Member Info for unitedguy

LOL at Pike shame he left his scarf at home. Seriously has there been any RNS saying Cloudviel and Gyromtrics are now funded?

Oocanibe, I followed your advice and did a little basic research

Cloudveil last accounts show £430 in the bank, net current assets £8,204 and 1 employee/director.

Gyrometrics showed £30,824 in cash, net current assets £21,445 with 10 employees. According to filings 9 of these are directors of whom 6 were born in the 1940s with the rest in 1950s

The oldest is 75 with 5 other in their 70s so that’s 7 past retirement age. Its like dads army… maybe the single employee is quite young and is called Spike.

joking aside I’m not sure what to make of this. Maybe since filings both have had huge investment from RMS to fulfil plans etc without going through all the RNS maybe someone can update me to show some substance in these two companies.

Dr Micho, you can filter me but you cant filter the facts and the facts have been issued by RMS by RNS. Draw your own conclusions and say what they are but please support with evidence.

Don't have a spat, please look at the facts issued by the company by RNS then maybe come to some conclusions

As a matter of FACT the RNS 18th Feb “Update on commissioning of mask making machine

As previously announced the maximum production capacity of the machine was expected to be around 5 million masks per month, based on the machine being operated for 24 hours per day and 7 days per week. The current production rate is significantly below these levels and the commissioning process has identified a number of issues that need to be resolved over the coming weeks in order to improve the machine's productive capacity. The Company is in discussions regarding the appointment of an independent adviser to assist P2F with the development of the production facility, including building up the production team to operate a single shift and enabling a gradual increase from the current limited level of production to commence, and to undertake a review of the best routes for exploiting the anti-viral mask technology. This is expected to be confirmed in the near future. The Company will provide further updates as it progresses these goals in due course.”

Then on 4th March

“P2F is in discussions with Lemu Group, the manufacturer of the mask making machine, regarding mechanical issues that need to be resolved before the machine at BioCity can be considered to be fully commissioned. The Company has agreed to appoint Egremont Capital Limited ("Egremont") as an independent advisor for the next three months to assist with development of P2F's production capabilities. Jonathan Hall, Egremont's founder, has a background in production manufacturing, in addition to Egremont's expertise as a corporate advisor. In addition to a monthly fee, Egremont may be issued with up to 500,000 new ordinary shares dependent on achieving certain production milestones. In addition, a line manager has been recruited at BioCity to strengthen the production team.

Antony Legge, Executive Chairman of RMS, said; "We are very pleased to update the market with the positive developments achieved by the P2F team. Whilst a number of issues remain with the machine at BioCity, the purchase order with Volz coupled with the intentions by both parties to enter into a more formal outsourced manufacturing agreement, means P2F can commence sales with confidence as we anticipate a continuing market need for P2F's proprietary a-virion material, notwithstanding the progress of various national Covid-19 vaccination programmes."

NOW 6 WEEKS LATER

No update on BioCity machine but that's ok because with Volz in play to quote the CEO "P2F can commence sales with confidence"

DYOR but still no RNS announcing sales or update on capacity leaves three possible scenarios
1 P2F have sales but limited BioCity capacity with no Volz outsourcing agreement so cant fulfil sales.
2 Volz outsourcing in place and BioCity machine at full capacity but P2F have no sales.
3 No NEW Sales with on

please don't post links to old videos - this is like the endless posts from BygDenise who ruined the ADVFN board on this stock for any meaningful comment

Oocanibe, there are no updates because they have nothing to update.........if they have any news which would materially impact the share price they are legally obliged to update it the market. DYOR

They don't have much on their website https://www.quattromedicals.com/shop but what there is, is all at half price. Looks like clearing everything...... DYOR

Goonerboy, your phone call to GT at Pharn2farm confirms they have no idea.

You said in point 3. "It was made very clear that distributing to the mass market is not RMS's target market. They believe the focus needs to be getting this into private health care and commercial businesses."

I don't understand such a comment because I have never heard of a business with a mass market product state they are not interested in the mass market but clearly true as all PR and marketing activity ceased a while back.

RMS have the funds to do mass market, healthcare and commercial businesses.

According to the website the Pharm2farm team is now 4 people, Im sure it was more 6 months a go. Is the headcount going down?

Callit - I have never posted before but your comment made me laugh so much I felt compelled to thanks you.