Member Info for izstar

That just short of £5.5k is my buy not a sale

For me, the future is obviously potentially bright indeed and I like the fact that Luceco own 10% of the company. I also assume Redaptive would have done their DD before deciding to provide 100m. But against that the write offs, the ack of bunce from the sale (which suddenly went from many millions to 0) and the fact no mention yesterday is deeply worrying. If it was legals then they could have mentioned that at the outset but not to take any questions or even mention it suggests at best arrogance or a misplaced approach of concentrating only on the positive or at worse something a lot more sinister. For the moment I have a big investment here and have just added again this am as on balance much to be positive about - fingers crossed

What do you think?

Lacklustre presentation and sp still falls. Need some regulatory approvals - something to change the dynamic. David looked tired and interceded several times when are ceo was slow with an answer. Also said nothing by way of thanks for David’s service. Missed the health issue - both seem good people so as you say I truly hope nothing serious

Always on the cusp of great things, not sure anymore. Only significant growth through further opening of markets will make a difference here

Yes, I agree

Honest, open and comprehensive. Unlike another company this am they took all questions too. There was weariness to the meeting - for the company’s value to be where it is must be utterly disheartening. Seems no immediate plan to go private so plenty of patience required - it will happen

Yes, I agree

I also am a tad anxious about whether the business they sold was on the basis of fictitious numbers and whether there may be a clawback demanded let alone the lump sum we were told we were due. I have made a very significant investment here and it does not seem right that H should be so handsomely rewarded. FD does seem competent - answered questions well and seemingly has resolved most of the issues.

Sometimes companies come out of hard times like these having learnt a great deal and are the stronger for it. Look at Luceco and its travails with its FD. Like Luceco the business is there and with a fair wind this company should now fly in my view.

Fair point.

Assume they had to be careful given issues around exaggerated accounting and how the lump sum from sale of division could have gone from anticipated 4-10m to 0. I am sure there are on-going issues that could not be discussed on a public forum - who knows?

Thought the FD was excellent together with CEO so maybe now that the business has been sorted out we can go forward strongly - confident we will. An assured presentation

Yes CFO came across as highly effective. Seems the previous company before the split had little to no controls in place with exaggerated numbers which has undoubtedly played a part in EaaS not getting its significant bonus - ? Fundraise

BUT like Luceco who also had a serious problem with a previous FD and recovered magnificently we seem to be on the same trajectory. Underlying business really strong and if managed well this company should grow quickly now - just a terrible shame it is not in the position I think we all thought it would be this time last year

To be an audit reason - I doubt good news but hopefully just an audit issue requiring further clarification - there were some unexpected financial issues after the split

Short term issue though - mid to long term looks fab in my view

Yes for all my fears I bought another £5k earlier - even if bad news in short term this company is in the right field at the time so in the longer term in my view will do well

But surely results sit aside from any corporate activity. Must be results related in my view - they are so late and to be delayed at the last moment must mean an issue with the accounts, again in my view

Hope I am wrong

Odd. Big holding and fan of this company - late results and then late on last possible reporting day - hope nothing sinister has been uncovered. Company with so much promise with strong leadership - fingers crossed.

A question for 1/7 - implying in RNS less dramatic property development for more finely tuned lab/process with borrowing facilities still available as we know - will ask as well as what the SR outcome was - we know no sale but they implied there was more to it then that

i have lost a fortune in this company. in all the years i have held these shares (very few left) it has only declined - from 8p to .45. always the same promise, always the same bulls@it. the one chance we had was wressle but then the rns on serenity followed by more wasted money on eg ( hope this turns out not to be the case)

all the while successive ceos have feasted on exorbitant salaries and expenses

think wh more genuine then others but has ****@d away wressle on pipe dreams

what might have been….

Seems a key issue here if it is one is that we have several large investors who have made purchases at higher levels and are not willing to sell the company cheaply. As long as the company continues its current responsible path it will in my view be sold at a much higher level but it may be several years from now sadly. Still it has been an interesting ride so far and again just grateful no nasty surprises so actually pretty happy this morning

Yes but no serious underlying problems with EBITA improved (appreciate not profit) - little on future or SR outcome - guess something for the call. But overall I am relieved. Sad to see FD go

Well that is a surprise. Very much business as usual so why the share price decline. Sad that David is standing down - seemed highly competent and part of a dream team with our ceo - he will be missed I am sure. A shame.

Onwards and upwards it seems

Yep not looking good - radio silence whilst the SP sinks and sinks - some serious selling today. I know sales slowed but they would have had to have nose dived to justify the current price. The lack of any communication must mean either we are in trouble or more likely they don’t care as taking this private. SP too low for a rights issue - I hope

Yes, their not buying (as well as other large holders like RG) must be related to the on-going SR. Why buy in market if going private or rights issue on the way. At least thanks to market rules we will know soon but as always PIs left at a disadvantage. I have always believed in this board so hope news is positive.

Totally agree - utterly bizarre - from a board who used to communicate frequently - silence

Just have to hope that, as they say, they are continuing to deliver on their 4 s strategy