Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
I'd be over the moon just to come out flat at this stage. But a hammer seems to have formed on the candle sticks today which is bullish. I know I'm being over optimistic but there is a gap at 56p stretching back to July 2021 that needs filling.
Still it feels like a rally could happen, who knows they may come out with positive news tomorrow and the CEO sins will all be forgiven. Then again
Does it really matter 404, we are only talking about 30k worth of shares. Focus on the bigger picture, the bods own around 12.9% of the company which in my eyes speaks volumes.
At least they have skin in the game compared to other AIM directors. Patience my friend, this will come good in the end.
In summary it's a massive opportunity for OBD's new technology, they just need to pull their finger out so that their salaries correspond to the value they give to their shareholders.
What can be done to cut inflation? That is a question haunting central bankers right now, given the “disappointing” trajectory of consumer price data in America, among other places.
It is also worrying politicians such as US President Joe Biden, against a backdrop of a high level of voter discontent about the economy. Investors are uneasy too. This week the gold price hit record highs, amid a search for inflation hedges.
This is, in turn, prompting some classic policy responses: on the one hand, the Federal Reserve is pledging to keep rates high to curb demand; on the other, Biden is lashing out against big business for alleged “price gouging” and/or deceptive practices such as “shrinkflation”, or selling fewer goods for the same price.
Cue a recent bizarre spat about the size of a Snickers bar. Biden suggested in his State of the Union speech that these have shrunk; Mars, the maker of Snickers, denies that.
This war of words makes for colourful debate. But as the Fed’s headache deepens, there is a far better way to frame the issue — by invoking what economists call “shrouding”. The term refers to the way prices are presented to, and concealed from, consumers, and has been widely studied by behavioural economists.
Back in the 1980s, for example, the late Daniel Kahneman worked with Amos Tversky to explore “price partitioning”, or how companies sometimes price products in multiple steps, making it hard for consumers to evaluate costs in a “rational” manner.
Hotel rooms are one example from the service sector: a low initial charge might carry subsequent high additional fees. Printers are another: a cheap printing device might require expensive ink cartridges, the cost of which are not readily visible upfront. Shipping costs are yet another example.
A cynic might shrug at this, and argue that it is just sensible behaviour on the part of profit-seeking companies. Maybe so. Consultants such as Deloitte have offered advice to their clients in recent years about how far companies can use shrouding to raise margins, without sparking a consumer backlash. But the mere fact that shrouding still exists in 2024, four decades after Kahneman and others began studying it, underscores three important points.
First, business competition does not always deliver true efficiency; markets can fail. Second, this market failure arises because consumers are not the all-knowing rational agents that they appear in economic models. They have cognitive biases that lead them to make poor choices and leave them ill-equipped to make judgments about inflation.
And third, digitisation alone does not magically fix these competition problems. Yes, it can create more price transparency in some arenas, such as airline tickets.
You're probably all aware of this already, but for those who aren't
109,552,235 new shares were issued raising approximately £9,859,700
Previous share issue stood at 202,303,415 and now following a 54.1% dilution we have 311,855,650 shares in issue.
The bods own 40,294,075 representing 12.92% of the company.
Dsflat - I was a little confused with your comment, the cash runway was previously end of 2024, how have you now got to 2026. Please correct me if I'm wrong but aren't they spending all the funds raised on the acquisition.
You should all look on this as a positive, it could have been so much more and really diluted existing shareholders plus they can now say they have a 1 year runway. Let's just hope the bods finally contribute, it would be truly shocking if they again remained on the sidelines.
MrHope - I can see how you have come to your conclusion. In addition it will be interesting to see how much the bods participated in this latest fund raise. Heavy involvement would certainly steady the ship and should give us all encouragement that they truly believe in the potential of our product.
Dusty - I have decided that I've invested enough and will not chase this further. If this does realise a small percentage of its potential I'll be more than quids in, even at my current break even level.
What will be very interesting is how much new money the bods will be adding.
In addition, Vulpes Investment Management (which is controlled by Non-Executive Director Stephen Diggle), has indicated an intention to participate in the Fundraising.
If the bods are happy to participate I'm sure things aren't as dire as some on here are alluding to. Will be interesting to see how much of their own money they'll pump in, less £133k that's been announced. At least the uncertainty of a fund raise is out of the way.
Let's not get too pessimistic, I'm fully on board with the excess headcount but I strongly feel that the radio silence is down to the bods working on a deal in the background. Either way we'll know the outcome in the next few months. Like the majority on here, I'm down and in my head I have written off the investment but this could literally turn
around over night. I'm staying put
Part of the reason it has dropped so much is that punters went over the top on their position, unless the results were stellar this drop was inevitable. Nothing has really changed, they still have a great product. Patience is now required.
Jiffy - I share your concerns but I'm giving the bods the benefit of the doubt and sticking to my theory that they are working on a deal in the background hence the silence. Time will tell and if nothing does materialises it will then be a major concern as to why the bulk of any fund raise is going towards paying salaries for family, friends and ex colleagues.
I can see this closing the gap at 10.5p and may as well add more when it gets to it.
All this radio silence and no bod activity when it comes to buying or selling shares reinforces my view that they are working on a deal in the background. Time will surly tell.
dug - i'm no expert and could well be completely wrong, urine does pass through the prostate via the urethra a thin tube through which urine flows from the bladder and out of the *****, and therefore has no direct contact with the prostate. i would be more convinced if they were analysing seminal fluid that the prostate does produce to produce their results.
Jiffy - Definitely a concern, but really not uncommon in this sector. Let's see what materialises in the next month or so before judging wheather they are offering shareholders value for money. Monotising the product which is what they alluded to last month is the golden goose for me and will eliminate the need to raise more funds and with the right partner could upscale this massively with all the benefits that will bring.