Member Info for Seadoc2

Skwizz,

Yes guilty as charged. Got too old to manage 44ft of tupperware in mid pacific ocean so sold up in NZ and living in Monmouth. Could have done with a few boaty bits on the morning of 15th Nov when I woke up with no power and looked down the stairs to see waist deep water. We had to be rescued by boat. Just moved back in after 13 Air B&B stays mostly out in the wilds of mid-Wales, probably lovely in the summer but only two were within walking distance of a pub. The downstairs is now dry, clean and back on power and on-line. But no kitchen (and it was only 3 yrs old) so we have set up a camping kitchen in the old library, sadly most of the sailing guides were on the bottom two shelves and ended up in the skip. Cooking now is a bit like on the boat but I have to walk to Waitrose for fish rather than throw a line out the back. Good to see some of the old names still here after seven years, hopefully they also cut and ran or held short positions. I see the percentage of playground banter is little changed and a quick run through "Hot Chat Topics" is still a good way to search out potential shorts. My long portfolio is much the same, closed a few that were past the sell by date and bought a few new ones, mainly medical and gold. Nothing obvious on the horizon, most of my multi-baggers date back to my sailing days and I have sold a few of them. The only short I am thinking of adding to is AML and some USA tech stocks, Strategy Inc on Nasdaq if you think crypto is toppy (been closing only for a few days) and if you want an AI that is overpriced Serve Robotics, also on Nasdaq. Thanks for the shout out and happy hunting, Seadoc (the second).

Careful! There was a poster who got a ban for saying that a CEO had been economic with the truth. Not because it was pointed out that he stood over the wellhead claiming there were 3 billion barrels of oil down there but because he later said that he had never said that. The video of that exchange appeared some time later, I think on Panorama. But to change subject - I wish SS a happy retirement.

I am always a bit wary of "new", as in novel, ways of trading. It could work, bitcoin did make some early investors a lot of money, and there are still strong followers of cryptocurrencies but as an investment it is an idea that I have, rightly or wrongly, avoided. I did not listen to the investor call but thank BashM for his summary. On that limited introduction and the company website Gary Cottle reminds me a bit of Alessandro Zamboni over at SYME, he had a new way of monetising inventory or something like that. And look where that has gone. 0.8p down to 0.0028p in 5 years! I wish you all luck but as they say on Dragon's Den - I'm out.

This is NOT an agreement to pay within 5 days from now.

"The Board and QGP expect to enter into a Definitive Agreement within 30 days."

"The cash will be payable within 5 business days and the VGOLD-CORE upon signing the Definitive Agreement."

Note "expect" and 5 days from an "expected" event.

They have not just moved to goal posts, they have also changed the shape of the ball.

The guaranteed offer was for 12.7%, there was an additional 21.2%, the excess allocation was for those who did not tender or tendered less than 12.7% of their holding. I sold 97.36% of the shares I put up for tender. My shares were held in an account with interactive investor. Similar has happened before with other tenders for shares I have held in dealing accounts. I think the explanation is that ii got the 12.7% and 21.2% of all the shares ii held on behalf of all customers who held shares within their accounts. But not all the ii customers tendered some, or (like me) all of their shares. I benefited from not only the global holders who did not tender but in addition to those holding shares within a portfolio with ii who did not tender.

An AI summary:

Probiotix Health PLC reported a significant increase in sales for the year ended December 31, 2025, reaching £2.73 million, a 45% rise from £1.88 million in 2024, with gross profit also growing by 46% to £1.48 million. The company successfully reduced its EBITDA loss from continuing operations by 34% to £426,000, while improving its gross profit margin to 54%. Probiotix Health ended the year with a cash balance of £1.27 million and remains fully funded, having launched ten new products during the period. The company noted a positive start to 2026, achieving profitability in the first quarter with a record order book of £1.3 million, up 110%.