Member Info for cindercone

So let's get it right. In January, the individual that is "key" to BMN's operational strategy left. No RNS was issued either declaring or explaining his departure. Surely this contravenes AIM rules on "notification without delay of any new developments which are not public knowledge which, if made public, would cause a significant movement in its share price, i.e. information a reasonable investor would be likely to use as part of an investment decision?

Great comms. Watch the SP fly.

Only a supreme narcissist would be so arrogant as to believe people give a flying sh*t about their trading activities... yet Ophidian continues unabated. A disgusting, deceitful individual who will literally say anything to make a few per cent.

No, China only represents 27% of sales.

"They can’t control the share price but they are doing a great job building the business."

Can't control the share price? That's a shame because that's his job.

Investors like you are a CEO's wet dream. Especially on AIM, where so many of them take other people's money, make themselves wealthy, deliver nothing and leave shareholders out of pocket. Back in the real world, business owners work their fingers to the bone to make their company successful then reap the financial benefits, not the other way around.

FM is on £500k a year. That salary is clearly not aligned to BMN's progress or anything resembling sizeable profits. As for Nikomarov, £100k+ a year for delivering what exactly? A few LinkedIn posts a week?

Like I said, 2023 is the year. No major IIs bleeding shares into market, production ramped up, electrolyte contracts in the bag. If BMN cannot deliver a profitable pathway to long-suffering shareholders by that point then they clearly don't have the drive or acumen to drive the opportunity.

I still maintain that the board are overpaid and complacent and therefore not driving the business in a manner that equates to shareholder value. In my book, if the picture remains the same mid-2023 Mojapelo and, particularly, Nikomorov, should be voted off the board.

If you publicly list there is an obligation to provide shareholder returns, not use the money to personally benefit by paying yourself a big salary while leaving shareholders completely in the dark.

I have long-suspected Duferco are selling out. Long-term holders like BBN and others also trading the share IMO. As long as the V price remains around $50-$60 the re-rate is inevitable and likely to be substantial.

Anybody who claims to understand TA or uses it as an indicator to inform their trading is clearly a moron and not a serious investor.
Just saying

"Any Covid test that AVCT may produce in the future will have to have a USP which very clearly differentiates it from the pile-em-high-sell-em-cheap tat"

With Medusa 19 being owned by Boohoo they will know how to market AffiDX and have the funds to promote it in a way that other biotech companies cannot. After all, it's Boohoo's innovative marketing campaigns that keep them ahead of the fashion curve.

I suspect this is the sole reason why Avacta has not given up on AffiDX. With further strains inevitable, the opportunity remains huge if the LFT can be properly marketed to business and consumers alike.

Raising money by giving away shares is not the only way to raise capital. For example, you can go to a bank and borrow the cash or acquire funding through other means. From that perspective, the company IS giving away shares, primarily because it doesn't give a toss about shareholders.

Hope you're well
CC

"That’s what amazes me on these BB’s - so many posters blaming everyone except for themselves."

Dear investors. Remember, it's your fault the SP has halved in the last 12 months. It's your fault that Eskom BESS tenders will probably never happen and the company never tells you what's going on anyway. It's your fault Bushveld Energy has said or done nothing for years despite promising to give frequent updates. It's your fault Mojapelo said something would be done about the flailing SP, then did absolutely nothing. It's your fault that BMN keeps giving away millions of shares that hammer the share price. It's your fault that BMN releases a positive RNS after hours and a bad one first thing in the morning. It's your fault that sentiment stinks.

Yes, never forget, it's all your fault for placing your trust and money in the company only for them to tell you nothing about their plans or give any updates. It's YOUR fault.

Hope you're doing okay Pdub.

What makes you think anyone gives a toss?

"The figures for February were only published about a week ago."

Not true. Duferco's reduction from 66 to 55m shares was notified well after the 28/02 date specified on the BMN website. That was the only one updated a week ago, all the other holdings stayed the same. This implies Duferco only recently told BMN about the change in share ownership so they updated the register but not the date.

Interesting article, but the supposed verbal attacks were aimed at David Bramhill CEO of Nighthawk Energy, not some bloke nobody knows called "Alfachump" who has thrown around more than enough verbal threats and insults to have his case laughed out of court.

Again, libel has to prove defamation of a specific individual in a way that has proved to have led to loss of earnings. Equating Bramhill to Alfachump is therefore preposterous.

I'd love to know how an anonymous username on a web forum can be libeled, let alone proven to have resulted in reputational damage or loss of earnings to an equally anonymous username. Who in their right mind would be stupid enough to swallow such ludicrous threats?

Libel PMSL

You'll be the last shareholder standing - if this went down to 0.01p you'd still be barking the same rubbish in 2035.

Shareholders have funded this business and FM/MN's overblown salaries and they've delivered nothing in return. Understandably, dilution is been required for major investment projects, but not this.

Serious pressure needs to be put on the board at some point soon. They don't say anything or do anything to promote the business because there is no pressure to do so or accountability, leaving shareholders completely in the dark.

They can be very easily voted off the board, so start delivering something for shareholders or get out.