Member Info for Sycric

Why would you sell this low, someone needs the money.

You will also find in other businesses such as distribution that they have a company registration per site. If there is ever a issue like I don't know, caught fire, destroyed vehicles that were on lease etc. That company within the group would be closed. It is normal practice.

That's tragic, why would you do that haha

Mention a partnership 12 days before then go under, can't see it. This will come out the other side, I imagine a contract soon, how else would they agree financing. The closed the LED side of the business based on forecasts, it hadn't even reached dire straights yet.

Aim 15 would relate to the group being insolvent from what i can see. the group as it stands is not.
As a subsidiary LED side of the business is and the assets and liabilities will be liquidated to settle the debts of that business. Halcyon would be unaffected, the only issue that have at the moment is that the banking facility is on LED, so it being shut down would affect their bank leading facility that have available for Halcyon (Photon Technology).
I personally think it will be resolved and there will be a contract soon and from these levels it will just rocket.
Think when the initial roll-out of halycon was first suggested the cap reached perhaps £4m. (Without Contracts)
10 Bagger from here seems very possible, based on financing being sorted.

I assume it is around funding for the Halcyon project....
It's like people don't understand how limited liability companies work, it limits the liability on the directors/group if anything should happen like this. Hence the Ring fenced comment being made.
Assets minus Liabilities for Halcyon is £642k positive assets. Currently company is sitting at £380k.
In previous RNS there was mention of Several trials, meaning 4+. It will only take one sign up to kick this off.

My chips are on the table, would debate adding more. But at the end of the day there is still a real risk here. Let's just hope it pays off for us.

I don't see why you would go through the hassle of ring fencing around a business if it was just going under.
The board would of known about the struggles of LED side of the business, yet the seemed to be hiring for the Halcyon side not long back. If it was an overall struggle they wouldn't of been hiring staff.

Straight as you said that someone sold 4.7m haha, obviously doesn't want to wait.

It's gonna rocket at some point, I can just see it happening.
Realistically why would you put the other company into administration and ring fence it from this. It's to protect this asset and remove the debt, we are gonna get a contract and this is going to shoot right up. Gonna be ridiculous and gutting.

Can't explain more how under valued this currently is....

Makes sense to me why you would. There cheap, the bit of the business that everyone was saying 1p++ 2p++ 5p++ is still there...

Why get rid of the subsidiary if there was no possible way of continuing the business.
They know they can continue without it, otherwise it would of all just closed.
This way they have ring fenced off the debt and in theory saved themselves a lot of money.

"The auditor's opinion on the Group's financial statements for the year ended 31 December 2017 included drawing attention to a material uncertainty related to going concern without qualifying their report. As stated in the notes to those accounts the directors have a reasonable expectation that the Group and the Company have access to adequate resources to continue in operational existence for the foreseeable future."

That was done not so long ago, they knew about a material uncertainty. They are getting it sorted, IMO.

LED business was eating up too much money after exceptional items in was losing money.
It makes no viable sense to continue a loss making business that is projected to continue to loss money.#
As i said i'm expecting a slow move to 0.07 - 0.09. See you guys there.

Think most have already picked whether to stay or go now, we just need to see what news PSL gets now.
Halcyon is the most mature application at the trails with L&Q, contract with them would really rocket the share price.

As long as the product works and it can be implemented i doubt they will care about a subsidiary being closed.
If they think Photonstar is in a tight spot they will likely hard ball a contract that favours L&Q.
Depends on their thoughts on the product etc, we will see... I doubt they would put all their eggs in one basket for no reason. Several trails mean least 4, just sit on hands and wait now.

There has been previous talks of this hitting 1p+, all these due to Halcyon contracts.
The area of the business being sold off is loss making and will write off the debt from the business.
Halcyon is still there and contracts are still being negotiated.
Yet people don't seem to want to take a gamble at this price, funding does concern people but on the back end of contracts being signed a business loan facility will probably be arranged.

Here's to the people taking the risk, best of luck.

Exactly, place your chips. Fold/Stick/Hit

HeresHopin people buy in chucks there are a few people gathering in the backdrop.

I'm not massively worried about the LED side going, it's something that is not a niche on the market. Halcyon can be, shares are peanuts at the moment. very easily double it. Halcyon net assets are £642k, focus has been moved from a failing LED section and allowing full focus on contracts.
In regards to the 80,000 homes this appears to be about L&Q, if we got a contracts with them and they did a 5 year plan. To monitor a house all year round must be at least £20, say we get 16,000 up and going. There's the current market cap.
Lets see what happens, but i'm still in.

We own the Group, they own the company. LED one is going and Halcyon (heart of the business) remains