Allied Minds Share Discussion Threads

[spectoacc] 09/6/2021 15:53

Reading the OcuTerra RNS from last week, positive enough, but wondering when something like that ever gets monetised:


"...The second close includes an additional $8.96 million, taking the total proceeds of the Series B funding round to $23.59 million. As previously disclosed, proceeds from the round will be used to prepare for, conduct and report on the results of a future Phase II clinical trial of its OTT166 asset, among other working capital needs.

The transaction was completed at a pre-money valuation of $16.0 million. Allied Minds' existing shares of Special Convertible Stock (purchased at an aggregate purchase price of $2.0 million) automatically converted into shares of Series B Preferred Stock. Following the second closing, Allied Minds' ownership of issued share capital is 21.5% and fully-diluted ownership is 16.6%. "


"..Prepare for, conduct and report....future Phase II...".

Know it's not a big one in the NAV, but no hint the directors plan for the ALM gravy train to end anytime soon.

At some point there's a cash crunch.

[bobonumber1] 06/6/2021 19:38

Let's say is for example. How about 80p then ?

[kooba] 04/6/2021 13:35

"Let's say fed fair value now has a nav of 60p." ..Or why not just pull any number out our...The company could be worth more that the $200m odd current value if they deliver this year..that's an if not a given."Any asset could be disposed of at will as long as there is a buyer. " .. not necessarily so in these private company's , shareholder agreements normally preclude a free for all . Also AM has 1/2/3/? Directors on the Fed board ..unclear where it is right now but the company is undoubtedly in an inside position.The Chair did state if they went out and sold the assets in the market they would look at hefty discount.If they use their cash on buybacks yes could be asset value per share enhancing ..however having no cash to hold their corner in the next funding round on any holding could be hugely value destroying after all they are the largest holder in 2 of their largest holdings and failure to participate in a raise could see them significantly diluted.Orbital sidekick is a good business but the company holds a minority relatively small holding.Federated needs to deliver revenues and now have forecasts in the market , if they meet these forecasts next funding end of year early next should be an up round.Bridgecomm ..no feel for it.

[red ninja] 02/6/2021 10:47

Pourquoi ?

[buffettjnr] 30/5/2021 16:41

The window on monetising these assets is closing. They need to execute before October 2021

[bobonumber1] 30/5/2021 15:36

Regarding buybacks. Let's say fed fair value now has a nav of 60p. You are then effectively buying shares in fed 3x cheaper than current share price and then valuing the rest of the pf @ 0. Regarding disposals. Any asset could be disposed of at will as long as there is a buyer. A flotation or spac is out of their hands as they are not majority shareholders in the subs. They are however the largest single holders in the subs so therefore have most influence. They would only need to get the backing of invesco for instance in order to go over 50 percent in a fed flotation and GIC in orbital. GIC and Invesco seemingly have backed the board in the latest AGM, hence Rein and co have held their seats.

[kooba] 17/5/2021 14:23

Well I heard they sweet talked some shareholders after hearing there was a bit of a revolt to save their skins. Definitely looking at buybacks..right thats smart when they are looking at investments in three companies all cash hungry and the main one FW likely to need a big raise before the end of the year. Also that they've listen to shareholders and will be accelerating monetisation...if you listened to the CMD they repeated disposals are largely out of their hands.So its unlikely they actually deliver on either but think that 47% voting against the Chair is support for th board and strategies so he wont be going .....back to the golf club chaps thats all sorted..large ones all round.

[spectoacc] 13/5/2021 08:18

"As ever, the Board is committed to an open dialogue with all shareholders and welcomes constructive engagement."

Hmm. After first rubbishing the vote by saying it was all down to one institutional shareholder.

[kooba] 13/5/2021 05:02

https://www.thisismoney.co.uk/money/markets/article-9572361/Allied-Minds-hit-major-investor-revolt-chairmans-pay.html

[backinblack80] 12/5/2021 22:21

My thoughts exactly, kooba. Hope something positive comes out of this...Something needs to change...

[kooba] 12/5/2021 21:49

Interesting AGM result ...47% voted against the chairman ..and 37% voted against another director..quite extraordinary. Looks like Invesco must have supported the board seems their way however bad things get ! But rather difficult to see how these directors can really stay in post with such a vote against. Not voted out as such but surely a sufficient lack of support to be able to stay.

[pedigree_scum] 08/5/2021 11:10

I think patience will be rewarded and worth a punt at the current price

[escapetohome] 07/5/2021 10:19

Could this be a triple bottom?

Time for this company to get its act together to unlock its value.

I will be issuing a letter to directors shortly.

[escapetohome] 06/5/2021 08:21

Nice uptick, are things finally turning here?

[kooba] 28/4/2021 08:13

Very large and growing market . Eye drops could be very important market looking at current medications that are coming to end of patent life , players in the space like Roche could be interested in new approaches.https://www.globenewswire.com/news-release/2020/07/19/2064118/0/en/Global-Diabetic-Macular-Edema-Market-2020-Top-Countries-Current-Landscape-And-The-Way-Forwardlong-Lasting-VEGF-Blockers-Compounds-With-VEGF-Independent-Mechanism-And-Topical-And-Or.html

[kooba] 28/4/2021 07:56

More on the company before a 3 year gap in getting funding to progress.28 September 2017SciFluor announces positive top-line results of phase 1/2 study of SF0166 topical (eye drop) ophthalmic solution in Diabetic Macular Edema patientsDemonstrated safety with no drug-related serious adverse eventsGreater than 50% of treated patients experienced a decrease in retinal thicknessPreparation for phase 2 trials underwayBoston, MA (28 September 2017) - SciFluor Life Sciences, Inc. (SciFluor), a subsidiary of Allied Minds, today announced positive top-line results of a Phase 1/2 study of SF0166, the company's lead drug in development for the topical (eye drop) treatment of patients with diabetic macular edema (DME).The Phase 1/2 study assessed the safety and preliminary efficacy of SF0166 in 40 evaluable patients with DME who were randomized to one of two dose strengths (2.5% and 5.0% solutions) self-administered by patients as an eye drop twice-a-day for 28 days, with a 28 day follow-up period. Results from a trial of SF0166 in patients with Age-related Macular Degeneration (AMD) remain pending.The primary outcome measure of safety was achieved with no drug-related serious adverse events observed in the study throughout the 28-day course of treatment as well as during the 28-day follow-up period. Ocular adverse events were recorded in the treated eyes of 6 patients. All events were mild in severity, with one considered possibly drug-related.SF0166 demonstrated biological activity in both patient groups (2.5% and 5% solutions), with 53% of the evaluable patients demonstrating a reduction in retinal thickness (RT), and improvements in visual acuity were also recorded. Durability of RT response to the 28-day course of therapy was observed during the month after discontinuing treatment.There were no significant decreases in visual acuity in study eyes during treatment or follow-up and no patient required rescue treatment with an anti-VEGF injection during the treatment phase. Regular anti-VEGF injections to the eye represent current standard of care for DME (and AMD).Based on these outcomes, SciFluor has decided to proceed to phase 2 trials for SF0166."The safety and biological activity, clearly demonstrated in this first-in-patient study, supports continued clinical development of SF0166," said David Boyer, MD, Retina-Vitreous Associates Medical Group of Los Angeles. "DME is a devastating condition that often results in vision loss. A safe and effective eye drop treatment for patients living with DME would be a major advance in the fight against this debilitating disease. A potential eye-drop treatment for DME may not only increase compliance, but also allow the opportunity to prevent vision loss by treating earlier in the disease pathway.""We believe SF0166 represents an important breakthrough in the treatment of retinal disease given its unique mode of action and its administration as an eye drop" said Omar Amirana, MD, SciFluor's Chief Executive Officer and Senior Vice President at Allied Minds. "We look forward to further advancing SF0166. We would like to thank the patients who participated in this study and the investigators and study staff who share our commitment to advancing the treatment of DME."Jill Smith, CEO of Allied Minds, commented "These results provide strong validation of the pre-clinical work undertaken at SciFluor with regard to SF0166, and a clear case for proceeding to phase 2 trials, for which SciFluor is now preparing. Results for wet-AMD phase 1/2 trials are due later this year. SF0166 is targeting a very large and growing market, with existing injectable drugs for DME and wet-AMD generating combined annual revenues exceeding $8 billion."ENDS

[kooba] 28/4/2021 07:47

I didn't know Allied Minds did slightly unexpected good news..but there you go.. got this in at nothing and their fully diluted post raise holding of 21.9% worth $6.5m ..a couple of p per share in assets. Long way to go to get through Phase 2 but where there's funding there's hope !! Not sure how involved AM has been in this raise and I note they are not supporting with new funds so presume they have not been the driving force.

[escapetohome] 26/4/2021 17:36

A little bit of movement here today, which was s very pleasing to see.

Gives credence to my double bottom recent call.

[kooba] 23/4/2021 14:52

Orbital sidekick unfortunately a smaller interest i got a very good feeling..building out the ghost satellite constellation , fully funded. Revs for '21 mid single digits , revs '22 double digits and on to high double digits '23. Keen market in Us oil and gas lined up ..multiple other applications and possible global roll out.Decent upside on current recently raised valuation and once constellation up and running possible early exit opp i reckon..get the satellites up.

[kooba] 23/4/2021 14:45

All companies have merit and if they all hit projections then this time next year Rodney...But they kept saying there was virtually nothing they can do as not majority owners in forcing monetisation...so pretty much out of their hands if the strategic investors don't agree. And that it is too early to sell anything to obtain a realistic price. Be lucky in a fire sale to achieve share price let alone NAV.Which leaves the fate of the company somewhat out of their hands and somewhere down the road.Federated..so current Q $2.6M if i heard right looking at $17m for the year but and a big but i heard a run rate of $40m by end of the year. So instead of revenue of $40m for 2022 one should be looking far higher..even if the rate of revenue growth slowed you could be looking at $60-$80m for 2022..now this could truly be quite a different proposition if they achieve this as with that growth in a hot market a 8-10 times revenue multiple could figure on exit .If they hit these targets.Thing that worries is they massively missed last year ..but the ceo said covid was a positive for the connectivity industry ..so maybe referring to the covid thaw and that from here on its all sunshine but doesnt totally explain last year which was meant to be the big leap forward ..and wasn't.Should be a clearer picture middle of the year but could be decent upside on current value ..if they dont get diluted badly in likely late '21 early '22 funding round.

[escapetohome] 23/4/2021 14:30

Nice time to buy , hopefully double bottom.

[kooba] 23/4/2021 14:26

Now watched the whole CMD presentation.