Crimson Tide Share Discussion Threads

[hedgehog 100] 12/4/2025 15:16:08

"Under the terms of the Merger, Crimson Tide Shareholders will be entitled to receive 6 New Checkit Shares in exchange for each Crimson Tide Share."

This weekend, TIDE is 52p, and CKT is 13.5p: so the rejected offer currently equates to 81p per TIDE share, a 56.86% premium to TIDE's current share price.

So perhaps some TIDE shareholders are now regretting having rejected the offer.


TID's loss of customers raises negative questions about its competition and margins.

And is perhaps why TIDE's board were prepared to accept CKT offer that looked low to many.


Hardware-enabled SaaS (HeSaaS) can often be a better business model for the provider than 'pure play' SaaS; this article, which I posted on a NWT (Newmark Security) thread last year explains why:-

"Hardware Enabled SaaS : Next generation of SaaS companies
Kumar Sparsh · Follow
Published in Unicornindia · 3 min read · Sep 23, 2019
... This is why we believe that Hardware enabled SaaS (HeSaaS), a model where hardware is an integral part of the SaaS offering, can be a logical evolution of the pure play SaaS model for many industries and use cases. HeSaaS manages to circumvent or minimize many challenges faced by SaaS startups. The hardware element acts as an anchor, helping in reducing customer churn by reducing the possibility of customers migrating away to a marginally cheaper or marginally better SaaS. HeSaaS startups doing outright hardware sales are further able to magnify the Lock In Effect. Talent to work on specialized hardware design is also tougher to find, which along with defensible IPs makes it tougher to directly copy the product and greatly reduces commodification risk. HeSaaS model also opens up new or untapped niche markets that couldn’t have been effectively served by a SaaS only model. Hence there has been a lot of interest in this space in recent years. ..."


"Newmark Security in 2023: A Transformed Tech & USA Success Story"
Hedgehog 100 5 Mar '24 - 10:01 - 413 of 959 Edit 0 0 0

[picaroon] 02/4/2025 08:18:57

Another major customer loss for TIDE https://grocerytrader.co.uk/yoobic-selected-by-morrisons-to-transform-frontline-operations-across-uk-stores/

[bmcollins] 21/3/2025 14:38:25

Given that our market cap is about £5mill currently I'd be intrigued to know what the "professional fees" were for this debacle, I bet as a % of our market cap it would be a shocker...

[red army] 19/3/2025 17:49:28

I only hope that Checkit are on the ball with AI as this is the biggest threat to their business.

[geraldus] 12/2/2025 07:24:06

Reading the RNS,there is a profit warning. for 2025/26.They said their target market was almost limitless,must have meant limited.

[bozzy_s] 11/2/2025 14:59:15

Huh? The board have accepted an all-share offer, at a discount to the current price? Something absolutely stinks here. The 80% need to make the effort to vote.

What sort of board accepts a takeover at a discount, paid with paper instead of cash? Either complete utter morons, or deliberately giving favours to the bidding party?

* I have no knowledge of either business. Just an extremely strange situation, and apparent sell-out by this board.

[geraldus] 11/2/2025 14:47:30

So,Checkit have it for half their original offer.What a sad state of affairs,nothing but hot air.

[my retirement fund] 11/2/2025 12:27:05

They are probably accepting this deal because they know full well their company is worthless and the product and services it offers are of no use to anyone!

[bmcollins] 11/2/2025 12:20:47

Having now looked at Ceckit I can see why they refused a deal with them last year
What on earth has made them accept and recommend these terms today, something we're unaware of I wonder?

[gb904150] 11/2/2025 11:07:13

Barrie Whipp has about 10% and the board have given irrevocable undertakings for about 23% so I'd say they are well on their way.

Staggering sell-out really but then the company has been pretty listless for a few years now. Struggled with sales/growth.

[bmcollins] 11/2/2025 10:07:22

Interestingly though I seem to recall that the BoD don't have much skin in the game so perhaps the PI vote might be a problem for CKT.
They also get our cash as well, and the business for almost free !

[gb904150] 11/2/2025 09:54:55

6 x CKT shares?! What an absolute p*ss take.

CKT are the ones wanting to acquire....where's the premium?!

Who would agree to such a rubbish deal? The BOD it seems!

CKT seem to have a history of losses. They need this more than TIDE do!

Bizarre....

[bmcollins] 11/2/2025 09:01:02

Well we got the update as promised, but not at all a generous offer, imho.

[bmcollins] 31/1/2025 16:24:51

Just received a reply, we shoulg get an update in the next couple of weeks, been delayed by board changes etc.

[bmcollins] 31/1/2025 10:44:17

@chill
I wondered why the lack of news and asked on Monday when the new T/U was due through the investors portal on their website.
Needless to say no answer yet !
I will chase but if it takes them this long to answer a simple shareholders question either they are sooo busy taking orders or they are asleep at the wheel.
I suspect the later is more likely.

[chillpill] 31/1/2025 08:28:12

Been quiet for a long time. Don’t seem to be expanding in the way they expected.

What is the problem?

Management?
Poor product?
Technological change? AI etc?

[sharesoc] 06/1/2025 09:28:28

You can watch the recorded webinar now on YouTube:

[rossco] 13/12/2024 22:14:29

Nice to see a small price rise.

[sharesoc] 28/10/2024 09:17:54

On December 12th, ShareSoc and InvestorHub are hosting a Discovery Company Webinar featuring Crimson Tide plc (TIDE) and Fusion Antibodies (FAB). Both companies will discuss their growth strategies, current proceedings, and future plans. Phil Meyers, CEO of Crimson Tide plc, as well as Dr Adrian Kinkaid, CEO of Fusion Antibodies, will present.

Find out more and register here:

[bmcollins] 08/10/2024 11:12:52

Sorry but I was sent an email by TIDE asking me if I wanted to register.
It took me some time to register on their investor site, it is not very user friendly, I hope their commercial products are better !

[gb904150] 07/10/2024 17:10:53

do you have a link for that bm please? I find the investorhub website infuriating.

Not only does it share the same name as the ADVFN one you also can't seem to create an account on there and say you follow certain companies.

It's nowhere nearly as good as IMC from what I've seen.

[bmcollins] 07/10/2024 14:01:27

A webinar on 16 October on their investors hub site.
They are currently requesting questions for the CEO.
"When will the share price rise" might be a starter question...

[geraldus] 26/9/2024 19:45:38

The figures and the downgrades were disappointing.With Baz gone and some possible bid interest,it does have some appeal.