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I thank you-current equity is toast

Correct -be careful

Sorry Sussex/Lion.I mentioned a few weeks ago that they should think about delisting just to open the VCT markets.Easier than going down the AIM route but probably narrowed the VCT field.

As for the shares going up, I very much doubt it-the company needs at least £10m maybe £15m to get to cash generation.That renders the current equity valueless in my opinion.These aren’t numbers plucked out of the air-they come from earlier management presentations in the last year or so.

This is now a PE deal with sweat equity for the execs.Current equity relying on largesse.

As for Long and Harley, where are you when your disciples are looking for your comfort blankets?This is a shambles and you cannot claim it’s anything but.

What of the CLN Long?-with the strike price above the SP, not many places to go-just an unsecured creditor.But the company still owes the loan whatever.Problem for new money as usual-a point I made over and over to Long.

It’s pretty obvious to me the visit to Downing St was a last throw of the dice-and probably triggered the quick decision to exit the market.The right move for the company but awful for current equity.

Good post-this company should never have reversed into the shell in the first place

Still waiting for Long and Harley to apologise, not just to me, but to all those out there who believed their VD

You will still be a shareholder in the company mate and I think they will find it easier to raise money delisted as it opens up the VCT market.Of course raising new money will have dilution consequences but if the Board follow the rules, pre emption rights will give you the opportunity to follow on with your investment.

The reality is that you will be a shareholder in a private company so effectively locked in with no control over an exit.

Just my view but this move gives the company a better chance but it effectively torches the current equity-as we have seen in the SP today.

A good question to ask the board is to check that they will give you the opportunity as a shareholder to participate in all future raises under standard pre emption rules.

One other piece of advice-ignore Long and Harley who have proven to be total charlatans and have misguided many on here about the underlying risks with this company.

Good luck

Terrible time to raise money Sharebel.I suspect the visit to Downing St was a last throw of the dice to get some soft taxpayer money-and failed.

There was a clear effort to join AIM in the summer-failed due to lack of appetite and they needed a min market cap to qualify.Long said this was rubbish and he would know of course being so ‘close to the action’

This will one day be a good company but current equity is worthless in my view-unless you get the opportunity to follow on in the inevitable raises

No Blanchflower-I can read and it’s now 30 years of the same tosh from CE who has made a career and fortune of peddling it.Arrogant and misguided

Looks like Long and his cohort Harley have disappeared up their own backsides.

The reality is this company has had some major headwinds to deal with-problems at Board level, excessive salaries, balance sheet structure with the CLN, Standard List issues with tax,crazy notion with anode chemistry, too low cap for AIM,MB dealing etc.

I pointed each and every one of these problems out and almost to a man, I was subject to appalling abuse-even now, Long says he’s relaxed-maybe he likes losing money?

Delisting will help the company raise money from VCTs-again I pointed this out a few weeks ago,with the problems of AIM and the fast track rules(note I was shot at for that too)The downside will be that it’s a private company for a while-that gives the board the opportunity to restructure, but leaves PIs with no liquidity and relying on protection under the Companies Act.Valuation of raises will be more akin to new money rewarding management-not pretty for existing shareholders though you may get EIS if you are included in the financing.

On balance I would sell and SP fall reflects it.I think current equity is torched and this is now a typical PE deal with execs getting sweat equity.

Show some humility Long-your sage advice has been shambolic and now you can’t even add up and subtract

Remember I told you to read’ The Signs were there’?

Long is a deluded idiot Andy-he said I was a lowly ‘transactional accountant’ as some sort of derogatory term.

As for Harley, not fit to wipe my shoes

Let the conspiracy theorists explain that one

The balance sheet is a disaster-again I pointed this out over and over but shot down.

Eat your humble pie Long/Harley

This business will do fine with proper funding -but you will be in a private company for a while

I’m sorry for all of you who didn’t listen

It makes sense to delist so they can raise VCT money in the absence of AIM being achievable.I said this several times but got shot down.

As for the rampers, shame on you clowns.Notably Harley and Long-idiots

I’m not ramping-I only posted both articles for interest.One is positive, the other negative-simply because Musk quite rightly points out the Starmer and Reeves are destroying our country

Https://www.telegraph.co.uk/politics/2024/12/29/elon-musk-keir-starmer-tesla-scotland-x-spacex-two-tier/

Problem here is nobody believes the asset, which they have yet to pay for, is worth anything near £50m.The WIP is pretty much made up of professional fees and salaries-I remain astonished the auditors continue to sign the balance sheet off without inpairment.

Until CE is removed, this will continue to slide-a total dog.Next RNS will be the annual options rollover and mystic Meg forecast

It’s uninvestable in summary-too many headwinds unless you are in control

Https://www.telegraph.co.uk/business/2024/12/28/how-elon-musks-tesla-became-one-of-britains-fastest-growing/

I’m not fretting-plenty of time to wait and let them sort out the balance sheet and cash runway.

I think we agree DJ-the issue is cash and getting through to 2027 earliest for cash generation.If they can demonstrate a cash runway, the SP will push on.If not, doldrums at best

Good luck

As I keep saying DJ-plenty of time to buy into this and you seem to agree with me.Anyway, merry Xmas to you