Byotrol Share Discussion Threads

[supernumerary] 26/4/2024 11:05

'Shareholders wishing to trade these securities can do so through their stockbroker.'

At least one broker I use said they couldn't trade unlisted securities, and I suspect that's rather common with cut-rate dealing services.

[loafofbread] 26/4/2024 08:40

Interesting to see if Byotrol follow the lead of other companies going down the delisting route?

MOLECULAR ENERGIES PLC
("Molecular" or the "Company")

Last Day of Dealings on AIM
Post Cancellation Shareholder Communications

Molecular Energies plc (AIM: MEN), provides an update on the matters described in the circular to shareholders dated 28 March 2024 and further information on shareholder communication following cancellation of the admission of the Company's ordinary shares to trading on AIM ("Cancellation").

Cancellation of admission to AIM

Cancellation will take place at 7.00 a.m. on 29 April 2024. The final day of dealings in the Company's shares on AIM is today, 26 April 2024.

Website

The current format of the website of the Company will be re-structured and will be live with effect from 1 May 2024.

The website will provide up to date information with regard to all material developments of the Company and members of its group. Whilst some sections of the current website will no longer be applicable, in order to promote transparency as a private company new features will be added with the aim of strengthening the connection between the Company and its remaining shareholders.

Communication

Molecular recognises that as a private company, it is imperative to ensure that those who came on its journey are kept regularly informed.

Accordingly, Molecular will publish news of all material developments both on its website and via its social media accounts, which it will continue to maintain. A regular newsletter providing business updates will be issued with the first anticipated by 30 September 2024, by which date the Company anticipates that it will publish its annual accounts for the year ended 31 December 2023. The Company will maintain its shareholder communications email address - [e-mail] - and investors wishing to receive these regular updates or enter into dialogue with the Company are encouraged to email that address requesting to sign up.

Dealing Arrangements

The Company's ordinary shares will be admitted to trading on the JP Jenkins securities matching platform from the 29 April 2024.

JP Jenkins provides a securities matching venue for unlisted or unquoted assets in companies, enabling shareholders and prospective investors to buy and sell shares on a matched bargain basis. JP Jenkins is a trading name of InfinitX Limited and Appointed Representative of Prosper Capital LLP (FRN453007).

Shareholders wishing to trade these securities can do so through their stockbroker. Trades will be conducted at a level that JP Jenkins is able to match a willing seller and a willing buyer. Trades can be conducted, and limits can be accepted, during normal business hours. Shareholders or potential investors can place limits via their existing UK regulated stockbroker.

The indicative pricing for the ordinary Shares (ISIN: GB00BMT80K89), as well as the transaction history, will be available on the JP Jenkins website at (hxxps://jpjenkins.com/company/molecular-energies/).

The provision of the matched bargain facility will be kept under review by the Board and, in determining whether to continue to offer a matched bargain facility, the Company shall consider expected (and communicated) shareholder demand for such a facility as well as the composition of the Company's register of members and the costs to the Company and shareholders.

[sikhthetech] 25/4/2024 20:16

The problems have also been 1gw and his mates inability to understand the company, sector and markets.

This was his post on TLY, stating that the share price has fallen since July 2023, which he suggested was material selling by institutions, making it sound plausible.

However, I posted the evidence that he is completely wrong..
Look at the 7 votes up for 1gw's misleading posts. It didn't even appear in top posts. Multiple ids!!


1gw21 Apr '24 - 10:39 - 21190 of 21193 Moderate | Ban
0 7 0
<...>
"Yes there have been some holdings notices showing other major holders increasing, but it looks like there has been material net selling by the major holders listed in the annual report (as of late July) doesn't it? This is consistent with the share price trend since then, isn't it?"


My post providing evidence that 1gw is completely wrong, again

sikhthetech21 Apr '24 - 18:44 - 21191 of 21193 Edit
0 4 0
1gw,

<...>

"Yes there have been some holdings notices showing other major holders increasing, but it looks like there has been material net selling by the major holders listed in the annual report (as of late July) doesn't it? This is consistent with the share price trend since then, isn't it?"

No, look at the evidence. I said in Sept that there was no evidence of significant selling by institutions (note, significant and plural institutions). The evidence backs that assertion and you have been proven wrong.


AR of 27th July, total holdings > 3%
91,754,158

AGM result: unanimously voted for majority of the resolutions
91,552,076


91m in July and similar voted in Sept.


There is NO evidence of institutions selling between July and H1.

<...>

[sikhthetech] 25/4/2024 20:09

cliffpeat

"So despite what BYOT board says, it is possible (though expensive) to raised money on AIM."

With Byot, the problem isn't the market, it's the BoD's decision making, or lack of it, especially during covid.
The shares were around 10p but the actions were still flawed, as evidenced by the lack of sales, repeat sales.

The company newsflow showed the BoD were failing to seize the opportunities presented to them.

[loafofbread] 25/4/2024 19:53

Another 4M or 1% bought today at 0.12.

The company has destroyed the small share holder base but given someone the chance to pick up a majority stake at bargain prices.

[cliffpeat] 25/4/2024 19:49

@1gw post 12895.

Yep - hands up - wrong company. The plc listed on AIM in April 2023 raising (gross) £6m (net c£4.7m)

But OHT is another AIM loss making business. At 31 December 2023 the group accumulated losses were £30.8m after an annual loss of £3.4m.

There had been top-line growth in sales but still a way to go to break-even and profit.

So despite what BYOT board says, it is possible (though expensive) to raised money on AIM.

Anyway - my derisory 300k of shares is now worth almost nothing - I haven't sold but don't expect to hear any more from BYOT Ltd other than LinkedIn reports of what they are doing for free :)

[loafofbread] 25/4/2024 19:38

We are where we are.

Couldn't give a toss if we are listed or not.

Happy to wait for my 1p+ return a few years out.

Good effort from 1gw for attending the meeting.

[sikhthetech] 25/4/2024 17:15

1gw

"And yet you could have gone to the General Meeting and seen the presentation." "You could be trying to engage with the company to argue for what you think should happen going forward"

You have been doing so for years. What happened? The fact is you and your mates are good at spinning the newsflow to suit your agenda, overplay the potential and underplay the risks.

Yet despite attending GMs, following presentations, having dialogue with the BoD etc, the vast majority of your suggestions turn out to be fiction and don't come true. The majority of your shares go onto crash. On shares I've warned on, the company's issue warnings backing up what I've been saying.

You're trying to distract away from your failings and lack of understandings, hoping posters believe you that it's a one off.

You and your mates have a long history of failed shares. Blnx/Rthm/Trmr/Byot/Stu/Nano/VRS etc etc.


For someone who portrays themselves as knowledgeable, well reasoned, that is very surprising, isn't it?
You make a dodgy 2nd hand car dealer sound honest.
How many multiple ids do you use and why?

[1gw] 25/4/2024 16:20

I've been meaning to come back on post 12617 of Cliffpeat's which suggested Ashley Head was no longer a director at Ocean Harvest Technology. Cliffpeat was looking at a limited company subsidiary, not the plc.

Ashley Head is still the (non-exec) chairman of the plc, where he was re-elected as a director today. Today's result of AGM suggests he has relatively happy shareholders there with all but 1 vote passing with zero votes against (and the other one only 0.01% of votes cast against it).

[football] 25/4/2024 14:20

Big buy waiting in the wings later on?

[1gw] 24/4/2024 17:41

The new chairman joined the company (as a non-exec, not as chairman) on 13th September and the CEO (VP) departed on 26th September.

Now I'm not saying that is cause and effect, but if it were (as CliffPeat speculated at the time) I don't see how he could reasonably have been expected to act faster than that.

Now he has got himself promoted from non-exec director to non-exec chairman (as the cancellation has been approved) and he is very definitely in a position to influence the outcome going forward - and in particular of course the makeup of the board.

[brownson] 24/4/2024 17:07

1gw
If the new chairman is dissatisfied with the value of his shares, he has only himself to blame. He made a poor investment decision (as did I) but he was in a position to influence the outcome and he appears not to have done so. It doesn't exactly inspire confidence in his judgement.
Furthermore, the executive management remains unchanged i.e. That speaks volumes.
I am not naive enough to think that I can have any influence over the company other than using my vote, so why waste time on it?
Soon, I imagine there will be no bulletin board to whinge on so we can watch our cash disappear in silence.

[football] 24/4/2024 15:05

Well gone 1gw for taking the time where the rest of us moan from a far without having any of the information So in your opinion is it better to buy shares before they are delisted or wait for the fund raising?Seeing someone is picking up a few million shares every dayFully expected reply you should have went to the meeting and found out yourself

[1gw] 24/4/2024 14:37

brownson - they're delisting, they're going private, they've brought in a new chairman to run things going forward and they intend to raise funds. The chairman was only appointed to the board in September and came in with a reasonable personal shareholding (7.7m shares). How do you think he feels about what has happened to the value of his shareholding? Had you come to the meeting or talked to him direct, you might have a reasonable feeling for the answer to that question.

If this isn't the time for shareholders to try to influence the direction of the company then when is? And that means contacting the company (and I would suggest the new chairman if you have doubts about the existing executive directors) or at least coming along to the key meeting ahead of delisting, not whingeing on a bulletin board (IMHO).

[brownson] 24/4/2024 10:20

1gw
They have been giving positive presentations for years but they never deliver. A trip to the meeting is simply a waste of a few hours. There is no reason to think that delisting will suddenly make them successful. The only hope would be a complete change of management and that won’t happen, even though it would actually be in the best interest of the incumbents given their own holdings. They are simply too dull to realise it.

[mudbath] 24/4/2024 08:34

If you lead with passion anything is possible!
(Paula Abdul)

[1gw] 24/4/2024 08:27

And yet you could have gone to the General Meeting and seen the presentation. You could have heard what steps have already been taken to reduce costs. You could have watched the body language and heard the chairman designate give his forthright views on both past and future. You could be trying to engage with the company to argue for what you think should happen going forward and to work out whether you wish to and would be able to participate in the fundraise.

No-one afaics is trying to dispute that things went badly wrong around the roll-out of Anigene, with costs incurred that counted on revenues coming in that proved to be illusory. And neither is anyone trying to dispute that Solvay commission is taking longer than expected to ramp up, nor that Ecolab is taking an extraordinarily long time to get its Californian byotrol24 registration.

The issues now, though, are around what is possible going forward.

[football] 24/4/2024 08:10

Maxk all we have left is dreams so don't rain on the prade

[maxk] 23/4/2024 21:27

You wont see a penny of it footy (even if it happens) 🥵

[microscope] 23/4/2024 21:08

Not sure seaweed floats.

JustSayin'

[football] 23/4/2024 21:01

Looking forward six months to when the seaweed stuff gets floated on the NASDAQ and we're all billionairesRodney

[loafofbread] 23/4/2024 20:15

Someone still buying. MMs having a ball.

[brownson] 23/4/2024 10:36

A very charitable company.They have been donating to the unemployable every month for years.

[football] 23/4/2024 10:03

Can't save shareholders here in the UK but ok saving pets in the Ukraine





CEO at The Pet Industry Federation


Jane Kiely thank you so much for your donation. It will make a big difference to the many abandoned pets in Ukraine U-Hearts

[sikhthetech] 22/4/2024 21:20

That's why I think he's taking the company private now before the AGM.
It'll be difficult to challenge the BoD once the company is private.

Does anyone know when he was due for re-election?


If there's some faith in the BoD and the company was impacted by the market then I could understand them going private. But for a company where the sector was booming, biggest pandemic handed on a plate, then they should have had a placing in spring/summer 2020, sorted out their supply chain and spent on marketing/brand awareness. I'm sure if they did that then the company would be huge by now.

There was a ready and desperate audience waiting for their products.