Member Info for Sangijuelas1

Except it doesn't. The hope is that they can eventually get it on the Illumina platform where you could expect revenue of max £20m a year.

But it sounds like there's a way to go yet before they get to that stage

I choose facts over fantasy. I have seen what the likes of Rocket79 have done before on stocks like 4D Pharma that went to zero a year or so after he ramped it sky high on a couple of bits of nothing burger news

The 100 bn is for clinical diagnostics. Whereas Angle's Parsortix is for use for research purposes only.

Hence last years paltry revenue if £2m

It hit 150p because it was massively over hyped and no one realised it was still going to take 10 years to generate substantial revenue.

And 5 likes from their fellow pumper dumpers!

Why do you think it should be extended?

All the news is about potential future revenue opportunities, nothing concrete for the next 18 months so can expect 2024 revenue of £5-6m as a conservative baseline

Crikey Latino thinks they are pumping a drug company!

Good luck to anyone that has been listening to them.

Quite the vote of no confidence in the board. And the statement about the vote smacks of arrogance. Sounds like they're happy for the dissatisfied fund managers to walk.

Why do we need the cash badly if we have just accessed £38m from the credit facility?

They said £20m was going to be enough earlier this year.

What was a clear picture of value at a discount now looks a lot more messy.

It seems to me much of the £55m raised will be going towards the Forward portfolio.

Molten just drew down £38m from the credit facility, which would have been more than enough for funding the existing portfolio in addition to cash and other realisations.

What if BlackRock had wanted to invest in the existing portfolio and had had to buy on the open market?

Also a couple of £10k buys from the directors is not exactly a show of confidence is it?

So for 3% of the gross portfolio we will now have over 20% more shares on the market

Molten had BlackRock as an investor up until recently when they dumped a lot of stock.

One thing I liked about MV was the exposure to European companies like Iceye, Ledger, Isar, Aircall, HiveMQ, M-Files and others in the Earlybird funds.

I feel this acquisition turns us away from Europe and into the UK.

Koru Kids has already been exposed in the media for ties to Akshata Murthy and with the latest involvement of the British Business Bank it smells like there are potential influences in play pushing towards a more domestic focus - maybe influenced by the hope that pension funds will invest more in venture capital opportunities.

The cash will be used to prop up loss making companies while they grow as that is what VC does and my concern is too many of them will be in the Forward portfolio.

Seed stage companies are still seen by some to have unrealistic valuations as they didn't get hit as hard as later stage ones.

Forward would be heading for closure and wind down if it wasn't for Molten

Also I think there will be a bias toward new investments in the Forward portfolio given the involvement of BlackRock and the British Business Bank.

It's a dilution of the companies I wanted to hold through Molten like Iceye and Isar Aerospace by ones I don't want to hold like Koru Kids

The overall dilution is well over 20% because on top of the issue from the placing they have to issue new shares to buy Forward

i do not understand the strategy here. this is just one fund that had £2m invested in it when it ipo'd, which in itself is strange since mv have often stated they are averse to holding any of the companies past ipo as they don't want to own listed stocks.

now this seed fund is having £40m pumped in through an acquisition. so as an investor in molten my shares in iceye or isar aerospace are being diluted in favour of the likes of koru kids, an app to find a nanny.

the focus also seems to be shifting from the creme de la creme of europe to the uk. it was noticeable recently that molten did not participate in the 500m euros fundraise for aleph alpha, which you would if you wanted in on ai.

the forward companies look like the sort of garbage you find on crowdcube.

the more i think about this the more ****ed off i am getting

Unfortunately it doesn't work like that Steph otherwise we wouldn't have dropped below the last placing, which was at 800p.

That time they raised £111m on 14m new shares.

This time it's £50m on nearly 20m new shares plus the 15m new shares to acquire Forward.

I believe further dilution comes from the acquisition deal as they have to issue another £41m worth of shares to do the deal.

So all in all about 35m new shares.

I have sold a few today. Sad

Funds are not to acquire Forward. They are for new investments including buying on secondary market.