Member Info for JBongo

There we go then. Enjoy the fruits of our funds boots! And I do hope Penny enjoys her new exciting role. Don't forget us peasants whose shoulders you stood on to get there!

Hopefully Adam has been looking hard for new opportunities (preferably for shareholders benefit, rather than just his own).

Yes I imagine the resolution will pass (as I still believe the major holders will have been sounded out beforehand). Wonder what happens if not though...

Meeting at 1pm today. Will we find out results today or tomorrow?

It would only be insider trading if mercia made any trades based on that info. As far as we're aware, they haven't. MHC could have asked them if they would support the deal at the price agreed.

This sort of stuff 100% goes on and is 99% of the time unpunished, even if it is dodgy. Another share i was in, the main shareholders started dumping shares rapidly a few days before a bad announcement. Not even a mention of them getting into trouble over it.

You would have thought the board would have sought the opinions of the large shareholders (or offered them a sweetener of some kind) before agreeing to the sale, given how small an amount of shares the board own. Otherwise there's a big risk of getting egg on their face if one or two of the big boys don't like the deal.

I'm with fidelity and can vote now.

I had to set up a voting account for my fidelity holdings years ago via a different company called broadridge, but it works fine now. Your platform should have instructions on how to vote. If not, contact them.

I have voted against. At very least I want an improved offer from boots. Or just to stick two fingers up to penny

Our Penny has played a blinder here... for herself. Her leaving bonus is equal to a month of operating losses of the company. So the bigger the loss concepta made, the more money she gets... talk about a lack of alignment with investors.

I wouldn't have minded a sale of the operating business to boots, but not for a pittance as it has been.

We will then be entirely relying on Adam Reynolds and co to find a suitable investment in a completely unrelated field over the next 6 months, while burning through our 5-7 million cash pile. The future is bright...

Probably because they stuck AI in the name...

You can make them sign NDA's and then sue them personally if anything gets out.

But it doesnt really matter whether we think it's a good idea. Fact is the company said they were going to be doing it more

It's not that big a stretch when the company said themselves they would be relying more on trade secrets going forwards.

I wish it was still flat from when I bought it 😅

Lord. Yes see the below link for the statement from LG. Obviously this might just be to help them in court if they knew this case was coming up, rather than being the reality. But I don't see an court easily applying an injunction against LG products if they claim there are no QD's in them. Nano may be able to prove it of course, but that would still take time.

https://www.thelec.net/news/articleView.html?idxno=5097

Possible that Nano thought the historical number of TV's sold with QD's was sufficient to bring the injunction, even if LG actually have stopped using QD's. But in this instance it would mean no injunction, as you obviously can't stop them selling TV's already sold.

Aren't LG claiming that they no longer use QD's in their tv's. So what would any injunction be against?

I think we all know it's going to be delay delay delay.

The types of tests look very similar to the MHC branded ones. I wonder if these MHC ones will disappear from Boots online and physical stores now, given the crossover with the new products. Think the packaging is nicer on the MHC branded ones tbh. But I guess people trust Boots more than MHC whatever the packaging looks like.

One new product I can see is the testosterone test. Good to see as I was looking for one recently and had to go with a competitor as MHC didn't have one available.

I guess the margins will be tighter on the new products, but hopefully higher volume.

Because if you do sell out, they'll announce a bonza takeover bid the day after and the share price will rocket. Sods law 😀

Yes the launch next month by boots will be interesting. Hopefully lots of advertising by them.

Today's announcement doesn't seem as big to me tbh. It just looks like a way for customers to get their own results and then upload them somewhere else. I'm not sure how that makes us more money.

Good, positive write up. The share price seems to be drifting back down to it's resting state though. I don't think anything will change this apart from solid revenue (and in future, profit) numbers coming from these deals. The market just doesnt seem to get excited about MHC in the way it does about other companies.

Not a clue what our cut on these tests will be, but hopefully enough to raise the revenue to a point where we don't miss the covid test income anymore.

Nice to have some (good) news for once. Only another 10p per share and im at breakeven :'D