Oversold6 Oct 2020 14:21
Revenue Generating portfolio as of 30 June 2020
= 86%. At least that's a good sign.
"In July 2020, Rutherford announced the first partnership
under the Equitix Agreement with Somerset NHS Foundation
Trust whereby the Company will provide a dedicated facility
in Taunton. The Service Agreement is expected to commence
in the second half of 2021 for a 5-year minimum term,
extendable to 10 years, subject to the achievement of certain
service levels, and carries minimum revenue of
approximately GBP 1.9m per annum...In July 2020, Mission Therapeutics announced that it has
raised $15m (£12m) of equity investment in a funding round
led by existing investor Pfizer Ventures, the venture capital
arm of Pfizer. The new capital will support development of
Mission’s leading DUB platform, as well as growth of its
pipeline of DUB inhibitor programmes. Mission and Pfizer
Inc. also announced the expansion of their relationship by
entering into an evaluation and option agreement for DUB
target validation....This operational milestone marks a major step forward in the
company's goal to bring basalt fiber to North American
markets and produce on a commercially viable scale. Mafic
began construction of its $20 million facility, located 45 miles
from Charlotte, North Carolina, in 2016. The new facility is
expected to be capable of producing 6,000 metric tons of
basalt fiber annually, nearly 30 percent of the current global
output of basalt fiber. Mafic is looking to commercialise
basalt fibers for a wide array of industrial applications
because of their strength and ability to replace materials
susceptible to corrosion. The material has been used for
decades, but until now, it has been produced in limited
quantities. Mafic's goal is to bring the large-scale production
of basalt fiber to several markets, including the construction,
automotive, and thermal markets among others....In June 2020, Seedrs announced its partnership with equity
management platform, Capdesk. Thus, creating a unique
secondary liquidity offering, serving the needs of the wider
market with the ability to trade shares in private companies.
The Seedrs Secondary Market has been enhanced
significantly and grown quickly since its launch in 2017. In
May, the market surpassed £1m of shares traded in a month
for the first time, with Revolut share sales topping the list for
the most shares listed and sold. Now, companies outside the
Seedrs portfolio who use Capdesk for their cap table and
equity management systems will be able to access the
Seedrs Secondary Market. "...and so on. Interesting stuff.
Here's the link: https://data.fca.org.uk/artefacts/NSM/Portal/NI-000011925.pdf
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