Member Info for Joe666

Extract from: foodbusinessnews.net
Food Entrepreneur: Funding in a financial crisis

“Investors have seen the market opportunity and are moving to capitalize on a global shift in the way meat is produced,” said Caroline Bushnell, associate director of corporate engagement for The Good Food Institute. “This record-level investment will bolster the industry and support continued growth and innovation for the long term, ensuring that alternative protein companies have the resources to grow and thrive, particularly during times of short-term market volatility.”

Rebellyous Foods, Seattle, maker of plant-based chicken-style nuggets, raised $6 million in Series A funding in late March. The money will support expanded production, said Christie Lagally, founder and CEO.

“We closed our Series A on March 31, so it was close to the beginning of the shutdown,” she said. “However, Rebellyous was successful because our investors truly understood both the potential of the plant-based meat market as well as Rebellyous’ solutions to use production technology to bring the cost down so these products are available for everyone.

Full article: https://www.foodbusinessnews.net/articles/16298-food-entrepreneur-funding-in-a-financial-crisis

https://agfundernews.com/integriculture-and-shiok-meats-partner-to-ramp-up-cell-based-seafood-production.html

IntegriCulture and Shiok Meats partner to ramp up cell-based seafood production

Two of Asia’s highest-funded alt-protein startups have joined forces to bring cell-based seafood to the masses.

Japan’s IntegriCulture and Singapore’s Shiok Meats have signed a collaboration agreement which will see them scale up production of the latter’s flagship product: cultured shrimp meat.

[Disclosure: IntegriCulture has received investment from AgFunder, which is AFN‘s parent company.]

Together, the two companies will develop inexpensive cultured serum for growing shrimp meat in the lab. This will negate the need for Shiok Meats to buy pricy growth serum or growth factors in relatively large quantities from third parties, IntegriCulture co-founder and CEO Yuki Hanyu tells AFN.

To achieve these objectives, Shiok Meats will be leveraging two of IntegriCulture’s technologies.

https://www.bluenalu.com/bluenalu-signs-mou-with-pulmuone-announces-partnership

BlueNalu Signs MOU with Pulmuone, Announces Partnership Bringing Cell-Based Seafood to South Korea — BlueNalu, Inc.

BlueNalu Signs MOU with Pulmuone, Announces Partnership Bringing Cell-Based Seafood to South Korea
Agreement accelerates BlueNalu’s introduction to the Asian marketplace

On my watchlist, going to wait for dust to settle before buying, oh and that spread needs to narrow too.

https://podcasts.google.com/feed/aHR0cHM6Ly9pbnZlc3RsaWtldGhlYmVzdC5saWJzeW4uY29tL3Jzcw/episode/M2I5ZDllZjMtZDI5Ni00ZGE0LWE1MWEtMGI1MWFiOThmN2Rl?hl=en-GB&ved=2ahUKEwin0PTJrr3qAhWASxUIHYB2ACoQjrkEegQICxAE&ep=6

Jeremy Grantham – An Uncertain Crisis - [Invest Like the Best, EP.177]

I found this a great listen with some really interesting views on commodity investing, particularly rare earth minerals. Apologies if it's been posted here before, it's a month old but still very relevant.

oilbit, I'd agree that KEFI won't be another GGP but the fact is it doesn't need to be for us holders to profit. They are at £445m Mcap 28 times our £16m - KEFI could 6 -bag from here and still be under £100m Mcap. Now is the time to invest, once the funding is in place and the chunky buying starts you can kiss goodbye to 1p.

I spent 2 years waiting for lift-off with GGP. Some dark days watching the SP drift with every false start and wondering if I'd got very wrong. Stayed patient though and am now reaping the rewards, 6-bagger so far with more to come hopefully. I'm perhaps less optimistic here as Harry can come across as disingenuous sometimes, but patience is key when investing in micro-caps. This week feels like a turning point.

They will almost certainly raise and dilute but the cash will mostly be used to grow the portfolio so it's to our advantage.

Papeter, there is no offer. We are staying on AIM which is fantastic news. The possibility of going private brought into focus what a great opportunity we have here. Don’t sweat the short term ups and downs just accumulate and hold. We are living in historically significant times - change is everywhere.

Permission to shout huzzah

Just bought 55,555 more of these. My thinking is every NO vote counts but if the BoD get their way then I still get 6p per share so hard to find a downside.

faramog, I went to the St Peter’s brewery once, fantastic old buildings in middle of nowhere Suffolk. Best thing was they sold cases of mis-labelled beer at bargain prices, mmmm.

kd82 50/50 split GDR/BMN and the hair will grow back in no time!

Seems like plenty of people losing grip with reality after 3 months of lockdown, maybe he’s one of them. Has he done is sums correctly? Let’s be honest some of his Master Investor tips are well underwater now, ok, not many predicted the pandemic, but it goes to show even Charlie Big Potatoes can get it wrong sometimes.

This is far from over, it only needs 25%+ to vote NO and the BoD will have to reconsider their plan.

Recommended Pesto, individually we are weak but together we are strong.

Vote NO

Jim is clearly not an idiot but even the cleverest people make mistakes. He may have underestimated the strong feelings that PIs about this sector and how tightly they want to keep hold of their shares in an open market. It doesn’t have to be AIM but we do need to be able to buy and sell when we want and hold in SIPPs and ISAs.

Did the BoD explorer a duel-listing in another market such as USA? Why is private equity the only option? Why have the best interests and rights of PIs been brushed aside so carelessly?

Spot on Rosewall, the company or it's associates will be delighted to pick up anything they can under 6p now, it saves them money and gives them extra votes.

https://uk.practicallaw.thomsonreuters.com/4-519-6877?transitionType=Default&contextData=(sc.Default)&firstPage=true&bhcp=1

I’ve not read it all yet but it looks very relevant to our situation. This jumped out:

‘Public companies are more regulated than private companies. Therefore, a public-to-private transaction is used to reduce the regulatory requirements and, at the same time, the costs relating to disclosure, compliance and investor relations. Fewer regulatory requirements leave the management with more time to concentrate on running and developing the business.’

Vote NO to protect your rights.

The RNS has raised more questions than it has answered. I hope that my pessimism is proved wrong but I'm mentally preparing for a poor outcome for me and other small shareholders. JM is a shrewd and ruthless man and I suspect he is just acting on well thought out plan which squeezes us out and lets in some big hitters on the cheap. The consultation is merely a legal formality. The 75% seems like a high bar but it seems implausible that the BoD would start this process without confidence of eventually getting their way. I don't think the BoD will give up if they lose the vote, I'm sure there's a 'plan B' ready to go. The implicit threat will be take the 6p or risk losing more when the gloves come off.