Member Info for simbow66

Not ramping in anyway and nothing that is not already published... Concern is for new variant of MPOX called Clade 1. An enhanced protocol is being put into place as we speak for clinicians/ health workers etc. which includes Rapid Testing. Although risks low currently, UK/ rest of world is looking to be better placed for testing as not the case when COVID happened. Airports are also being told to tighten screening for MPOX.

So as seen in my local news today. Boohoo have kindly advised the nominated factories of the below. All this will do will drive down conditions in factories etc. Nothing changes...

Fast-fashion giant Boohoo is forcing suppliers in Leicester to charge them less amid a loss of almost £91 million, a source has told LeicestershireLive. And they fear workers will bear the brunt of the impact.

An employee of one of the group's local suppliers, who has not been named, said the company recently sent an email telling suppliers that orders would be "discounted" by up to five per cent. But he added that invoices showed 10 per cent was deducted on orders for brands under the Boohoo Group.

So as seen in my local news today. Boohoo have kindly advised the nominated factories of the below. All this will do will drive down conditions in factories etc. Nothing changes...

Fast-fashion giant Boohoo is forcing suppliers in Leicester to charge them less amid a loss of almost £91 million, a source has told LeicestershireLive. And they fear workers will bear the brunt of the impact.

An employee of one of the group's local suppliers, who has not been named, said the company recently sent an email telling suppliers that orders would be "discounted" by up to five per cent. But he added that invoices showed 10 per cent was deducted on orders for brands under the Boohoo Group.

430000 here.

You are missing the point... They have used cash to ramp up production and still are debt free. How are they supposed to increase production if they don't invest?

I can tell everyone this as I have worked in the textile industry in Leicester for all my life... Boohoo will be fully aware of the conditions of the factories in Leicester. Most of Leicester is making for the Boohoo group of companies and indeed produced for the owners long before it was called Boohoo. The Factory owners will know the Boohoo owners very well from the early days. I know this for a fact. Boohoo have screwed the Leicester textile producers to the bone, price wise. So of course wages/ conditions are poor. Leicester has never been so busy making for the online retailers.

What's not to like? They have upscaled production substantially and are hitting targets. If you were looking to invest in a company on it's merits, not many better than Novacyt.

Childish...there you go.

I have, very easy to do.

Recently cancelled my subscription to LSE. For me this site is a hinderance and poorly run... Shame.

Newspaper headline from earlier today...

THOUSANDS of Brits face mass coronavirus testing at GP surgeries as officials prepare for a worst-case scenario that could see 500,000 die.
Ministers are now considering the assumption that more than 50million people in the UK could catch the killer bug.

RNS Number : 7462Y
Argo Blockchain PLC
13 May 2019

PRESS RELEASE

13 May 2019



Argo Blockchain PLC
("Argo" or "The Company")

Strategic Partnership with HIVE Blockchain

£5.1 million share swap values Argo at 11.6p per share


Argo is pleased to announce that it has entered into conditional heads of terms with HIVE Blockchain Technologies Ltd ("HIVE") to create the world's largest purpose-built business-to-business mining service provider aimed at large-scale enterprise and institutional customers.

The new partnership, which follows three months of discussions, will enable miners to benefit from the combination of the two groups' existing mining capacity, including part of HIVE's 45MW and part of Argo's 10.5MW capacity.

As a foundation stone of their proposed strategic co-operation, HIVE and Argo have conditionally agreed to a share swap arrangement, by which Argo will receive 16,321,281 HIVE common shares, representing 5% of the existing outstanding share capital in exchange for 44,062,500 ordinary shares in Argo, representing 15% of Argo's existing issued share capital.

The transaction values Argo shares at 11.6 pence per share, a 231% premium to Friday's closing Argo share price.

The transaction, which does not involve any cash payment by either side, is expected to close on 30th June 2019 and is conditional on the completion of satisfactory due diligence by both parties as well as Argo receiving an independent valuation in relation to the transaction for the purposes of the Companies Act 2006.

HIVE is one of the world's leading crypto-mining companies, with state-of-the-art mining facilities in Iceland, Sweden and Norway. The company is listed on the TSX Venture Exchange in Toronto - with a market value of C$179 million at Friday's closing price - and reported mining income of US$35.2 million in the 12 months to December 2018.

The cryptoasset sector has appreciated dramatically since 15 February 2019 with Bitcoin (BTC) prices almost doubling from US$3,566 to US$6,900 as of 12 May 2019. This has coincided with increased demand from institutional customers. The Company has previously announced the purchase of 1000 Z11 mining rigs which are in production as of 2 May 2019 and 1000 S17 mining rigs which will all be in production in July 2019. The Company is pleased to announce that an additional 783 S17 mining rigs have been purchased for a total consideration of US$1.5m. These new S17's will be in production in early Q3 to meet the significant demand the Company foresees from the partnership announced today.

Institutional investors and large enterprises have shown increasing interest in the cryptoasset sector. However, the need to ensure compliance with a wide range of legislative and regulatory requirements, has resulted in a cautious approach to the sector being adopted. In particular, the lack of clarity around provenance of cryptoassets has caused significant concern, especial

NetScientific plc

("NetScientific" or the "Company")

Share Price Movement



NetScientific plc (AIM: NSCI) notes its recent share price movement and confirms that it is not aware of any reason for such movement.

Furthermore, the Company notes, that despite the increase in share price over recent days, the current share price still represents a substantial discount to the share price prior to announcing the update to the Strategic Review on 20 December 2018.

In line with Circular sent to Shareholders on 15 February 2019, the Company's strategy remains to seek to maximise shareholder value from the Portfolio Companies based upon the remaining cash resources of the Company by:

(a) allocating the Company's remaining cash to managing the Company's stakes in those Portfolio Companies which the Board believes provide the most realistic prospects of delivering Shareholder returns within the anticipated lifespan of the Company. At this stage, those Portfolio Companies would be Glycotest, ProAxsis and PDS;
(b) assessing the funding requirements of each Portfolio Company against its prospects of generating a Shareholder return within the anticipated lifespan of the Company. At this stage, Glycotest, ProAxsis and PDS do not require further funding from the Company. However, Wanda and Vortex do require further funding and, currently, have not secured such funding from third parties; and
(c) reducing the Company's central functions and costs significantly such that as much of the remaining cash as possible can be so allocated to the Portfolio Companies and the Company can continue to operate for as long as is reasonably possible whilst it seeks to generate shareholder value from the Portfolio Companies on the basis detailed in the Circular.

I have worked with Li & Fung, they are huge. This will a big bonus to sourcing competitive products and to have the support of such a powerful organisation.

Profit.. maybe you ought to read again all of your many rampy posts from last week re. GCM...putting it politely, you are an idiot.

Quite simple... the Indian way.

Since 2007 I have spent at least 6 months per year working in India and I fully expected GSPC to apply for an extension. Knowing how Indian companies work, I feel they do not have the funds and nothing more than stalling tatics. Extension has not been given, and if it is, nothing has changed before this RNS landed. MMs will shake out the weak who have no clue what is occurring here... I am heavily invested here, you need to remember Cambay is very important to India/ Modi.

Some games today.. my 9.30 20.85k buy shown as a sell.

Just.

I spend six months of the year working in the textile industry, in India, and I can say the following.. The Hindustan Times is now the third most read newspaper, almost second, with an average daily view of approx. 7000000 people. Also India is rapidly producing more clothing for the Domestic Market, especially fashion. Wages are increasing and so more is being spent on clothing. Koovs could not have timed this better and I believe they have massive potential here in India.