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Thanks Cam
I will hang on for Guidant news and possible Belluscura IPO anyway
You could be right re modularity so we await further info, but until I see the details it is difficult to know if they are filling a gap. In this regard I received this today following a further email requesting details
Dear Sir,
Thank you for your email.
I am afraid there is nothing further I can add to what has been already stated in the announcement.
Please note “Belluscura also confirms that it is considering the feasibility and timing of an initial public offering (IPO), and the potential admission to trading on the AIM Market of the London Stock Exchange (or other recognised stock exchange) and expects investments should qualify for Enterprise Investment Scheme (EIS) relief.”
One would expect details relating to the 18 patents to be contained in an Admission Document.
Kind regards,
Sam
So we'll just have to wait until then.
Re % ownership ...
Today's RNS states
"Tekcapital owns approximately 17.8% (10.5m shares) of Belluscura. ... If all warrants and options are exercised, than Tekcapital would hold approximately 17.1m shares in Belluscura."
Maybe you mixed up the 10M shares with 10% unless I've missed something
Tek has warrants and options for 6.6M shares (at various prices) only 4.8M have the 30 day clause at the highest price.
I would not want them to exercise the 4.8M unless they planned to dump them shortly after IPO unless the detail of the patents is game changing. Either way this could then completely de risk TEK and make them super attractive.
Going through the RNSs it seems that Belluscura started as a wholly owned subsidiary of TEK and has been gradually diluted to 17.8%. I don't know what happened to all the other products listed but the POC's appear Feb 28 2017 with an IPO being talked about in Nov 2017 that seems to have failed by the end of 2017. I am still trying to put a value on the current 10.5M shares but I'm struggling. Do you have an idea?
It might be worth seeing if you can squeeze any more info out of your contact Cliff now that the FDA clearance is through.
I think I might have another dip if this drops below 15 again with an eye to sell on the IPO all other things being equal.
GL and take care
pantarei
Hi Cam
I agree re Guidant
Here's my take on Belluscura
"Belluscura has exclusively licensed, acquired or jointly invented 18 patents". I can't find any details or how many and which ones are jointly owned, the % of that ownership and who the partners are. TEK and Belluscura are not forthcoming
"The X-PLO2R POC has patented technology that can deliver up to 95% pure oxygen to patients 24 hours a day, 7 days a week." - Most machines do this
They emphasise weight & modularity
Weight - They claim to have 3 batteries - short mid and long term - the small weight advantage doesn't seem to apply to all 3
Modularity - most of the concentrators in this range are semi modular as the batteries are usually removable. However they claim the sieve beds (the guts of the machine) are modular and replaceable. This IS new. The claim is that this is useful for repair, servicing etc. On the face of it this seems interesting but on closer examination it is not a solution If I told you that next time you put your car in for a service you didn't need to bring the car in, you just needed to send in the engine that still leaves you without a car. So, if you've been prescribed Oxygen 24/7 its not as if you could go a week without it while your sieve beds are away. And the 24/7 devices are serviced annually anyway. Okay so if there was a problem in between times, they could just send you out a spare sieve bed not a whole new machine. But, again, most of the expense is the sieve beds so you might not save much
On the bigger picture, even if these patents are useful, Belluscura would be better licensing or targeting one of the big boys to sell to. There are some very big players here as you would expect in a multi-billion £ market. It is not only about the machines but a whole infrastructure - servicing, repair, spares, accessories, sales and marketing, as well as technicians for the end user that "installs" equipment and "demonstrates" how to use it etc. They also need to be cleared for aircraft use for the US market ideally. The big buyers (NHS Trusts US hospitals etc) with a wide variety of Oxygen needs may not waste time on an unknown one trick pony
I don't know if the tech would attract a significant premium from a buyer as Belluscura only have one product. If they became greedy, It would be easy for the big boys to heavily discount their equivalent product as a loss leader and watch Belluscura burn cash. They could then fight over the bones later. Equally, they might target the partners in the patents, depending on the split, and get it on the cheap that way
All IMHO which could all change with the details of the patents so DYOR
BTW what did TEK pay for the 17%? I 'm trying to calculate the cost to TEK for Belluscura to flop. I took a few at 14.8p just to have an interest but if TEK start piling in I'd need to review. On the other hand, I might increase my holding with a view to sell most on any IPO spike
Belluscura RNS
Hi Cam
I still don’t get this long term. I’ve had no info from Tek/Belluscura re the patents/uniqueness of the tech or even the price point
I took some at 14.5 as I thought this discounted Belluscura.
I await the other investments which seem more promising. It might be good for a trade today I’ll keep a watching brief
MTPH might be exciting today
The US listing MTP up 47% after hours here.
I’ve been in for a while and I’m still 10% down despite yesterday’s 17% rise here
$1 should be around 14/15p roughly
US currently $3.80 we closed at 37p
I ve been in for months now and it’s a bit of a dog. It can do +40% in 20 mins and then -60% the next 20. Can’t seem to hold above 35p
White knuckle specialists only so dyor and dont get spiked lots of holders down and looking for an exit but might be pocket money fun
I’m looking to take my stake out but still have an interest albeit a free ride as it does seem under valued ...
Q-sphera tech potential,
presentations in parliament in dec etc
Not for the feint hearted
Of course might be a damp squib
Still showing on mine (iweb/Halifax) although the price is up to 28.1p
As my earlier query mentioned, the corp update on my account says that the electronic shares are being converted to paper shares so maybe not over yet.
Thanks Ck that’s clear enough then
Did anyone save the link to the CI court pages so we can find out if/when the report has been filed as per last rns?
Can anyone here help please?
Following the corp action notice a few days ago ....
“Further to our communication on 16th November 2020, we have received notification that the G3 shares are no longer eligible to be held within the UK Settlement System.
Subsequently, we have received share certificates from the Company's registrar. Therefore, although your shares are no longer held within the UK Settlement System, we will continue to reflect them on your account to represent the certificated holding.“
If this were to go suddenly live how easy would it be to sell the shares if they are now certificated and not within the UK settlement system?
Sorry if this is a stupid question
No problem
iWeb is the cheap and cheerful version of Halifax share dealing so no surprise I suppose. Anyone else?
Just had this in my share dealing account (not Isa or sip) with iWeb (Halifax). Anyone else had anything ?
G3 EXPLORATION LIMITED - Important Information
Receipt of Share Certificates.
Further to our communication on 16th November 2020, we have received notification that the G3 shares are no longer eligible to be held within the UK Settlement System.
Subsequently, we have received share certificates from the Company's registrar. Therefore, although your shares are no longer held within the UK Settlement System, we will continue to reflect them on your account to represent the certificated holding.
As share certificates are not eligible to be held within ShareBuilder accounts please be aware that, should you have held G3 shares in a ShareBuilder, we have now transferred them to your ShareDealing Account. No fractions of shares have been transferred and your holding has been rounded down to the nearest whole share.
As the G3 shares are now no longer listed on a Recognised Exchange for ISA qualifying purposes, they no longer qualify to be held within an ISA product under HMRC Regulations. Therefore if you held these shares within an ISA, we have transferred them to your Share Dealing Account.
Should we receive any distributions or any other information from the Company, we will notify you at that time. Please note, however, that there can be no certainty that such a distribution will be made.
Now showing on the London stock exchange as off book
Thanks Cam
I’ve reached out to investor relations too and await a call
Re Light weight portable concentrators there are a few. This is the latest - been on sale for about a year a little heavier at 2.2kg
https://drivedevilbiss.co.uk/products/igo2-portable
If all their machine is is an O2 concentrator not sure what the worlds first claim is
However I’m not clear on the reference to “modular” either
Do you know the full spec last of their machine? Oxygen purity, lpm etc so I can compare more exactly and get an idea of the uniqueness?
They also claim to be patenting a few things on the news page in this regard but I’m not clear what - see entries Feb 6 2020 & Mar 14 2020 They still seem to be using zeolites which is old technology so may be something else
Once I get more details on any usp I’m happy to share any thoughts here or on the email supplied
Hi Camkite & co
Been here since following a tip from Mark on another bb
Locked in like everyone else but on an almost free ride
Been in the background since as nothing to contribute til now
I specialise in oxygen treatment and machines so very interested in bellascura.
There are so many portable machines out there it’s difficult to see how this is different. Do you know where I could get more specific info on the usp? I’ve scoured the website and dropped them an email
Who is Clifford and how do I contact him?
I’ll feed back anything useful.
Enjoying the calm troll free chat here and all the useful discussion of other prospects keep it up as it’s been keeping my interest going and made me a few bob- steering clear of amigo though!
As I read it
From the cause list
https://www.judicial.ky/wp-content/uploads/courts/grand-court/GrandCourtList12thOctober2020(F).pdf
There are TWO petitions
"TUESDAY 13TH OCTOBER 2020 FINANCIAL SERVICES DIVISION
COURTOOM # 6 @ 10:00 A.M HON. JUSTICE McMILLAN
FSD 229/19(RMJ) G 3 Exploration Adjourned Winding-up Petition
FSD 197/20(RMJ) Green Dragon Gas (2 days) Winding –up Petition"
So two winding up petitions one about G3E and one about GDG
From RNS
https://www.rns-pdf.londonstockexchange.com/rns/7002C_1-2020-10-20.pdf
"19th October
G3 Exploration Ltd (The company)
On 13 October 2020 ... the company was placed into official liquidation"
Nothing about the second petition ... yet
From Forbes Burton
https://www.forbesburton.com/blog/139-what-is-the-difference-between-winding-up-and-liquidating-a-company#:~:text=What%20is%20the%20difference%20between%20Winding%20Up%20and%20Liquidating%20a%20Company%3F,-Many%20people%20believe&text=Winding%20Up%20involves%20ending%20all,and%20then%20closing%20the%20company.
"Winding Up involves ending all business affairs and includes the closure of the company (including liquidation or dissolution), whilst Liquidation is specifically about selling off company assets in order to pay creditors and then closing the company."
From Wright Hassall (quite apt really as this is a right hassle )
https://www.wrighthassall.co.uk/knowledge-base/winding-up-and-liquidation-an-overview
"What is the difference between liquidation and winding up?
The short answer to this question is nothing: the terms winding up and liquidation are synonymous. However, there are different ways to wind up a company, and this can cause confusion."
So it seems that the first petition at least was successful. It seems that others believe the first petition to be supported by "the company" so that should be positive.
Again from Wright Hassal
"The role of directors in a winding up
Directors remain in office after a company enters liquidation. However, in a compulsory liquidation, the directors lose their powers to control the company’s affairs or act in the company’s name when the winding-up order is made ...
Directors are under a statutory duty to co-operate with the insolvency office holder, to deliver up any books, papers and records in his possession and to provide such information as is requested regarding the company’s business, affairs and dealings."
Perhaps the reason the official liquidation course was chosen was to eliminate the influence of Randeep Grewal who according to this BB seems to be a bit of an obstacle to progress.
I am unclear on the structure of the company as to whether the second petition was or needs to be heard or not.
If so perhaps that is what is adding to the delay and the lack of official statements. I would expect a ruling anyway one way or the other.
Everything comes to s/he who waits
All IMHO
GLA
Just checked in to see if I had any answers to my question.
Wow 41 replies.
What a shame only 1 from Roxi even approximated an answer. Thread completely hijacked. Can't you just start a new thread if you want to bicker? Many of us are staying away because of the lack of meaningful input or reasonable discussion.
Roxi you seem to be getting a lot of flack. I have found you straight forward, honest and reliable and I have found your posts genial and informative. You often learn more from mistakes than from folk who make everything look easy.
33 the anti-Italian posts were not specifically directed at you but as you mentioned it …you posted
"In CH they use steel cables for 2 years...then sell them to the Italians....who use them for 20 years until they are threadbare.."
Is not the greatest compliment ever paid to that country or its people and smacks at the every least of a disparaging stereo-type. Of course the reason they do that is because they are too busy pinching bottoms and munching garlic to care (insert irony emoji here). I wonder if they clad their tower blocks in hazardous materials?
But as I said it wasn't specifically directed at you and if I could put on many others
Anyway, i will beat a hasty retreat and try and find my answers elsewhere.
Good Luck All.
Hi all
Back in from the wings. I'm still watching from the side-lines and still catch up here as often as I can.
Welcome NRL2901 and thank you for your kind words.
Another month gone and the SP is inexplicably lower. I am still holding long term and I am determined to see this through.... but I just want a simple answer to a simple (hypothetical) question.
If AML were to be taken private or bought out etc as has been mentioned before on this Board what are the procedures, rules etc?.
More specifically if the Annual VWAP on Friday 2nd April 2021 was around 55p ( Thus avoiding the high SP's up until March 2020) and the SP on that day was there or thereabouts, what would the offer have to be etc? 66p would be 20% over and 71.5p would be 30% - still very cheap for what we know will be a fantastic investment. But only if we are allowed to be invested
I don't want to know the likelihood of it happening, or who would be the most likely candidates etc so please do not hijack this thread. It is a hypothetical. I just want to know what is involved so that If it happens I am ready and can prepare and profit from it. Perhaps Paul Oz, Cars Coffee or JTMacs know or any one else.
For the avoidance of doubt I don't want it to happen but I want to be prepared if it does. As you all know I had to sell some to free up some cash and was forced to raise my average to 86p. I am happy with that as I know that given time we will exceed that. But with each month that passes the VWAP gets lower and lower and now we are half way there with a 6 month VWAP around 55p.
It's almost like it is deliberate. Thinking out of the box like Roxi says could it be that Stroll and Yew Tree are working WITH Industrial Invest or A N other to keep this low on the promise of Jam tomorrow? Industrial Invest seem to be willing to to lose a lot of money selling at the wrong time. I know they closed the product but it still seems quite cavalier.
On the upside if this is a possibility then all we need to do is to average down below 60 before Easter and we should be fine. The lower the better. I'm not in a position to do this at the moment and would rather not throw any more money at this but will need to consider my options with every month that passes. If we get another "glass half empty" update in November with not so much as a photo of Moers at his desk I will start to get concerned
Any reasonable replies gratefully received. If you have no light to shine on the matter please don't block up the BB.
Welcome NIco
Despite the fact that EVERY decent Aston has been designed by an Italian there remains an anti-Italian bias on this BB which I find rather disappointing but needs to be challenged none the less. I understand the rivalry with Ferrari but too much of it goes beyond that.
Dimi & Noah keep posting I still look for out for your thoughts.
I am now off to Gethsemane. I am hoping to avoid the agony traditionally found there
Potnak have you looked into Oxygen treatment? Oxygen is anti inflammatory It stimulates the production of stem cells, collagen, and blood vessels and best of all it is painless and non invasive. Just involves breathing Oxygen through a mask. As good as pharma is, and I’m invested here, nothing tops Oxygen. Certainly worth a pop before you go under the knife.
https://www.nobelprize.org/prizes/medicine/2019/advanced-information/