Biome Technologies Share Discussion Threads

[glyn10] 26/2/2014 13:03

all inline with management expectations.........

[sirmark] 26/2/2014 12:51

Couldn't agree more to be honest Grax, I would have walked but it was all about getting the story right !!!

Well let's see what they are up to this year !!!

Optimistic !

[begorrah88] 26/2/2014 12:16

If, at that time, we'd known that he was going to spend the £11million in cash and then raise more cash, twice over, and burn through most of that without even generating a path to break even, everyone would have walked away.

I fully accept that these types of companies are risks but I don't think anyone expected him to repeat his failings year after year after year without learning from any of them.

The money he threw at the Novamont legal issue [£2million+]whilst putting out trading statements about 'robust defence' and implying that BIOM was winning, and the RNS about the first victory, only to walk away from BIOTEC completely and tell us the Italian bag market was dead was yet another bad decision.

Novamont put out a press release a few days ago about them going into retailers in Italy now

hxxp://www.novamont.com/default.asp?id=738&id_n=35475


Mines has spent fortunes getting 'the right people' around him and yet they have all walked away again and he continues to fail the shareholders.

[ron64] 26/2/2014 12:06

Following the appointment of Paul Mines as Chief Executive Officer of the
Company on 16 April 2007, a preliminary review of the business operations of the
Company has been conducted. The results of that review were presented to the
Board on 25 May 2007.

The principal conclusions from the review are as follows:

1. Biotec

Biotec, which is owned 50 per cent. by Stanelco and 50 per cent. by SPhere S.A.,
sells virtually all of its biopolymer output to its shareholders. In the current
financial year to 31 December 2007, it was envisaged that each shareholder would
take approximately half of the production capacity of biopolymer and Biotec has
prepared itself for that eventuality. However, the Stanelco sales and product
pipeline is currently nascent and is expected to be developed over the course of
the next 18 months or so.

Given this, and other strategic constraints, the plans to manufacture Biotec
materials in the USA have been placed on hold.

In addition, the Board has become aware of certain patent challenges lodged
against some of Biotec's products and is currently evaluating the significance
of these challenges.

2. Radio Frequency (RF) Applications

The Greenseal trials have now been concluded. Unfortunately, the Board's
assessment of the result of these trials is that they are unlikely to lead to
any commercial sales for this particular application. Underlying trading at the
RF division remains steady.

3. Aquasol

An agreement has been reached to sell certain assets of Adept to MonoSol AF
Limited for approximately #494,000 and this may lead to the possible future
licensing of Aquasol's FrogMat intellectual property. Shareholders will be kept
fully informed of further developments in this regard.

Development continues to commercialise other Aquasol intellectual property.

4. Cash flow

Our cash balance at 30 April 2007 was approximately #11 million. We are
committed to ensure that these funds are deployed successfully towards a cash
positive trading position. Accordingly, the cost base of the business is being
kept under review and further cost reductions are envisaged.

Trading expectations for this financial year will be adversely affected by the
above.

The Board remains encouraged by market trends and customer interest in the
Company's portfolio of products and intellectual property and is developing its
plans in the short term to deliver shareholder value from these assets over the
medium term.

A full trading update will be provided with the half year results.

[sirmark] 26/2/2014 10:27

4,900 buy yesterday
5,100 buy this morning

Same person dealing maybe? trying to disguise the buying?
.5% of the company in two chunks, 2,000 sell yesterday.

[begorrah88] 26/2/2014 07:31

If the CEO of the company is a proven failure with many years experience of failure to close deals and excessive cash burn and lip service to the markets, it doesn't matter how much cash and opportunity he has got people will not invest in him - that includes Institutions

Every single institution or PI that has supported Mines has got burnt and lost money

His MO hasn't changed - constant 'trials' etc but never any follow through to deals.

Mines IS the problem and Standen is weak and won't address it, especially when he gets extra business and over payments thrown his way.

[wolterix] 25/2/2014 23:56

I dunno mark, sir mark etc

Despite the all the good natured stuff, laughs etc, I struggle to see where this is going tbh

[lwaxf13] 25/2/2014 21:46

£10+ is still way short of what the share price was the day Mr Mines arrived. If you would make money on that with recent purchases fair play to you. Whatever way anyone tries to slice it this has been a disaster for shareholders. It's unreal that someone is paid for this shocking performance. Still, never mind though it must be early monthly pay run at BIOM so all is well in the world :-)

[sirmark] 25/2/2014 17:01

Totally agree Grax the salary in comparison the companies revenue/profit is outrageous and the board and previous FD was on ridiculous figures just because we are a plc..... unreal. Let's hope we see really good return in the share price £10+ and he can pay him self what he likes.. I won't care :)

[begorrah88] 25/2/2014 16:02

Minesy has, all he has to do is pull the wool over a few peoples eyes with more jam tomorrow talk at each update and he can continue milking the company for a disproportionate salary.

If there was a table for CEO pay by percentage of company market Cap I'm pretty sure he'd be a front runner.

Especially if there was a graph on how that % had risen since his arrival

Interestingly he doesn't get paid enough to buy any BIOM shares!

[lwaxf13] 25/2/2014 15:50

Has BIOM or Mr Mines said or done anything to be optimistic about? I rest my case ;-)

[begorrah88] 25/2/2014 15:16

'feel slightly optimistic for a change'

Now that did make me laugh.

[sirmark] 25/2/2014 15:01

0.0012

I believe someone went in in December as there was reports of a rotting banana in the fridge.


I would say I'm on the verge to buy more, get above the 4% .. .and honestly feel we are on the verge of a share price rerate.

If the RF business picks up(which I believe it has), and the pods keeps moving forward and every increasing then with the large holders looking for real returns anyone wanting to buy will have to be quick when this goes, but to keep if balanced history says this will not happen and more jam tomorrow, stock piling increased cash burn etc etc.

Time will tell, but as always I put my money where my mouths is and feel slightly optimistic for a change and a little excited which hasn't been present for quiet some time.

[lwaxf13] 25/2/2014 14:16

12p old money is more like £200. This thing consolidated at around .06p so 12p old money = 12 / .06 :-)

SirM - with your large shareholding do you get an inside scoop on what anyone actually does at BIOM? Does anyone actually turn up for work and what do they do? Sharpen the pencils all day? :-)

[wolterix] 25/2/2014 14:01

just lurking* SirM


*trolling

[sirmark] 25/2/2014 13:59

The quiet before the storm.


A bullish update could see this rocket, with just a handful of holders holding over 45% and all underwater and most needing 12p old money £2.90 new money (very conservative) many will be looking for a decent return on that.... so I don't expect to see these levels for much longer.


SirM


Poised and ready.

[sirmark] 21/2/2014 12:33

How you doing wolt, nice to see you back...have you come back in time for the massive rerate ? back to £10/share? or just lurking behind the corner.

[wolterix] 20/2/2014 22:47

wife's ex boss landed Lego as a client, I can ask if you like

[begorrah88] 19/2/2014 20:19

'when good news is released this is seriously going to fly'

Made I laaaaaauuuuuuugh!

'When' FFS!

When indeed!