Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
Worth the wait ...
MicroSalt today announces a partnership with a Fortune 500 national retailer for the development and execution of low-sodium solutions across the retailer's extensive line of private branded snack offerings. This will lead to placement of several of their snacks using MicroSalt(R) in lieu of traditional salt, beginning with 800 stores by Q4 2023 and likely expanding across more than 7,000 store locations thereafter.
"We are proud to work with this leading retail chain in their efforts to offer low-sodium solutions to their customers through their private branded products. According to the World Health Organization, excess sodium consumption is a leading contributor to cardiovascular disease, and partnerships like this are a great way to make a positive difference in global health." Said Rick Guiney, CEO of MicroSalt.
This partnership is expected to have a significant impact on both companies, including:
-- MicroSalt (R) and its leading retail partner being positioned as leaders in the low-sodium retail initiatives.
-- Expanding their customer base around the globe with healthy, lower sodium alternatives.
About MicroSalt, Ltd
MicroSalt, is the developer and manufacturer of a proprietary low-sodium salt called MicroSalt(R). We are passionate about improving peoples' lives with better-for-you seasonings and snacks by taking the lead in the industry by providing the best low-sodium salt solution, based on the mechanical transformation of the salt particle itself. This solution is the only one that delivers real salt flavour because it is salt. Our new patented technology produces salt crystals that are approximately one hundred times smaller than typical table salt, delivering a powerful saltiness as the micro-grains dissolve in the mouth, with approximately 50% less sodium consumption. Additionally, the ultra-small particle size enhances product adhesion, which reduces waste and provides improved flavor consistency. MicroSalt(R) and SaltMe(R) are registered trademarks of MicroSalt Inc. To learn more about
To learn more about MicroSalt(R) Inc. and MicroSalt(R) products, visit www.microsalt.co .
Tekcapital owns 97% of the share capital of MicroSalt Ltd. and 6,034,683 shares (78%) of MicroSalt Inc., its U.S. subsidiary.
About Tekcapital plc
Tekcapital creates value from investing in new, university-developed discoveries that can enhance people's lives and provides a range of technology transfer services to help organisations evaluate and commercialise new technologies. Tekcapital is quoted on the AIM market of the London Stock Exchange (AIM: symbol TEK) and is
headquartered in the UK. For more information, please visit www.tekcapital.com .
LEI: 213800GOJTOV19FIFZ85
For further information, please contact:
Tekcapital Plc Via Flagstaff IR
Clifford M. Gross, Ph.D.
SP Angel Corporate Finance LLP (Nominated
Adviser and Broker)
The positive from this going into administration would be the gardener's shares would then be worthless.
Has the company called in the police or the FCA? if not, why not? How can that level of revenue just diaappear?
"Whilst it is extremely disappointing that 2022 revenues are likely to be so far below the figures provided by the previous executive management team..."
The Police and FCA should should brought in.
Ive read 1000s of RNS but this may be the most laughable ... "Neill is now on garden leave and has ceased to have day-to-day responsibilities, unless required by the Company,"
Company phones NR, "Neill can you come in today, the reception lawn needs trimming and there's some dog's mess that needs picking up."
This doesn't read well
"... Directors now believe that, in the event that the planned commencement of long hole stoping in April is delayed, or the anticipated tonnes of ore mined in April and the following months is significantly below the current mine plan, then a material uncertainty would exist that casts significant doubt over the ability of the consolidated entity to continue as a going concern in the very immediate term and therefore its ability to realise its assets and discharge its liabilities in the normal course of business."
I see that nr is still showing himself as 'Day job is CEO@versarien (ceo@vrs)'. He needs to change that to ... you can fill in the blanks.
Given what's happened here and a few other companies recently, CEOs constantly on social media and platforms such as v ox etc I now treat as a massive red flag. Of course there is a balance, but I remember certain CEOs, whose companies I mistakenly invested in, appearing to spend much of their time on social media advertising their story.
Any chance it could have a positive outcome? No, whatever happens now, trust has been broken.
Dilution, but at a premium to current price. In the current market that is impressive.
"All new ordinary shares issued in connection with the Placement shares will be issued at a price of 7.79 pence per new Ordinary Share, which represents a c.2% premium to the 30-day VWAP ending on 5 February 2023, being the last practicable date prior to announcement of the CIG Investment."
Desperate course of events, made by a company that appears to be on the brink. It had so much promise as well.
Shambles.
Dreadful situation and LTH's are having their pants pulled down and given a right thrashing with the forthcoming equity raise. This should have been a great company ... but it just goes from bad to worse.
And to say that the new raise will take the company to breakeven ... well, if I recall correctly they've said that quite a few times in the past and here we are again.
"... is pleased to announce its intention to raise gross proceeds of approximately £0.5 million by means of a placing ..."
Is PLEASED they write ... BODs should send out a further RNS including the words ' ... and we apologise to all current shareholders.'