Member Info for Theanalyzer

Jonahb

Zzzzzzzzzzzz

Innovate have a charge over all the assets of Versarien as security for their £5 million loan.

Savvy

What is case against TW?

TwoGood2Die

RTOP plc didn’t get any cash from the IPO. It is reliant on loans from Reg Tech Italy.

RegTech Italy srl was stated as disposing 17.483 million shares at £1 each but all we know is that it has not paid up cash amounts to RTOP plc on two occasions but only AZ knows why not.

A new refinancing will be a choice between getting Venus to pony up more cash, a CLN or a bucket shop placing.

Any share issuewill be dilutive as I suspect AZ won’t be able to find cash for his 22% stake.

Ornamental

Mate you have a shocker here.

AAC Cyroma sales for the 18 months ended 30 September were £5 million up from £3 million for the year ended 31 March 2021.

So after adjusting 12 months to 18 months the increase is far smaller and the year to 31 March 2021 would have impacted by COVID lockdowns.

Another exit, this time above last valuation by significant amount.

BP Marsh remains undervalued.

The rampers who keep citing AAC Cyroma sale at £4 million ignore the £5 million Innovate loan plus other debt when they come up with VRS is a bargain ramps.

I also doubt that AAC Cyroma will generate £4 million. Why because it is loss making and VRS directors wrote off goodwill associated with the business because they couldn’t justify any value over net assets which are £500.000.

Jay

Your shares still exist but you can’t trade them unless if you fund a buyer or seller and can agree on a price.

Also as a private company you will only get information they want to give you and the minimum would be statutory accounts for a private company once a year.

Maidit

You’re missing the Linton Capital convertible of £750,000 and £750,000 convertible from EHGOS which is another £1.5 million of shares to dump. Linton has now started to offload. There will a lot more confetti to issue yet.

Newgrange

Mr Market isn’t as naive as you.

RegTech RNS shows just how strapped for cash the Zamboni empire is as he has short changed them on cash as well.

Both SYME and RTOP will need to sort out external funding before year end accountsare signed off in my view.

Peterkel

TW highlighted that TAG last accounts showed it was technically insolvent and now it hasn’t paid on time for 2nd time on £2 million debtor or on working capital facility.

SYME is going to have to undertake a discounted placing very soon.

G

A shares and funds account is a trading account without ISA tax wrapper around it so income and gains or losses are taxable.

Paitech

An ISA can’t hold unlisted shares and for a SIPP it depends on SIPP administrator rules so you speak to the SIPP provider.

For ISA you can either sell share in ISA and keep the cash in ISA or get shares in unlisted Tintra shares outside ISA.

John Gunn has had a dream of developing the Sterling Engine technology for over a decade via Inspirit which came to the AIM market in July 2013 listed by David Lenigas the Aussie share promoter.

It brought the technology from back in 2006 which was listed on Canada’s TSX and went bust where John Gunn was also a Director.

Its imho a pipe dream that Gunn keeps alive by endless placings all supported by positive announcements that never come to anything.

Rob S

AAC Cyroma made a loss of £261,000 in last 18 months. It had net assets of around £557,000 (of which is £463,000 is debt owed by Versarien group). Revenue for 18 months was £5 million.

You are saying someone will pay 1.5 times yearly revenue or £5 million.

Seems expensive to me but time will tell.

I suspect you might be disappointed.

Shorthater

It’s Versarien Plc no Systems

Poor quality attempted ramp

With both EHGSOF and Linton Capital both dumping shares the immediate future doesn’t look that positive.

Amanda continues to deliver for shareholders easily the best CEO Aviva have had for some time.

It sounds like she continues to deliver on efficiency gains within the retained businesses.

Q4 should see cash from Singapore business exit arrive.

My primary concern on Aviva is what happens when Amanda calls it a day.