Cloudveil19 Feb 2021 15:23
So, I've been going back over some old research on RMS to remind myself of all the reasons I invested here in the first place and I came across some interesting facts from the latest available companies' accounts, published at companies house. It's all scanned in material so I can't copy and paste it, and therefore it's too much for me to sit and type it all out here. But, there were some very interesting snippets in there that I'd forgotten about and I will type one of the paragraphs here:
"Cloudveil has seen an unprecedented level of enquiries for it's services from blue chip companies, large educational establishments, sports clubs and public institutions in the UK and Europe. Cloudveil is engaged in and at an advanced stage of negotiations with a number of these potential customers, and is forecasting significant growth, including through sales of IRIS, over the next eighteen months, including contracts expected to start within the forthcoming quarter."
Now we have just heard from the board that the "strategic review" will take place and the results will be announced prior to the release of the companies unaudited accounts for the year. I wonder why? It sounds to me like Cloudveil has had a very busy year and that we might just be very pleasantly surprised with their revenue over the last 12 months. It would certainly make sense as to why the BOD keep referring recently to "potentially significant shareholder value within Gyrometric & Cloudveil".
There are plenty of reasons why this company could see massively accelerated growth and not just one mask from arm of the company. My personal view, is that it will be a combination of factors that helps us to explore our potential, including developments within all three areas of the business. I really do not see this as a one trick pony, at all.
I'm sure we're all agreed on the fact that updates from our other business are long overdue and I'm sure we'll get them as a result of the strategic review. Both Gyrometric and Cloudveil have customers and revenue so it's not exactly like we're sitting here with all hope riding on one mask. The mask for now is one part of one company, which is one arm of the business and the mask also will have confirmed distribution agreements and licensing of the nanoparticle ink to come.
Like I've said many times here recently, there is lots to look forward to here and a lot of the naysayers and doom & gloom is coming from those who either just like to kick others when they're down and having a bad day, or they're being extremely greedy (plus delusional) in thinking that they're negativity will drive the share price down further.
This is still a good company with now an honest BOD, handpicked by Egremont that in my opinion still has it's best to come.
Nate