Allied Minds Share Discussion Threads

[wbodger] 24/8/2022 09:10

The relevant RNS was on 27 June, before the AGM. It was about two new Directors:

"Sam Dobbyn is a UK-based corporate executive with deep public markets experience and a proven record of optimising shareholder returns. Until March 2022, he was CEO and previously CFO of Urban Exposure PLC where he reduced the cost base, managed a sale process and ultimately delivered a successful delisting of the business."

That's what he does.

"Casey McDonald is a corporate governance and regulatory expert with over 25 years' experience of serving on boards and other fiduciary appointments." That also makes sense.

It is the right thing to do if some of the remaining holdings have some value but investment is needed. ALM have no money, so a placing would be needed.

Not good for shareholders though!!

[zxie] 24/8/2022 09:06

INSP shares jump soon

[scepticalinvestor] 24/8/2022 09:03

Super bargepole - huge exec salaries, neg return for shareholders. Sympathy for those who bought in at the £4+ listing

[ashkv] 24/8/2022 08:49

hxxps://www.federatedwireless.com/about/

Scroll down the page for Board Info... scum....

[ashkv] 24/8/2022 08:49

I am shocked... what a bunch of crooks and what a bad investment Allied Minds has turned out to be... Harry Rein total scum it turns out - prior Chairman of Allied Minds and currently Chairman of Federated Wireless (Funny that Federated Wireless website doesn't have his pic or mention in their board of directors section as No Chairman mentioned... what a crook... hxxps://theorg.com/org/federated-wireless/org-chart/harry-rein
hxxps://www.lightreading.com/private-networks/federated-finds-new-funding-as-investors-challenge-its-chairman/a/d-id/775501

[ashkv] 24/8/2022 08:36

SpectoAcc - it might be in liquidation... but it has done a great trade on Hurricane Energy... and should seek to "liquidate" Allied Minds by taking control... as it is the fiduciary duty of Crystal Amber to realize true value for its investment in Allied Minds...

[ashkv] 24/8/2022 08:34

Crazy 10p... trading at 1/3rd of last NAV on Mark To Market funding round of assets of investments and cash...

[wbodger] 24/8/2022 08:32

Was there an AGM literally a month ago?

[baldguvnor54] 24/8/2022 08:30

Announced considering delisting. Price cratering

[spectoacc] 24/8/2022 08:25

@ashkv - the same Crystal Amber that is in liquidation mode itself?

[casholaa] 24/8/2022 08:25

I'm hoping that crystal will sort them out.

[ashkv] 24/8/2022 08:21

Absolute disgrace... I have held on expecting crystallization of investments..

[ashkv] 24/8/2022 08:21

Would love to hear what Crystal Amber has to say about this - they should just take over the company and liquidate it...

[dr biotech] 24/8/2022 08:15

Governance here has always been an issue. Goes private, that’s the last you’ll ever see of your investment. Haven’t held here for some years, probably not since I realised woodford was crook rather than a guru.

[spectoacc] 24/8/2022 08:10

#2983. Can't say it's a surprise.

Lack of any comment on progress or timescale is tho.

[davesailing] 24/8/2022 07:57

It has taken 6 months to conduct a strategic review and the result us a short statement regarding delisting the company! How much effort and costs have been used up for the review? The directors and board members should all be sacked!

[casholaa] 24/8/2022 07:38

Not necessarily going to be voted for.

[baldguvnor54] 24/8/2022 07:37

See announcement this morning- planning to delist. Assume they have CA's agreement to this. Expect to see the shares fall sharply as those institutions that cannot hold private paper get out.

[baldguvnor54] 24/8/2022 07:34

See announcement this morning-

In March 2022, the Company announced that it was undertaking a formal strategic review, aimed at creating and / or realising shareholder value. As part of this strategic review, the Board has sought to ensure that the Company is being managed in as cost-efficient manner as possible. In conducting this review, the Board considers that the costs of maintaining a premium listing on the Official List and the Main Market of the London Stock Exchange are now prohibitively high relative to Allied Minds' current size and maintaining a public listing is no longer in the best interests of the Company and its Shareholders as a whole.

The Allied Minds Board therefore now intends to formally consult with shareholders regarding a possible delisting of the Company. Should the Board decide to proceed with a delisting, the Company will publish a shareholder circular detailing the rationale for the decision and giving notice of a General Meeting at which shareholders will vote on a resolution to delist and will set out the expected timetable for the delisting to become effective if the resolution to delist is passed.

[dr biotech] 24/8/2022 07:14

Looks like their best way to increase shareholder value is to shaft all of them.

[casholaa] 16/8/2022 11:27

Slihtly off topic -

I can't believe people still wear spectacles in 2022!

[casholaa] 03/8/2022 15:18

Indeed. It is potentially bigger than the FW stuff. When it reins it pours.

[kooba] 03/8/2022 15:09

Diabetes is a global public health disease projected to affect 642 million adults by 2040, with about 75% residing in low- and middle-income countries. Diabetic retinopathy (DR) affects 1 in 3 people with diabetes and remains the leading cause of blindness in working-aged adults. It's a big market for a non evasive treatment.

[casholaa] 02/8/2022 17:46

Excellent. If it works, they may one day make something to make our eyes do what Superman can do with his!

[kooba] 02/8/2022 15:39

We are thrilled that the 1st patient has been dosed in the Ph 2 DR:EAM study for OTT166 eye drops, our potent & selective small molecule integrin inhibitor for an earlier, non-invasive form of treatment for #diabeticretinopathy. bwnews.pr/3zuPNTbhttps://twitter.com/ocuterra/status/1554476526275641344?s=21&t=Ioiryap-ds0k30JDHYKjrw