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A strange move by Amati and it explains the recent pressure on the share price. Verici is in fairly good shape and I am sure if the stars align then it will be sold.

Whilst not comparable it was interesting to see Biomerieux acquire Spinchip yesterday for €138m which is a stellar outcome for a pre-revenue company. Verici like Renalytix and others are substantially undervalued and it will become clear that value will be realised over the next 24months

I expect to see visible progress this year - how this translates into share price action is another matter entirely.

IIG

Gambling in China dates back at least 3,000 years, starting with an ancient precursor to chess, known as liubo.

Today, however, most forms of gambling are illegal in the People's Republic, with two notable exceptions: the Welfare Lottery and the Sports Lottery, both of which are state-owned.

Here too, there are restrictions, with lottery tickets historically available at just 200,000 designated shops, scattered across a country almost 40 times larger than Britain.

Chinese New Year lottery tickets. About 100 million Chinese play the lottery today, out of a population of 1.4 billion

Chinese New Year lottery tickets. About 100 million Chinese play the lottery today, out of a population of 1.4 billion

Ten years ago, Englishman Daniel Levine and his Chinese colleague Frank Li Tong decided this presented a once-in-a-lifetime opportunity to drag Chinese lottery systems into the modern era and allow consumers to buy tickets online.

The duo founded Hui10 to bring their idea to fruition and in 2023, UK-listed Intuitive Investments Group (IIG) acquired the business via a $365 million all-share deal.

Aim-listed IIG boasts an impressive team. Chief executive Robert Naylor and chief investment officer Giles Willits have made serious money for shareholders in recent roles and hope to do the same again. Chairman Sir Nigel Rudd has a 40-year history of backing winners and believes Hui10 will turn IIG into a FTSE 100 business, so much so that he has persuaded top financiers to invest in the company.

At the coalface, Levine and Tong have spent the past decade working with Chinese government bodies and local businesses. Now they are on the cusp of delivery.

Systems have been approved and steps are under way to make China's lottery digital, including trial runs in certain parts of the country and promotional schemes with giants such as AliBaba, the Chinese equivalent of Amazon.

A full roll-out is expected next year and the stakes are high. About 100 million Chinese play the lottery today, out of a population of 1.4 billion.

If China were to follow the UK and America, those numbers could rise to at least 300 million over the next five years, sending IIG revenues from virtually nothing today to more than £1.5 billion, with profits running into hundreds of millions of pounds.

Midas verdict: IIG shares are £1.10 today. If all goes according to plan, the stock could soar. Like any early-stage business, IIG is not without risk. But the board is top drawer, backers are savvy and Hui10 is determined to succeed. An appealing punt for the adventurous investor.

Https://www.linkedin.com/posts/daniel-l-67a15762_research-portal-login-activity-7267153968621867009-UEWu?utm_source=share&utm_medium=member_android

Today's RNS

Intuitive Investments Group plc (SFS:IIG), advised by the recently appointed Zeus Capital Limited, is pleased to announce it has raised £6.2 million by the issue and allotment of 4,624,840 ordinary shares of 10 pence each ("Ordinary Shares"). These Ordinary Shares will be issued for cash at a price of £1.33 per share being a premium of 1.5% to mid-market price as of the close of business on 17 October 2024. The proceeds of the issue will be invested in Hui10 Inc. ("Hui10") to accelerate the rollout of Hui10's products and services in China

Hui10 has made significant progress since IIG's investment in October 2023 and is currently delivering it's PELT (Points Exchange for Lottery Tickets) platform nationally in association with the National Sports Lottery, through Hui10's contracts with companies including Qunar and Alibaba's ErLeMa. HongBao is operating in Hebei province with China Mobile, with further contracts in the pipeline. Furthermore, its POSLOT scratchcard operation is expanding under the UGO platform which is currently being piloted and is due to commence its roll out in November 2024.

The roll out of terminals is on track with over 1,500 HongBao terminals now deployed, giving the business majority coverage in Hebei province, and over 2,000 Lucky World shops connected. Hui10 has opened its first two Lucky World flagship Sports Lottery stores in Shijiazuang and Handan, which are co-branded with China State Farms and China Mobile, with further stores opening in the coming months.

The business remains on target to deliver its strategic roadmap to digitise the lottery in China and transform the lottery store network through Lucky World.

As part of the fund raise Giles Willits, Chief Investment Officer of IIG purchased 75,190 shares, taking the total number of shares he holds to 269,189, representing 0.13% of the Company's issued share capital, post admission of the new Ordinary Shares.

The new Ordinary Shares constitute 2.2% of the Company's currently issued share capital. Application has been made for the new Ordinary Shares, which will rank equally with the existing Ordinary Shares of the Company, to be admitted to trading on Specialist Fund Segment of the Main Market, becoming effective in accordance with the admission and disclosure standards of the London Stock Exchange. It is expected that admission will become effective and dealings in new Ordinary Shares will commence at 8:00 a.m. on or around 21 October 2024 ("Admission").

Following Admission, the Company's issued share capital will consist of 206,918,006 Ordinary Shares. Since the Company currently holds no shares in treasury, the total number of voting rights in the Company will be 206,918,006. Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rul

Thanks for taking the time to respond. You make valid points in terms of communications. The key risks have been mitigated but clearly mitigation does not mean elimination. It is a question of time and I do recognise that there's a time value to money.

The reason for it being hard to trade is because it is on the Specialist Funds Segment of LSE.

That should not be conflated with the real progress being made by the main investment IIG has made in Hui10.

Hopefully some decent research will be done and made available so that the market more fully understands the depth and breadth of this opportunity - at the moment there is insufficient information available other than the helpful YouTube videos.

Https://www.youtube.com/watch?v=91dGTUhMe7o

Further progress

As ever valuation is in the eye of the beholder.

Since being acquired nearly a year ago Hui10 has made good progress which has by and large gone unnoticed. Hopefully we will see further progress and this being reflected in the numbers. The Management Team are great and the opportunity remains substantial. Keep the faith.

Https://www.youtube.com/watch?v=3N3tohg1Ejg

Further progress

Https://youtu.be/DUnSCa9DtLE?si=9wmTozoG5aIZrNrF

Lucky World is part of Hui10 and is IIG's biggest single investment.

The market has yet to fully understand the potential of Hui10 and the progress made to date.

Https://youtu.be/0p5HsTG_2T8?si=tgNwqiFzs6n5UKOx

Hui10 represents