Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Pharm2farm do not sell anything licensed, patented oil otherwise. That’s the problem, cave set up Pharm2 farm 5 years a go and has sold Jack **** and burnt through unknown millions of pound notes. Now it’s all but over.
Lossjock you have no idea what else I invest in. I only post in NNN because I can see it’s BS which is confirmed after every promise in every RNS, tweet or interview is not delivered. Yes I have traded this share but never ramp enemy when holding.
NNN has no products, no sales, it might not even have any staff now, no one knows anything except nnn have 6 weeks cash left.
Only a half wit would but now.
LossJock, you have not been watching from the side lines too closely otherwise you'd know I haven't held any NNN stock for a while now.
You should also consider Duffers past RNSs have IMO made things look better than they later transpire to be, so you have to assume the 6th of April is also making out things are better than they really are.
You should also consider many long term holders are talking off line as they believe they have been misled by the directors of NNN, maybe you will join hem shortly
You should salvage what you can first think on Monday.
Semantic, must better reply to LossJock than my post, I was going to add the other AIM stocks Lossjock posts on all have lower market caps than NNN.
ICON 750K
AMGO 850K
ITS 280K.
So he clearly knows "The share price is down to the absolute bone and lower than a valuation of purely the listing value now." is a false statement yet he makes it anyway, what does that tell you?
NNN at £2M will end up at the market cap of one of he other three investments in due course and he knows it.
Loss Jock “The intellectual property of this company alone is enormous and worth noting more patents filed.” LossJock, you have no way of assessing this value so suggest you consider the commercialisation of this IP patented or otherwise, after 5 years peddling this tech it’s commercialisation is zero so I suggest the IP's value is also ZERO
You have less common sense than the derampers you like to complain about.
Semantic Im not sure Cave is that much of a scientist but then Im not best placed to judge this. I do agree he is largely blameless for the commercial failure of NNN because he has been surrounded by people who are either self serving shysters or incompetent fools or in some cases people who are both.
We do need to remember it was cave though who called the resolution to kill the warrants at 2p a share and then pushed TB out bringing in Legge etc so for that he was responsible.
I have a feeling things are even worse that the 6th of April RNS suggested, I expect more negative news next week.
Jarv I dont think any of them promoted the product, numed may have emailed their base but the amazon guys just stuck it on Amazon, the others no one ever saw any spend advertising, one tweeted Duncan Bannatyne gyms had some but he tweeted back saying otherwise. No it needed a proper advertising spend.
Duffers wont get a cash backer now period.
LossJock an over reaction to "we run out of money in 7 weeks" now 6 and counting..... its not bitterness its pity.
This company has been piling through the cash like they have a magic money tree, not one commercial contract, no sales a JV which must have gone south and where commercial updates quality of the discussions is typified by a "long standing relationship" which now looks like Duffers son and they cant even get a contract out of him FFS
NNN have just belatedly realised the magic money tree has died and IMO at this share price cant do a raise and an RTO will be at massive dilution most probabaly to another pipe dream.
NNN will fall further so he who wont respond can keep making money out of dead beat companies, of course you have not been caught holding stock in amigo, iconlabs or inthestyle. All turkies yet you made money and now piling into NNN, utter BS.
Jarv, pretty good recap if I could add the masks didn't take off because there was zero marketing apart from the guy who marketed them on LSE (at no cost) who probably sold more to us muppets than all the others agents put together.
After the machine failed they paid paid Volz to make tens of thousands of masks but did not spend 1p on marketing.
Trevor Brown left 6-7 million in the bank and If P2F spent £1m on advertising the masks would they have flown and got the attention of the nation.
Is Duffers son at RBI the one described as a longstanding contact in RNS? is that who NNN is doing R&D work on packaging for? Is this a commercial contract? IMO no otherwise we'd have an RNS stating contract win and see share price move up on the back of it.
Wellness company thinking about a entering the cosmetic sector, was this a commercial arrangement? IMO no otherwise we'd have an RNS stating as much and see share price move up on the back of it.
Is NNN a charity?
1. spent millions developing pathogenic masks only to give away all stock FOC
2. payroll and overheads doing R&D for alleged multinationals FOC
3. spent last of its cash developing products now available online with no method of payment, so are they FOC
Is this a charity or simply the worst run company on AIM?
ExMS I understand ProfitJocks positive outlook he is in AMGO down 97% on year high, ITS down 99% ICON down 83% so NNN down 90% in a year is a pretty average holding for him. It looks like Profitjock is an expert on falling shares prices so maybe he should consider changing his name to LossJock.
17th Jan Corporate and Commercial Update - Fast Food Sector Opportunity "Through a long-established relationship, the Company has had the opportunity to apply blah blah blah" not a long standing commercial relationship or networking at high level it would appear it was Duffers son FFS, it couldn't get more comical.
ExMS is too funny for words, stop it please.
Ex that is funny.
Sorry LTHs
Cave has been surrounded by self serving slick operators or completely incompetent idiots. He was not running or making the commercial decisions.
He is a director and as such has the same liability and risk as the CEO and CFO and any other director.
Trisor if they had offers or were close on the 6th they would not have put out the RNS on the 6th.
Latino, thanks for the correction and I'd add to June does not mean into June. So six weeks left assuming VAT rebate lands in time.
Semantic, agreed and to your point if NNN now has 6 weeks cash left and no written offers of funding the BODs are IMO already at the point where an insolvency practitioner should be consulted.
Latino RNS said with VAT enough funds to June so end of May. VAT man might say no so not even to end of May, that is max 6 weeks before funds runout.
R&D credit is a maybe with no indication when they will complete the application, for how much, if accepted how quickly HMRC pay out or assuming it comes at all will it come in time and if so how long will it last. RNS said "which may provide additional working capital beyond this date." is hardly encouraging.
With previous RNSs being so upbeat to now give 7 week notice of running out of funds is pretty shoddy management so I think you will see another RNS before to long updating the 6th of April RNS with a little more clarity.
Nice post nanoo apart from advising pinch of salt. I have been telling people what will or indeed what wont happen correctly so does it matter if I have an agenda?
PIs have lost tens of millions of pounds in this company and I have passed on my insight based on my experiences in a few tech small caps. No one in NNN had the right knowledge or contact base to make this work, simple as.
You are of course correct, now a miracle is needed so best of luck.
Half baked website for a half baked company.
If site is still in dev it should be on a private URL.
Site of his nature is 2 weeks work for anyone who knows what they are ding with a reasonable budget.