Member Info for unitedguy

Well spotted again Dr M.

Sharebel the RNS announcing the Global wellness company R&D project dated 30th august had no commercial value but stated "it is the intention of both companies to enter into an exclusive commercial agreement for the supply of nanoparticles for this cosmetics market.".

So the delivery you refer to is the first batch to be tested and has no commercial value so don't expect an RNS but maybe in August if both parties want to.

Talk about smoke and mirrors

Interview if one is really planned or happened will be released when SP goes down.

After interims released on 30th Sept and the SP continued heading south so Duffers interview was released on the 4th Oct to stop the rot, to be fair did the trick with lots of promises, deals before XMAS, JV hot to trot etc etc

Expect the same again.

ExMS it's not like duffers doesn't know it late as Companies House send reminders before due and after if late. So you have to assume he is not filing on purpose for the obvious reasons.

I'm undecided if Volz directors resigning from JV is or is not material information which should be notified to market by RNS.

Nanoo do you have any thoughts on that one?

Nanoo SP might end up higher but sure no interview and certainly do commercial deal.

Betting house is a bit extreme but happy to bet 100 on no deal this week.

Nanoo no chance of either a deal this week or even this month as for the interview I don't think that will happen for now either, what's the point except to lure in new PIs to the slaughter.

CP13 I also thought the RNS said they were changing Pharm2farm's name to Nanovate, which yes does make sense but on Companies House they have changed nanosyth to nanovate not Pharm2farm.

Is the RNS a mistake or a filing error or have I missed something?

PJ there is nowt fake about the cash at end of June 22 and the burn which was 328K a month, with cash from Lanstead and recent placing NNN will need another placing in next few months.

We both for warned of the need for placing before the lanstead deal was done, everyone on the BB said we were wrong but as transpires we were correct

After weeks of explaining the Lanstead deal to those didnt understand it we and a few others said NNN would run out of money soon because the Lanstead deal would drag down the share price. Transpires we were right again hence the recent placing.

We have worked out cash burn and again its obvious NNN will need yet more cash. At this SP NNN will need to allot 1-2B shares to raise enough to keep going for a year.

You heard it head first.

Trisor, the cash available is fact based while the burn is reasonable be two thirds what is was the previous six months which is also fact based. So the number are pretty reasonable basis for this calculation.

I doubt here will be sales based on what we know so I cant see the SP rising either, sorry.

Sharebel I clearly know more about companies, running one, stock markets, AIM rules, reading between the lines of an RNS than you ever will.

Instead of buy in the dip you should try a key strategy like stop losses then you might not be quite so uppity about this donkey.

By the way there are some very rich and successful people living in caravans so don't knock em. I also have a mate who takes his kids on holidays in one and they love it, he's a CEO of a large tech co and he'd rip the **** out of Duffers crap management.

Trisor NNN put out an RNS on this wellness R&D work but as it is not even a commercial agreement, as such not material why even bother.

More to the point it seems you now agree that with fair estimate of current burn and the cash as at 30 June 22 (sorry) 200K from Lanstead and latest 400K raise NNN will need funding inside of six months, well done although I think you really knew.

ProfitJock NNN have withheld the name of the wellness company and according to original RNS it is a 12 month R&D project which if successful NNN hope will result in a commercial agreement, sorry but no cash coming from this one anytime soon.

Trisor 204K monthly overheads seem reasonable to me.

One of my companies is in a Regus and BioCity will more per sq M and judging by past videos of Duffers etc they have more space so I think 20K is fair.

Serviced space would not be on BS as a lease is just expensed, Id assume the 30K for leases is for some of Dr Caves kit

Salaries are rounded but have the have expenses, phones travel etc You think legals should be more but in general some are too high and some might be too low but I think its fair.

So yes I agree with you NNN can cut costs but in reality they will need to raise funds by June.

Trisor its round numbers but adds up to 204K a month not including non recurring items such as Filtech I could look at accounts and find more but its enough on this basis cash runs out in June
BIOCITY 20
Duffers 17
Cave 10
Steadman 10
MacNamara 10
New CTO 10
Clarke 6
Startian 4
Grey 10
Ward 7
Chanettle 5
5 - 6 lab staff 20
PAYE 15
Low end staff Pension contribution 5
IT etc 5
Gen expenses 5
Professional fee 5
Gen cost of AIM listing 20
Channel agents 20

Trisor the cash balance between finals and interims show cash burn of 325K a month.

30th of June 21 they had 1.7M left since they've had about 200K from Lanstaad and 400K from the placing so 2.3M in total.

Divide 2.3M by 250K a month monies runs out end of march
Divide 2.3M by 200K a month monies run out in June
Divide 2.3M by 150K a month monies run out in Sept

Pick any overhead you like but really the overheads were 325K so they can be much less than 250K a month. This is out of funds soon

Trisor its a good question for anyone who wants to email them but they cant answer that question it can only be addressed by RNS

Nanoo its not an issues I am not saying NNN is bankrupt just that it has a X funds and y burn so the money will run out at some point unless NNN generate cash through sales or a placing

In fairness I forgot to factor in the Lanstead instalments so assuming no share price movement add a month to each of eh 3 scenarios.

Finals state cash at 31/12/21 £3,760,992
Interims state cash at 30/06/22 £1,787,242

= Burnt £1,973,750 = monthly burn 328K, lets say 325K to make maths from here simpler

Deduct a reasonable 300K for non recurring expense then month cash burn is 275K a month so by end of Jan 1.925M is bunt.

Im open to suggest what the non recurring expense maybe but I can think of anything which could even be as much as 300K so unless you can the 275K a month burn is balanced and reasonable assumption.

I would add he head count has gone up since June and there have been no sales.

On this basis the remaining monies run dry in less than two months

If you double the non recurring monies run out in 4 months
Triple the non recurring fund dry up in 6 months

If they sold all there share today and the future average price was anything above 0.3p Lanstead will lose money.