Member Info for Porky9

CBA to counter all your points - i could VERY easily.

Problem is though that costs keep going up, zero focus on any revenue ever in their history and a proven continual raise, spend, consolidate cycle that is well known to the market.

What is it now, north of 20 raises? Last 4:-

Oct 25 - £900k

Dec 24 - £1.6m

Dec 23 - £1.6m

Jan 23 - £1.3m

Spend as usual, on trend hence why im calling raise now, if he leaves ut right until the wire, i cant see him covering end of April payroll for sure without a raise - thats how i see it.

Will know soon enough.

One thing it won't be is in H2 - A July placing is for the birds, they will be well out of cash before then. Must be trading on fumes now.

You can do your little victory dance if it isn't in this tax year but sorry notpot, it will be sure short lived, if im out by a few weeks thats all we are talking about and thats only because they leave it right until the wire.

Normal chain of events is the SP gets sold into the week before the placing and WRAP offer then RNS lands to crash it. I remember the one time the short selling was ridiculous prior to the placing, talk about a leaking ship.

My call and expectation is a .15 Raise and a bucket of useless warrants to go with it, Be interesting to see if he a) can get it over the line again and b) if he can improve on .15. The only other issue is likely looking at another £1m which wont be enough unless he actually does address the cost base or can create revenue, Be interesting to see what happens this time.

Not long to go now.

Absolutely

Only a blithering idiot would be buying at these levels with either a heavility discounted placing to drop (most likely) or administration if brokers dont support it or they cant get it away.

What i find incredible is that a percentage of people will blind buy a stock like this without doing any research into the business.

And yes, i would consider chucking £3k at this in some last gasp attempt to stimulate interest as being fairly desperate frankly, as i posted jury out for me if this time he will get it over the line, logic says most probable as its the one thing they are brilliant at, from a moral standpoint time to draw a line under it imo. When is enough, enough?

Sillier by the day... well lets see, tick tock tick tock. EVERYONE

Replace 3 or 4 months runway with 3 or 4 weeks runway and you are probably closer to the mark.

As i said before, im expecting the discounted placing to land this month, if he can get it away. Historically they like to leave it right to the wire so maybe a push into April at best, as for cash lasting into H2 and a July placing as stated here frankly thats for the birds in my opinion.

VAL being careful with cash and making it last has never happened in its entire history, no tell a lie, it did once that was the first year of Mark T when he got spending cash burn control to £ 350k a quarter but a year later it was back to business as usual, increased admin pay, bonuses, jollys abroad etc etc the gravy train of spending someone elses cash.

I think we all know the drill here.....

Absolutely fill your boots @PP Please buy as much stock as you can at .33 because if anyone deserves to take an absolute bath on this when the placing drops at .15-.16 (thats if he gets it away) its you for constant ramping this 24/7

You would also be helping those stuck that need to get out have a chance before they get majorly diluted, yet again.

It was also a crappy soap drama that got cancelled after one season.

This one's had North of 20 seasons...

"finest hour" or "final hour" ?

You take it as read that, the placing will be supported and complete, to be fair you are probably right, the brokers clearly couldnt care less if investors get a return or not as long as they get their fees and heck with north of 20 previous placings whats another BUT will it be a sure thing this time? IDK I just think at some point, someone at least doing even basic DD can see they have never delivered on anything they have said, if not the brokers, anyone parting with more cash surely needs to give their head a wobble? at what point is enough enough?

Going to be interesting this time, my gut feeling is he will probably get away with it again but my god there are some people about with more money than sense. As i commented before; clearly you can fool some of the people some of the time, not all the people but enough to keep the gravy train going.

Pork's

@Notpotalot

One thing is certain, I bet you my end of March tax year end prediction for the discounted raise to drop is a dam sight closer than your H2 end of July raise estimate when it comes in.

Let's see who is closer?

No, what he meant was he would stay away "AFTER" the next RNS not before it, that will be the RNS with the discounted placing. As soon as that drops he will dissapear for a few weeks as if nothing happened and then return to ramp again towards the next discounted placing after that one.

Its like Groundhog day frankly

@Nick

Sorry, but It needs a total change in focus from top down. No part time, multi job WFH nonsense, proper full on full time focus commitment. If they can't give it 100% dont bother is my opinion go and work somewhere else. Sorry but this gravy train has to end, its totally ridiculous.

I can tell you now, if i was in charge of this outfit I would totally take it apart. I would not be employing non performing BDMs on 90k. Good grief for that i could get three commission hungry sales reps banging on every biotech door in the UK to secure service lab contracts to make that lab viable. If within 12 mths I couldn't make it pay, shut it down and outsource the dev work elsewhere. We are paying busy non performing fools and the BOD are part of the problem and always have- zero commercial acumen.

The begging bowl will return again very shortly and no doubt they will get another million odd quid to spunk away on the next lot of bloated pay awards, bonuses and jollys abroad, its obscene but its not free money is it, its the small investor buying in oblivious to the reality and certain connected individuals posting utter nonsense here to paint something it isnt to suck in the vunerable.

Not sure a return of Satu on your list would be the answer, scientists need to stick to what they know, Sales needs to stick to what they know and CEOs need to be commercial business driven to make profits- not playing at it.

Sorry but you dont put Zebras in charge of a lions pen. Im saying, people with specific skill sets should be 100% dedicated to that skill set and deliver in this business. This frankly, is nothing short of a shambles.

Its how it is

Really....

I dont wish you ill fortune but you really need a hard lesson here, i would absolutely love it if you would buy as much stock as possible at .32, fill your boots with it because as sure as light is day the discounted placing at .15 or in that region is going to land here pretty dam soon and take a 60% hit on your capital. You deserve nothing less because constantly telling us the run way is longer than it is just NOT right - i realise you are doing this to try and sucker people in so you have stock to sell into but that doesn't make it right.

And for what exactly... just to help a few people maintain expesive lifestyles on free money and feed greedy brokers - i tell you now if this was private sector not on AIM, no way on this planet woukd it get away with North of 20 raises and constant failure to deliver - just wouldn't happen, heads would roll.

I think im really touching a nerve here - to have my posts removed for suggesting the placing will come in at .15 really is something.

This should be a forum to debate the stock, im shocked that Claire is removing posts on request.

Are the rampers starting to get worried?

Same old, same old, another lifestyle play

Look plain and simple: its a consultancy business, it needs to keep finding new clients all the time as old consultancy contracts come to an end. The cost of client acquisition is far too high, they spend more money to acquire clients and service them than the value of the business hence constant losses and constant need for endless raises.

Add to that, technology AI etc has advanced massively, i would say there is an ever diminishing requirement for their consultancy services.

The only ones that benefit here are the brokers and the BOD, thats it. Anyone else can look forward to continually discounted raises and associated dilution

@Notpotalot

OK So lets button down EXACTLY what you are suggesting here:-

The Half year (H1) finishes at 30th june 2026 so you are suggesting that ME has confirmed the cash runway will run into H2 i.e Into July 26 and beyond - this is what you are saying?

Well im calling total BS on that, im saying it just isnt possible based on the current cash burn and the CAB figure - 100% not possible.

So when this placing lands (if he can get it over the line again) very shortly, are you going to appologise to us in this forum for helping mislead others by promoting that BS or are you just going to disappear (more likely) pretend all is good and the placing didnt happen and reinvent a new user name?

I think i know what my money is on.

Pork's

No revenue again whatsoever in this FY - 1/500 - Bookmakers refusing to take bets as guaranteed certainty

Placing rns landing - 650m at .15 to raise £975k - Evens

Placing rns landing - Greater than 650m shares to be issued - Evens

Placing rns landing - 650m issued at raise higher than .15 - 3/1

No Raise at all - 1000/1

Other bets:-

labs to actually generate any invoiced revenue - 500/1

VAL to actually learn how to raise invoices - 100/1

Fluff News to try and create interest - 1/500 Bookmakers refusing to take bets as guranteed certainty

PP to reinvent as new name after placing news drops - 1/500 Bookmakers refusing to take bets as guaranteed certainty

LMOL - TEMU

Oh but bless em, they are trying to give it a quick spike pre placing to help get the stock sold into, LMOL who is kidding who here. is anyone still that gulliable ???

But you can fool some of the people some of the time, if they couldnt, time would have been called on this, long long ago.

March placing 650m new shares at .15 to raise £ 975k with retail offer of 150m shares to try and boost it to £1.2m to extend the gravy train by another six months plus a few worthless warrants chucked in - watch this space. They dont like my prediction but i recon i am right on the money

Shame its just gone 5pm might be a struggle getting claire to delete posts after 5 - Never mind the rampers can give it a go tomorrow and ME can always try some fluff news to try and stimulate interest, after all we are getting closer to the wire now.

Have a good evening..

Clearly they didnt like it - bet you i am reaaly close to what the placing comes in at.

Thing is, lets face it, those that follow this forum have seen this so so many times now its bloody ridiculous, its not difficult to see exactly how this plays out lets face it. Talk about got the T-Shirt......, i think we have brought the T-Shirt, worn the T-Shirt, Washed the T-Shirt, recycled the T-Shirt and now 20 plus T-Shirts later are awaiting yet another one!!!