Member Info for MickJ76

Zambo not re-elected lol.

Well watched the AGM which was farcical and probably worst ever. AZ bumbling away and any direct questions not being answered fully (relevant to the points raised). The £80m valuation of (AZs assets) was as expected body swerved. Incidentally, no mention of AZs involvement with SFE EI during the pitiful performance from all board members.

Update on key asset: 1AF2 Bond Sale and Settlement Financial Instruments

In December 2024 the Group announced that it had entered into a binding agreement to sell its holding in the 1AF2 Bond to SFE Equity Investments SARL ("SFE EI") for an agreed price of EUR40 million (Settlement Price). SFE EI is a Luxembourg based securitisation entity specialising in investments in public companies and listed instruments. SFE EI is part of Societe Financiere Europeene SA, a finance organisation that comprises a diversified group of European investors ("SFE Group"). This was settled in listed financial instruments which can be liquidated over time (the Settlement Financial Instruments). The Settlement Financial Instruments are carried at acquisition cost in the accounts. The receipt of the Settlement Price is also supported by a corporate guarantee from SFE which is under pinned by the intrinsic value of its future discounted cashflows. The Settlement Price is further secured by securities and other assets originally pledged as collateral for the 1AF2 Bond from The Avantgarde Group.

The Directors have reviewed the fair value of the Settlement Financial Instruments held by the Company and, following due consideration, have concluded that it remains appropriate to carry these instruments at their acquisition cost. This assessment is based on a combination of contractual, financial, and strategic factors that provide a reasonable level of confidence in full recovery of the Settlement Price through sale or repayment.

These instruments were acquired in exchange for legacy debt holdings (the 1AF2 Ltd bond) pursuant to a binding transaction with a third-party financial group, as reported in the Company's RNS of 6 December 2024. The transaction established a fixed principal value under a legally enforceable agreement and is further supported by a corporate guarantee and security package that remains in place until the full value is realised.

The Directors have further considered the security arrangements and subordination structure attached to these instruments. The Company holds a senior claim, benefitting from priority repayment rights ahead of other junior stakeholders in these instruments. The overall security includes guarantees, listed equities, and other financial assets whose combined indicative value exceeds the Settlement Price. In addition, the Company has received an independent third-party valuation confirming that the counterparty to the transaction agreements is valued at more than twice the €40 million Settlement Price. These factors provide meaningful downside protection even under adverse scenari

The Company is pleased to confirm that this final amount of US$2,198,000 was received from BURU on 17 October 2025. As at the date of this announcement, the full amount of US$5,150,000 due under the Amended On-Demand Facility.

· The repayment of the New On-Demand Facility is, subject to the receipt of certain Approvals (as defined below), expected to be via on demand conversion(s) into ordinary shares of the Company at the request of BURU at a fixed conversion rate of £0.00003 per ordinary share to be issued.

· At the point of any conversion of the New On-Demand Facility, BURU, will receive warrants over the ordinary shares of the Company at a ratio of 1 warrant for every 2 ordinary shares issued to BURU as a result of each conversion.

· The warrants have an exercise price of £0.000039, however BURU can elect to exercise the warrants on a cashless basis.

· In order for the Company to be able to issue the new ordinary shares that will be required under the New On-Demand Facility, a number of approvals will be required from the shareholders of the Company, the Financial Conduct Authority (the "FCA") and The Panel on Takeovers and Mergers (together, the "Approvals")

Only reason he’s having the AGM is to approve the billions of shares to be issued to himself (AGAIN) to flog through the market.

Peaky, I’ll be on holiday enjoying myself rather than wasting money and time attending an AGM to be lied to again. To be fair his performances previously have been fabulous so let’s hope for even more garbage being spouted from the little Torino Pinocchio.

peaky, are you now az’s little ***** ? he’s a proven liar and coincidence that he mentioned tekne after all these years (a company in financial trouble) which syme was not going to touch lol. funny riccebuono’s dad was their boss and the son is now az’s sidekick (well there’s a lot more we know about this dynamic duo.

Pretty damning financial report isn’t it. Basically advising exactly what him and his cronies have been up to.

Creating and flogging shares ! Sounds familiar ?

And this lol

During the three months ended September 30, 2025 and 2024, the Company recognized no revenue that was included in the contract liabilities balance at the beginning of the reporting period. During the nine months ended September 30, 2025 and 2024, the Company recognized nil and $30,400 of revenue, respectively, that was included in the contract liabilities balance at the beginning of the reporting period.

Have you lot see the most recent Nuburu 10Q ?

Going Concern and Liquidity

The Company is an emerging growth company that has not yet achieved full commercialization and is expected to incur losses until it does.

From inception through September 30, 2025, the Company has incurred operating losses and negative cash flows from operating activities. For the nine months ended September 30, 2025 and 2024, the Company has incurred operating losses, including net losses of $51,257,996 and $22,689,705, respectively, and the Company has an accumulated deficit of $172,666,551 as of September 30, 2025. The operating loss for the nine months ended September 30, 2025 included $10,398,050 of non-cash interest expense recognized on remeasurement of the preferred stock liability. For additional information on this interest expense, see Note 9. The Company expects to continue executing its comprehensive growth and diversification strategy, expanding into complementary domains such as defense-tech, security, and operational resilience solutions. The Company anticipates that it will incur net losses for the foreseeable future and, even if it increases its revenue, there is no guarantee that it will ever become profitable. All of the aforementioned factors raise substantial doubt about the Company's ability to continue as a going concern.

Until the Company can generate sufficient revenue, it plans to finance its business with the proceeds from the issuance and sale of debt or equity securities and borrowings under credit facilities, including sales pursuant to its SEPA with the SEPA Investor, each defined and further described in Note 11. The Company plans to rely on proceeds received from using the SEPA to the extent permitted under the terms of the Offering, as defined in Note 9. There is no assurance that management's plans to obtain additional debt or equity financing or credit facilities will be successfully implemented or implemented on terms favorable to the Company.

Item 1A. Risk Factors.

The following risk factors supplement the risk factors disclosed in our Annual Report on Form 10-K for the year ended December 31, 2024, as amended (the “Amended Form 10-K”). If any of the risks discussed in this Item 1A or in our Amended Form 10-K, are realized, our business, financial condition, results of operations and prospects could be materially and adversely affected. Defined terms used herein and not otherwise defined are as defined in Part I, Item 1 of this Quarterly Report.

There is no guarantee that our acquisitions of interests in Tekne, SYME or Orbit will close.

The Company has executed the Tekne Letter, pursuant to which it intends to acquire a controlling interest in Tekne. The Company is currently negotiating definitive agreements relating to the Tekne acquisition and the Tekne acquisition requires, among other things, approvals by the Italian government and approval of the Company’s stockholders prior to closing. There can be

The agreement between Wood Group and Sidara contains a provision that allows Sidara to increase its offer price if a third party makes a bid for Wood. This effectively implies that Wood retains the ability to consider other, higher bids, as a new offer would nullify Sidara's "final" price declaration.

The UK Takeover Code (specifically Rule 2.5(a)(ii)) allows a bidder to reserve the right to increase a "final" offer price if a competing third-party offer is announced. This mechanism ensures that a company's board can entertain other offers if they believe it is in the best interest of the shareholders, effectively providing a form of "termination right" in the context of accepting a superior proposal.

While unlikely, here are conditions under which a rival still might attempt a bid:

If the Sidara deal hasn’t yet closed, and the agreement contains a “breaker” or termination right allowing Wood to consider other bids (less common once you’re at this stage).

If the Sidara deal fails for some reason — e.g., regulatory approval is refused, financing falls through, due diligence finds issues — then the door opens again for rival bidders.

A rival could attempt a hostile bid, but this is extremely difficult under the UK Takeover Code once an agreed bid with board support is advanced.

A significantly better offer (both in price and terms) might tempt Wood’s board to reopen the process — but that becomes very rare at the late stage.

Sickening seeing what these barstewards can do to companies. Should be illegal.

Get the impression they have held this at 0.22 to let the shorters escape.

Notices convening the Court Meeting and General Meeting to be held at Sir Ian Wood House, Hareness Road, Altens Industrial Estate, Aberdeen, AB12 3LE, United Kingdom at 10.30 a.m. and 10.45 a.m. (or as soon thereafter as the Court Meeting concludes or is adjourned) on 12 November 2025, respectively, are set out in the Scheme Document.

Any changes to the arrangements for the Court Meeting and the General Meeting will be communicated to Wood Shareholders before the relevant Meeting, through Wood's website https://www.woodplc.com/investors and by announcement through a Regulatory Information Service.

Further, the Wood Directors consider that there are significant benefits in proceeding with a Rule 2.7 announcement which contains the Exceptional Conditions as it allows Wood access to some immediate liquidity and, in addition, enables the fastest possible timetable to the Wood Meetings and receipt of the initial $250 million cash injection from Sidara (described above).

Therefore, the Wood Directors intend to recommend unanimously that Wood Shareholders vote in favour of the Scheme at the Court Meeting and the Resolutions to be proposed at the General Meeting. Further details of the Wood Board's recommendation are set out below.

Sidara has received support for the Acquisition from the Wood Directors in respect of their own legal and beneficial shareholdings, currently representing 0.209 per cent. of Wood's share capital, in the form of irrevocable undertakings. Further details are set out below.

I bet they received support for the low ball offer. Makes you wonder doesn’t it lol.

Blurb. It should say.

It won’t let you copy the blur NPV from the scheme of arrangement. However it’s likely to be a stitch up in favour of the offerer.

Surin, well said mate. I would anticipate massive repercussions for certain parties who have caused this share price destruction.

Outright NO ! Certainly isn’t fun for most.

This has got the hall marks of a raise RNS coming as no way thi should have been dropped back like this unless Sid’s pals trying to short it to gobble up cheap shares to f*ck us even more. I’m hoping the raise is the case to get the company on its own 2 feet again. What a horrible day for the plebs but no doubt the early birds made a killing yet again.