Simigon Share Discussion Threads

[cockerhoop] 16/1/2022 17:34

Click on the Click Here text

[cockerhoop] 16/1/2022 11:39

Varies,

You can read the full merger agreement on the Simigon website.

[varies] 15/1/2022 19:09

Having printed out Friday's announcement and read it several times, I am still very confused about the "synergies" between PowerBreeze and SimiGon and the likely prospects for Maxify and, indeed, many other aspects of this transaction.
There is, however, to be a Special General Meeting for SIM shareholders on Feb 18 and we are urged to vote on the proposals. This must surely mean that we will be provided with further information soon.
Our directors have been extracting generous salaries and I will be interested to see if they propose to continue doing so after the merger.

[cockerhoop] 14/1/2022 20:36

I can't see how an industrial business with rev of $25m floats for $135m on Nasdaq.

[varies] 14/1/2022 20:29

I still cannot see why anyone should want to combine the Powerbreezer business with Simigon's.
SIM's expertise is in simulators and other training devices for Israeli and US air force pilots. Of what use is this in the manufacture of machines for the spraying of vapour under high pressure ?

[varies] 14/1/2022 16:05

I have gleaned a little information about Breezer Holdings LLP whose web-site is at www.powerbreezer.com
This is provided by Dun & Bradstreet. If one had a subscription to B&D, one might learn more.
The company was founded in 2010. It has 85 employees and its recent annual turnover came to about $25 million. It seems to make a fair number of products besides the air coolers.
Not surprisingly no details are provided of its balance sheet or P & L account.

[cockerhoop] 14/1/2022 13:32

Fascinating but surely this is smoke and mirrors. Shareholders aren't being offered any cash but shares in a newly formed privately listed Delaware based business.

Simigon worth $8.5m, Breezer $135m in the new company. No guarantee at all of the valuation if a Nasdaq listing occurs.

I'd certainly check the financials of Breezer!

[babbler] 14/1/2022 12:58

deal is for effectively 8m quid?

[rivaldo] 14/1/2022 12:49

Cripes :o))

A merger offer of $8.5m - 16.5c per share, i.e around 12p per share, all in shares in Maxify Inc. And this could be adjusted upwards to $11m - not sure how yet? 35% acceptances at prsent.

Then apparaently Maxify could IPO on NASDAQ, being "at a fairly advanced stage in its preparation of a registration statement for this purpose".

Hmmmm. Some thinking to do.

[dgwinterbottom] 06/10/2021 18:09

Perhaps if a few of us let the Senior Independent Director - British - know of our frustrations we could at least say we tried!

[varies] 06/10/2021 11:20

rivaldo
I agree with every word you write.
It is always tempting to buy into a company where cash at the bank is more or less equivalent to the market capitalisation and I must confess to have succombed to this temptation on many occasions over the years with generally disappointing results.
Year by year the cash disappears into the pockets of the directors.
I have a drawerful of similar investments and wait without much confidence for them to come right !

[rivaldo] 05/10/2021 13:53

Well, another impressive contract win today - a "U.S. Marine Corps Virtual Reality simulators contract".

A new customer, and an entirely new product too.

They "expect this Contract to help generate future new business not only with the USMC but also other similarly tasked Governmental organizations."

The m/cap here is now just £2.4m, for which the roll-call of blue chip and governmental customers is amazing.

If the CEO properly sorted out the company and settled the legal case (i.e amending his remuneration arrangements) I suspect the company would trade at some multiple of the current share price. But investors (including me) are unlikely to buy in size at this stage unless fully prepared for the risks.

[2shrek] 29/4/2021 03:44

Link to info: Court case looks real ???

[cockerhoop] 28/4/2021 09:05

Court case looks real!

[rivaldo] 31/3/2021 15:53

Given the pandemic and the H1 negativity I suppose this was "relatively" encouraging, with increased revenues and reduced losses in H2. Cash reduced quite heavily to $5m, but this seems to have been largely due to increased debtors collected after the period end.

The $5m cash pile is now well ahead of the £2.9m m/cap.

Will this company ever get its act together? The outlook statement is as bullish as ever, but we've heard it all before. Many times!

Now that Israel is likely to be the or one of the first countries out of lockdown after its incredibly successful vaccination programme (perhaps it already is - not been following closely?) - SIM should be in a position to benefit.

[wigwammer] 31/3/2021 07:49

Holy moly... this update actually sounds pretty encouraging.

[pass the dutchy] 18/3/2021 18:53

ANA will be the UK’s leading cannabis producer (200 TONS per year that’s worth £400m)


Share price 1.45p
Only £8m mkt cap


Fastest growing sector worldwide
Will have first mover advantage in UK
Same growers as GW Pharma (just got sold for £5b)
4 biggest shareholders hold over 50%
BOD own 30%
Massively undervalued
Near term multi bagger on license approval
Partners with leading prof , scientists etc
Primed for a RTO/ main listing (price driver)
Under the radar (most chased MXC,CBX)
Looking to bring a product to market
Off take agreement in place already
Will be producing 200 TONS per year (200,000 kilos)
Has the most land out of every UK cannabis co (40 hectares)
Fully funded for phase 1
UK medical cannabis growing 20% month
Only 584m shares in issue
Hardly any available in open market
Will apply for a commercial license too

[dgwinterbottom] 18/3/2021 18:05

I am sorely tempted to contact the Senior Independent Director and ask for his comments given the last few years of dismal performance and what he intends to do to improve the situation. perhaps he feels hampered by the fact that Amos Viser is Executive Chairman, President & CEO.

[belfry17] 18/3/2021 15:02

I too was hoping for the usual trading update but nothing yet. Results are next month, or should be, so we will see.

[rivaldo] 18/3/2021 14:48

Who's buying then - Gal Erez again?

We have absolutely no idea how H2'20 trading went, but I'd be surprised if it was anything other than pretty poor, so any buying is surely either a shot in the dark or something more.

[rivaldo] 22/12/2020 08:17

I was correct - Gal Erez did buy the 100,000 shares. In fact, he's bought another 450,000 shares, and now holds 2.075m, or just over 4%:



As I said before, as former Chairman of Light & Strong (he's not there now), he was heavily involved in an "Israeli telecoms UAV" company, so he certainly has relevant sector experience. It'll be interesting to see over time whether he has good reason for building this stake.

[yump] 16/12/2020 16:45

I just get bored seeing the same old tbh.

Well I was right getting out of this ages ago, but that's just one 'right', although there were a collection of red flags. Plenty of shares to go at without risking the red flag crowd.

Very difficult psychological business, admitting errors and successes on a public bb. Nobody knows whether anyone has really bought, sold or is working for a broker to promote shares.

Almost tempted to trade this for a bit of fun, but I don't trust them not to take it private suddenly.

[rivaldo] 16/12/2020 16:19

Oh no, not yump the grump again :o))

Apologies, couldn't resist it since you seem to like getting personal. I thought it was a very appropriate characterisation from whomever coined it for you (on the ORPH thread I seem to remember).

Yep, seriously. But hey, this time you might be right for a change, who knows.