Member Info for h4mmered

So in your view there is absolutely no way that they own the IP whatsoever? If that were true the Company could bring action against every lawyer, financial adviser and broker that has ever been involved. Given that Laurence Strauss has no axe to grind here, why would he not just sue all the advisers for malpractice if there was not IP owned by the Company?

The option does not work like that - the Vela interest is capped at £4m, regardless of where the shares of MURF trade.

Option is a put option, so Vela has the right to put the shares back to the company, in exchange for £4m. They would be crazy not to exercise the put.

Whilst it doesn't inspire unbelievable confidence, the fact that they have made the announcement does suggest that they are expecting a vote next week at least. As long as £4m of the cash goes towards the put option, who cares?

Further MURF announcement, suggests they are dotting i's and crossing t's before the vote. Hopefully means no more delays.

https://x.com/LifeSciencesSol/status/1702233854600220815?s=20

Beautifully put and I can relate!

The first thing that larger companies will want to do is try to squeeze the company out, rather than just buy it. What will be essential for the company is to establish niches where the technology can be proven and gradually work from there, rather than address the whole market at once.

However, once established then yes, there will no doubt be interest from larger players.

Spoke too soon! The EGM that would have delivered more than 2x the current share price failed and it's back to eroding value over time through costs of being sub-scale....

Company to be delisted next week...last chance to deal...

It's away to the races....

IIG holds around 50m Yourgene, so will make around £150k on the bid, or 0.2p per IIG share.

The trouble is that the quoted portfolio has fallen so far that even a bid and 150% move in a share price of an investee company barely has any impact. However, maybe it will help highlight the chronic undervaluation of IIG....

Surely investors wouldn't accept an offer that didn't represent fair value?

With the stock trading on a big discount, what does anyone think the chances of an unsolicited offer are, and what do you think anyone would have to offer, in cash, to buy the business?

Introduced the track to my nine year old a few weeks ago because she is thinking of taking up the saxophone…

Looking at the results, once you fair value the bonds, take the ZDP out at the repayment value in December and assume the warrants are fully subscribed, the NAV is below 3.5p per share. It’s not even great value any more, even assuming the company can avoid further losses, which seems unlikely.

There is no hard and fast rule for how many shares you need to expect a Board seat, but the reason the 10% figure is banded about is because you need shareholders representing 10% of the issued share capital banding together before you can require a company to put a resolution to an EGM. So, in theory, if shareholders representing 10% of the company got together and wrote to the company demanding an EGM to put someone on the Board, the Board would have three weeks in which to send out the notice of the EGM and the EGM would be three weeks thereafter. If a simple majority voting at that meeting supported the resolution, the nominee would join the Board. Similarly, the EGM could call for any number of Directors to be removed. Smaller shareholder groups can write to the company and make requests, but the Board is under no obligation to consider them.

Great to see the number of share trades exceed the number of posts today for SEED, could the company actually have found a clearing price at which those that have capitulated can get out and there’s enough value for new investors to get in?

It’s true that once you’re in, you’re in, and no one is going to provide you with a root out. All in all doesn’t add up to a compelling buy story right now.

Which is why you never want to trade through a platform in micro-cap stocks. Effectively there is no price that anyone can sell in large size but a buyer should be able to pick up stock at the bid price, or close to, if their broker approaches the market makers and leaves an order for them to fill.

Bought 80.000 at 33.25p - 11% prospective yield and a 55% discount to NAV; that does give a reasonable amount of comfort for any volatility in the underlying economies…