Member Info for panman

See they had limited funds at the interims. What are their needs as the start to develop these projects?

Be useful if you could put your analysis up here Crownos and as you seem to be implying you have some expertise a reason why your no's should be taken as meaningful?

Not a slight just we get quite a few posting "they've run the no's" and those type of posters invariably end up costing their followers money.

They did state that yes but they also included a heck of a caveat timewise on it being actually ready for commercialization. Def going to need some patience with these projects imo.

· R42 shall use commercially reasonable efforts to deliver the Completion Notice by 31 March 2026, it being acknowledged by the Parties that this is a non-binding estimate subject to development progress.

· If the Completion Notice has not been delivered by 30 September 2026, either party may terminate the LOA with immediate effect by written notice to the other party, without liability, save in respect of any clause that are normally expressed to survive termination.

New day today and peeps have been considering timelines for any of these projects to be commercialized I guess. See how far the bulls can push today. Will 50 get retaken or slip away?

Thanks for that on author42. Have signed up for the beta. There's no timeline for launch they're at the taking suggestions of what peeps want stage from what I can see.

Waiting on the email to state its actually launching and will look out for this subscription Crownos has implied may occur. Nothing mentioned yet but early days and all..

For those that want a possible early heads up you can join here..

https://www.author42.com

Think the windows shorter than 12 months. Isn't it 8 months to see if they can get todays RNS'd product to work and 4 months min for yesterdays news.

Likely get some ups and downs along the way as bored traders sell and start the "it will never work" line but if Russia hasn't invaded or the jews nuked us all for being too antisemetic it should be ok

I was thinking that $200 for SOL and $4K for ETH would keep the sp doing well here consolidation (which I'm all for) or not.

Buyers or sellers to end the day??

Or is this a healthy pullback? The level its at now was resistance through July would be a good place to find support imo. See if it does.

Thats the 2nd heads of terms on an unfinished product though isn't it?

Bit cynical I know but maybe a case to be made for waiting for the spike to peter out and short ready for the inevitable delay RNS's.

Thanks Cat. Thats good new I hope as pretty sure its the change of listing and RTO the markets been waiting for here.

Find out soon I guess,

Good timing on the news imo. They'd just closed the gap left in May.

It would seem difficult as they've RNS'd that HUI have exercised the option several times but they have caveated that they haven't "completed" the option (Jun 10th RNS) which is weird imo as in Jan 28th RNS they simply stated they'd exercised the option and left it at that.

They did state in the Jan RNS that ""With the addition of a new trading contract, Ohrid Organics DOO is seeing a notable boost in profits, enabling the company to repay its obligations to HUI" which I thought they only had to do if the option wasn't exercised?

Also in the Jan RNS it was RNS'd that OO were seeking £5M in funds from a placing which funnily enough is the same amount of cash Howard would have received if HUI's sp had hit the 10p/share he expected them to hit when he was doing interviews 2023 gushing about how altruistic and wonderful he was to be "sharing" OO with HUI (even though HUI lent him the funds to make the initial purchase) so I'm thinking its all a bit confusing and waiting to see what happens as it would seem is the market.

Could do with borrowing him on MDH. Might get the odd trade then. lol

Did seem a good RNS imo. Very positive about the going forwards.

Noted.

Thanks stubby, appreciated. Not a bad update. Confirmed they're set up for Oct's payment too which is good imo, lets hope next RNS is about new pumps performing well, kiln 1 up and running kiln 2 hot on its heels!

If its profitable the answer would have to be yes wouldn't it as its howards co. now HUI's too in that they've RNS'd a few times they've exercised the option though the lack of issuing the 49M shares to cement that confuses me.

It was euros not UKP's so yes cheaper than I suggested, just glad I found a source for the purchase price..

On 31 May 2023, CCS agreed to acquire 95% of a company, licensed and operating as a medical cannabis cultivator incorporated in and with operations in North Macedonia (" Medical Cannabis Cultivator "). The total consideration payable for the Medical Cannabis Cultivator by CCS is EUR9.5m, payable in instalments of between EUR1m - EUR2m on agreed dates between June 2023 and December 2029.

CCS is currently wholly owned by Howard White, an executive director of HUI and a 3.97% shareholder. Under the HoTs, which are subject to final contract and a number of conditions and regulatory approvals, HUI has agreed with CCS, that it will provide a loan of GBP500,000 to CCS which CCS will use towards the payment of the first instalment of the purchase price for the share capital of the Medical Cannabis Cultivator (" Loan "). Under the HoTs, Howard White has agreed, subject to final contract, to grant HUI an option, to acquire 49% of the issued share capital of CCS in return for the issue of 49 million ordinary shares of GBP0.01 each in HUI (the " Option "). The Option is exercisable at any time in the period ending 31 October 2024.

https://www.lse.co.uk/rns/HUI/proposed-option-and-future-funding-0uffs4phvzcusmp.html

And this was the comment that got me thinking that Howard would no longer accept 49M shares as payment..

"Several structures for the acquisition of 49% of Ohrid Organics are being considered, and HUI is exploring its options."

https://www.lse.co.uk/rns/HUI/ohrid-organics-8364450000-sale-and-update-pkk29v2za2xj7g2.html

Can't explain the above comment?

Can't find where I read it. I was using search engines for research and it turned up. Had the list of instalments he was to pay too.

Don't see why a phased £10M purchase price would be seen as dear for OO though esp as he was able to use profits from OO over the upcoming years to pay it off. Kind of a sweet deal really if all had gone to plan.

Back in 2023 they expected EBITDA from OO of £6M for 2024 and £10M for 2025 so purchase price seems cheap imo and so does HUI if they turn the situation around anytime soon.

EBITDA quotes taken from end of this interview..

https://www.youtube.com/watch?v=5C3x1r5yd1c