Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
https://zoom.us/j/95008118382?pwd=UTNXZmN0UDhkQTJnWWlrSlE5S0t6QT09&from=addon
CiiTECH Investment Highlight
1. Trusted branded cannabis healthcare company with high-quality brands in market
etc.etc.
That was me, sorry, but I was joking. Looks to me like we’ve got a new major buyer picking up 500k chunks. 2nd at 8am today. I wonder if it was opportunistic or intended that they’d buy in after Rhonda had wrecked the share price. I bet the Abony family have all had their shorts on over the past few months, though!
Nope, not on SW Brands. Was it Wadnob who used to update us on them? The Northern Leaf IPO is apparently on track (originally meant for "back half of 2021") but is awaiting more liquidity in the market, per James Innes at Chrystal.
On liquidity, I heard a rumour that Rhonda had sold her final 500k shares. (It wasn't a rumour, I made it up...)
Good to hear we're in the same ballpark. We've had a couple of re investments in SW Brands, but at some point I also took a look at terms of loan notes. It's because I'm also directly invested in Northern Leaf, and saw that the 10% interest that accrues on the CLNs is at the holder's option to be carried into the conversion shares or taken as cash. So, SEED have already made about £40 of accrued interest on Northern Leaf since yearend, etc. Most of SEED's CLN's are similar, at 8 or 10%. Obviously I've only adjusted Leap by the re investment amount. It should be higher, and certainly no lower (given the base from last March is audited). We're showing a big loss on Yooma, but it's not that material to the portfolio. Still definitely double digits on NAV per share.
And for anyone who missed my post about cash recently... I would expect action on Leap very soon, given how little cash Ed has left himself in the kitty after funding Leap again (which is funding to pay for Leap to bring in independent investment advisors for their IPO / sale)
No problem. I put Yooma in at 0.24 CAD from its listing on CNSX and fx rate 1.7 CAD:GBP
If you download the sheet, you'll be able to work out what most of the calc's are / adjust them on your own copy as underlying investments move. It shows how much we overlook Eurox compared to Yooma, etc. just because there's so much more in the news about it. It's holdings like Eurox that'll make us rich...
O'Donnell, you know I love you, but I do quite regularly share a tracker of all SEED's investments, which is:
a) based on audited figures from last year end
b) adjusted for the Sept 22nd update, esp re cash balances and running costs
c) updated for all further investments in the portfolio / partial sales
d) inclusive of accruing interest on our convertible loan notes
e) reflective of today's share prices for listed stock and exchange rate
No need to speculate what proportion of our share price is made up from each part. Obviously, the unlisted investments are likely to be seriously undervalued on my sheet, as there's nothing tangible to tie any movements to. Share and enjoy:
https://we.tl/t-njCaHKPUfV
Today's NAV / share is 10.54p on the basis above.
Good for them. ISO27001 is an absolute arse to get. I've had to get an energy supply SME its Competent Independent Org cert for accession to the Smart Grid, and that was a nightmare. ISO27001 is the next level up...
…but some good industry figures. Of course, SEED is the equivalent of an end-to-end investment:
https://primarybidassets.s3.eu-west-2.amazonaws.com/Equinox_Investor_Primer.pdf
Agreed. A green day on Google Finance, and no shift in share price after chewing up decent volume. I imagine a lot of people had shorts on SEED, with it being so public that Abony was selling, hence MMs so blatantly marching the share price down... but it looks as though that option is running out. I don't think there'll be much volume available to buy when the tables turn, so we should see some near vertical movement soon... in my humblests.
Not often we see a 400k sell on SEED. I won't make any more jokes about it feeling like passing a kidney stone, as I know this will be too close to the mark for a few on this BB.
Was that the handbrake coming off, though...?
Mat - maybe I need to revisit POCA, but I've spent a good few years in the Channel Isles and have seen how quickly the States will act to protect income to the islands. From what I've looked at over the last year, I thought Guernsey were basically battling to keep up with Jersey in securing a new market for themselves. I wouldn't have thought there'd be much objection to investing in non domestic recreational cannabis - especially if it's farmed at places like Northern Leaf!
Well good stuff. There was something on Radio 4 about it as well earlier. If it's good news for Eurox, it's probably great news for Northern Leaf. James Innes recently said he believes they're still on track for their IPO (originally meant for the end of this year) but are waiting for liquidity in the market...
Sorry Mat - great news, but thought it was announced last week:
https://www.politico.eu/article/future-german-coalition-agrees-to-legalize-cannabis/
Good news for Eurox, with a THC licence already in place. Still can't fathom who's selling and why? Is Abony planning to put the SEED monies into Yooma?? If so, it should mean an indirect bounce back for us.
Good on you, Midas! I would if I could... Was that you in at 6.83?! Your holding is surely going to be worth a fortune.
I've still got well over 500k, but at a depressingly high average price. (I mean, it's probably 25% lower than NAV, but...)
"The idiom at sixes and sevens means in a state of complete disarray and confusion, in a complete mess... At sixes and sevens may also mean a state of disagreement between two or more people. The term goes back at least to the 1300s."
Right, OK TheWorks... I guess you just sold 25k then?! Fair point well made, just now, in that case!