Member Info for lofas

AM & SH still retain circa 100m each. That in value can rang between £10m to £30m.
We expect them to work day & night to secure a deal.
We also expect the talented workforce to do something for their pay check. Unfortunately we can only speculate.

Surprised you have just found out.

Undoubtably, raising additional funds provide bod more flexibility while negotiating is in progress. Let’s hope it’s wisely used.

Agreed. Prudent Burning (cash) rate is estimated to be around £1m/per month. Keeping Highly qualified workforce on payroll (65 to 85) is draining.

Thanks MrH.

We remember the comment regarding Meridian short position. It is unlikely that share prices is being suppressed as it is unlikely we will observe a significant move from current level. Sell is the likely way forward. For that MVR needs to present what the product can do, keep the recorded inventory and most important keep the most valuable workforce on the payroll. Non were put on furlough at a substantial cost. All points to one direction.

That seems to be the most sensible outcome. We need to figure what will bill the price of exchange.

MrH, indeed. It appears the there is no intention from Bod to make this a viable business. They have taken it to a point where it’s ready for another entity to step in.
There’s was no intention from Bod to engage in any dialog with enthusiastic SH. All pointed to exit plan. Are you still confident it could be at top thirties?

So basically the same cr.p that AM Is feeding us with a spoon over the last 3 years.

“AM and SH are milking this for themselves no question”
100%. What they managed to do is to print more share and relinquish their holding at 16p , 8p and ~4p
In other words milking the company at the expense of the SH.

Without any major news, the price will remain around NEXT price tag ~ 5 - 5.5p

@5.5p, that equates to $100m, NEXT price tag, BODwill deposit around £5m. Worse case scenario if AM keeps all plans in the safe.

Pudd, what about the FB concert. How do we interpret this news? FB have VR capabilities ?

3years ago when LTH placed their initial investment, MVR had 32 employees. I think the current head count is 85, Judging by Linkedin most key folks have very impressive CV. AM managed to gather a very proficient team and for that we must congratulate him. They must be very busy as far as we can speculate, non are on furlough. Very good news must be around the corner.

Unfortunately there is a massive gap between what AM says he will do and what actually happens.

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MrH, as always thanks for your feedback. Hope for a nice weekend and great week to follow.

MrH, I recall your valuation from 18month or so ago... it was 40p.

Opti is negative as he uses that to stimulate debate...his holdings probably ranks amongst the top 3 of all LTH.

Opt...You must be a very short person. It is clear that your head is not far from your arse.