Member Info for The.Italian

Just picked up on the fact that renalytix has announced today that it is appointing stifel as advisor to deal with the formal sales process which it has launched today after the approach from a possible third party acquirer. fum ppointed stifel as its joint broker in middle of febuary, a move which i personally found extremely interesting. im certainly not suggesting that fum are about to launch a formal sale prices. far from it, as i am sure they will want the increasing sales rollout to have plenty of time to bear fruit, but i do think it is an indication of what the board sees as the future direction of travel. just felt it was interesting to make the reference, but obviously nothing more than speculation on my part at this point.

Amused to see the tag team this morning. none too subtle!

onsolid, agree. pleased to see reference to further degearing,which is exactly what you want to hear s we move to interest rates pivot.

Things moving forward as expected.

Spahawk,you need ro read the formal RNSs regarding results etc. you will find it has proven effective in approximately 60/65% of users.it has never been claimed to work for everyone .the point is that it has been shown to work for a majority of users and on that basis the negative reviews need to be seen as not reflective of the majority of real world users. imo

Franlian, its a mug's game to predict s/ps, as there are so many unknowns and possible variables. however, as you have asked,my own personal prediction is that ultimately Fum will be taken over in some way,as i see this as L/O's only realistic exit strategy. i do not think this will be for less than 100p per share. purely personal opinion and no advice intended whatsoever. good luck with you investment..

Afternoon albert.sorry you have had a disappointing response.looks like the wait goes on for a proper substantive development.i will post anything i get from HL as and when.

Agree, yesimabeliever.unless the current leases are on favourable terms(i.e. less than market value rents), then moulding's status as landlord is not material.he could be awkward, but the company tenants, as separate legal entities,have rights which would subsist absent moulding as ceo. aimo

Glad to hear that, londondan. let us hope the market comes round to our thinking when we have more transparency on sales etc. i'm confident it will.

For me the haleon reference just serves to emphasise the current disconnect between the s/p and the potential value. aimo.

Afternoon,dominicus. only just seen your post as i'm not currently invested here and don't follow the board on a daily basis.my reference to institutional investors was simply in response to an earlier post referencing the perceived need for further investment in anic.i did think it actually referred to institutional investors,but i can't find the post in question now, so perhaps it was simply my interpretation.anyway,my point was simply that,imo,institutions might well find the shellbay aspect off-putting. as you say, there is a certain level of opacity which makes it difficult to assess and as I've mentioned before the New Agrarian aspect is also a tad unclear.do the private investors benefit from shellbay's advice etc, for which the public investors in anic pay the fees? im not suggesting that is the case, as i simply do not know, but it is an aspect which might concern potential investors. as i say im not currently invested (i have been in the past) and i hope it works out for those who are.

Https://www.napster.com/us/wp-content/uploads/sites/5/2022/06/Napster-Litepaper-V1.pdf also if you are interested as to how you may be able to use the tokens you could read the napster 3.0 litepaper which explains the "vision" .the tokens won't be useable/tradeable until end of march(projected date ,so you need to follow the news for confirmation). no idea yet as to value,but there will be 10 billion issued. also ,as albert kindly point out,i have posted the text of the messages i have had from HL regarding how holders on that platform can access them.if,as sounds to be the case,you have the holdings on one of the trading platforms,you may ,of course,get detailed advice from you own platform provider. just to be clear,i am not offering any advice here and this is just my personal understanding of matters.the situation is not straightforward,so if in doubt,you my need to get professional advice.

Slightly tarnished by age, albert! or should that be burnished? hope you hear similar from II.

Yes,thanks for those bothwell.dont think I've seen them before.serves to highlight the frustration at not having heard anything since end of august financials, when they said they were hoping for SPA approval by end of 2023. obviously they haven't got it as they would have announced it. if no prospect now of getting it they need to come clean and say so.

Here it is.had to post in two parts,as wouldn't copy the whole. ive also had another one about my sipp, explaining i can't withdraw them in specie, as would be in contravention of sipp rules. i'm probably going to wait to see what else HL say in due course. i really don't fancy getting involved with an algorand wallet, so i'm hoping they may be able to come up with a cash alternative once they become tradeable and have a value ascribed. bearing in mind there are 10 billion in issue i'm not getting too excited! hope this helps albert, at least until you get a reply from II

We are not able to provide any advice or instruction in relation to Algorand wallets, your transfer of the Napster Tokens to an Algorand wallet, or your use of an Algorand wallet which is at your own risk. We accept no liability in relation to any use of an Algorand wallet. Any instruction to transfer your Napster tokens must be given directly to HL; you cannot transfer your tokens by speaking directly to the Napster Innovation Foundation. In order to transfer tokens into an Algorand wallet we require you to confirm that you understand the following:

Hargreaves Lansdown cannot provide any advice or instruction in relation to Algorand wallets, your transfer of the Napster Tokens to an Algorand wallet, or your use of an Algorand wallet which is at your own risk. We accept no liability in relation to the use of an Algorand wallet.

You must only provide HL with your Algorand wallet address. You must not provide HL with your private key to your Algorand wallet address.

There is no way to recover your tokens if you lose your private key. HL will accept no liability for this risk.

The wallet address you provide must be an Algorand wallet address. If you provide a wallet address other than an Algorand wallet address, then your tokens may be lost and irrecoverable upon transfer. HL will accept no liability for this risk.

If you provide HL with an incorrect or incomplete wallet address, then your tokens may be lost and irrecoverable upon transfer. HL will accept no liability for this risk.

Hargreaves Lansdown shall not be liable for any loss of your tokens if you fail to follow the above instructions or correctly understand the highlighted risks.

If you decide to transfer your tokens Hargreaves Lansdown will no longer hold any responsibility for safeguarding these assets for you.

If you would still like to transfer your Napster Tokens into your own name then you will need to:

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Provide HL with your Algorand wallet address.

Send your instruction byThursday 21 March 2024 in writing. You can do this by post or by sending us a secure message via hl.co.uk/contact-us . Please note that we are not able to take these instructions by phone.

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Corporate Actions

As part of the takeover of NM Inc (Napster Music Inc) by Algorand Holdco I Inc you received a payment of Napster Crypto Tokens (Napster Tokens).

Lock up period

The Napster Tokens were issued at the end of March 2023 and are being held by Napster Innovation Foundation, an organisation formed to distribute them. The Napster Tokens have an initial lock up period of 12 months from 31 March 2023, which means these tokens can’t be traded or valued right now. We are awaiting further information about options for how the Napster Tokens may be held or traded after the end of the lock up period and will update you when we have further information.

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Holding Napster Tokens in an Algorand wallet

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We are not able to provide any advice or instruction in relation to Algorand wallets, your tra

That is indeed pg. i will try and copy and paste it later,as there is a bit more to it.if i can't copy it i will summarise it instead.

I was thinking about this today and yes you would expect that to be the case,but we have no idea about his tax position etc and he might just decide that a tax loss would be advantageous,rather than putting more money in.i suppose it may depend on what he sees as the realistic possibilities for fortacin etc. let us hope he sees some positive future for it.

It would be interesting to hear from the requisitioning shareholders as to the grounds for determining the notice as invalid.there my well be legal or regulatory considerations which prevent them from commenting at this point, but the reason would be illuminating.

Problem for potential IIs who might otherwise be interested is,imo,the shellbay aspect.they may well feel that it is a mechanism for extracting value from the company in a way that is not exactly beneficial for the shareholders.