Member Info for WordSpaghetti

Scrabbled around under the sofa and picked up £500 worth at 1.9999p Not showing so I assume it's on the AQSE dark pool. Always interesting when MMs start hiding it over there. Might need a market abuse complaint to the FCA by the MMs. I am almost sure they are naked shorting this as well as no way there are this many shares down here.

Jgbb123 - the previous RTO didn't happen because of material concerns in the accounts of the other company. IMO HUI were right to pull the plug and walk away - shows great management.

The other thing that shows great management is not bull-headedly sticking to HUI HUI HUI but also to look and think outside the box and work out how to get to that goal. Last years rightly cancelled RTO will hopefully be eclipsed by the near term RTO with OO. As I said, 7p for starters when that RNS comes in.

Well managed company - can't help global event but can try to solve the problem in different ways. Not 100% happy at being down on my HUI IPO, but recently bought multiples of my original investment - and with a very low chance of dilution for status quo this is a good small cap buy at the moment.

Still, each to their own. Oh - and accounts on time also good to see in this current climate of delayed accounts - means well planned and managed as well.

For HUI in the current global situation the results are actually pretty ok. reduced losses, focus on the OO RTO, stating the issue is with the FCA and the main market rules and so on but nothing that should be able to be completed. Pretty good frank update from the CEO.

Well it went to what 13p on the RTO last year? so value is certainly evident with these mergers or (reverse) takeovers or acquisitions. Doesn't stop a PI selling £1k a day on HL (£8.95 fee). then watching someone smooch them all up at 1.25p lol

Steady income for HUI, removal of dilutative funding, improved balance sheet. I think it will improve the SP

Https://www.linkedin.com/feed/update/urn:li:activity:7322577683568119808

Estimated 40-50m valuation for OO on IPO! so 49% of that is 20-25m so 4-5x current SP of HUI!

Bagger

Bit pointless selling down here so I reckon just shares coming across from Aquis and closing that nominee up. not a lot. still. picked up 40k so a good deal at the moment especially when we could be looking at 7p+ after the acquisition.

RH: you shared the File Forge Tech. - Reverse Takeover and Suspension of Trading

Announcement provided by

File Forge Technology PLC · FILE

20/03/2025 07:00

So potentially, as you said this is linked to AB and HW, that now that is done surely the OO is top priority. I suspect imminently for completion.

Lenfant

Not srue where the £20m comes from.

Maybe revenues of £8-10m? If OO currently makes 500,000 euros a harvest, and at what 20 times a year? then yes 10m euros - and that's just on revenue.

What P/E ration would you give to such an entity? 5? 7? O&G is typically 11-15 as a general guide. Anyone know what P/E other medical cannabis growers obtain? if 5-7, so say 6, then actually that gives a valuation for OO of around 60m euros (10m * 6 euros) so about £50m give or take. And 49% of that is about £25m - 5x current MCAP for HUI and around 6.25 just for Oo alone, zero for HUI and hydrogen potential (and never any dilution).

Well undervalued - probably more intersting in gold and such but this is going to rerate when the OO deal completes.

GLA

From the OO website:

Greenhouses: 6 operational greenhouses

Canopy Space: 340m² per greenhouse

Yield: Each greenhouse can produce more than a tonne of dry flower per year

"Current sales range between €1,500–2,000/kg. The company anticipates higher pricing in the region of €2,500–3,000/kg as soon as GMP is obtained."

So currently e.g. 1,750 EUR/kg * 1000 * 6 = 10.5million Euros/year in revenues at mid point sans GMP. (at 2750eur/kg approx ~ 16.5million euros/year). Energy is solar and biomass so relatively low cost.

HUI has 44-49% of that (not sure what the difference is there) then take away running costs and HUI receive a good chunk. Wonder what the running costs are - but growing cannabis can't be that hard nor have too high running costs.

Very interesting! Thanks Lenfant. Good to know it's all go!

Understood - I think it's been on the table for a year or so now. Surely can't be much longer - do we know the reason for the delay? legals?

There haven't been many sells - this last week hardly anything yet dropped 50% (see my previous posts). If I had more spare cash I'd buy more (suggest everyone else do their own due dilligence/timescale for investing obviously).

Ah! interesting, ok thanks for confirming. Looking at the OO website I see they are in profit now since January as well, and expect something in the region of €500k per harvest (+33% more in near term so approx €675,000). And we are also waiting on GMP. To almost double that per harvest.

Must be close this deal and then confidence will return to HUI. GLA

Massive spread and no sells - must be trying to get shares. SP should never be down around here with the OO deal just around the corner.

Ah! thanks red hornet for the link. So that RTO is all done and dusted and now all focus on the OO deal I should imagine now unless other fingers in other pies?

I think with the issue finding large investors for the FOAK/first plant will be then be resolved with OO, and works for both HUI and OO.

Did I hear that OO will also float on a listed exchange somewhere?

Red hornet - links please as I have my fingers on IPOs and I haven't seen anything other than OO which AB and HW are involved in - otherwise I think the floatation you are talking about is already the OO one which is what I was talking about! It makes sense for all to be involved as it's there to help the financial and technical success of HUI.

Looks like you aren't really aware of what is going on Red Hornet :/ it was communicated in RNSs - Option to acquire 49% of OO for 49 million shares.

I couldn't care less about the DMG at this stage - if PHE was at 10p then I would but at the moment I don't. Until then the CEO and directors of HUI are trying to make the business grow and become financially independent - surely a very, very different aim than a lot of the small cap market (as HUI is Full market as we know).

Once the acquisition is complete, this will be worth multiples of the current MCAP.

LSE trades list missing a 65,000 buy at 9.17am today, not suspect at all is it: see londonstockexchange: yet were quick to publish the others.

https://www.londonstockexchange.com/stock/HUI/hydrogen-utopia-international-plc/company-page

As proven they don't have any stock because it was dropped on fumes and it's all been bought up. 1.4mln shares bought yesterday. pretty much all the spare shares from 2.125p.

MMs controlling this for an unknown reason.

20-25% around 70m shares (estimated)