Saietta Share Discussion Threads

[dave2608] 23/2/2024 14:56

Tony Gott,

Give us one last interview mate. For old times sake.

[the codger] 23/2/2024 14:44

This will mark up sharply monday

[dave2608] 23/2/2024 14:40

How easy is it to find a buyer within a week?

[dave2608] 23/2/2024 14:35

Looks done.

[the codger] 23/2/2024 14:34

Definite value here

[the codger] 23/2/2024 14:31

Looks overdone

[dave2608] 23/2/2024 14:23

This must be fake news. Sietta is in an exciting phase. David Woolley told the market so on 29th December 2023.

[geraldus] 23/2/2024 14:14

Looks like another case of clueless management.No wonder AIM is in dire straits.

[chester9] 23/2/2024 14:14

23 February 2024 Saietta Group Plc("Saietta", the "Company" or the "Group") STRATEGIC REVIEW, FORMAL SALE PROCESSAND COMMENCEMENT OF OFFER PERIOD Further to the commercial update announced on 13 February 2024, the board of Directors (the "Board") has decided to conduct a formal review of the strategic options available to the Company (the "Strategic Review"). Whilst the Company's cashflow model shows positive cash balances to the end of March, the Company's Directors are becoming increasingly aware that certain contracted cash receipts may be withheld, therefore bringing forward the date, absent any further funding, on which the Company can no longer solvently trade. The Board continues to believe in the quality of Saietta's products and the compelling market opportunity and accordingly remains hopeful that a solvent solution for the Company can be found. The Company will continue to look at all financing and other strategic options available and has a number of discussions ongoing. Should the Company not have made material progress with its formal sale process or with any other financing initiatives by the end of next week, the Company may need to commence planning for an administration. A further announcement will be made in due course.

[zen12] 23/2/2024 14:07

Where's RNS?

[pauliewonder] 23/2/2024 13:55

Got this one wrong. Got out a couple of months or so ago having lost my shirt at about 19p I think. Sad for holders but hopefully the formal sale process will result in a large premium to todays share price for those still invested

[chester9] 23/2/2024 13:49

They are putting themselves up for sale

[dave2608] 16/2/2024 09:20

"Nah - Gott will take it down and do a pre pack. Why waste his money now when he will get a better ROI when he has brought the company dowen"

I think you've probably hit the nail on the head Paul. What a piece of work. If this pans out then shareholders well and truly shafted and how does it make Vox look?

[swiss paul] 15/2/2024 21:52

Nah - Gott will take it down and do a pre pack. Why waste his money now when he will get a better ROI when he has brought the company dowen

[pugugly] 15/2/2024 21:19

Market cap £10M -
Is the IP worth more than this?
If so likely take over - If not possibly visit to Carey Street of old. (all imo)

[owenski] 15/2/2024 10:28

To make any money, SED needs very high production output, I very much doubt if they'll be profitable on the current projected unit numbers, they'll need a lot more production lines and not selling them off to raise a poxy 600k. They lack funds to cover the wage bill let alone capital expansion, reckon it's entirely possible SED wont exist as a manufacturer at some point in the future.

Anyways, massive dilution coming.

[owenski] 14/2/2024 13:12

At these share price levels, T.Gott's miniscule shareholding is worth £1500.

If they have belief in their company, you would expect them to put their hands in their pockets at these 'bargain' levels would you not.

[pugugly] 14/2/2024 06:39

swiss paul - Can also happen with FTSE 100's See Lex today re BARC. Vencat needs to remove diget. Down over 60% from year 2000. Have not calculated inflation adjusted but need to discount a lot more

"The pound had an average inflation rate of 3.16% per year between 2000 and today, producing a cumulative price increase of 110.95%. This means that today's prices are 2.11 times as high as average prices since 2000, according to the Office for National Statistics composite price index."

[swiss paul] 13/2/2024 20:11

Aye - I have also getting / being burnt on SCE at the moment.

management failing to deliver - now where have I heard that before?

[pugugly] 13/2/2024 12:04

Swiss P - Agreed - Need to add another sector to Electric motors and controls. Biotech - especially start-ups. Possibly less than 1 in say 50 will hit bonanza territory.

[swiss paul] 13/2/2024 11:24

It used to be dont invest in a mine - its deeper than your pockets and will just slurp up your cash.

I thnk Mines have found competition

[coscos] 13/2/2024 11:20

They'll be selling the bog roll next.
A disaster of a company and a disaster of an investment personally. That's what you get for listening to TG and all his lies, lies and more damn lies.