Amphion Innovations Share Discussion Threads

[dave4545] 06/2/2019 13:41

50% up nice

[dave4545] 06/2/2019 08:59

Cannot even buy 100k now at 0.6p

[dave4545] 05/2/2019 12:11

2 x 500k and 2 x 250k are mine.

Tuck them away until the spike. As MTFB edge higher and higher this will eventually get noticed.

In theory if you buy Mtfb and it doubles you obviously make 100% but I reckon if Mtfb does do 100% from here Amp will will do 500%

[small crow] 05/2/2019 11:34

Yes. I would bet that, despite indications, everything today has been a buy.

[dave4545] 05/2/2019 08:27

!FOLLOWFEED
From looking totally down and out there is actually a improving chance that AMP's stake in Mtfb could clear most or all of their liabilities if the price of Mtfb continues to climb.

With such a tiny market cap there is always the chance this could spike 100-200% on the hype

[gclark] 14/1/2019 21:12

I'm impatient so have emailed tonight. No time like the present.

[gclark] 14/1/2019 20:32

Yeah I found that and considered it very vague! And considering it is such a large amount of the debt, it should be explained more fully.
I will wait to see if anybody has any more information, and if not, I will email the company tomorrow morning.

[gclark] 14/1/2019 19:05

Can anybody tell me what 'Trade and other payables' of USD10.7m in the liabilities on the balance sheet comprises?
On the basis that Amphion doesn't 'trade', it is a bit misleading. Is it the unpaid salaries of the Directors?
Any help appreciated.

[2pablo] 22/8/2018 07:45

That 'book value' was confusing me, still is, and is an accounting term which I think represents the total value AMP shares would be worth should Motif be liquidated.

In fact our shares are worth considerably more in the market. We retain 8.51% with 24,475,591 shares. These if sold @33.5p as today's were would bring in £8.2m or $10.6m. So we are well able to cover the loan Facility outstanding if we have to keep selling.

As discussed previously, don't think this is the end of Amp's debts, far from it. Someone on MTFB LSE BB stated he thought AMP's selling and 'overhang' were having considerable drag on the MTFB share price Maybe that is so, in which case we are doing ourselves out of deserved money payback from a company with considerable prospects. Not sure of this effect myself because we state we are selling directly to an Institutional Investor each time, who can't be dumping them as they'd often be at a loss.

[euclid5] 21/8/2018 21:30

from the recent broker note:

Net proceeds of approximately US$1,273,000 from the sale of these Motif shares are to be used as partial repayment of Amphion’s loan facility originally announced on 5 June 2014 (with the most recent terms being detailed on 22 December 2017), as well as ongoing business operations and development of Amphion's other Partner Companies. Following this sale, Amphion's holding will represent 8.51% of the issued share capital of Motif. The Motif shares sold had a book value of US$1,339,166 as at 30 June 2018.


Following repayment, the loan balance of the Facility will be US$2,822,642 including fees and accrued interest. The remaining loan balance is expected to be repaid in 3 monthly installments from 15 October - 15 December 2018.

[escapetohome] 14/8/2018 21:09

For this degree of performance , i would expect them to pay compensation to amphion.

A woeful performance.

Mistake after mistake made by the solicitors acting for datatern, and this coterie let them off scot free.

[2pablo] 14/8/2018 21:02

hoggar -

Indeed : In May 2017, Richard Morgan and Robert Bertoldi, Directors of the Company, entered into a deed of postponement where they have agreed to postpone the repayment of the amounts owed to them, which total US $4,300,000, until all other debts of the company are repaid.

With regards salaries, Morgan gets $350k and Bertoli £300k but both have deferred about 30%. Big salaries for not a lot of progress. (Jun '18 - Final Results)

[hoggar] 14/8/2018 19:11

My notes on this company suggest Morgan and Bertoldi are owed over $4million for fees and salaries. This dates back to the beginning of the year. I would guess the exorbitant fees these fat cats pay themselves will now exceed $5mil. However Morgan must be feeling some sense of guilt and embarrassment because he and Bertoldi are delaying accepting this money until all other debt is paid. One wonders if this was the cause of Bertoldi's swan song?

I can hear all investors moaning as to why these fat cats should be paid one cent considering the board members financial ineptitude. Well, they are guaranteed tapered fees dependent on performance. But that performance only relates to IPO success of partner companies and a few directorship bolt ons. unfortunately, this one sided business model does not reward the small investor unless liquidity remains in the stock.

[2pablo] 14/8/2018 17:28

Datatern had the legal case thrown out because we couldn't afford the legal team - case to be resumed if we ever have the wherewithal.

sorksandnorks : Loan currently stands at $6,187,786.

Convertible promissory note is for £6m. This latter is due to be converted to shares @ 3p on 31st December 2018, so no debt there.

Elsewhere : "Most of the remaining loans on the balance sheet are due to the Estate of Jim Macaleer, our former Chairman, and the Estate has agreed in principle to extend payment to 31 December 2018. As a result, all of our major categories of loans have been extended to December 2018."

This is Robert Bertoldi's email : [e-mail]

Bob Bertoldi

President & Chief Financial Officer

I'm pretty sure that will get him and he can easily spell out how much debt we have and he also spelled out to me a few years ago what we held in Motif which might well be worth confirming.

[dave4545] 14/8/2018 12:49

What happened to Datatern to be listed as a wipeout ?

Not followed this for a while.

Liabilities from memory were over 20 million, not a impossible situation if Motif trades again at 60p+

[sorksandnorks] 14/8/2018 12:43

Good to see some views on AMP being aired. From the AMP website, it appears that AMP has holdings in the following companies. They are listed showing the % held by AMP and my estimate of their values - I have been very strict with these and some of those marked "nil value" may very well be worth something but I am considering the worst case scenario.

Access - 15.07% - nil value
Firestar - 11.86% - nil value
Polarean - 24.0% - today's market cap = £11.7m, hence AMP's share = £2.8m
MotifBio - 9.5% - today's market cap = £102.3m, hence AMP's share = £9.7m
Private Markets - 25.33% - nil value
Wellgen - 24.34% - nil value
Datatern - 100% - nil value

From this, AMP's market cap today should be £2.8m + £9.7m = £12.5m.

But, on ADVFN this morning, AMP's market cap = £1.7m and AMP's mid share price = 0.8p.

So, ignoring any debt, AMP's mid share price should be (12.5/1.7) x 0.8 = 5.88p.

The problem, of course, is the debt and I do not know how much that is. If anyone does can they please post it on this board so that I can work out what I think the mid share price should be. Many thanks.

[dave4545] 14/8/2018 10:36

Used to be great for spikes this one when Mtfb was doing well so even though the valuation does not match the liabilities there is still a chance of a spike when Mtfb is on the move so worth watching especially as price is at all time low I believe.

[rizler] 14/8/2018 09:52

Not a flicker on the news from mtfb today.... interesting.

[escapetohome] 12/8/2018 14:34

I wouldnt trust the managent one iota.

I mean that.

They could have made huge success, they lacked the acumen to do so.

The City - i address you - do not waste further investment in this ‘ outfit ‘

[hoggar] 12/8/2018 12:51

Amp will respond as if on steroids! Not too sure about that statement. This company is so heavily in debt its total assets will not cover due payment in time. As I have posted many times over the years on this post, Morgan needs to incorporate a new business strategy. It would appear he has finally realised this fact and gone away to draw up a new business model for Amphion and save his considerable investment.

Time is his enemy at the moment and the stagnant performance of current investments will not pay the monthly instalments or indeed the end of year repayments. Another restructuring is in the offering if the loan bearers want their money on time. The trouble is, Morgan’s curriculum vitae is quite frankly pathetic. His new business plan involves assisting late stage IPO businesses with advising and collecting financial investment support. Now where have we heard that before!!! That might be a nice little earner for him with the exorbitant fees he and his team will no doubt demand, but what does the investor get, debt and more debt suppressing the stock. In the fifteen years since Amphion listed he has managed the company down to junk status. Spending tens of millions of investor’s money on American patent lawyers chasing the likes of Microsoft and SAF for infringements was like the David and Goliath fairy tale.

The current situation is quite dismal indeed. With only a 9.5% holding in Motif it is almost certain the next to go will be its holding in Polarean to fend off the sharks. Even if Motif suddenly gained full approval the current mounting debt will dilute and hold back the share price A better scenario would be a large Bio company buy out. This might be what Morgan and Amphion are hoping for in the coming months.

[dlm2602] 10/8/2018 15:12

Look at it as very cheap option on MTFB. Currently MTFB is unloved. In spite of all the relative positive news re P3 and NDA progress its shares still languish around 30p. If /when the bounce occurs with MTFB then AMP will respond as if on steroids!

[sorksandnorks] 10/8/2018 14:28

Does anyone care about AMP anymore? The silence on this board is deafening. We all know that it is all but dead but can't we at least have a dead cat bounce?

[sorksandnorks] 10/8/2018 14:28

... but perhaps the cat is still falling!