Member Info for Clenchedcheeks

To be fair TC, lord makes a very valid point. Yourself and others were quick to shoot lord, myself and some others down when we attempted to introduce some balanced views to the board in the past which were construed as negative. I even recall Seaman questioning the sanity of holders selling when in the 30's.

I've been invested here for far longer than you and I've been through many ups and downs. The difference this time is that having floated two and delayed the third for whatever reason, I don't see a great deal of value left in the cupboard.

They're dreaming if they think that they can sell this in sufficient quantity to consumers at that price to make it economically viable. £7.95 for 170g!

It has to be B2B by the ton bag but at a competitive price to make it worthwhile.

What you mean that it's now only lost 90% of its value in less than 18 months?

It needs to multibag to recover lost ground alone.

Https://www.investorschronicle.co.uk/ideas/2023/01/13/a-tech-bargain-that-s-primed-to-recover/

I wonder what Simon Thompson's thoughts are on the current share price given his strong support for the share earlier in the year?

I agree with your points Lord.

I didn't expect anything from LUCY and am not surprised by the outcome. The overheads are ridiculous relative to the volume of sales. A town centre Specsavers franchise would probably achieve greater sales volume with a fraction of the overheads.

I had high hopes for BELL however the share price has tanked and due to the time that's elapsed we're now left with a very thin slice of the cake. The same mistake can't be made with Microsalt. It's possibly our best chance of the two remaining companies. As a disrupter I though a major food manufacturer would step in and buy the company but sadly that's not happened. My biggest fears are that the float goes ahead in December and it requires ongoing support by way of periodic share issues to provide liquidity, or it remains within the TEK umbrella and TEK requires further share issues to provide liquidity. Either way, we suffer dilution.

It's been some time since we had an update from Guident on the shocks. From memory they raised funds a while ago to test them with at least one major manufacturer. Either they work, or they don't. Audi seem to have put their eROT equivalents to bed.

Has he definitely received a bonus this year Seaman, or are you referring to the sale of the BELL shares?

I appreciate that one should never seek comfort from the decisions of others, but the share price was 15 pence when Elie Dangoor's holding reached 3.33% and 28.75 pence when James Kight reached 4%. Whilst their investments may be relatively modest in comparison with their overall wealth, they are still sizeable investments made by successful businessmen which are unlikely to have been made on a whim. I'm therefore hoping that my doubts and concerns are unfounded and that TEK will eventually deliver a golden nugget.

Https://www.morningstar.co.uk/uk/news/AN_1700570596743983800/in-brief-microsalt-delays-london-ipo-for-second-time-to-mid-december.aspx

I thought it was £215k not £250k?

Why sell at the bottom? Surely they know what their cashflow needs are weeks, if not months in advance.

Those asset valuations that they used to bump up yearly profits for TEK prior to the float of LUCY and BELL have been proved to be wildly over optimistic based on current share prices. I'd hate to think that we'd be in this same position in two years having floated Microsalt and Guident but you have to wonder given the path taken to date.

Also, there has been no mentioned of successor companies. What happens after the final two are floated?

Raising £215k from the sale of Belluscura shares when the price is at the bottom. Seriously!

They must be desperate to have to do this for what's a small sum of money in the scheme of things. That's 10 percent or thereabouts we're left with or around £3m at the same share price. That equates to about ten bob per TEK share.

Factor in the LUCY stake which is also worth very little and we now have all our hopes pinned on two companies.

Thanks for posting the link.

I agree, those sales figures are shocking. It's clear that LUCY needs a change of leadership and direction if it is to survive.

Well, according to one cheerleader the upside is truly compelling for those investors prepared to wait! When he looks in the mirror I think he sees Warren Buffet.

I'm not selling as it's simply not worth it for what I'd get back now, but like you I can't see how they can extract sufficient value from the companies that have floated already, or those which they're looking to float in future. Past experiences have proved with Lucy and Bell that if you don't get out at float, you end up with a thin slice of a small cake. What happened to all those pre-float asset valuations that were used in the annual accounts each year?

Me too Vet

Clifford Gross and his board of directors have delivered no value to shareholders thus far and sadly I don't see that changing. Always tomorrow with him, but tomorrow never comes.

The jam jars have done nothing, we now only have an 11% holding in Belluscura for which there was much hope pre FDA approval of XPLOR many years ago and if Microsalt goes the same way of constant dilution we'll be left with the remote control golf carts with windows.

A huge variance to the USD 54.9m value of the portfolio companies figure in the December 2022 accounts.

To me, Microsalt was the jewel in the crown, the one I've been waiting for but it's going to have to go some to lift the TEK share price.

If the Microsalt launch fails to influence the TEK share price in a positive way, the whole business model of TEK must be called into question. The BoD have thus far failed to deliver any value for shareholders since outset and I can't remember them making any stock purchases with their own brass. Perhaps they're content just to take the salary until the money runs out.

Really? I'm hoping for 40p personally.

Could it be the scent of yet another raise which is holding it back?