No idea but if part of remuneration say at 1.2p they are pretty cheap unless they get a much better return than 1.2p, £18K.
1.5M shares. |
Do we know if they bought them? Or if that is all, or part of their fee? |
Interesting, GNEISS Energy are working on behalf of NTQ for the sale and are now a holder at 1.4%.
Good to have them on the register as they align well now to maximise return - if there is any. |
Unlikely. The wording was open honest and transparent. Risks were spelt out. |
If the sale is at less than the 5p raised last October then the Directors could be open to a claim against them (?) |
CEO bought 1.5M in the fund raise at 5p.
Both capital and foregone salary are on the line.
Big incentives to negotiate well if they don't sell out for future salary and job title. |
If the CEO wanted the equivalent of £100K p.a. from his shares (4,297,344) as salary for the past 3 years he would need 6.98p/share.
That's £10M give or take a little for IP valued at 80% higher than that at the bottom end.
Who might be interested? |
Management own 11.84%, some of which were bought and others taken in lieu of salaries, and at an average price well above the current.
11.84% = 12.35M shares approx. At 3p that would be a return of £371K approx.
Noise after so many years and stress. Perhaps they can claim some capital losses to use elsewhere.
They will be incentivised to maximise the return on the sale unless they are offered a golden-handshake to sell out which wouldn't be right but such things happen. |
I think it's cash more than tech. |
It just needs a bit of competition. If one company can be persuaded to bid then that's something, but if 2 companies want it then who knows where it might finish?
A lot will depend on how convincing the test results in the dataroom are in terms of the likely ultimate effectiveness of SABER. Is it largely the lack of financial strength of NTQ that has been holding it back or is there still material doubt over whether it will ever work properly and cost-effectively? |
 BELOW IS AN EXPERIMENT, NOT TO BE RELIED UPON.
Having followed ENTEQ for a while I took the liberty to put all details into a friendly AI - warts and all - including adding in delays to product release. I do think SABER will hit the market and make a difference. Put in low ball IP valuation. burn-rate, USPs etc etc. The kitchen sink. Not just good stuff.
Long story short, potential sales price per share even at the low end of the results it gave back, are above todays price.
Multiple scenarios. Worse case scenario was still very interesting.
Conclusion:
Current Value: $0.21–$0.42/share (pre-revenue and with risks factored in).
Post-Revenue Success: Potential to reach $0.26–$0.52/share with fleet utilization.
Strategic Acquisition: If the technology proves disruptive, larger firms (e.g., Halliburton) may acquire at a premium to secure the IP, potentially increasing valuation to $50–70M ($0.48–$0.67/share).
Risks: Testing delays, inability to penetrate the market, or further cash burn leading to equity dilution.
Sounds like BS but there was logic to the response it gave. |
Insurance can be bundled along with consultation.
A great shame it couldn't recharge the finish line under its own steam. |
When it is finally signed off the business model is very useful. Very cash generative rental with a fleet of returnable units that can fit in a flight case. Wouldn't even cost much to ship. Return, check it over, return to rental fleet. |
So why have FE splashed out?
SABER is a significant technology change in a huge market.
But if it does not work, and cannot be made to work then clearly there is no value. |
My guess is either no buyer, or a buyer who pays a token £1 or gives a few shares in itself to get it over the line. Right price here about 1p IMO but who knows? |
Always be wary EZ, everywhere, all the time. |
A few speculative buyers but "The Board remains positive that a solvent solution can be found" suggests to me that any "buyer" would pay precious little, if anything. Might be an over-gloomy take, but I'd be a bit wary here... |
Explains all the buying being done by FEL here upto 26%...possibly buying for one if their clients? |
Not a huge surprise considering recent events, but the equity movements in recent days add an interesting dynamic to the sale process, plus, as they are barely above their listing value, it should be an interesting few weeks. |
Sensible to investegate sale. IP does have value.
They wonylt have the world's best negotiating position until SABER has finally had an all OK and possible first sale- let's hope all comes together in test and order placed. |
Formal sale process provides a bit of excitement before they go. Interesting to see how the share price reacts this morning - does anyone believe they might achieve a decent outcome?
They're trying not to do a Thelma & Louise, so just have to hope they haven't left it too late before applying the brakes... |
First Equity Limited up to 26.6%.
Trigger a takeover then offer 2p for the rest?
There could be a decent return if they strip out the cash and sell the IP at a significant discount on book value. |
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