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With relatively low administrative costs under £2 million, it won’t exactly take many sales to push this company into a profit.

I expect a company with a large market opportunity, a great product, strong margins to attract a high PE multiple so even if initial revenue is constrained by production constraints the high PE rating should push share price up.

In medium term a product that needs to be used constantly to stave off a horrible condition should have strong continued momentum especially as word of mouth and social media pictures of results spreads through the various support groups.

Might top up later today.

Record revenue, profit above top end of analyst forecasts, high levels of cash and return to dividend for full year.

Share should rise but even if it doesn’t I will hold.

Burnley1882. For the same reason why Negma lent the money because they can repaid in shares and make further profit on share sales. Simple.. Loads of struggling LSE and AIM stocks finance themselves this way. Lender only potentially loses if share get suspended. Very high interest rates also compensate for the risk.

Might get some Traders in later today who like to buy fallers on hope of bounce.

Most PIs will now be heavily in the red which is sad .

Sometimes it takes guts to admit to yourself you were wrong a buy a stock and then refuse to sell at loss. Any serious investor has some losses and it’s painful to admit you called it wrong and sell but selling after a big drop is often better than watching it drop lower.

It could of course bounce back but I think there have been two many missed deadlines and excuses imho.

Please ignore “don’t” in last message. I think prospects are actually very strong which is why I topped up some this am.

Kilgeever

I agree prospects don’t look strong, some of which is baked into current market cap.

By next spring we should have idea of initial volumes and gross margins.

Given that people will have to continue to take product and given its efficiency, the product should maintain a high degree of repeat orders and hopefully new people wanting to take the product based on recommendations.

You can easily get to very large revenues multiplying annual revenues per user (price per satchel x 365 days) and even a small percentage of people impacted and even if you only apply low percentage of price say 10% (Opti makes over 40%) as SBTX margins the numbers are still potentially very exciting.

Launch day announced and product is ready.

Boom.

Perhaps Mercator thought risk of repayment is low if can convert loan into shares and then get repaid that way as opposed to IM being just around the corner.

The Negma loan was repayable in cash as well.

Kn0wles don’t forget that David Bull is a NED on SYME is now also CEO of ECP so there is still a common Director link. Plus ECP is trying to raise £25 million in fresh equity and £15 million in listed debt to refinance loan to IAF2 secured against SYME shares.

Kn0wles. Tradeflow Capital charges fund 1.5% per annum so on $40 million the revenue will be $600,000. There is 15% performance fee but that will be subject to beating hurdle rate of return.

Looks like IPO is a go which means a significant tick up in FIPP value plus ease of selling relatively small stake should FIPP wish

Eden promises a lot but year after year the gross profit is turned into a loss due to admin expenses. The cash burn is always greater than the loss due to ongoing capitalisation of development costs. At current cash burn rate there is 18 months before cash tin is rattled again to ensure going concern statement by auditors doesn’t have an emphasis of matter .

Rhodi. I am not talking about the fees Tern charges it’s investees. I talking about how Tern values it’s stake in the investee company where incidentally the Tern fee is actually an expense. You don’t appear to understand what fair value means or how it is derived.

When Wyld undertook it’s IPO there wasn’t a stratospheric increase in Tern valuation was there? Why has Device Authority been unchanged for last two years?

Honestly as the ramper in chief you don’t make convincing arguments.

At current price Tern is valued close to 3 times net asset value. Bearing in mind that Tern records its stakes in investees at fair value (look up Tern accounts or IFRS 13 if you want further details) this is in my opinion excessive. Fair values take into future sales forecasts and also current sales run rates which only management have access to. I know Tern state their valuations are conservative but are they really a third of of what they should be under IFRS 13 and still signed off by the auditors?

For optimists perhaps a large chunk of the creditors in Device Authority Limited relates to deferred income.

The takeover is getting close to completion.

If BCN have followed correct legal procedures then High Court approval will be in effect a rubber stamping exercise.

The Zinwald lock is just a question of waiting.

So it’s down to shareholders and as no white knight has appeared I suspect it’s game over.

Long stop dates can be changed at request of both parties.

See for instance MTW RNS of 1 Sept 2021 where Long Stop was extended to enable the FCA regulatory approval to be obtained for deal to complete.

So 30 Sept may not be so critical to either camp.

Maidit308. Iconic is a standard listed company. These are easy to set up Stranger Holdings being one recent example market cap £2 million. Your claims of years of time and 10 million to set up such a shell are simply way off the mark.

Bb2 share based payments for employees and Directors are an alternative way of paying staff. As such cost of share based payment is charged to income statement and equal and opposite charge is recorded in equity. The theory is that if didn’t have such a charge you could have a company which paid the same compensation as its rival but if half the compensation was by share based payments without such a charge then it would have a much lower expense ratio.

It’s perfectly standard and normal IFRS accounting.

Marik
If you are referring to 2020 interim revenue being restated to Nil then your simply wrong as forthcoming interims will show.