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Easy to find out.....
MetalTiger web page... https://www.metaltigerplc.com/investors/aim-rule-26
As of 16 October 2020: Exploration Capital Partners 2014 Limited Partnership 20,636,194 13.46% (of 153,363,348)
Today's TR1 RNS:............. 14,621,310 9.43% (of 155,100,477)
A reduction of 6,014,884 = 3.88% (of 155,100,477)
However, make your own minds up.....
25 or so listed here...
https://www.aquis.eu/aquis-stock-exchange/for-investors/retail-brokers
Vas,
Read the RNS from 5 Feb 2020....
"Progress with Mr Checkout has surpassed expectations with one of its partners, AATAC (a US national association comprised of smaller buying groups), expressing interest in taking both the chew pouches and smokables for distribution to its convenience stores in Florida and the surrounding area. Brands represented by AATAC include Gulf, BP, Sunoco, Circle K and Chevron."
As you now know we have an agreement with AATAC with an 88,000 store reach
a quick couple of question if I may..
Have you read all the RNSs since beginning of January 2020?
Any particular reason why you picked Mr Checkout?
More realistic to consider between 225m and 250m shares by 2-3 years time.
196m is certainly unrealistic as John Story's 5.5m are added on 7th April, so we're already at 201.5m
Billyboyfromiii:
We know you do do some research and look up things for yourself, we have evidence of that from your emailing Zoe's PR and sharing their response with us.
Are you aware that at least one broker is not doing automated bed & isa due to covid? There may be more.. this is taken from h&L's website....
https://www.hl.co.uk/investment-services/isa/bed-isa-sipp
"Due to our COVID-19 service changes, we are not currently able to do this for you. Instead you can sell investments in your Fund and Share account online, and move the money to your ISA or SIPP. You can then reinvest the cash."
https://www.hl.co.uk/features/coronavirus-information-and-updates
(under the Changes to our service about half way down...)
Changes to our service
Back in March, we made the difficult decision to temporarily suspend a small number of our services. This allowed us to continue offering the core services that our clients rely on, while also following government guidelines and looking after the safety of our colleagues.
Since then, we have been working to develop our processes and approach, so that we can run these services again when possible. For now however, with the majority of our team working from home and continued restrictions in place, the services listed below that we suspended in March will remain unavailable.
*Placing new phasing instructions by telephone and post.
*Automated Bed and ISA, and Bed and SIPP services. You can still move investments yourself by selling them and buying them back in an ISA or SIPP.
*Setting up regular investing by post. You can still set up a Direct Debit into investments online and by telephone.
*Company, investment club, charity, trust and bare trust Fund and Share Account applications and top ups by post.
*VCT applications.
*Transferring (lodging) share certificates into a Fund and Share Account (other transfers to Fund and Share Accounts continue as normal).
You missed it Keith. We listed on ASX back first week of February. It didn't do too well so we de-listed again ;-)
Great for you to come along and give us your invaluable words of wisdom
Me thinks an excellent update is due within the next 9 trading days, possibly as early as Monday.
You will need to change your p to a more appropriate £ ----- that means, in case you don't understand , not 5p but £5
Sorry to hear shower probs Craigy. always happens in 3s or 4s, at least you've got/you're getting a shiny van. Insurance cos are never the easiest to deal with.
Think we will still be okay by 31st, seems the FSA completely underestimated the quantity of applications. Of course they set this all out February last year pre-pandemic and with lockdowns since beginning of 2021 the process will likely take longer with remote working etc.
Apparently there were over 400 applications pre-their 8th February close date (allowing time for validation for 31st March) and quite a large number of those failed at first pass. Another article analysing the applications so far detailing the pitfalls is due out tomorrow so that will be an interesting read.
In reality I suspect the 1st April - shelves cleared date - will move to the 1st June
posted up on ACI today:
https://www.theaci.co.uk/aci-welcomes-fsas-11-march-cbd-novel-foods-update/
ACI welcomes the recent update from the UK’s Food Standards Agency concerning the criteria for which CBD products can remain on sale in the UK as of 1st April 2021.
These updates can be broken down into two key points.
“The criteria for products which can remain on sale from 1 April 2021 has been updated. Previously, only products which were on sale at the time of the FSA’s announcement (13 February 2020) and were linked to an application which had been validated by 31 March 2021 were to be included. To maximise the opportunity to pass validation, this now includes all products on sale on 13 February 2020 and linked to an application submitted before 31 March 2021 that is subsequently validated.“
– FSA update 11 March 2020
All applications must be submitted by 31 March 2021. This is an update to the previous stance that all products must be validated by that date. The FSA reiterates that these products must have been on the market prior to 13 February 2020 and be linked to a validated dossier.
The FSA has also committed to publishing a list of products linked to validated applications in April, with regular updates to this list as and when dossiers are validated.
Products that have not met the full requirements, but have satisfied the FSA that they will do so, will be listed providing that they include “robust plans” to complete the risk assessment process in their submission. The ACI is seeking clarity from the FSA that these companies will continue to be allowed to sell their products.
“A list of products linked to validated applications will be published on the FSA’s website in April and regularly updated.
The FSA will also publish a list of products associated with applications which have not yet fully met the legal requirements to be validated but have set out sufficiently robust plans to prove they are fully committed to delivering the remaining information required. This will include evidence of plans to complete the risk assessment process, with a clear deadline for submission of the outstanding information.
– FSA update 11 March 2020
“Today’s update from the FSA is a welcome one,” says Shomi Malik, ACI’s External Affairs Director. “The 31st March deadline is now for submission, rather than validation.”
What should companies do now?
Today’s update from the FSA means the deadline is now for submission by March 31 2021 and not validation. If you have not yet submitted your dossier, due to time constraints in regards to having your dossier validated before March 31 2021, you should look to submit your dossier as soon as possible.
Thought this might brighten the day :)
https://www.bbc.co.uk/news/business-56330378
Trader gets painted stones instead of $36m of copper
A commodities trader was given painted stones instead of $36m (£26m) of copper from a Turkish supplier in a fraudulent deal last summer.
Geneva-based Mercuria Energy Group says it's been the victim of cargo fraud following its purchase of 10,000 tons of copper blister. When the cargoes started arriving in China, it found containers full of painted stones instead. The bizarre case happened despite security and inspection controls.
Last year, Mercuria agreed to buy the copper blister, an impure form of the metal, for delivery to China. About 6,000 tonnes was loaded for shipment in more than 300 containers on eight vessels. But before its journey from a port near Istanbul, the copper was switched with paving stones, spray-painted to resemble the semi-refined metal.
Mercuria, one of the five-biggest oil traders in the world, is seeking redress in Turkish and UK courts against the copper supplier Bietsan Bakir. Turkish police have taken a number people into custody in relation to the fake copper scheme.
"Suspects have been taken under custody who are thought to be involved in the various parts of this organised crime against Mercuria," the company said in a statement while thanking the Istanbul Financial Crimes Department.
Seals broken
It appears the copper was initially loaded into the first shipment of containers, before being surveyed by an inspection company. Seals used to prevent fraud were fixed to the containers. But the containers were opened and the copper replaced with paving stones, Istanbul law firm KYB told media. The fraudsters switched between fake and real container seals to avoid detection. Once the vessels were at sea, Mercuria paid $36m over five installments. The fraud wasn't discovered until the ships began arriving in the Chinese port of Lianyungang later that month.
"There has been a criminal investigation petition by the buyer against the seller and two intermediaries," Turkish police said in a statement. "It's been determined that the incident is the outcome of fraud perpetrated in an organised manner."
In cases of non-delivery a trader could make a claim against a cargo's insurance policy. But Mercuria found that just one out of seven contracts used by the Turkish company to insure the cargo was real. The rest had been forged. Bietsan Bakir, the Turkish firm which sold Mercuria the copper, did not respond to requests for comment when contacted by Reuters. More hearings on the case are expected this week.
simple answer - Brexit.
Pre 1st January 2021 everything had to be submitted through the EU (covering the EU and UK). From 1 minute past midnight 1st January 2021 the FSA took control wholly for GB. NI is still under EU rules for validation
As noted Pureis has validation for both GB and EU.
Might not even be 1st April, I'm thinking in the 6th to 9th date range. That weekend is Easter with Friday 2nd April and Monday 5th April being public holidays. As our markets are closed on those two days any new FY RNS may not come until 6th at earliest.
article out today..
https://www.cbd-intel.com/how-long-will-it-take-to-see-validated-assessments-from-the-uk-food-standards-agency-fsa/
How long will it take to see validated assessments from the UK Food Standards Agency (FSA)?
The FSA has confirmed to CBD-Intel that it has already validated at least one application with an updated list to be published in April.
This represents a significantly quicker turnaround than many anticipated, though Pureis did submit its application as soon as possible – telling CBD-Intel that it filed it one minute after midnight on 1st January 2021.
However assuming the brand took a similar amount of time to produce its underlying studies, it should not be very long until more companies start to announce that their applications too have been validated.
The FSA said it would be unable to provide ongoing confirmation of validation on a case by case basis and that full confirmation of claims would have to wait for the published list in April.
CBD-Intel will keep track of validated case claims as it hears of them.
Just my personal view and I'm sure someone will correct if I'm wrong..
The old gummies were contract manufactured by Mile High Labs and the new ones by GVB. The GVB ones will need a new application as the isolate is different.
Craigy990: As buysellfred posted after you, there is a subtle difference in wording. But it's all good...
Buysellfred: If these subtle wording weren't enough to check. When the FSA validation does come it will only apply to GB. Not here again I differentiate between GB and UK. i.e. the FSA validation doesn't apply to NI.
To be validated for NI they are still under EU rules for novel foods...
https://www.food.gov.uk/business-guidance/cannabidiol-cbd
BuysellFred.. There may have been a slip-of-phraseology is the RNS regarding our UK deal.
You'll appreciate there is a distinction between "validation" and "authorisation" of products by the FSA.
From your quoted November RNS: "Following the FSA announcement that CBD companies must have a validated novel food application for each of their products"
However from your previous post quoting the UK deal RNS: "This contract is conditional on Zoetic achieving Food Standards Agency ('FSA') Novel Foods authorisation for its CBD product range. The Group is pleased to announce that progress has been made on this front, and the application for authorisation has now been submitted in accordance with FSA guidance"
It's not clear if that was a slip of terminology. i.e. the application for authorisation has been made - that's okay.
But the UK deal is conditional on "authorisation". Does this really mean that we have to wait until FSA complete authorisation i.e. the 9-18 month period or do they really mean once the products are validated then the deal can go ahead whilst the process continues.
Products that were on sale at the time of the FSA announcement 23rd February 2020 will only require "Validation"of their novel foods application by FSA to remain on sale past 31st March 2021 whilst they complete the process to "Authorisation". Any new products that come to the market will require to wait until "Authorised" before going on sale. We await our "Validation" step before end of this month as our application continues through the remaining process.
This is as I understand it.
This handy infographic from the ACI may be of use...
https://twitter.com/ACIndustry/status/1366365134910808064/photo/1
Agreed Dave, I'm hopeful we can have an equally as good if not better press release when ours is validated. By recent interviews should be pre-31st March.
https://www.pureiscbd.com/blogs/village/pureis%C2%AE-ultra-pure-cbd-1st-cbd-company-in-the-world-to-receive-dual-validation
"Press Release
2nd March 2021
Pureis® Ultra Pure CBD:
1st CBD company in the world to receive dual validation from European Food Safety Authority and Food Standards Agency UK
As authorities prepare to introduce regulations to the CBD market, meet Pureis® CBD, the 1st CBD company to receive a Validated Novel Food Application from European Food Safety Authority (EFSA) and the Food Standards Agency UK (FSA).
The Food Standards Agency UK has given CBD companies a deadline 31st March 2021 to have a validated Novel Food License application submitted. CBD brands without a validated application will be removed from the UK market."
1st April date is looming...
https://www.nutraingredients.com/Article/2021/03/01/Misguided-CBD-brands-in-last-minute-novel-foods-panic-ACI-warns
"Many UK CBD brands have been misled on how to prepare for the looming novel foods deadline meaning there is less than one month for some to pull together potentially impossible amounts of data, an industry expert has warned."
"Meanwhile, Pureis CBD, has become the first (synthetic) CBD company to receive a Validated Novel Food Application from European Food Safety Authority (EFSA) and the Food Standards Agency UK (FSA).
Over the course of 18 months and an excess of £1.5 million investment, Pureis CBD had already completed a full suite of studies necessary to meet and satisfy the EFSA and FSA UK when CBD was classed as a ‘novel food’."