Member Info for High-Roller

Cross over, children. All are welcome. All welcome. Go into the light

Oh no, it's going down again 😭

Please mick33 buy some now to push the price up 🙏 my retirement fund depends on it please

Yay, the share price hasn't gone down for a couple of days wooooo hoooo

Arnab Basu

CEO & Executive Director

UK£271.00k

Paul Farquhar

CFO, Company Secretary & Director

UK£192.00k

Albertus Beumer

COO & Executive Director

UK£266.00k

Jerel Whittingham

Independent Non-Executive Director

UK£42.00k

Christopher Wilks

Independent Non-Executive Director

UK£43.00k

Lawrence Henry Kinet

Independent Non-Executive Director

UK£39.00k

Rakesh Sharma

Non-Executive Chairman

UK£80.00k

If you want to know why the share price is going south, Canaccord have dumped some shares to reduce their holding from 12.74% to 9.2856%. Maybe more dumping soon.

Ha. Ha ha. Haaaaaaaaaaaaaaaaa

Skid35,

Oh yes your right on point 2 on the conversion price, but as you say it will mean further dilution of the current 600,000,000 shares already in issue lol. I think I'm right on points 1 and 3 though.

"Carrying a fixed interest rate of 9.5% payable quarterly in cash or shares, the refinancing was hailed by chief executive Arnab Basu ..."

1. Why did Basu ask if it could be repaid in cash or shares? That is really worrying. This shows he has 0 confidence in being able to generate any free cash to pay the interest. Why would you ask "err you know, would it be possible to pay you in shares like if you know, we can't pay you in cash?"

2. Why such a low price for the shares. 1p. Couldn't he have said 2p? 1.5p? Basically that's what Basu thinks it's worth to make it attractive to the crazy loan shark.

3. In any case, when it comes to repay (every quarter), do you think Basu is going to pay cash, that might jeopardise paying his 200k salary, or just issue some worthless paper? He is going to do the latter and dilute us even more. Hence: Get. Out. Now

I don't understand Ark87 too why he has managed to keep his 200k p/a job. I thought shareholders owned the company? Why do the big shareholders like kick him out. It's a mystery.

Top 3 mysteries of the universe (in order)

1. How has Basu kept his job

2. Why did the universe come into existence

3. How did life begin on Earth

Wow, now hitting rock bottom, issuing new shares at 1p. Does Basu have any shame whatsoever? Scientists should study his brain, as a medical science freak. Or be put into a circus freak show. "Behold, the man with no shame". Gasps for air will be heard throughout the audience as he is wheeled out for display.

Wow, now hitting rock bottom, issuing new shares at 1p. Does Basu have any shame whatsoever? Scientists should study his brain, as a medical science freak. Or be put into a circus freak show. "Behold, the man with no shame". Gasps for air will be heard throughout the audience as he is wheeled out for display.

Let's brace ourselves for another Simon Thomson write up.

Let's brace ourselves for another rights issue

I actually bought back in on the recent rise.

Surprise surprise another false dawn and I've lost money AGAIN.

Final results out today.

I don't think the market was impressed with an INCREASE in the loss from the previous year.

"Loss before tax was £7.3m (2022: £6.1m loss)"

Basically, this SP is not going to move north anytime soon. I think the market would want to wait to at least see the trajectory of the losses reducing. You could sell and come back in 11 months time, do something with that money, buy back in and the SP will be the same 5p.

Hey mike33 what's your real name? It's Arnab Basu isn't it! Ha ha you've been found out! Dude, get on the phone and do some cold calling! Please try to make a profit! My life savings depend on it!

Also please take a salary cut.

Ha ha the SP is now LOWER than the rights issue offer price

Basu is on £270K per annum. That's what I've looked up. That's a fortune. Considering how many years he has been at the helm, he probably has amassed quite a small fortune. Now, I wonder where he is investing that money. Many an ISA or funds, but not in his own company - he just bought a small £5k worth of the new placing.

As part of the placing he should offer he should offer to take a salary cut to say £70k which is still vastly more than what most people are on and still a good salary, and take the £200k in shares. That would incentivise him. I'm amazed shareholders haven't already demanded this and for the rest of the management. Get this company profitable, we will pay you a good salary but not a fortune ... Until it's profitable. I can't believe the guy is on £270k. It's a joke.

As for whether it will ever be profitable is the question. They may have great products but if it costs you £100 to make with all debt, research, salaries etc but you sell it at £99 then it's not an investment.

I really hope Kromek proves me wrong as it's a great UK company. This placing should be the last and definitely be profitable after but they have said that before. And the ramping with the good news first, that's shameful.

Too many UK companies just get sold out to Americans. Management taking too much salary and willing to sell at the earliest opportunity. We need people who give a ... about the UK and creating successful profitable companies so people can have jobs here in the UK.

Don't buy this until you see a massive directors purchase by Basu and co. I'm talking where he buys £1M+ mortgages his house and gets personal loans out. The whole board. Until these Muppets have some skin in the game I'm not buying. I have an alert on to see directors purchases.

Look people don't buy any more than £5k which is what Basu bought and he's the CEO. And he was probably forced to buy the rest of the board so it looks ok. Buy seriously, £5k? That's pathetic. Unless you know more than the CEO.

I think he bought 100k shares, e.g. £5K.

Which puts people who buy more than £5k in the absurd situation where they are buying more shares than the CEO. Stop being naive people!

It's totally insulting that Basu just bought a token £5K worth of the new placing. That's totally pathetic. The guy is the CEO and even he doesn't think his own company is a good investment.

If it was this time on the cusp of greatness, the whole board would have mortgaged their houses, and taken out loans and bought as much shares as they could. As yourself, they know the company more than us. Why wouldn't you do that if you knew it was on the cusp of greatness? I've looked at the holdings the directors have and unless I'm mistaken, it's hardly anything. It says 0% for all of them (someone correct me if I'm wrong).