Member Info for Bobber69

Hahaha, you wand.

If you don't challenge the BOD, they lose the accountability.

I've got a decent stake here and I'm just after a bit of clarity. At the moment I don't think we're getting it. Especially after today's RNS.

I sincerely hope so, Nibor. The £1.06m in cash at FY end was only going to last about four months. The broker report regarding cash 'til 2026 was clearly inaccurate. The recent placing was in fact to keep the lights on, not as we have been told.

The BOD are painting a very murky picture in terms of contracts, licence fees and cash position. The only contracts (c/w contract value) they have RNS'd this year total £231k. That's one months cash burn. Something isn't adding up.

I also sincerely hope the 'imminent' licencing deals' stated earlier this month are actually imminent.

I read the bit that said.....'allowing us to generate enduring shareholder return and passive income in the medium and long term.'.

No mention of short term.

We have no idea what magnitude those royalty payments will be received. It's likely to be a trickle to start. Is it going to be enough? We don't know.

Assuming they do another £1.2m this year, that's enough cash for 16 months at a burn rate of £250k.

If licencing fees or upfront payments are not received in the next 12 months another placing will happen next July.

Not wanting to rain on anyone's parade but this was from the 28th Jan Update....

Sales pipeline - at 31 December 2024, the sales pipeline stands at £4.8 million, including £3.4 million in advanced negotiations. The Group anticipates converting a portion of this pipeline during the second half of the financial year, further enhancing our revenue outlook for the second half and into next year.

It would be good if the BOD could address this.

SH's have backed the placing, so we need something more substantial than LinkedIn posts in return.

Let's see those deals, please!

'imminent licencing deals' means today's drop is a steal.

i've added here.

mm's taking the ****.

You'd like to think that with the largest proportion of the placing already registered, the smaller tranche entering the market wouldn't create any waves. Especially, with the IMMINENT licensing deals referenced by the chairman on 4th July. I expect these to start being announced from Monday next week.

Tim Sykes ~3m shares in-lieu are registered from today. He still sees the value in not taking a salary. He knows what's coming.

But WTFDIK.

The shares won't be registered until Monday.

It needs news with licence revenues received or upfront payments to get this going.

Anyone have any idea how long the 'imminent' on-person trials will take?

I can't imagine Adam was being disingenuous when he mentioned 'imminent deals' in the placing RNS; So, you should see a decent return on that very soon! 👍

The last two trades posted yesterday, were from the day before that (7th July).

If you look at the mid price at those times one looked like a buy, the other a sell.

Could be a large sell shows up later in the day. Only thing I can think of for us still to be level.

They made it quite clear that the placing was not to pay wages for the next year. It enables them to grow exponentially.

This distguishes them from all of the lifestyle companies littered across the AIM.

Hopefully, we'll see some TR-1's in the next few days then.

Wasn't the admission of the first ~400m shares from the placing meant to be by today?

I'm glad the cash position is resolved.

I'm guessing Unilever weren't going to enter into a contract with a company who only realistically had enough cash to survive another 12 months.

If the statement about 'imminent deals' is correct this should only be a short term hit. We were 0.25p as recently as April, so 0.3p isn't too bad.

LTB is on the money when they say an upfront fee or licence payments being received are required to get this going.

The issue of cash reserves is always going to be looming until that point, unfortunately.

More news tomorrow?