Member Info for skittish

NCYT will report its Annual Results on or before 30th April.

Presumably we will therefore get news about "everything" within the next 48 hours.

Hi gb,

If you read back through the history ASLR and Mesh now seem to be acting in tandem, although their interests may not actually be exactly aligned.

ASLR presently have options to acquire around 35% of the Sentiance enlarged capital, MESH around 55%, the remaining 10% being directors, employees etc.

Both have stakes at present, I think ASLR 7% (from memory), MESH 16%, but both need to raise big money to move forwards and exercise the options.

MESH appears to have been the original preferred vehicle but that allegedly had problems with the FCA due to the involvement of Robert Bonnier, or at least his missus, as she is a major shareholder in MESH. Bonnier got into a mess many years ago over allegedly lying in RNS's (there was a story in The Times in January 2020) and has been persona non grata ever since so far as the FCA are concerned. His associates have now been booted out of MESH, but presumably she is still a shareholder. The FCA, I think, won't allow MESH to be used as the vehicle to float Sentiance, with the Bonniers involved and her holding shares.

https://www.thetimes.co.uk/article/dotcom-financier-robert-bonnier-linked-with-sentiance-bid-6ljrwkcg6

Enter, stage left, ASLR.

So I think ASLR will be the vehicle actually used to list Sentiance, with MESH somehow piggy backing on the float.

I'm not sure how much Sentiance is expected to be worth, but there appear to be quite a few people scrambling for the spoils already via ASLR (and possibly AAA and now PIRI) so it must be expected to be worth quite a bit.

MESH need to hold an AGM by 30th June so there may be some news from them soon.

Last year YOLO's H1 report was 30-4-19 so we may get ASLR's H1 on Thursday.

Whatever is going on there appears quite a few people keen to gain an interest in ASLR shares and warrants at 130p - and one of the original fundings had warrants exercisable at 130p if the shares went above 280p! for 5 days.

Hopefully all can be concluded by mid August as our 6 month suspension is up then :-(

But these fund raisings by AAA and PIRI may mean progress of sorts, although there is no guarantee that the raisings will be used to invest in ASLR , although I suspect that they may be used as a means of gaining a semi detached interest in ASLR and Sentiance.

Here's hoping.

Interesting RNS from AAA this morning.

They announced a fundraising on 3-4-20 with an EGM on 30-4-20 raising £1.26M @ 1p, with 1 warrant for every 3 shares @ 1p but no circular was ever published. That £1.26M was to be for working capital and certain unspecified tech ventures.

Their principal asset is 1.13% of ASLR and some warrants in ASLR.

Now (28-4-20) they say 192 Pte Ltd, a 14.5% shareholder in AAA, proposes raising a lower unspecified amount but at 1.5p, with warrants at 2p. The original funders won't lose out as they'll still get warrants - but at 2p!

The market seems to like this news as the AAA shares are up 6%. AAA say they are considering matters.

192 Pte Ltd is of course Peter Antonioni (of UCL and "Economics for Dummies") a 5.7% shareholder in ASLR. He appears to have got those shares around the time of the January placing, at 40p.

Subsequently he took his 14.5% stake in AAA on 16-4-20 buying 100M shares @ 1p for £1M (the sellers were companies associated with Peterhouse, broker to both companies and PIRI, and they'd got them at 0.1p a few months earlier). That same day £1M shares were sold in ASLR @ 70p - see my post that day - presumably by Peter Antonioni - or maybe simply swapped with the Peterhouse companies.

So it looks like Peter Antonioni buys into AAA, and then seeks to upset the apple cart when it comes to the fundraising at 1p. I'm sure the original proposed placees won't be too happy at having to pay 100% more.

And where might he get the cash to buy another circa £1M of AAA - well maybe from a sale of some of his ASLR shares again bearing in mind that the latest conditional placing was significantly oversubscribed at 60p, with warrants at 130p.

Is he seeking to offshore a greater proportion of his anticipated profits from ASLR, as AAA is registered somewhere like the BVI?

Difficult to see how the AAA board could refuse his offer when it is priced 50% to 100% above the existing proposal.

And then PIRI (totally unconnected) propose a £1.060M fundraising on 24-4-20 for investments in certain unspecified tech ventures. That fundraising would involve Chris Ackers putting forward about a third of those funds.

Could the PIRI fundraising be an alternative way of Chris Ackers further investing cheaply in ASLR, in the event that 192 Pte Ltd corners the market in the issue of shares by AAA? He obviously doesn't want to pay 100% more.

Chris Ackers still appears interested in investing directly in ASLR @ 60p and 130p, per the latest ASLR placing, but using cheap PIRI shares could be a way of getting in cheaper if his subscription in AAA @ 1p is knocked back in favour of 192 Pte Ltd's offer of 1.5p.

If so, then it means that the ASLR acquisition of Sentiance is moving forwards, slowly.

Nice daily wedge forming - up or down when it comes to the pinch point ?

We'll find out soon.

Sorry -

"AAA had proposed an EGM to be held on 3-4-20 AAA to support a further £1.26M placing"

should read

"AAA had proposed an EGM to be held on 30-4-20 to support a further £1.26M placing"

No circular issued yet, so uncertain whether that is going ahead or merely delayed.

AAA not only seems to be being used to support ASLR but possibly to distribute the spoils from any successful Sentiance float more widely. ASLR suspended at present pending admission document for RTO.

I note that Riverfort is supporting the funding and will hold 22.5% of PIRI following the PIRI fundraising.

I'm wondering if PIRI will be used to support the ASLR acquisition of Sentiance, in a similar manner to which Ackers is using AAA to support ASLR.

After Ackers recently invested in AAA they then invested in ASLR . AAA had proposed an EGM to be held on 3-4-20 AAA to support a further £1.26M placing although the precise use of the proceeds was not disclosed. The suggested date for the AAA EGM was 30-4-20 but nothing more has been heard about it - so obviously not going ahead on that date.

Now we get PIRI doing a £1.060M placing with Ackers involved again. No date yet set for PIRI AGM.

Does the proposed PIRI funding replace that proposed for AAA?

All three companies involved in IoT etc investments.

Interesting times.

Something seems to be afoot.

AVCT!!!? Delusional......

As the company itself has retweeted Lord Bethel and the Mail article, at around 12.30 today a RNS is really nailed on for 7.00am.

They can hardly retweet glowing praise and significant news and then not RNS.

Alarm clock set for 6.55am!

Forum Energy Services Limited (FESL) and its sole director and CEO Paul Forrest have been coy about what their plans might be for AAOG after our next EGM, notwithstanding that they own 25% of AAOG.

Tilapia should be sailing off into the sunset with Zenith on 5th May 2020, and AAOG should be richer to the tune of £200K, and no longer have the debts and liabilities of AAOG Congo.

Notwithstanding that FESL own 100% of Saltfleetby Energy Limited (SEL) (which just happens to have £12M in its bank account) I had come to the conclusion that our new directors were more interested in a mineral play, possibly battery related, than any oil and gas assets.

That certainly appears to be suggested by the background of our newly appointed directors.

That was reinforced by the fact that Paul Forrest had, as secretary, resigned from another company Forum Energy Limited (FEL) (which happens to own Philippine oil and gas assets and used to be listed on the LSE) on 31st May 2019 which was shortly before SEL and FESL took over the Saltfleetby gas field on 17th June 2019.

It appears someone wanted there to be clear water between Paul Forrest's time at FEL and then SFE/FESL, which on the face of it are totally unrelated companies, only linked by similar names and the fact that Paul Forrest worked at FEL before leaving and moving a few weeks later to SEL when FESL bought them, and prior to FESL buying into AAOG as a possible RTO target.

The relevant filings are here -

https://beta.companieshouse.gov.uk/company/09903234/filing-history

https://beta.companieshouse.gov.uk/company/05411224/filing-history

https://beta.companieshouse.gov.uk/company/00953066/filing-history

So far so good.

Now here is the thing - FEL raised £2M by issuing shares on 15th April 2020, their first fund raise since 2017 and only the second since they delisted from the LSE in 2015.

But that fund raise could have been for anything and no indication of who put the money in or bought the shares.

However, more intriguingly the document filed at Companies House confirming the raise was signed by one Paul Forrest (you can click on the link marked "view PDF").

As I say it could mean nothing, but that fund raise on 15-4-2020 was the day before the AAOG EGM on 16-4-2020, which was the day before the latest RNS on the 17-4-2020 which suggested that FESL and Paul Forrest wanted rid of Tilapia ASAP.

And it does show that notwithstanding his resignation as Company Secretary, and what would appear to be an attempt to distance himself Paul Forrest is still closely involved with FEL.

Could be nothing, but the coincidence of dates and people is intriguing.

Maybe there is a sign of behind the scenes manoeuvring going on.

The PHE North West virology testing lab address is shown on Appendix 2 of this document.

https://www.england.nhs.uk/coronavirus/wp-content/uploads/sites/52/2020/03/guidance-and-sop-covid-19-virus-testing-in-nhs-laboratories-v1.pdf

The address is across the road from the Yourgene labs as shown in this photograph -

https://ibb.co/VTrdBMc

It is reasonable to think that there could be a close relationship here and that the Yourgene Citylabs facility was chosen in part for its close proximity to the PHE NW Virology Testing Laboratory.

Neat write up on games developers in The Times Tempus column today - well worth a read - and Tempus has made/saved me a small fortune in the past, so that column is well worth a read (subscription) every day.

TM17 gets a big mention.

Tempus doesn't always get it right, but he is right often enough.

A snippet -

"This column recommended buying shares in Team17 in November, since when the shares — down 2p or 0.4 per cent to 550p yesterday — have risen almost 59 per cent. Mind you, the previous month, it advised that Keywords shares be avoided on valuation grounds alone. Up 62p, or 4.5 per cent at £14.25, they have gained in value by nearly 19 per cent.

That kind of growth means the shares trade on high earnings multiples. In the case of Team17, its shares are worth just over 40 times Liberum’s forecast earnings per share; at Keywords it’s similar. For those that believe the sector is a long-term winner, those ratings are uncomfortable but can be defended.

Advice Buy
Why The sector, already growing rapidly, is one of the few likely to be a beneficiary of the coronavirus"

https://www.thetimes.co.uk/edition/business/digital-game-developers-look-winners-cm2np7jkj

Paris halted - they usually lead.

Wait til they get going again.......

Scammer who has been sussed by the rozzers.

Never to be seen again.

Oryx has probably been hit hard elsewhere in the general slide in share prices - an opportunity to make a bit of a return here and balance the books for the bossman.

Looks like a few on the other side are suddenly worried they might have missed the boat - sudden talk of funding issues - so transparent.

So Octopus went from 4.44% to 0% on 15-4-2020

Oryx is much more interesting -

2-4-2020..............9.08%
8-4-2020..............7.65%
14-4-2020............5.79%
15-4-2020............3.32%
16-4-2020............2.33%

With 17-4 and trading today they are almost certainly all gone. No drag on this now.

Stifel - big hitter.

https://www.stifel.com/

https://www.stifel.com/investor-relations

Interesting that they should notice YGEN.

Mologic - CNN

https://edition.cnn.com/videos/business/2020/04/17/uk-coronavirus-antibody-test-kit-mologic-nick-paton-walsh-pkg-intl-hnk-vpx.cnn

"Scientists are racing to develop antibody tests that can tell people if they have had Covid-19 and may be safe to go back to work. One UK company may be close to an answer."

Pinched from GDR board -

"This was out Friday from mologic.co.uk, they have govt grant and grant from bill/Mel gates Foundation...

17 April 2020 – 16:00HRS
UPDATE
Mologic’s COVID-19 laboratory and point of need antibody tests have graduated from research and development, achieved design freeze and are in manufacture

We are pleased to announce that Mologic’s COVID-19 laboratory and point of need antibody tests have both graduated from research and development, achieved design freeze and are ready for manufacture.

Both COVID-19 tests have been independently assessed by the Liverpool School of Tropical Medicine (LSTM) and St George’s University of London (SGUL) and are now being prepared for launch with CE mark. Mologic is proactively engaging with further independent validation groups, including the UK government, the World Health Organization, and the Africa CDC.

Clinical performance of IgG ELISA among known COVID-19 cases (PCR positive >10 days of diagnosis):

Sensitivity 99% and Specificity 98%
Total PCR positive cases tested 101
Total negative cases tested 314 (pre-2019)
Mologic will be announcing several critical milestones in the coming week, including open access publication of the full data and additional results."

RNS on YGEN.

"In addition, as announced on 25 March 2020, the Company signed a contract manufacturing agreement with Novacyt S.A. ("Novacyt") to support the production of COVID-19 diagnostic tests developed by Primerdesign, Novacyt's molecular diagnostics division. The contribution from this partnership has started to crystallise in the new financial year with our first shipments now successfully completed"