Surface Transforms Share Discussion Threads

[premium beeks] 17/4/2024 17:59

Some previous big holders with inside track also seem to have stopped posting, like have gone back inside.

[bagpuss67] 17/4/2024 17:54

Clearly they are engaged with some shareholders as they seem to have forced them to issue this update today which further crashed the shareprice. Maybe that's OK if you are new money or have sold a big chunk of your existing holding knowing whats coming and having got an inside track on the current situation on site

[bagpuss67] 17/4/2024 17:48

Talk on LSE from Truthfactory that there has been an investor visit. That would be outrageous if some existing shareholders have had that opportunity and not others. Bundred told me there would be no shareholder visits anytime soon. Also that he couldn't comment on manufacturing as it was inside information. Don't tell me that if there was a shareholder visit there was no discussion about the current state of the manufacturing process.

[junglist] 17/4/2024 17:33

Sure you’re correct PB, despite Superthingy suggesting otherwise .
Big problem is getting it away, which is what the share price has been telling all and sundry for days.

[premium beeks] 17/4/2024 17:26

Oh massively!

[supernumerary] 17/4/2024 17:18

Maybe, but it sounds like idle speculation to me.

[premium beeks] 17/4/2024 17:03

Raise at between 3 and 3.5p I reckon, judging by the share price action. Announced imminently.Priced will be vwap over a certain number of days.

[amanitaangelicus] 17/4/2024 17:00

SuperN ,Bones - 99% another raise is inbound, just not a Ben Dover Convi vatiety

[supernumerary] 17/4/2024 16:25

While I'm banging on about this stuff, I was rather surprised at the amount of money they've managed to burn through. Can somebody reassure me that they're not actually buying plant for cash, rather than say leasing it?

[bones] 17/4/2024 15:58

I agree they have to explore the loan/grant avenues. It’s about time someone in government bodies supported UK plc when there are jobs and large exports on the line. Must be possible.

[amanitaangelicus] 17/4/2024 15:37

Maybe they know any glory loan will be pished against the wall Supernum? Just gives em a few months more nice pay packet etc. I.d only give em some dosh once the muppet is replaced or sidelined. Fear the reaper.

[bones] 17/4/2024 15:36

It’s safe to say that the Liverpool council lenders will be eyeing this up with concern but are also probably close to what is being discussed.

As for a UK Innovate loan, I’m wondering if this company is too far down the innovation road to qualify. They’ve done the innovating but now comes the hard part, making it pay. Well, they are making it look hard!

[amanitaangelicus] 17/4/2024 15:31

Wor leader is just blagging it! He.s clueless. Ps clearly wants to get the share price down to as low as possible before another raise. ii.s clearly put him up to it. Gives ii.s a channy of good money if the muppet can turn this lump of lard around. Our resident experienced engineering experts have gone awol, probs sobbing into their afternoon kebabs and pint of lager. Frank Carson in da house - ' it.s a cracker'!

[supernumerary] 17/4/2024 15:27

These are the UKRI board and executive committee; surely somebody has a connection?


Board members
Current members of the board include:

Professor Sir Ian Boyd, Professor at the University of St Andrews
Dr John Fingleton, Chief Executive Officer, Fingleton
Professor Sir Anthony Finkelstein, President of City, University of London
Priya Guha, Venture Partner at Merian Ventures and BIC Chair
Professor Nola Hewitt-Dundas, Professor of Innovation Management and Policy and Pro Vice-Chancellor of the Faculty of Arts, Humanities and Social Sciences at Queen’s University Belfast
Professor Dame Ottoline Leyser, Chief Executive, UKRI
Sir Andrew Mackenzie, Chair of UKRI
Siobhan Peters, Chief Finance Officer, UKRI
Nigel Toon, Co-founder, Chair and CEO at Graphcore
Ruwan Weerasekera, Non-executive Director on the Board of UKRI and Chair of the Audit and Risk Assurance Committee



Committee members
Professor Dame Ottoline Leyser, Chief Executive, UKRI
Siobhan Peters, Chief Finance Officer, UKRI
Tim Bianek, Chief Operating Officer, UKRI
Emma Lindsell and Isobel Stephen, Executive Director of Strategy, Communications, Analysis & Governance, UKRI
Chris Ball, Chief People Officer
Christine Ashton, UKRI Chief Information Officer
Professor Christopher Smith, Executive Chair, Arts and Humanities Research Council
Professor Guy Poppy, Interim Executive Chair, Biotechnology and Biological Sciences Research Council
Stian Westlake, Executive Chair, Economic and Social Research Council
Professor Charlotte Deane, Executive Chair, Engineering and Physical Sciences Research Council
Indro Mukerjee, CEO, Innovate UK
Professor Patrick Chinnery, Executive Chair, Medical Research Council
Professor Louise Heathwaite Executive Chair, Natural Environment Research Council
Professor Dame Jessica Corner, Executive Chair, Research England
Professor Mark Thomson, Executive Chair, Science and Technology Facilities Council

[supernumerary] 17/4/2024 15:22

I'm still struggling to understand why they couldn't get an Innovate UK loan. If not a grant. The whole institution is purpose-made for such financing.

[yasx] 17/4/2024 15:20

What is the general consensus here re magnitude of funds required, with basis for same? I think Bones has set out his thesis but wondering what others assume.

[premium beeks] 17/4/2024 15:03

I don't get the 2p dilution guess, it could be anywhere above or below that.I'd say we are close to any placing price, but who knows with this saga eh!

[cyberbub] 17/4/2024 14:55

Essentially the company needs several more million quid before any recovery.So the options are:* Delist and seek private funding at a fairer price, ie. not the AIM spiv SP-crushing price. --- bad for all but the ballsiest shareholders willing to hold private shares* Allow it to fall into a pre-pack administration and the management steal the company at a pittance. --- bad for all shareholders* Raise equity at possibly 2p or less, causing great dilution --- bad for all shareholders, but if participating then there is still a 'possibility' of multibagging from 2p at least... shares from the 28p placing will take a long time to reach breakeven, if ever...* The existing creditors step in and take the company in a D4E --- bad for all shareholders* Take out a non-dilutive CLN, but this will be hard to achieve unless at extortionate interest... and the 'C' in CLN just means delayed dilution anyway, if the company does recover --- bad for all shareholdersThat's my view anyway, no advice intended

[bones698] 17/4/2024 14:45

Possibly but it's how they recover from here. My biggest concern is they look after themselves and their own jobs rather than investors now. They could do a dilutive raise or some form of funding that basically seals the fate for the share price especially if things don't improve drastically now or they could look to realise what value is left and hand it over to someone who can exploit the value. My guess is the former unfortunately although I expect sneller to have a big say in it.

Could also be another de listing seeking better capital away from these ridiculous markets although time is against that.

Just running through the possibilities here and seeing what makes most sense, not that the bod will do it ofc

[premium beeks] 17/4/2024 14:39

Highest volume ever.Blow off bottom? (Not in a beans and gassy way!)

[sce investor] 17/4/2024 14:12

Cavendish are withdrawing their previous forecast for FY24 and withdrawing their price target while they review the impact of the new guidance...(ie revenues in the range of £17.5-£22m)

[bones698] 17/4/2024 13:53

Bones lmao gl

I've got a few but will hold off now until I see the financing or what other option they go for. Its very risky now either way plus need to see if the ii has finished selling or just letting it bounce a bit before carrying on.