Member Info for Montmuzard

Perhaps 73p to 93p isn't completely out of the question then!

What a stupid comment. For a start, £100k isn’t tiny and the auction is a publicity stunt and proof-of-concept staging post. It’s not like the revenue from it is all the company has to sell into perpetuity. BSF will likely get much more than 20% anyway, and it could go for millions. The publicity and interest for luxury brands will be worth inordinately more. Anyway, time to stick Skier in the green bin. He’s clearly just after a cheaper entry.

I reckon we could surpass 25p in a couple of sessions next week purely for the reasons outlined at the end there. Minimal free float. Huge potential upside. Institutions getting involved. No dilution ever. A perfect storm in every respect, with the herd arriving and chasing the share price up and up.

Skier is obviously desperate for a cheap buy in on Tuesday. Or working for an MM who knows they're on the wrong side of the volume.

After the raise - a single strategic investor who clearly sees long-term value - the company has a million in cash runway, if you include the 1.5p warrants. That is more than enough to take them to a place where they are generating decent revenues.

On the auction, of course it is going to be split five ways. But Enfin Leve is a small company that does experimental garments. Participating in this is as much about free publicity for them as it is anything else. So you can safely assume their cut will be fairly small. So, yes, even if BSF only get 20% (I would imagine it would be more though given it's their tech) that's still a minimum of £200K (or half what they raised in yesterday's placing). But £500K is only the starting price. It could easily go for millions. It's a genuinely one-of-a-kind and first-of-its-kind product that every HNW collector will be after.

Of course, Skier knows that, which is why he's posting so incessantly to try to deramp and gain his cheaper entry from some weak hands next week.

I think 5p is eminently plausible: with the current share register that’s an MCap of just £8m. How many Hermes T-Rex leather bags could you buy for £8m? A few dozen?

Big gap up straight out the traps on Tuesday. Nobody will be selling 🚀🚀

At 10p/share, the MCap is only £16m. Peanuts potentially for what they have on their hands.

I think this rockets next week. All the high-end fashion companies will be wanting a piece of the action and if a single swatch is worth €10-20k then it’s boom time for BSFA.

So 200m or so shares fully diluted if you count the warrants now pre-exercise. Those warrants are worth £400k in cash and it wouldn't surprise me if they were exercised fairly soon if the share price keeps going up. Add that to the current cash balance (£338k) + today's dilution and you have over £1m in potential cash runway, then whatever they receive from the handbag auction on top (i.e. their share of £500K+).

But who knows what that would go for? Surely £500K as a starting point is conservative, and they must have taken advice on this from the auction houses. So you've got the very first ever T-Rex handbag which some collector somewhere will be desperate to secure into posterity. With the right publicity and scrap between buyers, it could surely go for millions?

So, if you then add to all of that the tech and IP, the other product lines and the possibility of manufacturing high-end consumer goods with it, it's surely no great leap to get to a valuation of £10m or more initially, or 5p/share. Could be lots more if they get the pricing strategy right on the handbags. A Hermes Birkin goes for £10k-£60K each. So if you can sell 2500 T-Rex bags for £100K each, or 25,000 for £10K each, you're into hundreds of millions territory.

My assumption is that newsflow will start properly towards the end of April. I can't see them drip-feeding the assays. I think they'll want to wait and be able to tell the full story in one go, especially if there's some unevenness in the cores. Could be wrong though.

"Single strategic investor" implies that whoever took that £385K is looking long-term here and sees value way beyond current share price. Could go bananas Tuesday after being reported in the papers all weekend.

They'll take 2.5m off me in one hit at .39 so there's plenty of appetite.

The MMs keep dropping the bid but nobody's selling - a piddly little 5000 shares at .36. Just let it rise guys, you might have more luck.

Yep, sitting here with a nice big bag of popcorn for the afternoon session - feels primed 🍿

There's so little stock in the float that any whiff of news will send it skyrocketing.

Yep, they’re going to have to move it up if they want to release some shares.

0.48p paid. Don’t listen to the headbangers. They either want a cheap entry, for you to panic and jump into whatever they’re ramping for exit liquidity, or to release shares for the MMs who are struggling to keep up.

The cross-rampers always turn up when the MMs are struggling to take the stock down.

Another 50% takes us into the 0.6-0.7 range. With barely any free float and most stock held by institutions, this is certainly plausible as much as the derampers might pretend otherwise. MMs have very little stock. The key question for me is: if this wasn’t going to rocket at some point as the company gets its licences, why are the instis all still holding?

Nearly all those trades around .40 in the final few minutes were AT, clearly MM attempts to shake a few before news drops.