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I assume that quilver was referring to the LUCY share price TopCatz. In any case that didn't go up either.

While i think Micah Richards is potentially an astute move, i think people are wondering about the cash burn and when/if management are going to provide confidence to the market that they have a viable strategy to get to reduce it and then get to profitability.

Personally, i would be quite happy if LUCY disappeared tomorrow. Just a sentiment killer and a potential big black hole.

Guident feels like a big company in a small company's shoes.

When you invest in Guident i feel that you are investing in Harald Braun. Even if you don't fully understand all the potential markets you are betting that Harald really knows what he is doing and is able to deliver on his connections in the industry.

I agree with most of that Lordmakealot but i do worry that LUCY could be more a liability than an asset. I would definitely like clarification on the plan there.

There is so much volatile because it isn't very liquid.

To get a good idea of the future market outlook oakbloke knows his stuff. Also, this recent interview with CEO Rick Guiney:

https://www.lse.co.uk/media/SALT/rick-guiney-ceo-of-microsalt-explains-why-they-are-targeting-the-largest-food-b2b-manufacturers-66mp9ug6nr2vngy.html

In particular i think the slide on the pipeline and where customers sit within that, after about 9 minutes is particularly instructive.

What some people may not be aware of is Bob Rauker is the main guy in charge of product development. The company doesn't really exist without him. I feel the atmosphere on this message board has become so toxic. Really unpleasant.

It happened to me on here TopCatz. And i am familiar with coding.

Hi TopCatz, it didn't show what you wrote because you used the less than sign i think. It probably thinks that it is part of a code.

Interesting background on the BELL- TMT takeover on Bloomberg.

https://www.bloomberg.com/news/articles/2024-03-07/uk-blank-check-company-s-cash-turns-it-from-buyer-to-target

Spells out how tough financing is with monetary policy so tight.

It feels like Cliff is hiding a bit. I think he knows he isn't that popular and doesn't particular want to interact. He did do a short presentation a couple of weeks ago.

I don't think that is the case Bazzaman. Microsalt is down and TEK is up today. BELL is up today but fell >50% yesterday.

Https://theoakbloke.substack.com/p/the-bell-tolls

On the face of it, it is an overreaction. Based on the projections and the substantial cost savings from increasing production to China valuation should be a lot higher if they can deliver. However, they have lost a lot of credibility with the market. They have persistently undershot projections in the last 5 years. Lack of leadership quality and another handbrake turn with the ditching of US production based which was costly to set up.

At least the underhand maneuvering of TMT hasn't done them much good. They are now underwater from where they entered. That cheered me up.

April tends to be a good month historically.

*throw

So, around $6 million cash burn for 2023. I get that a lot of that is getting the new lines ready and they will see return as those lines hit shops. But none the less that is a lot for a company with $4million market cap. Lets hope Agricore is correct and sales do expand quickly. The expansion in Q4 2023 was promising.

I suppose the main concern i have is Cliff going to through money at LUCY when the market won't? Especially considering it is his son as the CEO of that company. We have no real understanding of how he would deal with a company which is a failing business.

Https://theoakbloke.substack.com/p/fy23-results-for-lucy-part-of-tek

Yes, i am afraid Cliff has proven inept at raising financing. Raising at a 30% discount to the SP is very poor relative to the industry. Especially when the business has such potential and is already discounted so much against NAV. I am relieved that Guident will be doing its own financing from now on and not relying on Cliff.

You are right baf3. Some people hate the stock BECAUSE it is low. You should thank these people that they can't think straight. Without people selling when undervalued you wouldn't get such a good bargain.

Or maybe it could just be next week....