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Great interview today with Melissa, and definitely worth a listen. I’ll try posting the link but it’ll most likely get scrubbed by the LSE mods, but I’m sure folks can find it.
https://www.share-talk.com/zak-mir-talks-to-melissa-sturgess-ceo-ananda-developments/
Key points for me:
. Expect lots of progress in next 12 months
. With acquisition, all bases covered for UK patients
. Key milestone list albeit without dates, but next steps:
. Build of GMP1 facility
. ‘Pretty quick launch’ unlicensed oils (already in discussions with Pharmacies and clinicians re offtake agreements
. Things for shareholders to look out for:
. Progress on the GMP1 facility
. Signoff of flower manufacturing by MHRA (which enables Home Office granted research licence to be moved to a commercial licence)
. Launch of first products in the coming month (I heard month but could be a wording issue)
That interview answers a few questions I had, including does the fund raise just completed fully fund the GMP1 facility? I think we can say yes.
And when will we see first revenues? I think we can say this year.
All very positive!
Possibly, and the intertwined relationships between DP, Altair and others certainly doesn’t sit well.
But there is a 3rd option, and that is that the French govt required Eqt to confirm they were fully funded before they would commit €1m to the feasibility study.
@wadogara. What is your comment about £7.5m clns?
That isn’t correct.
A max of 1.1bn clns were awarded to Charles Morgan as part of the loan debt conversion at the end of last year, but the RNS today states ‘ Mr Morgan has today converted all of the 2022 CLNs at a price of 0.3p per share, resulting in the issue to him of 747,264,000 new Ordinary Shares in aggregate (the “CLN Shares”). ’
There is nothing in the RNS today about £7.5m of clns.
RNS notifying withdrawal from Aquis
https://www.londonstockexchange.com/news-article/market-news/withdrawal-from-trading/15835448
What seriously hacks me off is the fact that Calamita seems to direct all responsibility for this disaster to the door of others, yet he has been CEO throughout! Does he still not realise that the buck stops with him!
Sadly this is now confirmed by this statement on the Love Hemp website:
This text on lovehemp.com website
Paul Cooper and Jamie Taylor of Begbies Traynor were appointed Joint Administrators of Love Hemp Limited (“the Company”) on 9th February 2023. They are managing the affairs, business and property of the Company. The Company will continue to trade whilst the Joint Administrators carry out their statutory duties. All enquiries regarding the Administration process should be sent to lovehemp@btguk.com. The Joint Administrators act as agents of the Company and act without personal liability. Paul Cooper is licenced to act as an Insolvency Practitioner in the UK by the ICAEW and Jamie Taylor by the IPA.
RNS issued in response to the allegations thus weekend. In my opinion, it’s yet another own goal. A truly awful RNS, washing dirty laundry in public when what was required was a simple statement saying the board refutes all allegation and an investigation will commence.
Link here to anyone who hasn’t seen it.
https://www.londonstockexchange.com/news-article/market-news/board-response/15816347
RNS
https://www.londonstockexchange.com/news-article/market-news/corporate-update/15765154
It’s been confirmed in the LH Telegram group that TC has responded stating that this was a dormant company, never traded and the request to strike off is because there is no point in keeping it active.
My understanding was that LH Botanicals was setup for the white label business, which hasn’t really progressed. Looking at the Companies House entry shows the the last set of accounts posted in 2021 recorded only £1 in Assets., so basically a shell company waiting for something to happen. Looks to me like there is some tidying up going on.
In my opinion this is nothing to be concerned about.
Sought some clarification from Gerard today over Helium position given they were not listed as a major shareholder in the Final Report to 31/12 yet still listed on MSYS website.
Seems they are listed in the report under ISPartners Investment Solutions.
https://twitter.com/yorks_south/status/1535166158386651136?s=21&t=Mcb1GFoe8KfmUlJalnQ3gA