Member Info for ExMS

Nanoo
But if you are looking for reasons why there may be some beef between Volz and NNN then look no further than the Lanstead deal!

Nanoo
The reason I say that is that Volz are not going to share revenues they already have with Virosynth. They will only share any additional revenues from anti-viral orders is they way I see things

My impression was that the anti-viral component was to be an optional extra. A bit of spray at the end of the production line that could be turned on or off

Nothing to lose trying to put the heat on Duffers. If he could be removed that has to be a small positive for the company. Time is running out though

Nanoo
Volz May indeed have everything they need, everything that is except any interest in the product from customers

If there is an RNS what will Duffers say?

Lanstead as a shareholder are entitled to sell.
Nothing has changed and we remain excited about the future and confident of executing our strategy

Castle you do make me laugh.
The BOD want the price lower???!!!! That means they get less and less from the agreement!! Mind you it will help bring the inevitable forward a little I guess!!
Lanstead however will want this lower as they have to buy this rubbish every day!

@ Callit
Haha, I’ll take that comment with a huge dose of sarcasm!!

OK one last thing Trisor
I want to take over NNN
Prove I’m lying!!!

Anyway, that’s enough for today Trisor.
You can lead a horse to water………

Trisor
Hahahahahahahaha
Do you work for Duffers? Serious question

Trisor
And in April 22 he had reaffirmed that he was to grow the company by SA!!
All lies. I remember questioning at the time how on earth they could fund an SA? I don’t remember you ever questioning the strategy though…..

Trisor
He lied. There was never mention of a capital raising and he misled you all by being positive that there was enough cash for at least a year.
If it was so obvious to you that a capital raising was needed, why on earth can’t you see anything else that is obvious. You’ve been played, and you can either own it or just continue looking through those increasingly-costly rose-tinted specs!!

Just for you Trisor and taken from the RNS 30 June:

Cash as at 31st December 2021 was £3.8m, and at the date of this report, the Group had net cash of £1.8m which is considered to be more than sufficient to cover the expected working capital requirements of the Group for at least the next twelve months.
26 Aug 22 Lanstead deal 8 weeks later

He lied to you

And those are the facts re Duffers Trisor, none of that is speculation.

@Trisor
You had already quoted that part but had left out the bit where Duffers stated there was enough cash for 12 months before, just 10 weeks later, diluting shareholders by 20%.
You have ramped this dog of a stock quite enough. Duffers is a liar! He lied to you all. But you are perfectly entitled to carry on believing what you want to believe

For those that are in it fir the long haul…..
Cash at 30 June £1,787,242
Operating loss for previous 6 months £1,781,217
Yet Duffers stated:
Cash as at 31st December 2021 was £3.8m, and at the date of this report, the Group had net cash of £1.8m which is considered to be more than sufficient to cover the expected working capital requirements of the Group for at least the next twelve months.
Given that the company burnt £2m in the previous which is £333k per month how could he say that without bare-faced lying? The Lanstead deal followed soon after.
Now if the write off for masks was 600k that still leaves a cash-burn of £1.4m in 6 months or £233k per month.
II think UG is being kind to say the NNN is currently burning only £150k per month, I think it is £200k. But if we take 150k per month then they have burnt £900k in the past 6 months or £1.2m @ £200k per month. Either way cash in the bank will now be between £500-800k.
The only additional funds come from the sharing agreement which at these levels gives around £40k per month. Existential Crisis. They have 6 months of funds left

Who’s buying?
Fookin hell Trisor how would I know that? !!!! Lol
I thought it might be you!!!
Or Castle!

21.59% equates to 569,500,000 shs

Trisor
They had 21.59% of the company and now have 18.98%