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Tekcapital Share Discussion Threads
Showing 376 to 398 of 400 messages
|Yes, perversely, well done on the placing LOL +8% is not to be sniffed at.
I have no clue how to value Belluscura BB2, but what are the odds on it IPO and then signing a deal for crackle bake and walking electricity with TEK?
Im probably being unfair, and whilst TEK is still on my w/l, Im starting to get a bad feel for it. They are not doing what they said they would do, and the goal posts are moving, what happened to the 18 month target to get a licence? Gone and forgotten? Its now long term?|
|Going by today's share price action, TEK perhaps ought to do placings more often! ;o)|
|Yes great call PJ, not sure why the shares are higher today but I'm not complaining. Any ideas on value of Belluscura?|
|PJ 14 Jan '17 - 08:10 - 388 of 393 0 0 Edit
Nice to see positive news. No contract yet. Beware a pump before a placing!|
|So Belluscura has burnt through $2million already?|
|So the long-awaited placing rns has arrived this morning. Looking to raise up to £2.4m (not less than £1m) at 35p. The market seems to have taken the news as mildly positive at present.
Proposed placing to raise gross proceeds of up to approximately £2.4 million - HTTP://www.investegate.co.uk/tekcapital-plc--tek-/rns/proposed-placing/201701260700101485V/
Use of Proceeds
The Company intends that the net proceeds of the Placing will be predominantly used to:
· launch IP-related software applications;
· expand the Company's sales programme in Latin America;
· acquire and market new intellectual properties; and
· for general working capital purposes.
Some useful titbits under 'Background to the Placing'...
re possible Belluscura IPO in 2017 - "The Company is currently exploring an IPO of Belluscura in 2017. If this IPO proceeds, then the Directors believe that this should represent a value inflexion point for Tekcapital's shareholders."
"The Board believes that the Company would benefit from additional finance to enable it to accelerate its growth strategy. The Placing is expected to allow the Company to continue to fund acquisitions of additional new potentially disruptive university intellectual properties, and complete further out-licenses of intellectual properties that are already under exclusive license to Tekcapital, several of which are currently in negotiation. The Board believes that this strategy, coupled with the future growth of sustainable income streams from corporate services, out-licenses, and the potential IPO of Belluscura, should facilitate the creation of material shareholder value over the LONGER term."
Interesting that they appear to see a possible Belluscura IPO, and not the out-licensing of the much-vaunted Crackle-baked process, as the main catalyst for increasing shareholder value.|
|TEK RNS covered by Trader Tim this morning, good analysis! Price is key with this one.
|Hopefully, would certainly be a first in 2017!|
|Yes good to see, what a placing we shareholders may participate in....|
|Nice to see positive news. No contract yet. Beware a pump before a placing!|
|Yes it is progress, hopefully they have more success and we can see a good return from the 5% royalties.|
|Initial reaction. Latin America? MIRA?
Confirms the changing strategy IMO, wonder why they have not communicated it to Investors more pro-actively? Maybe VOX Markets says it all|
|London buses, bb ;-)|
|It'll happen RP19, sooner rather than later imv :))|
|From the half year interims - "By the end of the year (November 2016) we expect to make significant out-license progress". Getting towards time to deliver.|
|Crackle bake making progress with second patent allowance.|
|Private placing Nigel Wray inc for Belluscura..|
|Yes. Very interesting move today. Watching more closely now|
|Continuing to move higher, some news would be helpful.|
|Noticed these are slowly creeping higher again.....|
|Half year results out....increased losses as I expected.... Positives on some of the technologies with maybe news in November. U salt still being tested with major producer. Our value of the holding in Burlesscara is $3.3 million, hopefully we can get a revenue stream from here. Cash of $1.9 million. It all still rests on there ability to make a deal. Boom or bust :))|
|I'm still holding a few after taking profits a while back, lack of contract news is killing the share price. Good luck PJ we may fall further short term.|
|Im out boys, sorry its gragged the price down but its just an awful chart now
Also , Co has failed to respond to my communications, so B*lls to 'em. Still on the W/l but no proven model yet. Good luck if you're braver than me|