Eden Research Takeover Rumours (EDEN)

Sept 23 24 I bought a starter position in this a few weeks ago using some of the proceeds of the PHC takeover. I would have preferred a stronger cash position which will be impacted by full year expenses of the three very sensible hires. I note the increase in Taxation as a current asset and hope this means that the £434k R&D received in H2 2023 will be higher this year. My reading of the Cavendish forecast is that they see a reduced H2 2024 cash burn of £1.2m. I need to work out why trade receivables and payables are so high compared to the levels of activity of the business. Fingers crossed that Cavendish forecast for H2 sales of £3.1m is accurate

Commee la Harris Kamala Harris discussing government takeover of companies' patents: "I will snatch their patent, so that we [the American government] will take over. Yes we can do that! The question is: 'Do you have the will to do it'!? I have the will to do it." hTTps://x.com/i/status/1824612435375878439

Well that I don't understand unless it is due to the contract situation or simply management perception of a loss of control and fear of being seen to lack professionalism, perhaps? ComIng back to the contract situation is not the problem set in srone at source in the fact that to even get these products to work (practically tested), registered and into the public domain, they need a partner who will carry out field tests and such like to shoulder those costs. If eden had to do all of this alone at its own cost the company could not survive particularly as it is working against major market interests (i.e those same distributor partners). It may mean that eden's latent IP value will always exceed actual sales and a low ball(?) takeover bid will happen in future.

hxxps://www.futurefoodfinance.com/article/0302_fff-podcast-episode-18-when-david-went-to-eden Sean smith answering the question of whether Eden would be a potential takeover target. 34:48 to 35:15 Revenue > £5m per annum. Note: - 2023 Revenues of £3.2m - £5m = forecasted annual revenue to 31/12/2024