Member Info for TopCatz

Thanks Mr Ozzy

Lot's of what seems like extra meat in this article, especially regarding the B2B sales. Revenues picking up as expected to and looking like they could increase exponentially in short order.

They are pretty vehement regarding the potassium chloride substitutes too.

Anyone notice that TEK will be holding 2.5 million more shares after admission.

Are they converting a loan note (rings a vague bell) or are they buying more (Bell proceeds ?)

Can't fathom it out

lord you must have sold you stake then surely as you have zero faith in anything good coming from the ipo?

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haha. he's either disingenuous or as thick as p1g **** forn not selling if that's his views. take your pick

What this IPO really needs is an announcement naming the food company who placed the 60,000lb order, with likely recurring revenue (see RNS from 22nd Dec).

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Nutshell Bads. That's why they need a cash injection. So they can service these Fortune 500 companies.

Valued at £30million, which may or may not be conservative. I think they wanted to value at £40 million but couldn't get that through with market conditions as they are.

Maybe £30 million is a more realistic valuatiion and will increase the chances of a better float. Maybe the terms and condtions are better.

In spite of what 'know it all' says this is a business with a product that can produce from the off, not like Belluscura that has had such a tough time producing, nor LUCYD which went to market practically without a product, ie they had to design a whole rand, and spend fortunes on advertising before they even start etc.

Cautiously optimistic they can float this one nicely

Morning Mr Ozzy

It's certainly not concrete proof. Just evidence that they're still trying to push it through and they haven't rescheduled yet. As you say I expect it was posted last year.

Never managed to source the admission doc straight off LSE before though, although I may have been looking in the wrong places.

Https://profile.lsegissuerservices.com/upcoming-issues/MicroSalt

Doesn't mean it can't be pulled but put it with the LUCYD loan and I reckon it's a 50/50 for this month, or if not better odds for February

Https://ukinvestormagazine.co.uk/tekcapital-gearing-up-for-microsalt-ipo-with-asset-sale/

Ps. Ooops nearly forgot; your limit order fabricated post to try and save half your face was amazing. Loved it

Lol - You couldn't leave me out of your post could you and you will see this. We both know you are far too egotistical to let it go.

Ironically it looks like your're selling your own family jewels too. All these buys into HAT as it travels south (and will continue to do so), cashing in more SMT shares no doubt, as you go. Not proving to be a wise ploy.

I'll leave you too your progressive yield, and talking up HAT like you've been doing for months on end. We both know that you're responding to my post on HAT yesterday that you didn't see.

You keep talking the talk whilst stumbling from one BB to the other.

Morning Sea

Yes. He needs to communicate. Lot of things going on but he really needs to face up and explain what is actually going on to TEKs shareholders. Practically duty bound over the next few weeks. I'm just clinging on to the hope that they have monster news working it's way to the surface and that it will be much more comfortable to get in front of a screen once it's out. Maybe I'm being overly optimistic but there are multiple fronts it could come from so there's a chance.

Gripe even

D.Monies

With respect, and please correct me if I'm wrong. We don't actually know he's been awarded a £250k bonus for this year ? (I don't even know when it's awarded).

I 100% understand your grip and I'm in agreement that it's not deserved going on how the SP has performed over the last year and it would be an unwise move (I would have thought the larger holders like James Knight would be horrified), but nevertheless, we don't know for sure.

Just saying

Https://mondovisione.com/media-and-resources/news/uk-ipos-fell-to-just-one-in-q4-2023-but-upturn-expected-in-2024-as-interest-ra/

This article was written on the 12/1. I tend to agree with CM that it's more likely to be in mid February somewhere, allowing them some wriggle room if it misses, with regard to the loan to Lucyd. They are obviously pushing hard to get the float away and it will happen eventually.

As always, the valuation, terms and conditions is what we will really need to concentrate on.

GLA

That's the conundrum with Bell. TEK can destroy it at any time, or at least until it's better established with a decent revenue stream.

It will be a better hold once TEK are fully out imho although to be fair it can happen any place, anytime with minnows, when there's a distressed seller involved

No one likes a profit warning.

Charts have been pointing south for ages. Struggling to keep above support.

Hope you weren't all sucked in by your resident ramper. Talks the Talk. Stumbles about

Afternoon CM

Good points - The only thing I'd question is how much input TEK would even be granted given their holding. Not sure of how the relationship with BELL is these days.

It's obviously good with LUCYD and I expect with Microsalt and Guident too but a fair bit of water under the bridge since the float so how much communication there is between the two parties is hard to guage.

One could argue weakly that they were right to seel rhe last 2 tranches above Bells current Sp. They are shareholders not management. You need to direct that comment at Bell not TEK. All things being equal I can't see how you can blame TEK for Bell s mismanagement since they floated

And I don't buy the value of the TMT management. They could hire a decent CEO and just pay him a decent salary with a load of share options. Still way cheaper than this

Spot on CM22. With all the contracts they've been winning and a clear view of the runway in front of them, they should have raised more. Why couldn't they work out how much they needed then. It would have saved a fortune in the long run. (ie in comparison to what they're giving away now. Who's to say £5million is enough. Why are the giving up 50% of a company worth £20 million, even at this ridiculously low level for that. It's utter Bxllox

All those continual posts encouraging everyone to sell their BELL shares and buy TMT shares have also contributed. Wouldn't be surprised if they're connected too. One was incessant, daily almost, at outset.

As it's now turned out those who did switch will have added 25% to their bottom line.

Still stinks though. Wish they'd find a solid backer somewhere and drop this lot. I was originally thinking of dipping my toe in when the finance gets sorted but with this lot involved I might need to watch a bit of dust settle