Member Info for Troutisout1

I can currently buy 5m PYC at 0.298p, so please DYOR when certain other people post limits and prices.

Bluegrass,

When you see a raft of trades all timed exactly the same then they will genrally by a broker bal;ancing books and they are all done at the quoted bid and offer prices.

Each broker will get a different deal and will offer that (and/or any discount/premium they want to offer to their clients). Quite often the price gets higher for larger volume and then sometimes to buy more is cheaper, a T20 trade can sometimes attract a premium to the offer for a T2, other times not.

There are many different reasons, but the smaller trades in bundles are brokers trades not a PI selling or buying off their own back./

40 minutes into the New Year trading and we get this statement (often repeated as fact) from Laura,

"Record revenues for year ended June 2025"

Yet a cursory glance at the 2022 Annual Report shows,

"Financial Highlights

• Total income (revenue and grant income) increased 23% to £900,707 (2021: £730,899)"

So just record for the last 3 years and Laura talks about 'Genuine' investors...

You constantly go on about revenues.

Company A can have £10m in revenue, but consistently has more expenditure and therefor makes losses.

Company B has £5m in revenue and makes 40% profits on its revenue figure.

I know which one most would invest in

KingHomer,

Let's hope it's not the same as early 2025...Otherwise we might see another post like this,

Laura2022

Posts: 14,732

Price: 0.80

No Opinion

RE: Placing 13 Feb 2025 07:03

"Didn't expect one just 7mths after recent one"

Hi TRENCH,

Can you explain how the award of share options in the future and some at multiples of the current price affects the cash position? Why these options would make you believe the cash position is better than others think and that they don't need a placing? Only if they offered him a bonus scheme then I could see it, but these options do not cost them money as a pay rise or bonus would, so I would take nothing from the RNS as it really doesn't show anything about their current cash position.

If you would like to look at the current cash position, first you need Laura's figures, then discount the cash figure for trade payables (|Laura only looks at the plus side), then realise they had a cash burn of £50k per month and since then have employed senior staff (staff costs last year were £672k that wasn't for a full year of Mark Davies and now they have even more senior staff employed), their wage bill will be much higher this Full Year.

Then look at the newsflow, contracts are small and the largest recently reported, is going to start in over a year's time??? So with all that information and a history of losses, do you really think the current cash position is anywhere near enough? As each month goes by they have less and less funds to rely on, if you wait until you really need to raise, the price gets shredded, so while they still have some funds they will look to raise while they can command some sort of deal.

Isn't it funny when you see someone try and write the rules and yet it is alright if they are the ones breaking them.

I am only here because you started to spam the FAB BBs just over a year ago.

I also still hold a few PYC shares, so it is my investment and from your 'rules' I can post here then.

The fact that I think differently to you on their present situation, is what makes a market, someone can only buy if someone sells. We are getting closer to what I consider the crunch point, when they need to raise more cash. I suspect that will happen in the next 3 months and dependent on how the cash burn has been going and when any revenue has been taken, will determine when it happens. They won't want to leave it until too late and they are running on fumes, as the vultures will demand a large discount to support a raise.

That's due to the Festive Sales, everything cut and must go....

The 2 x 150k look to be the sells that started the price drop, nice buy at the end though. Await a trading update in early January.

Peas, I was referring to the two posts before mine, I don't see any need to RNS a payment that we were told about a few days ago in an RNS. My point was for any other newsflow. Same problem though some people want constant updates, that does not happen!

It's between Christmas and New Year, what exactly do people want in terms of newsflow?

Any positive updates would be wasted...

There is loads of newsflow to come, why are some investors so needy that they need it now?

A bet is short term, an investment is long term.

I think the NCI deal might be brokered in layers the biggest needing a future sign off from NIH. The fact they want to use it now, may result in an interim payment for FAB, before a bigger over-arching contract is signed with the NIH.

Personally think any drops will get hoovered up and that we have lost a lot of the short term traders from the books for the moment. I am very excited for what is to come and believe we will hear of initial OptiMAL contracts soon, their value will be small to start but in relation to FAB's current revenues they will make a big difference!

Morning all, good luck today with the vote! I sold earlier in the year taking a loss on my holdings, but for the sake of LTHs don't want to see this go private, as you will lose the last vestiges of any say on things and with a proceed from Cambay due one day and from the history of Roland, I don't trust that in his private hands.

I had some experience of EGM voting a few years ago when Barclays and other nominee companies didn't vote for all the holdings that had voted through their systems, I knew because I had a substantial holding with them, we lost the EGM and after 6 months of wrangling I got some compensation and some bottles of wine and a promise that they would change their procedures, at the next EGM all the PIs phoned their nominee brokers to confirm they had voted on their behalf and they seemed to do so. As always the PI is the bottom of the pile, PIs feed the chain above but aren't looked after by any of the organisations and people above.

Good Luck!

The former Jamaican cricketer Michael was quite large.

"I don't know as I filtered him 6mths ago"

Morning Laura, Still persisting with that lie, we all know you are reading everything, you're absolute need to control the narrative here has swallowed you up.

As for FAB, if Burt777 had put his £200k in FAB back in January, instead of coming away with just over £50k he would have a holding worth over £300k.He must be pleased about getting taken in by you...

You shouldn't filter me, you should be highlighting the fact that I have actually made decent profits owning PYC shares in 2025, not many can say that and I must point out it was the very earliest of 2025 when the profits were made, my other forays were a disappointment, however still firmly up on PYC investing, as I can see in the CGT pages of my tax return that I am slogging my way through at the moment.

Because there has been dozens of Bmeisters come here invest, repeating the lines in your post and then sell at a loss and disappear.

So if there are two stories being told here, which one has been factually correct so far.

Options that are so far out of the money are not going to keep someone at PYC if he is hunted by another company, there are a lot of Companies out there offering Biometrics and Jesse could easily be swayed towards any of them, as most have scale and bigger pockets.

After all, these new hires will cost more money and after spending a year telling everyone PS's salary was £78k, when the last results confirmed it was over twice that, not sure anyone can take your forecasts as anywhere near correct...

Is Jesse being teed up for the CEO role?

Revenues may be up on what was a very poor year in 2024, how do they stack against other years and how is that loss figure compared with a few years back?

Income Statement 29 Jun '25 29 Jun '24 29 Jun '23 29 Jun '22 30 Jun '21

Revenue..........................0.78.... 0.54 ......0.60 .....0.83 ...........0.70

Operating Profit / Loss (0.46).... (0.67) .....(0.57) ...(0.36) ..........(0.34)

"Bmeister

Welcome on board, should you wish for any info please ask us longer term investors"

Then Ignore, as they seem to get it wrong every time and just cost those that listen lots of money.

You say revenue has increased significantly, can you elaborate? Try looking at the real revenues (not the ones Laura makes up), go back to 2021 and 2022 results. Also in 2021 they made a loss of £340k on revenue of £700k. For 2025 they had revenue of £780k and losses of £460k. Now call me old fashioned but you would hope when revenue goes up that losses would go down?

It matters not about revenues if the costs exceed that by some way, then attention drops to the cash position and keeping afloat.

They talked of 6 late stage discussions and we have, since PS resigning news, had info on 5 contracts, none of them being very large and the largest one is for 2027. Eyes will be turning to see whether these are enough to slow the current cash burn or not?