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Yeah this is ripe for a trade or a longer term hold, so opportunity for everyone.

Problem is there are so many crap shares, investors are just set up to react a certain way to certain bits of news whether the impact is as it seems on the face of it or not. I have no doubt with this one that it will sort itself out, because the reaction to a couple of very minor set backs has been massively over done.

this says it all really.... they might not see as much benefit in the 2019 annual results, but the outlook for 2020 and beyond is very promising.

“Demand for the company’s products remains strong and the board does not anticipate any longer term impact over and above the approximate three-month delay to the manufacturing capacity increase.”

Tissue Regenix has also received confirmation of a $0.3m grant from Universal City to support the initial phase of the build out programme on the company’s newly leased 21,000 sq ft facility in San Antonio in the US.

The statement added: “Technical staff necessary to enable the second shift in the original San Antonio facility to become operational have been recruited and are in the process of being trained.

“Monthly processing throughput has already more than doubled in the year to Q3 and these additional products are expected to become available towards the end of Q4.

“The company is working closely with its existing outsource provider, CTS, in order to increase the yield of its DermaPure product after also announcing the launch of DermaPure Non-Oriented, for use in surgical and uro-gynaecology applications, at the American Urogynecologic Society conference in Nashville in September.”

“The company is working closely with its strategic partner, ARMS Medical, on the roll-out of this product.”

John Samuel, executive chairman, of Tissue Regenix, said: “We have excellent products for which demand is exceeding our current capacity. Therefore, our current focus is ensuring we can increase our capacity to meet this significant demand.”

Worth considering the last time they did a placing it was at 10p in July 2017, which was taken up by II's and Directors and not available to the public. For a company who's demand is greater than it can supply, with some fantastic products on offer, this has some serious legs.

Can certainly see this back to 2p very quickly.

It’s dropped because of failure of loan covenants which are really a non issue in terms of liquidity. It may slow down some investment, but the key thing is they had the cash drawn down unused in the bank and could easily settle this. They have managed it poorly, they probably shouldn’t have drawn so much down so quickly.

PIs are playing on the fear of a placing because of the word recapitalisation in the last RNS. Don’t be fooled by this, recapitalisation does not necessarily mean equity issue. Drawn down on a loan is a means of capitalising the company, and if you read the RNS, it is clear by recapitalisation that they intend to satisfy the lending requirements in order to recapitalise by drawing down further on the loan.

With increasing revenues and target breakeven next year, from an excellent business, this is a great opportunity

Worth considering the last time they did a placing it was at 10p in July 2017, which was taken up by II's and Directors and not available to the public. Somehow i don't see a cut price placing at this level, when they have cash in the bank and growing revenues, with 48% of the shareholding not in public hands. Credit facility has already shown that this is easily resolvable and the increased capacity will be online soon which will help access to the second tranche, including the $5.5m they just paid back.

Just had a quick look at this....

I think the test failure on the covenants is a bit of a non issue because they had the cash in the bank to pay down some of the debt to bring capital inline. It would have a been a much bigger issue had they not been able to do this, and i think the share price has reacted as if they hadn't. It's nothing more than careless really, with the cash still sat in the bank they should have been able to manage this facility to avoid this, and i would question why they drew down that amount for it to be sat in the bank. Perhaps why the CFO has gone. There's clearly no real concern as they have made the repaid $5.5m available in tranche 2 , so the full credit facility is still available.

The delay in increased capacity is only 3 months, which in business terms is not very long at all, it's only that it pushes this into a new year it kind of artificially magnifies the impact on financials.

So looks a good opportunity here

Notifiable holding is more like 40m shares. There could be a number of holders holding 20m.

By all accounts some people at PVF have got themselves into difficulties with mortgages etc, so this screams of desperation to get their money back.
Good news for NUOG as sounds like first step to move on.

Looking to see this get moving. Good update

You won’t find evidence until they are ready for you to find evidence, but that doesn’t mean paperwork hasn’t been exchanged or agreements in principal.

You won’t find evidence that I’ve got a mortgage accepted in principal and I’ve put an offer in on a house that’s been accepted either. Quite a lot goes on between then and completion and when official records are updated and made public. Same with any business transaction.

I believe your interpretation of those points to be inaccurate:

1) where is the money - This is talking in general in general relation to ongoing projects. It should not be taken at face value with regards to the first project. I reckon finance is already to go for the first project and that the seed finance is good too.

2) where is the gas - they have been saying for some time they have a pipeline of projects and in particular 2 priority targets. I believe they very much know the first gas field and I think it will be a significant asset that once had national importance.

The conversation is general and shows their ambition to replicate the model for multiple projects. It explains why the prospect is so good and I believe the timing to be deliberate to educate pre deal rather than this being a stop gap information piece. I think the first project is a done deal and it is just a matter of timing.

i think this first project will be substantial and has overtaken other smaller projects in the pipeline. And can be a hub as described in my previous post, with incremental growth to the project.
There are some very interesting comments in the Finance Interview yesterday:

Static cash flow from a tier 1 client - counterparty you sell to
Agree revenue stream and low counterparty risk
Long term contract
Funds investing in greener energy
Risk/reward very favourable

Wait and see, you will be proved wrong. Minty's goal is to make several multi million pound deals, and they clearly have the muscle power and the finance facility to do this now. And an appropriate, effective and profitable solution to a global energy problem. If you think they are going to all this trouble to get a measly £500k by dilluting 35% at a discount to todays price, you have no understanding of what this is going to be worth. There is more to this than meets the eye.

They are doing a good job keeping this under wraps. I am very surprised that details have not got out.

I believe they have been long wanting to give the market a blockbuster RNS, and their prior use of the word transformational suggests that. They are finally on the cusp of doing this I believe

I think there is a potential that the first deal can act as a technology hub where other close linked fields could quickly follow. The key is establishing the export route and the plant infrastructure. Once the export route is established and the assets are converted, with a large enough facility built for a greater capacity that the in situ field, there is the potential for other close fields to piggy back off the infrastructure. Quite often this happens with gas export, where the export route via a gas pipeline is channelled through shared infrastructure. There could well be a hybrid world where neighbouring gas assets continue to flow their product through nearby infrastructure into a common export route. That export route with multiple assets from multiple operators could use a shared power plant and export route. NUOG have often talked about clusters or hubs.

Take a look at the energy hub page in Nu Oil's AGM presentation, and combine this with GTW. Imagine this first project to be announced is the energy hub, and there are all these other assets surrounding it. This is where things can really get interesting and projects can start to close very quickly.

I really think the significance of this will be lost on lots of investors. Once you control the hub and have an export route, the surrounding assets become much more attainable.

LT, quite right Sir. AIMs fear factor kicks in, whilst the history and lack of clarity have given us a bad reputation, this time this is with good intentions and by the 12th I have no doubt that things will become much clearer and that the share price will be much higher. It certainly has nothing to do with a dilutive placing at a discount to todays price. Remember the timelines are not 100% controlled by NUOG.

I have to say they could have put the dots closer together, or given out some king of instructions. But those that are brave enough or researched enough, there is a very good chance of making the type of return that doesn't come around very often IMO. Nothing is priced in, the fear of placing is completely driving this, this fear will be removed and the quality of the deal may catch a few out.

Look nothing is certain, but when you have an offering that is attractive to all stakeholders, the probability is greatly increased. I believe a lot of past failures have been due to greed and over ambition. Had they got one deal away on less favourable terms they could have been more aggressive with subsequent deals once the concept and their ability is proven.

The GTW offering is very different. All across the stakeholder spectrum it is much easier to manage expectation, and ensure that as well as producing something valuable to MFDevCo, the other stakeholders are incentivised.

By nature of what they are trying to achieve they are often dealing with companies that have some financial difficulties, for example Dommo, when the initial design of the deal was put to the table, they were negotiating with people they would effectively be screwing out of jobs and equity. Even with GHs, i believe we could have move forward had we been more equitable, rather than trying to drive the hardest bargain. Fact is we don’t have a position to drive a bargain that hard. They would be years ahead of where they are now if they were going into opportunities with a more equitable negotiation strategy.

With the GTW offering they are even able to negotiate with a different category of asset owner. Companies that have problematic late life assets that need a solution. And MFDevCo have a very attractive and impressive solution, and it will attract interest from a number of asset owners. The whole mechanics of whole they will structure a deal are very different to anything else they have tried to achieve. Maybe Petrofac didn't want to be another Aker or Aibel and waited for something more concrete before agreeing to a collaboration. There is funding available for new tech in energy, and there are assets available. MFDevCo just have to connect the money to the asset with the GTW solution.

OK so a couple of things here:

1) Project wise do not worry at all. Petrofac should be seen as a buy signal. This has been in the wings for some time, the formalisation is precedent to closing the first deal. They have some good assets that they are negotiating on. I am not exactly sure which asset will be the first project, but the priority order can change, but there will be a continued uptake of projects of differing sizes and values. I am hoping the first one is the one that will have highest impact and will be easiest and quickest to progress. In terms of timing, this has to come by the EGM, well actually it is likely to be before 10th July when the proxy forms are due. The timing of these two bits of news I am certain are driven by the closing of the first deal. The bigger the gap between the next RNS and the EGM the better, so I do not expect it to be last minute.

2) Look, from a share price point of view it's a complete car crash. But the survivors will go on to complete their journey and will enjoy the ride. Lots of mistakes have been made and nothing has favoured shareholders to date. But I have a great deal of confidence that is about to change. There are a lot of parties involved and its a very complex process. In terms of money in the bank for salaries and other working capital, it is still true that working capital requirements will be reduced with MFDevCo funding. What happens next may depend on how well received the deal is. Read the RNS point about being attractive to investors. They will have money being offered up on a material rise, and the question will be is there a price and an amount of money that makes sense to fund the company. But, I think you should not be fearful of a placing, if a placing is coming it means a project has been delivered and the value is increasing.

Buyers, don’t waste any more time you will pay more. Already missed the bottom. Lots of room for growth down here

WOBWAT - It will get many 100s of % in my opinion. I believe everyone will be in profit when the deal lands. We will see the recent high of 1.8 eclipsed. That's £25m MCAP. This should go beyond that. One of the benefits of the structure is the SPV keeps the debt off our books. MFDevCo upfront payment will be transformational in itself. Bringing lump sum payments into MFDevCo along with regular income without balance sheet debt can provide for working capital for some time, but can also unlock doors for direct finance in MFDevCo which will make other targets much easier to fund and offer a competitive profitable solution.

SEAMONKEYS - I am as confident as I could be. There is a time constraint on finalising a deal, and it is in all parties interests to get the deal done. Nobody loses out on this deal. Siemens is very important.