Member Info for ExMS

The answer is who knows? But not only has the strike price of his options been reduced to 1p but they are all now vested so, in other words, he can sell them all at any time he chooses. I think I'm right in saying that the only stipulation is that he has to still be an employee when he sells. There is no lock-in period. I think we kinda agreed the other day that it was probably likely that he was about to jump ship? None of the above makes me confident about the future as an LTH. Might it bounce? Yes. Might it fall? Yes. Read the next RNSs carefully. Jam tomorrow is no longer enough in my opinion

Careful, Dr M will be accusing me of talking to myself shortly!!

Duffin renegotiated his package and it is classed quite rightly as market-sensitive information. They had a legal obligation to announce the new terms

And not just 50 masks on Amazon

The best case I can make is another pump and dump, unless they can announce that an actual customer has signed an agreement to to pay some money for an NNN product!!

SA? I've no idea. They haven't delivered on very much so far though have they?
I have to say, and a little bit to my surprise over the pandemic, covid-killing anything has just not sold

Of course there are thousands of opportunities I have missed over the years. But when I worked at Marks and Spencer a trader would have to justify his positions to me (in the food dept of course). And losing money for the right investment reasons was ok, but not for the wrong reasons

@ Trisor
I have been tempted in the past but you invest in 3 things really in a company....the sector, the product and the mangement team. And no I'm not convinced to invest. And the renegotiation of Duffin's options is just shameful. He really needs to make a statement about that, to clarify.

My opinion is that he will do what he can to get the share price higher so he can exercise some or all of his options. He also gets a lump sum if he increases the mkt cap by £10m. Now this share goes up on perceived good news not necessarily actual good news. It's an AIM company and as such, if you can forgive my parlance, does not have a sophisticated group of shareholders. Boiler rooms, twitter gangs blah blah. No professional/institutional investors and the only significant shareholders are those in charge. They hold all the cards. I've watched this now for a year. This business is puking money. No sales, no revenues and a very top-heavy structure. What the company needs is an agreement or an agreement in principle with a customer to supply something/anything. Something tangible. But there is never anything tangible. Just talk giving the shareholders hope.

@trisor
That's for everybody who trashes Fusion. He was soo right. It's all out there if you DYOR. There is always the chance of jam tomorrow though. Right??

And you wonder why Duffin renegotiated??

This is an extract from the last full year annual report. When the company was still called RMS and Legge was in charge....
"The price of masks had decreased significantly since the start of the COVID 19 pandemic and the differential between the Pro-Larva mask and other, non anti-pathogenic masks is now significantly greater than 12 months ago. This combined with the impact of existing stockpiles of masks, the success of the vaccination campaign and the uncertainty over the lifting or otherwise of current lockdown restrictions has made sales challenging in the UK. The group has adopted a two-pronged approach to marketing the Pro-Larva mask. The first, for areas suffering from a rise in COVID infection rates, such as India, is to position the mask as a key step in breaking the infection cycle.. However. this is only a short-term opportunity that will fade as the pandemic recedes. The second approach is to position the mask as part of an array of enhance PPE, providing a broad anti-pathogenic protection and so reducing the impact of infection amongst workers in key sectors, such as healthcare. The short-term focus will be on the dental and GP sectors, with a longer-term campaign to encourage the NHS to adopt the protection offered by the unique anti-viral layer, currently contained by the Pro-Larva mask.

So Legge knew. There is no UK or India mask business. And now we know no dental, no GP and no NHS contracts. Nothing. No mask business. No Pro-Larva

OMG I was wrong....RR is all-in!!

@Mulletman
Some on here seem not to care about such a little thing as competition!!

They also haven't updated the page where it lists the outstanding options issued.
I guess the CEO has been too busy laughing since the renegotiation!!

That’s exactly what RR has been doing. But I’ll have a little wager that he’s taking the pee out of Shareabell…..

https://www.nanowerk.com/nanotechnology/Nanotechnology_Companies_in_the_UK.php?page=1&country=UK&=%27U%27

Dr M
If you are not into philanthropy then why don't you put some of that £90k to work and lift that pesky offer??

@ Callit
I don't know, but I can read. Do you really think he'd be backing Shareabell??

He's not buying just taking the pee out of Shareabell I think you'll find!