Member Info for Theanalyzer

The good news is no placing until share price recovers above 5p nominal or share capital is reconstructed after GM.

The bad news is that GEX needs to raise cash as it admits in accounts filed on its website.

It had £430,000 at end of May 2025 per its accounts down from £1,215,874 at 31 January 2025.

Nuburu reported massive loss of $12.2 million for last 3 months.

Deficit on shareholders equity now $44.7 million.

It’s Tekne deal has been blocked by Italy under Golden Power and surprise surprise there are no details I could find about Nuburu proposed purchase of a minority stake just the previously 70% acquisition mentioned in the filing.

What a car crash and loss making and insolvent Supply is reliant on this insolvent company for its funding.

I wonder how TwoGoodToDie will try to spin latest update.

Shy chap

The revenue data for BTS was as clearly stated proform for a year and these accounts include 8 months.

The difference is £1 million

Croda is a much larger company so Zenakine is far less material to it than Skin

Laura

Agreed, there will be nothing left for shareholders and a big loss for creditors as well.

If there is a Total Carbide or Gnanomat buyer out there will be bidding low and probably looking to buy assets out of forthcoming administration.

Versarien has entered the corporate equivalent of end of life care.

Three Graphene companies being placed into administration / liquidation.

Looking for fire sale of shares in Total Carbide and Gnanomat and assets of Versarien plc.

Nuburu still hasn’t paid the $1.7 million due to Supply, another $1 million is due in 3 weeks.

2024 accounts for Supply now 3 months overdue and still no business update or update on status of audit and what auditors still need to sign off

AZ is busy with Nuburu and nothing is worthy of mention happening at Supply

Can kicked down the road on Nuburu’s acquisition of Tekne now Q4 2025 at earliest, if approved

AZ starts up Nuburu printing press to get naive retail investors buoyed on by rampers to refinance his insolvent corporate empire.

The share buyback should push up NAV per share.

It also removes large share overhang.

Not many AIM companies are profitable, dividend paying and doing buybacks at this scale.

Steve

I suspect just like AZ TwoGoodToDie won’t make good on his promises.

Probably no AGM for Supply either.

I wonder if Supply will now get its cash given Tekne news.

Nuburu share price tanking yesterday and overnight.

David Brent

Dividends come out of corporate taxed profits which is the rationale for a lower tax rate bacuase as a shareholder you have already suffered some tax.

On capital gains these are no longer indexed for impact of inflation so some of the taxable gain is due to inflation when tax rates were much higher there was an indexation allowance.

The left wing wealth tax brigade never raise these two important points.

I suspect constant doubters don’t understand how many legal documents and supporting papers need to be lined up and signed off in sequence by numerous counterparties for debt, equity at subsidiaries, mining contracts etc

The same people also said second bank would not get sign off but Kefi did.

Let’s see what happens over next 2 months

Bazzaman

Asham isn’t late with business update.

He said he hoped to get some5hing out at end of July or early August but said he wasn’t committing to a date as group was now larger and more complex and committing to a deadline and missing it caused unnecessary fuss.

Have some patience man.

The only link between Yorkville and Golden Power approval that I can see is that if or when approval comes it will pump Nuburu share price and allow Nuburu to dump more shares.

If you expect a big pick up in Supply share price when funding arrives don’t forget that AZ can convert loan into shares at a low price.

Whilst I think Zenakine will be a large revenue generator, I also think it will take some time for large scale revenues to appear because of time for companies to devise and launch new products, make sales and make repeat orders.

So I think we may be in for a bumpy ride when initial figures are released and usual suspect are negative.

It will take a year or two I think before we see true potential.

Nuburu needs to get cracking issuing shares to Yorkville.

What a shambles.

Apparently nearly 4 weeks after normal deadline of 30 June wasn’t long enough to value the listed financial investments suggesting that they anre illiquid instruments with no easy comparable investments to help determine a value.

Eight Capital RNS

The auditors qualified their opinion on the valuation of the selected financial investments saying they ran out of time to complete their work but their initial view was that valuation was too high.

Eight also state that AZ’s TAG own a majority interest in SFE also linked to Nuburu.

Eight is majority owned by Dominic White via Trumar Capital.

Trumar Capital is the owner of TCEI which has signed the deal to buy Tekne.

Runway extended to end of August but no buyers for large chunks of business up for sale.

Total Carbide still not sold.

Still hoping that Strategic investor will save last three companies in Group.

TwoGoodToDie

Many starts ups are loss making and fail, and many entrepreneurs have failures along with successes.

What makes RTOP’s 100% loss and SYME 99% loss to date interesting is AZ and the endless list of deals that he announces that never amount to anything and the subsequent dog ate my homework excuses that follow.

He is clearly very unlucky .

Like on RTOP where 12 independent investors were stated to be purchasing £17.483 million of RTOP shares but subsequently didn’t even purchase even £1s worth or when James Coyle resigned after just 4 months as Supply Chairman because he was suddenly too busy.