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It’ll be interesting to see if the new CEO can demonstrate that things are turning around and they have got this back on the right track. If so then this could be a good recovery play from this level. Signs of weakness or issues with the dividend could see this back under 50p though.

100 - I agree with your initial statement about this not staying on the market for much longer, however it will be Moulding that takes this away. The engineered splitting of Ingenuity and the CLN are first steps and I've no doubt that we'll soon see the next stage of the plan. The market knows Moulding has no interest in keeping this listed , hence why it is seen as uninvestable and the SP will only continue to wither away.

Thanks Ritsut - I assume that’ll be Sean Wade.

Wade was involved in plans to create a JV between the old Teathers Financial and Power Metals a couple of years ago which involved Teathers changing their name to UEE. The proposed transaction fell through leaving UEE to remain dormant.

I (stupidly) invested in Teathers back in 2015 ish, but it was an AIM pump and dump scam which went bust and delisted. My holding has sat in my portfolio with 0 value and I’d long ago given up any thought of getting anything back on it. I assumed it was just a worthless line on the portfolio so delighted to see Webley use this as the vehicle. Given the crazy climb in SP as well I’ve actually got out midweek with a bit of profit from my original.

Had no problem selling mine 2 days ago , with II.

I’m interested to understand why, as part of the pre-IPO / IPO actions the original Smarter Web Company Ltd reversed in to Uranium Energy Exploration before changing name. UEE were unlisted and pretty much dormant so what was the purpose in choosing to use that as a vehicle for listing ?

This continually goes from bad to worse to disastrous. So much for cash generative market leading businesses- it’s all just a sham and financial train wreck.

What will be hurting Mouldy more than anything else is the absolute trashing of his image and reputation that continues every day.

When this first came to the market Mouldy lapped up the publicity portraying himself as a different type of CEO - or should we say 'owner'. No starchy suits and flabby belly here was a fashion conscious fitness fanatic who liked to look after himself, look good and be seen in all the right places (not the City obviously). He wanted his employees and his familty foundation to benefit from the successful business HE had built.

I'd imagine many of those employees have lost a fair bit of money backing Mouldy and that will hurt his reputation along with all investors who have also lost big in here.

Sometimes you see a share price being walked down continually with the feeling that there is concerted effort to get it down to a particular level. This feels personal instead and the daily decimation of the SP is being done to force Mouldy to act. Whether that'll be to step down or take his ball home and exit the markets is up for grabs.

Whatever happens Mouldys reputation is trashed and the image is of a narcissitic failure who was completely out of his depth and has cost many people a lot of money, especially his employees.

Looks like Ingenuity was the good bit of the business then and worth more than Nutrition and Beauty together - lol

It’s almost like this sort of amateurish behaviour is deliberate by Mouldy in order to further undermine the SP and credibility of the company. He’ll complain that the city doesn’t want this and he’ll engineer another dodgy scheme to take this off shareholders whilst shafting them , all whilst trying to pretend he’s doing a favour. Con man.

The whole Moulding, Kelso, Selkirk connected relationships is just another thing the city don’t like and distrust Mouldy for. I got the feeling that todays update from Kelso, and the bit about separating Nutrition and Beauty was them being used as a mouthpiece to front run Mouldys intentions. It’s all a bit incestuous with Mouldy controlling and coercing.

This is the city basically showing that they have zero interest in what Mouldy does or says. They know he is planning to delist this and wants to shaft shahreholders so they're not interested in his games trying to pretend that it's an investable, undervalued, misunderstood, successful business. Mouldy is an abysmal CEO of a listed business and the BOD should crawl back under the rocks they hide in.

Does Mouldy want the SP higher , and therefore improve his wealth, or to retain control of the company. I think it’s pretty clear it’s the latter even if that hits the SP and his own wealth.

Pearls - Mouldy sees the poor SP as being all the fault of the city and nothing to do with anything he’s done. If he does comment it will just be another rant about how the city hates him and wants him to fail, which will do more damage to the SP. In most listed companies, if the CEO is the problem then they get forced out. Here it’s more like the CEO here will just force it not to be a listed company anymore,

Nobody is coming near this because of Mouldy. PE know it’s not worth their time and effort because he has no plan on selling to anyone else. Instos won’ t touch this because they don’t trust him and the city have sussed him out a long time ago. The only way this is going private is when Mouldy takes it once the attrition has fully cratered the SP and shafted shareholders - pretty close now some would say. He holds all the cards and the spineless incompetent BOD are happy to support him and taking the pay cheque. Shocking for a FTSE 250 listed company.

The reality is, what gets said by Mouldy is designed to conceal and put a false spin on what actually gets done and what his true intentions are. In theory there are lots of things that could be beneficial for shareholders but what happens in reality is designed to shaft shareholders.

The market often has no correlation to the real world activities of a company. It’s all a money making casino, gambling on sentiments and playing games with a share price rather than a real reflection of a company.

I think there will be an extension granted on Thursday and more time will be needed. Sidara have made a non binding proposal of 35p, talk of them coming back with 25p is nonsense. This proposal has a number of conditions which Wood and Sidara, along with the authorities involved, will be actively working on and I expect they will be satisfactorily sorted but it will take some time. One of the conditions relates to publishing the accounts and we’ve already been told that the auditors are behind with these and so won’t be completed by the 30th. Unless there is some sort of waiver agreed then Sidara are unlikely to formally offer until they are completed which will mean this going in to suspension for a number of weeks.

All this time required allows the market to play on people’s fears and the uncertainty. Sidara will be content to continue playing the long game here - they have been courting this business for quite some time and timescales aren’t an issue for them. It would seem most parties want this to proceed and so any hurdles will likely be resolved, it just won’t be quick.

Is this being held down to allow them to close out or are they adding ?

A fair amount of noise being made to sow doubts as to whether the Sidara bid will go ahead. For those who believe then there’s good opportunity here to make easy money. Given we know the price and the terms on which any bid will proceed it does seem odd that the price action still indicates an offer won’t come,

Nothing to do with Biden though ?!

Highly likely that a lot of countries will acquiesce and lower / drop tariffs on US goods. At the same time significant anti-US / anti- Trump sentiment will mean consumers will boycott many of those same US goods. Already seen it in play with Tesla and a places like Canada and Denmark pushing an anti US stance.