Wentworth CEO sees both capital and dividend growth opportunities in Tanzania's Mnazi gas field Watch Now
Medusa deal is exclusive for Direct to consumer sales only. Businesses and governments etc, where most of that 100-200m per month volume AS talked about is going to come from are not exclusive to Medusa.
I’m sure those deals given the size and volumes likely to be done and clients, will be waiting on final S&S numbers, manufacturing finalisation etc before signing on the dotted line. I’m confident they are close to being done in the background but won’t be finalised and announced until the other news flow comes. It’s sequential.
Medusa19 only have exclusivity over D2C sales anyway, which I would be very much inclined to think of all sales outlets, will be the lowest volumes.
It's going to be businesses and govt's who will buy this in the 100-200m / month volumes AS talks about, not Joe Bloggs at home. The are the big distribution agreements, which are being worked on as we speak and don't involve Medusa19 at all.
I would be inclined to agree more waitingroom with the impact of them being a shareholder if there was a connection with the Kumani's / Boohoo in any of the AVCT research, production / manufacturing processes. You have to think, after a £45m raise and prototypes at an advanced stage, if the Kumanis and Medusa disappeared tomorrow, there would be little impact. We don't need their cash anymore and for a product that could be as significant as the LFT there will be lines of people wanting to distribute it.
Disagree lazypunter but interesting to hear your thoughts. This is a Bohoo issue and if the media go after Boohoo in the short run then yes there will be an impact on BOO shares. Our connection is with a distribution company in a completely different industry where the only tenuous link is one of the investors/founders of Medusa19 is the Boohoo founder.
They will have plenty of ammo to be throwing at BOO directly linked to the clothing manufacturing "scandal" it wont spill over into here, why would it?
The media probably don't even know anything about Medusa19.....
The only impact here will be a few shorters/derampers that we all know well trying their best to spread some contagion risk chat (not saying this is you by any means) which so close to a long line of news flow, wont be sending anyone running for the hills!
Lazypunter - interested to know why you think the Boohoo issue will impact here?
And to be clear they cant delay an RNS just because someone associated with a distributor is under the cosh in the media, RNSs contain price sensitive info and have to be released as soon as possible to the market....
As I have previously said positivevibes (assuming this was directed at me as a "dermaper"). I am not a deramper just have some well founded grievances with LC that put some doubt over his ability to deliver on projects. Given his history that cannot be denied.
Fully appreciate there are other parties involved here, which derisks him slightly, with a project that is in a hot commodity right now. I want this to go up like the rest of us for my investment there and in KIBO.
There were no dermapers to have disappeared, merely people who have been burned by him before waiting to see what he delivers with the next key piece of news.
I don't think 1m is going to tough the sides here harhoo in all honesty. Look at what LC and his merry men get paid - even when you factor in the 40% pay cut. I think headroom is coming for more cash via some method than those shareholders were willing to risk given the history....
I cant stand the man and wouldn't trust him as far as I could throw him! That will never change and I too am looking for half decent exit price to run for the hills!
HOWEVER I do agree it is nice to see some new faces here and a bit of optimism, which in all honesty, with the KAT prospects I would probably be thinking like them this is worth a punt at 0.2p - sadly my average is 2.5p and I will not be averaging down!
It does seem like they are very active at the moment on social media which is something I haven't seen before
There is some element of derisking on the LC front at KAT with their being JV partners to keep him on the straight an narrow.
My feeling is either the sensitive information is KAT related OR there was the cryptic last line in the last raise RNS about another EGM to look for some more "headroom"?
Who knows but could be something of interest this week
Think one key difference is that AVCT's test will not require a healthcare professional to take the sample / be present to supervise sample taking.
This is where any of the nasopharyngeal tests partially fall down as from what I understand, they are highly unpleasant and need someone to basically stick the swab further down your nose/throat than you would ever do yourself.
Roll up the AVCT test where you provide a saliva sample in some form - hard to get that wrong which reduces the risk of 1. A poorly taken swab 2. someone not buying the test because it requires an unpleasant process to do so.
Sona getting to this stage are promising signs for the concept but to a mass market our product will no doubt be superior (so long as it has the top notch S&S)
Think AS learned his lesson early doors here with timelines. Under promise and over deliver and boy is he doing that. What a great interview.
I agree timster we may we’ll have the update in 2 weeks with some little extras. But make no mistake he’ll deliver us something and plenty more possibilities in the interim.
Really exciting time for this company long and short term.
Hoping we see a drop off in the derampers now they can’t really argue Avct has a product - all they can say is COViD is dying out blah blah.
Just to clear this up - LSE has assumed consolidation.
Taken from the 18Jun RNS for shares issued in lieu of payments:
"Application will be made for the Contractor Shares (the "Shares") to be admitted to trading on AIM and the JSE AltX markets. Trading in the Shares is expected to commence on AIM and the JSE on or around 26 June 2020 ('Admission'). Following Admission, the Company will have 1,294,490,188 shares in issue. The foregoing figure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules."
1.29Bn shares not the 129m shown on LSE so 1.29Bn x 0.021p is £2.7m Mkt cap
MKt cap is 300k Woodster.
harhoo - the problem here is that everything LC does kills shareholder value. There is no way this company will recover its reputation to be valued by the market based on assets (unless he goes and we have an overhaul).
Mega salaries for no revenue generation
latest EGM craziness
He sold Imweru for $1m over at KAT - a GOLD asset worth probably 500x that in a strong gold market
On paper there are some assets here to warrant a much higher valuation but it is very clear the man in charge has not got a scooby doo on how deliver. Pick one project and deliver it - simple as
I don't trust LC as far as I could throw him so I am definitely on the cynical side... Here is where I see the potential issues along the way:
Pos: KAT have on paper a good economic project that could significantly increase Mkt Cap there / Neg: LC is involved and has delivered nothing historically.
If we do get a good financing deal over at KAT which with the POG moving up, works in our favour, then KIBO's 50% shareholding SHOULD add some notable value here upwards of our 250k Mkt cap!
Now here is where I see the key junction:
1. LC sells a chunk of KAT shares to give KIBO the cash it needs to pay his ridiculous salary for the forseeable and KAT becomes a nice earner for him and him only.
2. LC sells some KAT shares and uses the cash to genuinely progress projects we have "shovel ready" and generate some revenue here.
All very cloak and dagger at the moment but no doubt the attention is all on KAT!
If a 10m Mtk Cap over at KAT is reached, our shareholding is worth 5m, 20x current mkt cap here.
There is one lifeline left for this Co....KAT....as a JV there is a better chance he wont screw it up like he has here.