Member Info for Mekas

Was also sad to hear that they are going to 3rd party all the QA. Its the reason why I work QA in scientific instruments and not something "fun" like games, because rather than correct a history of treating them badly they are just outsourcing the issue.

I agree that progress has been slower than I would have liked. I think their products unfortunately are more related to the sort of procedures that would be put on hold over covid. I did sell half when it last went around 2.5p

I'm reasonably confident that this should start growing now and seeing some success. The board addition from TRX should help (they are progressing well, and if SUN is following their lead should see improvement). I'll be very disappointed if this company doesn't become profitable next year.

If it goes below a penny, I'll be tempted to buy more. I see this improving over next 6-12 months - as long as nothing too bad happens obviously.

I can understand that, I dumped some a little earlier incase sale fell through and share price when down.

Just waiting for ex dividend date and then if I can get over 70p at the time I'll dump more.

I will miss the monthly dividend, I did look into Realty, but as a UK investor thats a non starter really.

Its finally happened. Could be worse, but a little underwelming. At least its not a no sale RNS and a massive drop in share price.

Yeah very poor share. Can’t bring myself to buy more to average down

This company needs to speak to Jonathan Glenn about TRXs 4s strategy, although I'm sure they are working on all of those goals. Don't expect this to go much lower and think with some positive news should go 2p+ again, just might be waiting till 2024

Reminds me when I started in this share, and he said 2p was undervalued!

Speaking as someone who has mostly sold out today, no.

Company need to raise money

Gb not to be trusted

With Deepverge managed to either run a successful company into the ground or invent a successful company using smoke and mirrors. 100% overstating, dodgy share trading, terrible loan. With Microsaic we are again wondering what the result will be after it’s audited.

I took the hint with one of the big players selling out yesterday. I’ve kept a million shares, and I’m already regretting that.

My guess with GB at the helm is suspension, last thing on Friday rns. But I could be wrong.

Could they merge with Warehouse REIT? Feel like they would both be stronger merged and have similar backgrounds.

Both are currently paying out more dividends than earnings.

They made it sound like they are going to announce plan in Q3.

With the share trading 20p less than NAV I’m hoping that whatever happens it results in a gain from where we are now.

No it feels like a write off at this point. Wouldn't be surprised if Mode just folds completely.

I was looking at QFD monitors the other day, and they seem really nice, but also very pricey.

It seems to me that not every manufacturer has a QFD solutions, and that the market place could do with some competition.

I think we would all be a lot happier if Nanoco managed to sort out actually producing something in partnership with a suitable company. I'd have a lot more faith in the company if it seemed it was doing something to earn some business revenue

I was just reminding myself of the history of Truspine investments - I'd almost forgotten the whole debacle when they announced Vela were buying more shares at the surprise of the directors. And then they went ahead with it anyway. Not even a year ago. Between the multiple investments in them and mode, there have been some pretty bad picks.

SGS I can forgive - it may still pay off although the timescales VS amount risked seems a bit high. No idea what BS Truspine said, but MODE seemed to be an obviously awful investment, Another competitor in a crowded marketplace, with a high failure rate, No USP, no compelling reason for users to join.

Anyway i'm sure the next quarterly update will be a fun read, hopefully the not awful investments will carry the weight.

I struggle to see a scenario where the results of the audit result in postive news.

I feel the best I can hope for is some downward adjustment of figures and the price staying flat.

I feel like we will get weak excuses and a lower SP. I hope not but with what happened at Deepverge i'm leaning towards pessimism. Which is a shame because I'd like to see this company succeed. I work for a MassSpec business myself and there is good money to be made, it fustrates me that this company isn't making (real) millions yet.

Well not happy about this one, every single time I top up this share it drops.

I think the solution is for me to not buy anymore of it. Every time I think it can't get any dodgier it spectacularly proves me wrong. Hopefully the company can turn this around, however I had thought that we had already reached the bottom of the barrel and clearly we have/had not.

Dont worry though, I'm sure we could get a great deal on a 10 mill bridging loan!!!!

Yeah I really like this share for the monthly dividend. Would be sad to lose that.

Nothing - It just recovering from dropping even lower than it was.

Personally I can see why management would keep a low profile. There has still not been a decent explanation at how they thought the loan was a good idea, and then months(weeks?) later realise what was obvious from the start, that it was a terrible deal and didn't really help the company at all. I mean what could the explanation be? That they are financially illiterate? That they were high? GB got drunk and months later the post turned up with a deal he didn't remember signing??? To be that financially illiterate has got us where we are today and that's what we can see and know about. Until this company actually can show that it is profitable and successful it will retain these red flags and current price.

Also thanks for the info. Buying at this price is better than the 145 I paid for it 6 months ago.

I cut my loses on this one, as something feels weird. Its tricky because I think it could easily rebound, but on the other hand, also think it could get worse.

Remember when owners have a large amount of holdings it can also allow them to take the company private, either at low price, delisting and also administration. Now I don't think it looks like this is the case here, but had this happen with TALK TALK (loss when took private), KOOVS (complete wipeout), Deepmatter (Diluted into oblivion then delisting)

Anyway they do look profitable, growing and potentially a recovery stock, so maybe they will be the next ARM. Will keep an eye on how this does (although knowing my luck as detailed above, its probably heading to 150+ now!)

GL

Well: looks like yesterday was the wrong day to half my holding :(

GLA