Member Info for Kingalf

I personally feel the biggest danger here is that their Russian assets will be seized. Won't matter how many billions of gold reserves they have.
It's definitely worth a punt, but not before the share price reflects the above scenario.

If you’ve held out until now, it’s probably pointless selling out at this stage.
Only saving grace is that $10 million dollars due in a few years, mind you, it would be more cost effective to buy out the company then pay out at this stage.
Still, we now have a very expensive top heavy board eating their way through the cash reserve, but if they can prove their worth and find a few more Kights it might be money well spent.
Bound to be a bounce up soon

Without wishing to repeat myself
"I'm not saying it's a tax avoidance scheme, his tax advisors are working within the rules"

I'm not saying it's a tax avoidance scheme, his tax advisors are working within the rules.
Unless Kight is intending to make an outright offer for the business and then use it as a shell for his own activities, I can't see any other reason apart from the tax angle as to why he would invest such a large amount of money in this company. Without wishing to repeat myself, the board members would be hovering these up if they really believed in their product. It's either a takeover or part of a tax scheme. If it is an outright punt, the guy seriously needs to change his advisors.

baf3 think about it, you have a whole industry out there looking at ways to mitigate your tax liabilities through complex legal tax avoidance schemes, therefore it may not be EIS scheme itself, but a similar one.
Anyone thinking kight is buying for any other reason is clearly deluded.
Another certainty is that someone has managed to buy over 10% of the company and the shares are still going down, where would they be if Kight hadn't invested???

ontarget - please apply some basic logic, its definitely some kind of tax scheme where he can offset his investment against current and future tax liabilities. There is absolutely no other reason why he would build such a large position in a very high risk company especially in an area where he has no experience. Think about it, the members of the board won't touch the shares with a barge pole, are we really expected to believe that a complete outsider has some kind of inside track on this company.

Silverknight - kight has invested under something similar to Enterprise Investment Scheme, which allows him to offset current tax liabilities and minimise potential capital on his holdings. Maximum amount they can do is £2 million which I think he has now reached.All we need now is a couple more kights to come out of the woodwork to absorb more of the free float and we should eventually get a solid base on these.

Isn't that an annual General meeting, I seem to recall they didn't take any questions the last time.
I'm thinking Kight is done with his buying, got to around the maximum permissible amount (£2 million) he can use within his tax scheme.
Now over to the directors to step in.

These interviews are so scripted, the 2 questions she should have asked were, if you feel so confident, why haven't you invested directly yourself and secondly, any views on this new investor who has built a 11% plus holding in your company.

"Ramping up staff has produced huge benefits"
I take it that he means staff pockets, it certainly hasn't benefited the shareholders.
It's like a season finali of a never ending series, gives you enough to come back and watch the next series, but we all secretly know it will be same old story line going forward.

If the share price keeps dropping, it will be more cost effective for Juvenescence to buyout the company then pay any future royalties.

Seems to have hit a support line stretching back to March 2020. Clearly the seller wasn't happy that they've blown a load of cash revamping their website.

Not sure if he has already reached it, but I suspect he will be investing a total of £2 million.
Evgen does fall under a knowledge-intensive company.

EIS Investments
When you invest in young, small companies that qualify for the Enterprise Investment Scheme (EIS) you could generate significant returns if the company prospers.

But that’s far from certain. Investing in this kind of business is risky and many will fail. Therefore, to encourage investment and to temper some of the risk, the government offers generous EIS tax reliefs:

Save up to 30% on your income tax bill – up to £300,000 per year (or £600,000 when investing in knowledge-intensive companies)
Very generous allowance – up to £1 million (or £2 million if anything above £1 million is invested in knowledge-intensive companies)
Enjoy tax-free growth
Defer capital gains from other investments – potentially indefinitely
Offset any future losses against your income, so you save income tax
Pass on your investment free of IHT

No, not at 5.5p, big resistance at 5.71p.
As I said, I'm indifferent to the product, the bods not having any skin in the game says a lot.
What is of interest is that the free float is very illiquid, throw in the fact that you have a major shareholder holder hovering up shares at around 5p and you have all the conditions IMHO for a half decent bounce.

I thought I would summarise the major shareholders in the company.
As most on here are fully aware I'm indifferent to the underlying product, what is getting me excited is that we now have a major shareholder hovering up shares at around 5p which is providing a floor. His actions are reducing the share float, which is creating an artificial opposite to a share dilution.
With the reduced number of shares it really wouldn't take much for these to hit double figures again.

J. R. Kight 30,500,000 11.1%
AXA Framlington 23,848,884 8.7%
Octopus Investments 21,875,000 8.0%
SPARK Impact 16,186,446 5.9%
Seneca Investment Managers 14,932,071 5.4%
Chelverton Asset Management 12,500,000 4.5%
RAB Capital 8,750,000 3.2%
Newlands Capital 8,314,815 3.0%

I think we're due a small bounce, but don't get too excited.

Can see this drifting back down to around 45p before a move back up to fill the 49p gap and onwards to around 52p.

Short term I'm still expecting the gap to be filled at 49p but the 48p resistance is a right stickler.
Keeps touching it and then moving back down to 45p / 44p range.

Having reviewed the latest set of accounts the following caught my attention
"The Directors estimate that the cash and cash equivalents including short-term investments and cash on deposit, held by the Group together with known receivables will be sufficient to support the current level of activities into the third quarter of calendar year 2023. They have therefore prepared the financial statements on a going concern basis"
If they don't pull their finger out soon, there will be a further dilution in around 15 months.
Probably why the board don't own any shares apart from the freebies.
Still, jobs for the boys / girls is clearly evident here, it's like they've employed formula one mechanics to service an Austin Allegro.

Gap to 0.491p needs to be filled.
Could driftca little lower in the meantime but eventually will be filled IMHO.