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Naive assessment, they would have dumped the lot, but there are not quite enough morons buying to enable them to do so. I have no doubt I could bid for and get the whole 13% if my IQ was also 13

Staggering level of denial here, though an interesting comment on human nature and an insight into why so many believe in fairies, the moon landing was faked etc etc. Lanstead do not appear to be hopeful seemingly

In fact Brown has made more shareholders rich than nearly any other CEO in the small cap market. The inhabitants of the of these boards tend to be those that paid to much and didn't sell. The market cap of RMS was £100m at one point, many shareholders got rich (though none are likely to be posting here) the same is true of Braveheart - millions paid out in dividend, share price 10 bagged between 2019 and 2021.

TheSyrup, you should follow the example of callit and do a bit of research. Braveheart paid out a dividend of 42p a couple of years back, no other AIM company has come close to rewarding its shareholders as much as that, even at current 6.5p, adding back the 42p dividend, to 48.5p shoots the lights out over a three year period compared with any other AIM stock over the same period.

What Is Death Spiral Debt? Death spiral debt describes debt financed through the use of a certain type of convertible bonds or convertible preferred stock resulting in an ever-increasing number of shares of common stock, inevitably leading to a steep drop in the price of those shares. Ultimately bankruptcy can result.

Where has he gone - has he been nicked? Looks like he is stuck with the shares he bought earlier in the week hoping to find enough greater fools to buy his barely coherent gibberish. Btw over the past week or so this site has become an embarrassment to UK education and the human race

Once a Duffin, always a Duffin, so if the past is any guide to the future, I would not be surprised by one last Alice in Wonderland RNS, which will have the share price spiked by the 'never learns' here, their presence evidenced by myriads of £300 bargains and myriad moronic posts ......and then goodnight Vienna

More fantasy from Walter Mitty, the VWAP is 0.078 and the value of shares traded is £16k

Utter fantasy, from a Walter Mitty character apparently

Zero sales, Zero resources, Zero finished products, Zero talented CEO, Zero prospects, Zero share price quite soon, Zero reasons to buy it unless you are a gambler mis-representing yourself as an investor like one tedious recent poster

ProfitJock, there aren't any institutional investors in this stock. if there ever were any they have sold long ago when the market cap was above £40m. Your ad hominem scribble suggests you are in a rather desperate position

Yes Syrup it is Nottingham Trent

ProfitJock, like others here, I assume you are talking your book, i.e. you have bought a few at this level in the hope of trading them on at a higher price and so you post accordingly. A few observations, the company is still capitalise at more than £1m but the value of an AIM shell listing is virtually zero now that the FCA requirements of RTO have changed. £300k is the going rate for a clean AIM shell. The price is not down to the bone at all yet, though it might well be soon. The main IP is owned by Sheffield University who license it to Pharm 2 Farm a wholly owned subsidiary of NNN. Have you checked what would happen to the license if the relevant company goes into administration? I suspect all 'investors' in NNN are 'amateur investors' not sure what you are trying to say here. To answer your question, I think it tells me that you are a rather worried speculative buyer because like all of us, you have read the very disturbing RNS and seen that the current CEO is not likely to be able to effect a rescue

Jarv, Brown is no saint but there is no doubt that he put the whole thing together brilliantly, the steps recorded in the various RNS of 2020 show how he did it. Another thing not often mentioned is the large numbers of RMS shareholders who made serious sums of money in the aftermath, including the Nomad, who as luck would have it, took shares in lieu of fees when they were .04p or something in the first half of 2020 - I reckon a £1 million profit at least for them when they sold later in the year

Yes, voting him out was as tragic as the Brexit vote. His plan was to issue 2p warrants which were then almost certain to be exercised, this providing the funds required to launch the commercialisation of the (at the time) hotly sought masks.

Gareth Cave has been much maligned here over the past year or two, but let's try to set the record straight, He is an innovative scientist in the tradition of a long line of British inventors. His technique for producing a specific type of nano particles and from that his development of a truly effective 7 hour anti-viral face mask was a world first. He has not profited personally at all from his involvement with NNN or its predecessor. He is a dedicated man motivated by the possibility of using his area of science to make the world a better and place. Throughout, GC has managed a serious personal struggle with courage and fortitude while continuing undeterred, with important medical research projects

It is very difficult to discuss objectively what went wrong when most shareholders here bought in the last two years, i.e.after the groundbreaking work by Cave, and mainly as a trade and not investment. The anti-viral mask was innovative, serious, and verified independently. There were problems with the mask making machine which were frankly bad luck. Who would have thought a mask making machine would not actually be able to make masks after delivery, which was protracted and primarily caused by bad luck. The mask market interest in the innovative technology was huge but through no fault of their own the Company was not able to produce the masks to satisfy the potential demand. To any objective observer It is clear that Cave and the then Board acted in good faith. The key investor, Braveheart Investment Group, being an investment business, having put the deal together with RMS (as it was then called) sold its investment at a profit as it had a duty to so do. This was a distraction to many observers and shareholders but had zero effect on the business (how could it?) though it resulted in reams of comment, most of it ill informed.

It was at this critical point of distraction that shareholders were encouraged to remove the incumbent directors and replace them with others with no relevant experience, the main attraction being they were not the previous board, and it would stop the further issue of shares which appear to have been required for a fund raise to fund the proper commercialisation of the nascent mask business.

After that the decline started, mainly because the new people had zero understanding of the strategy and ambition of their predecessors. The new board eventually had to give way to another untested team and the result it that everything pretty much that was available in January 2021 has been lost.

Pretty much all that has happened since the eviction of the original board has nothing to to with the original aims of the business. Shareholders could have sold shares for months afterwards at prices equivalent to market caps of £60-£40m, those that didn't and are here now should think hard about their reasons for staying in and ask whether their reasons are still relevant know, three, six, twelve months ago

In practice if you are a plc and looking ar running out of cash by a particular date, ceteris paribus you will not be able to reach that date in practice. There is a point where you can see for certain that e.g. cash will run out in ten or 20 days and there is no prospect of funds coming in, you would put the company into administration at that point. You cannot as a director wait until there is a zero balance, it is too risky fiduciary duty-wise to do so - so forget June imho

TW is rarely wrong but in this instance he is. AIM shells are not what they were. A shell needs to raise a substantial amount of money nowadays to be permitted to do an RTO. The CEO (rumour has it) has already tried to pull off one or two RTO deals but it was beyond his reach and abilities. Remember we are not talking about a Premier League CEO here. See this from Google: "Recent restrictive listing rule changes at the London Stock Exchange mean that existing cash shells and SPACS have become much more valuable. Effectively an RTO (reverse takeover) on both premium and standard segments must now be £30m or more. No more tiddlers, which will now have to consider alternative markets!"

There seems to a problem with addressing the situation realistically. There appears to be no actual business with sales and products, only aspirations - its essentially a greenfield operation or start-up. There appear to be zero funds with which to turn any aspirations into actualities. There appears to be no possibility of raising funds because there is no actual business, any funds raised must necessarily wipe out existing shareholders because the new money would be all the business. These facts will not change even with a board and CEO even if a genius, The motive for the GM appears to be vengeance - if there is a logical reason for this action, what is it? The last time shareholders threw out the incumbent board it marked two years of subsequent decline and the destruction of the £5m cash the old board had raised. The motive then was also revenge. An adult conversation is required here and only United Guy seems to be a position to start it