Member Info for Ricardo2019

Looking forward to hearing how it went with the BoD answering shareholder questions!

> Seriously, you think any bidder would, offer 50% above the last 30 day rolling price????

You haven't been around AIM much then? I've seen derisory offers, shareholders getting shafted (luckily our BoD are aligned with us). Too many sales end up with a crappy premium over an average, and recently depressed, SP.

> But seriously even 10 times 5.25 won't cut it...

I agree - I bought in pre-war for 75p minimum.

>The board don't need to sell, they can sit it out, till the war ends, no debt, a working mine,

>Please explain to me and all fellow shareholders, what will force them to sell?

You seemingly didn't read my post properly. I said "Be patient, and wait for the war to end." I.e. This is what the BoD are doing, IMHO. I don't need to explain what will force a sale because my view is that a sale doesn't need to be rushed.

> It will put the lie to the only other previous statement, that the sanctions don't affect us

I don't think that's the issue. I suspect that, given the war, no-one is willing to put up the money that the BoD (and we) want. And I'm with them! I don't want a 'generous' 50% over the previous rolling 30 days average share price. Is that what you want? because in this environment this is probably the sort of thing that's on offer. Be patient, and wait for the war to end.

And indeed, it is now available:

https://sourcebiointernational.com/wp-content/uploads/2023/05/SourceBio-International-Limited-Annual-Report-2022.pdf

> Not one of them are aligned to the UK retail investor.

Ah, you bought the UK class of shares? That was your mistake. I bought the Aussie shares. Yes the writing is upside down to me, and the certificates smell of koala, but I get the Aussie alignment even though I'm in the UK. You can fix this by selling your shares to me and I will send you new Aussie certificates for a small fee. :-)

> you will get 1 - 8p a share.

I will take any of the outcomes in that range!!!!

If anyone is still here... I was wondering where the latest Annual Report was, as it is later than the date it was released last year so I contacted the company. This morning I received a reply from the CFO saying that the report was signed off last Thursday and is currently being upload onto the website and filed with Companies House.

Ah look, the one post wonders have arrived to bless us with their incisive analysis and inability to pose questions properly.

Unfortunately I was correct. Hope no-one listened to that muppet Barson.

> to engage insolvency advisers at Evelyn Partners LLP and to commence steps to place the Company into Creditors' Voluntary Liquidation. A General Meeting of the Company will be convened as soon as practicable to formally resolve that the Company be wound up voluntarily.

Not surprised. This might be the end.

Looks like the idiot has been banned. Good work admin.

This share is no more than a total gamble. It's not an investment, and barely a traders share. It's more like putting your money on a nag.

The low liquidity may be a problem for anyone buying in and selling at the wrong time. Buyer beware.

I point out the obvious with a heavy heart as I had £2k in here. A small amount luckily that is probably worth about £100 now. It's not even worth my time to check. I doubt I'll be getting much back, ever.

What asset? 90% of it is the mine stake, and the mine operator is screwed. PERE have already laid out the going concern risk in black and white. Anyone buying these is buying into a company that could be insolvent very shortly or, probably most likely, sold to a white knight for a bargain price - leaving us with a large loss or massive dilution at at the very least.

Trying to big this up as a bargain because the supposed asset value is higher market cap just makes you sound like a chancer and a fool.

> insurer, which is a very low risk business.

What? L&G sold the GI business to LV precisely because it was risky - the nature of the risk being unforeseen events wiping out profits. And GI wasn't core to the strategy of having a capital investment engine driving the business. I know this, because I was there at the time.

There is a Facebook messenger group, where if you'll join you'll just be endlessly pinged by people posting nothing more than a thumbs up to the latest message copied from here.

> Not sure how you get "poorer by the day"

Yeah but's he's also factoring in inflation lol

I wish to add that despite what might be seen as my somewhat negative view of the value of these messages, I greatly appreciate any efforts by anyone to either find out what is going on or champion the retail shareholder with the company.

I'd like the messages to continue BUT if they don't, so what? I have no proof that the messages are actually genuine. I don't know the messengers from Adam and I have no idea who they are, any more than they know who I am. All I know (and apologies if there is compelling evidence posted here that I have missed - I don't visit here too often) is that a bunch of people who I also don't know, and don't know me, think they may be genuine.

Then, the messages themselves don't actually tell us anything binding or substantive. And I can understand the reason for that at this time. But that limits their value.

Furthermore, even if the messages were genuine and became informative I can't sell or buy shares anyway. So what does this all mean? Simply this, the messages are impacting only emotions and not my wealth. And until something official actually happens or is communicated then that's all I've got - emotions, oh and some unlisted shares that have no value.

So do post the messages, or don't - it really makes no odds. What we really need is the company to sort this mess out.

Our posts overlapping there but no worries, it's well worth that point being made twice! :-)

NvS having calls, reaching out with interested parties (institional investors). NvS has good contacts in that space.
Having a fantastic major makes this interesting for IIs. Watch this space.