Allied Minds Share Discussion Threads

[bobonumber1] 21/4/2022 17:13

I thought the disclosure forms where for the GM ?

[kooba] 21/4/2022 16:29

Sorry are you saying that the sale process has passed? If so no it hasn't it is a ongoing stated strategy and formal process...whether they have attracted any interest is another matter ..but CRS is not running the company as far as i am aware. If there is a change in strategy pushed by CRS or Invesco that the board has accepted then the board needs to announce that the process has been abandoned...it hasn't. So lets hope HR and any advisors and consultants have a clue what they are doing having pulled the trigger.

[kooba] 21/4/2022 16:23

Harry will not step down until the end of May or the Agm whichever is the earliest ..thats the deal he got for the GM being pulled i guess having accepted he did not command shareholder support ...i would have cracked on with a GM and sent him on his way..seems CRS were prepared to allow a more graceful exit. As i say to have pushed the button on a formal sale process with no confidence of achieving meaningful disposals or attracting an offer for the whole company would just be a stupid move ..so they have a month or so to show it wasn't just a stupid time wasting exercise designed to save HR from being ousted...not holding my breath but absolutely delighted to be proved wrong and they sell the whole bally lot with a 3 in front.

[bobonumber1] 21/4/2022 16:11

I believe that has now passed Kooba as RB has dropped the GM. There is no interest in ALM anymore, hence the stagnating / languishing share price Significant news will make it move. Harry cannot step down till a replacement is found. Not such an easy task given the high bar he and previous chairman's have set !

[kooba] 21/4/2022 15:56

Re share price languishing..any holder of more than 1% dealing would be subject to disclosure. The volume has been extremely light..so just retail. Not entirely sure the market price is the guide to the end game here , if the current management think that a formal sale process is the best way forward they must have high confidence that there is a buyer(s) in the wings , otherwise its a waste of time and just exposes how desperate a seller they are...err righto.

[kooba] 21/4/2022 15:17

Well it seems Harry has insisted on staying on till AGM or end of May so he is still in charge ..the price for not having to oust him in a GM. I would imagine the leading institutions are in a process of agreeing appropriate directors to put on board to manage the run down in a professional way and aligned to shareholders. Maybe Mark Lerdal might return if HR is falling on his sword..US based and knows the companies well and proved a good cost cutter and extracted good value out of UK listed Leaf Clean Energy. There needs to be a senior US director imo.As far as i can see from any correspondence and the CMD Failing should have no part in running listed investments , i don't think he understands who owns the company.Costs need to be cut unless there is opportunity at short term monetisation..i doubt there is a way of extracting decent value in the short term though..think the official sale process was HR last throw of the dice to stay in position..when only a year earlier he said such a fire sale was not in anyones interests..when the portfolio was valued higher.I guess the orchestrators of the change will make recommendations on structure which shareholders will get to vote on in due course ..perhaps the AGM so they have a say.If said new directors carry the support of Invesco and CRS though its a shoe in. Personally think it would be negligent to have allowed the two mates HR and BF to have continued the double act of losing shareholder money hand over fist without action , so glad the action being taken.If the current board and advisors come up with a knock out bid for the company ahead of the AGM ...SUPER! Crack on. But not holding my breath...the whole management of this company has been serial amateur hour with huge levels of incompetence ..shareholders deserve better while theres still something left.

[believer2] 21/4/2022 14:27

So - HR is leaving - the share price is languishing - with nobody at the helm that gives one ? A major shareholder has fired the starting pistol but nothing……;…. Not a single explanation to us as to plans - thoughts or progress - seems to me - a requirement to captain this ship is a total disregard for investors - thoughts ?

[kooba] 12/4/2022 19:34

OcuTerra continue to bring top people in..one senses a high confidence that OTT166 is a winner!?https://www.businesswire.com/news/home/20220404005099/en/OcuTerra-Appoints-Majid-Anderesi-MD-as-Vice-President-of-Clinical-and-Medical-Affairs

[kooba] 06/4/2022 13:05

Not sure this is the most professional approach touting for funds on twitter? Wonder if those who are committed are happy with this approach or see it as leverage? As discussed.Bruce Failing, a Director of Allied Minds, sits on the Board of the company.

[kooba] 06/4/2022 12:50

"Curiouser and curiouser"BridgeComm is close to finishing the raise of an interim B round of capital and could consider additional #funds. It could be announced within the next 30 to 60 days! #BridgeCommhttps://twitter.com/bridgecomm_inc/status/1511348199189098509?s=21&t=-fATrnXDXwCUTTyp-xWiZwThis is mean't to represent 8p of our 38.5p nav...and we are are the majority holder Holdings and valuation:· Date of Last Funding Round: September 2018· Post-Money Valuation: $38.0 million· Co-Investors: Boeing HorizonX Ventures (venture arm of Boeing Company)· Allied Minds' Issued and Outstanding Ownership: 81.15%· Allied Minds' Fully-Diluted Ownership: 62.92%21 febWider portfolio update BridgeComm The optical communications market has become a focal area for investors as they see more opportunities arising from commercial space opportunities and government programs looking for the unique characteristics of high speed and security. BridgeComm has engaged an investment bank to advise on its options and is engaged in discussions with multiple parties. We look forward to updating investors in due course. BridgeComm has developed a proprietary, patent awarded set of technologies around point to multipoint optical communications using Managed Optical Communication Array (MOCA) technology, meaning it can truly complement legacy radio frequency technology. This allows multi-domain capabilities to share large volumes of data faster, with increased security. This capability has been demonstrated to customers and BridgeComm is now developing terminals for specific applications. As anticipated, sales of the MOCA technology to customers began in H2 2021. Key partners include Boeing, a supporter of BridgeComm and partner for key applications and Space Micro for the production of point to multipoint terminals based on MOCA technology.

[cousinit] 05/4/2022 18:59

100% - and it doesn't feel like it needed any benefit of hindsight to have done just that

[kooba] 05/4/2022 15:17

Yep..the idea though i would have thought is to ensure you don't give one incoming investor that much leverage so they dictate terms at the expense of long term supportive shareholders. What one should maybe question is the valuation attributed in the post new money of $210 back in 2019...the company was really pre revenue and it appears the valuation didn't advance against this over 2 years of progress and growing revenues..though we have no idea last years revs only that they fell short of the $17m forecast.Don't think my suggestion was that Cerberus were in for a quick turn..very much that they likely smacked the effective valuation ( fully diluted) at the last minute knowing the company and ALM had little choice than to accept..why they weren't out in the heady first half of '21 raising money rather than at the eleventh hour once the market had turned is the question.

[cousinit] 05/4/2022 13:32

I can't see Cerberus investing in FW just for a quick turn... As ever, if you find you have leverage to push for a better entry price, I guess you maximize it?

[kooba] 05/4/2022 12:49

Yes wouldn't want any jewels sold at the wrong price !Noting recent info out from Federated and that last article i postedNot only loss of competitor but could pick up existing Commscope customers that could jump revenues. Some detail on customers there too...compare to previous updates ..customers up from Aug 21 portfolio update 200+ to Feb funding rns 350. Devices Aug 65k funding 85k now saying 100k.They do appear to be gaining customers ..quickly. Would point to solid first quarter i guess? Shame the company didn't manage to convince Cerberus that it was worth more than 2 years ago really!

[casholaa] 05/4/2022 12:27

You read my mind. Thanks.

[kooba] 05/4/2022 12:17

I'm pretty sure in the circumstances that the board would need the approval of the two leading shareholders to make any agreements on disposals ensuring they were in the interests of all shareholders. If there were to be an offer for the whole company all shareholders would have the opportunity to accept or not unless or until it goes unconditional.

[casholaa] 05/4/2022 11:59

See the thing is, if anyone from the company were to leave, I much prefer that they went sooner rather than later. A lot can happen between now at 31 May.

[kooba] 05/4/2022 11:33

I would imagine Invesco and CRS are discussing the board make up now Harry has realised he does not have shareholder confidence . The results came out end of March last year..no sign of them yet but those report and accounts will be down to Harry and Bruce as they are the "Board" till the Agm.I am sure new directors will be nominated and approved by then.In the meantime the Board has set in motion an official sale process and i would expect them since they have stayed in office to be trying to further their new strategic aim of selling the company whole or any part thereof. Whether they or Numis have a clue how they go about this or whether they hope someone will notice the announcement and give them a bell i have no idea...but to be fair i think i was primarily a save Harry exercise rather than any real prospect of achieving satisfactory exits. Number of fans of MP on here who it must seem came up with the fire sale approach so lets hope he's got lots of ideas on sales that reflect the underlying value for shareholders...if not it just seems a desperate move by a desperate management. Hope they prove me wrong.

[wbodger] 05/4/2022 11:06

Sorry to see HR go? Where are ALM going? Continuing to drift down without a relaunch imo.

Some way of relaunch around FW, OcuTerra, Bridge and Orbital would be my choice. But I would not want HR to be leading it.

What does ALM do about FW Chair? That's a tricky one.

[kooba] 05/4/2022 09:55

BridgeComms other shareholder..https://spacenews.com/boeing-satellite-2022/

[kooba] 05/4/2022 07:05

Me...not at all...good riddance as far as I'm concerned, i think communications past year or so very misleading..him and Brucie not up to the job in a listed company imho.Harry our healthcare expert wrote OcuTerra off and did not participate or have anything to do with fundraise...he also is not being given a seat on the board despite announcing it was pending over 6 months ago. For you https://twitter.com/ocuterra/status/1511024164567760903?s=21&t=MINLDdPYchsOBmNnwwJ_QA

[casholaa] 04/4/2022 22:29

I'm sorry to see HR go now.

[kooba] 04/4/2022 12:31

Another article re Commscope's pullback from providing CBRS SAS...some content from FW.https://www.lightreading.com/5g/commscope-ditches-sas-business-in-35ghz-cbrs-band/d/d-id/776471Others though have a very different view of the CBRS market. "I continue to be very bullish," Federated Wireless CEO Iyad Tarazi told Light Reading. Federated is another SAS provider, and Tarazi said the company has added 65 new SAS accounts during the past 12 months, and currently manages 100,000 CBRS devices. "We see nothing but growth opportunities" in CBRS, he said.Tarazi added Federated plans to chase the customers affected by CommScope's decision. "I'll give them my phone number, my email. I'll hold their hand" to transition from CommScope to Federated, Tarazi said, adding that Federated plans to be in the CBRS industry "for the long haul."Some CommScope CBRS partners are already adjusting to the company's exit. "We have already reached out to our customers to highlight CommScope's recently announced decision. We have requested that they open support tickets indicating their preference of moving to another established SAS provider: Federated or Google. We do not anticipate any interruption of our customers' CBRS service," Cambium Networks said in a statement to Light Reading. The company sells FWA equipment.

[kooba] 03/4/2022 20:11

Yep interesting folk in there ...the Chair has a particular interest in optical healthcare having previously been ceo at Bausch and Lomb. So with limited time and many other bigger interests he joins OcuTerra as Chair ( rather think he has put money in too) bit of background on one of the biggest names in US pharma.https://wiki.projecttopics.org/68893-who-is-brent-saunders-everything-to-know-about-former-allergan-ceo/index.html