RE: Linkedin - update10 Oct 2020 10:10
Thanks for your reply and is there any information that Belluscura provided direct that gives us any idea why they are running 2 years late, correct me if I am wrong.
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Morning Adamsky. Just to be clear I'm not directly invested in Bellescura so not privy to their circulars. I sent an email and the gent taking care of their comms was literally back to me within 10 minutes highlighting that he couldn't find me on the investor register. I explained that I was 'indirectly' invested through TEK Capital and he said he would put me on the circular for next time - Whether this was just a'politeness' or he's done it I don't know.
I was just trying to highlight that there are no issues with Bellescura's communication. I think that it would be a little too much for TEK to be sending out endless progress type udpates on all these companies so this is probably where the 'gap' in comms arises although to be fair I personally think they give us plenty of information.
Investor fatigue is apparent here but these are start ups and they take time. We know Salarius sales for their crisps aren't going to set the world alight. They are irrelevant other than proof of concept (they'll be with Salarius at every marketing event etc). The real value in Salarius lies in there bulk wholesale salt distribution to snack manufacturers/brands. However the TEK portfolio are a lot nearer, especially Salarius and hopefully Bellescura , to realising their potential than they were 6 - 12 months ago so this is probably exactly time to exercsise just a little more patience (as hard as that can be).
More importantly no one should lose sight of how tiny this market cap is. If we're expecting revenue streams in the millions for example then you can expect , once you factor in PE ratios for TEK shares to be a £1 + . That's clearly not going to be happening overnight but lowere multiples of where we are now should be easily achievable with the right progress. Bellescura FDA approval or a decent Salarius contract to supply could happen at any point as forerunners.
Good weekend all