Member Info for Bridgedogg1

The fundraise is to provide for expansion into immediate revenue generation. No one said we were running out of money, we could get along without it but we’ll worth the investment at this critical stage.

Let’s see what the yanks make of this in the afternoon 🚀🚀🚀

Some people very upset to not be holding shares 😆

Any raise would surely be at a premium to any closing price after todays news.

Haven’t heard anything for a while and large holders selling out, not good signs.

Having had an ischemic stroke in September I can say these tests will be well received. In tge 3 weeks I was there lots of patients coming and going. Simple, straight forward and much better outcomes across the nhs.

I don’t have a problem with the profit takers but this is clearly going back to double figures very soon

Buying at anything under 10p is still ‘the bottom’ here come next week.

Looking at the chart 11.5p is a reasonable target for Friday close

So far it’s only been retail investors buying in, that should change very soon

Cash of £1.2m as at 20 March 2024 following recent receipt of R&D tax credit of £0.8m

Initial international sales of the Genedrive® MT-RNR1 ID Kit received from France, Austria, Greece, Saudi Arabia, Turkey and the Netherlands

Strategic decision to sell Genedrive® MT-RNR1 kit direct in the UK and Ireland in 2024 following addition of increased internal sales capability

Funding will not be a problem

End of April is much better than end May. Then 10 days or so to drill each well.

Are there still plans to work over Cory Morag? ‘By the second half of 2024 TRex is expected to be generating significant positive cash flow from workover operations.’

Hopefully thatss the plan. PRD drilling window is 1 April to 31 May so they should announce their plans fairly shortly.

From what I can tell, post the Chariot 'drilling by end of Q1 guidance' RNS in January Predator announced in February that they had extended the 101 rig contract until the end of May. We didn't get an update but I 'm working on the assumption that we will have to wait fro their drilling to be completed.

I’m not sure it’s a ‘dead cert’ because 5 people in this bb hope it will happen. From Hainan’s point of view nothing has changed, no reason for them to buy us out now if they didn’t when the initial agreement was made. This is fast tracked to production, just need to be patient.

The company is suspended due to market settlement issues. Nothing to do with the company itself so no reason to think the suspension won’t be lifted. Personally I hope it drops significantly so I can top up, valuations at this level will look silly when we have £2m in the bank and the pipeline of deals materialise now litigation and financing has been resolved.

https://*********************/companies/uk/asset-management/tern-plc/research/progressive-equity-research/progressive-tern-core-portfolio-thriving/30_a93eee41-1d2e-42cd-a8b9-dba326926da6/94adaace-1450-48fc-95c7-a630aafaa93d

‘the group has been able to reduce costs by an estimated 40% under the new structure. the new management team structure is focused on delivering ‘material’ value from its current portfolio companies before considering any new investments. ’

‘there has been a flood of capital to the generative ai space, and research by cb insights highlights some generative ai start-ups have been achieving valuations more than 100x their forward-looking revenue, with generative ai companies averaging around 50x.’

‘device authority’s modularised licence platform ksaas (keyscaler software as a service) is built on microsoft’s azure cloud and was awarded rising azure technology 2023 microsoft partner of the year. device authority has a strong presence in the uk, with a ‘go to market’ in the us and further offices in bangalore.’

“talking medicines’ recent fundraise will provide capital for the next stage of development and continued expansion in the us. talking medicines is well established in a category of ai that is achieving 50x revenue multiples on average’

‘(wyld) customer acquisition is expected to accelerate in 2024, with a ramp-up in revenue following testing and manufacturing of wyld’s satellite iot products (which was a big q4 focus).’

‘all four businesses are on a positive trajectory, with significant momentum. we see huge potential in the next phase of growth as portfolio companies work with investment partners to achieve additional recognition and scale. ‘

Energean is a huge cash cow, a great partner to have on board. Deal to be completed ‘imminently’ hopefully means this week.

This relates to the announcement in October 2023 and just proves what they have been saying, the last 6 months have been focused on development and production, its now entered the distribution phase whereby devices are shipped and reoccurring income will be rolling in.