Member Info for Phil7390

Maybe this could be a "safe space" away from the trolls!

Nice to see some posts about the development cycle of the product again. The company dropped the ball on finance, the reaction to it was understandable, but this RNS alleviates most of the concern about the potential harmful dilution that came with the Bracknor agreement. Back to business I think, and I'm reassured enough to have bought back in and am looking to good news on the ongoing development of LIGHT.

Sshh!

If you think board directors can only have one "job" you a) have led a sheltered life and b) probably should not be investing.

You're wrong.

Keith and David in a joint venture. Well I never. Must pop over to the EMH board to check out the righteous indignation!

0.895p per share?

Is that a car factory just south of the Baconora facility, with a test track and huge rail links?

stevho, I'd recommend thread view as conversations actually make sense, except too many people seem not to know how to reply in a thread conversation, and more importantly filters don't work in thread mode. LSE need to get that sorted.

It's damage limitation. Bod thought the Bracknor deal was good (and it may be) but it unexpectedly went down like a lead balloon with investors. Naivety? Or has the massive negative sentiment been overdone, and dare I say, orchestrated? Whatever though, they clearly didn't expect the SP to tank.

If you'd got out at the first sniff of the stench of TW you would not have lost as much. He's more responsible for peoples losses here than Bracknor, no matter how bad that deal was.

LSE - PLEASE can you fix filters so they work in thread mode? PLEASE?

Past performance is not a guide to future returns. The value of investments and income from them may go down as well as up, and indeed may stay right where it is for years. You may not get back the amount invested, but then again you may, and then some. Your capital and income are at risk, but no risk no reward; don't risk more than you can afford to lose. Investing is a game for the patient. Worst case you lose all you invested, 100%, but on the upside? Depends how patient you can be. Are you in?

The facility with Bracknow ended in Oct 16, SP was still above the 6.1p option price then. VAL's price has continued to drop with a loan facitiy from Yorkville, plus the recent drop there which looks to have been due to a share placing increasing shares in issue by about 50%. It seems somewhat disingeneous to blame that SP drop on Bracknor. Can you explain your reasoning?

From the RNS, a useful thing to read IMHO): "The first tranche will be drawn down with immediate effect and is not subject to Shareholder approval; however drawdown of further tranches will be subject to Shareholder approval at a General Meeting of the Company where the Directors will seek the requisite authorities to allot the new shares deriving from the conversion of the loan notes and exercise of related warrants. The Company has existing shareholder approval to issue up to 2,633,954 shares. The Company will, in due course, send to Shareholders a circular convening the General Meeting, which will also contain the resolutions to be voted on. The circular will be made available on the Company's website once posted."

If he believes that software can accelerate the switching speed of existing hardware from 3/5 times per second to 200 times per second then clearly he does NOT understand much about the physics. Software cannot make hardware do something it is physically incapable of, no matter how clever its programming may be.

Fair point KnigelK.

Non-dilutive funding option is also still on the table. There may be an element of borrowing from Peter to pay Paul, but repayments could be made in cash,and in any event "Bracknor, with any concert parties, is prevented from acquiring more than 29.9% of the Company's shares." - so it's no more dilutive than 29.9% at worst case, and probably significantly less as we start generating revenue. On the positive side, we have either £13M, £26M or £52M at our disposal and discretion. The question of funding is no longer a question, and we will get to revenue generation as a result. A massive positive for me.

Spot on Meldrew.

1,666,666 shares were issued on 7 June 2016, and that's seems too much of a coincidence not to be Dr Nicks holding.