Surface Transforms Share Discussion Threads

[premium beeks] 22/4/2024 08:20

For every seller there is a buyer, and the MM won't have taken them on.

[bagpuss67] 22/4/2024 08:20

Best hope is I think that Liverpool will be accommodating and allow new security which will permit another funding line (liksly ID) and this will allow a book build to obtain 5p or better.

[premium beeks] 22/4/2024 08:18

I'm getting offered 3.06p, so what's with the exasperation posts?

[bones698] 22/4/2024 08:13

Nope I just don't see any possible good way out of the current situation for sce. I hope I get surprised and they come up with something unexpected but everything is pointing to shareholders losing out here and a business that hasn't been kept on top of by the management. Good luck Matt.

[bagpuss67] 22/4/2024 08:08

Blimey 450k at 3p. Still desperate to get out. Not looking good at all.

[bones698] 21/4/2024 16:35

Bones I have actually been outside in the jacuzzi here and doing some gardening etc. Nice chilled day tbh and I'd rather be out than in here this next few weeks. Your brave taking a punt even at these levels with this management team still mostly in place.

The fact you can only seem to sell with negotiated trades even on small volumes is worrying and a sign they know worse is coming imo.

Now time for some steak on the bbq lovely weather here today

[amt] 21/4/2024 14:02

Amanita the founders will have lost an absolute fortune on paper

[bones] 21/4/2024 13:56

Don’t you two have a weekend to enjoy? lol.

[amanitaangelicus] 21/4/2024 13:26

Ps a punt now is okay, as long as it s just a small part of a reasonable portfolio. I fear many were all in here ...what they once had, has now long gone sadly. Lead up the garden path by the lovely , zero management skiils founders

[bagpuss67] 21/4/2024 10:13

Yes. Its often blatent.

What are the odds that the top shareholders here plus one two PIs who have previously participated in fund raises and have disappeared off this forum are inside.

I'm not saying that any of these potentially inside shareholders have sold when insiders. We dont know that. But what we do know that there has been relentless selling even at option prices. Some is Hale Hargreaves but not all of it. It feels like it's being sold down to the placing price but again we don't know.

An investigation into this would be pretty straightforward as the volume is not huge. I know the odds of that happening are low though.

[amt] 21/4/2024 10:05

This type of activity needs to be stopped but I don't know how. Perhaps when Companies are in the process of raising funds then shares should be suspended. Sounds a bit harsh but it is blindingly obvious that on the AIM market there are people in the know about funding before it is announced.

[bagpuss67] 21/4/2024 09:35

But certain insider shareholders maybe want to take this opportunity to grab a huge chunk of SCE just as it's poised to lift off. Clearly the board is being strongly influenced as they just issued a price crashing RNS at certain shareholders behest

[amt] 21/4/2024 09:26

Let's hope so.

[bagpuss67] 21/4/2024 09:26

Also UK Innovate (as Bones said)

There is also UK Export Finance including their export working capital scheme as well as UKEF backed funding facilities.

[bagpuss67] 21/4/2024 09:21

At that £20m LTM run rate they may have trade debts of say £1.7m and could perhaps borrow £1.5m on an ID line. This would require a carve out and intercreditor with Liverpool. But maybe given their role they may agree to this. If they can negotiate this it could cut the required raise accordingly.

They have until the end of June to file their accounts so could perhaps announce such a facility and improved manufacturing in May and then launch a book build that might achieve a raise at 5p not 3p

[che7win] 21/4/2024 09:08

If I were a customer, think I would be nervous that SCE can deliver. At the very least, I would be talking to alternative suppliers. Think they might lose orders from this fiasco.No one will give them more orders without having alternative supply as a contingency.Very damaging that they have not sorted these issues quickly, whatever the reasons.

[amt] 20/4/2024 11:48

Tom 20m per annum would be about break even if they operate efficiently with 60% margin.

[tomtrudgian] 20/4/2024 10:42

Very impressed by the high level of posts here by amt and others. I have only been a shareholder for a fortnight, stubbornly buying ever downwards like a lemming. Bit scared now, but still buying obstinately.

The 2022 and 2023 optimistic trading updates were misleading. However surely after three RNS’s reiterating FY24 sales at £23m, the NOMAD would simply not have allowed the current estimate (£17.5m to £22m) to be issued if grossly inaccurate. Frankly for their own reputation if nothing else. That’s a major part of their job.

Furthermore the RNS stated both that this was a ‘worst scenario’ estimate and that they expected the sales to be at the ‘higher end’ of the range.

In any event if the FY24 sales turn out to be over £20m, is this not a superb profitable result?

Enthusiastic academic inventors may well not have the qualities a CEO needs, and should probably move to COO, but not lost to the company.

Shareholders may well be severely diluted in a rights or other issue, but may be absolutely delighted when the FY24 audited results are out.
OK guys, what am I missing?

[bagpuss67] 20/4/2024 10:41

Tom. Turnover is vanity and profit is sanity. And cash flow is king.

[bagpuss67] 20/4/2024 10:37

That's all fine as long as the HNWs and IIs don't breach insider trading rules. We know that some sharehoders are brought inside about a placing and then sell their shares to use as funding for the placing at a much lower price.

It you were in on such a situation the lower the strike price of fund raising may be better for you. And an RNS that crashes the share price might conceivably be in your interests.

Its all about information. Even if you were inside and got a good sense there would be a successful raise/ manufacturing was on the up and insolvency unlikely you could also sell a big chunk and buy in the market at a much lower price.

I know the FCA are weak/ineffectual but I will certainly report this if there is any sign this has occurred here

[tomtrudgian] 20/4/2024 10:37

Very impressed by the high level of posts here by amt and others. I have only been a shareholder for a fortnight, stubbornly buying ever downwards like a lemming. Bit scared now, but still buying obstinately.

The 2022 and 2023 optimistic trading updates were misleading. However surely after three RNS’s reiterating FY24 sales at £23m, the NOMAD would simply not have allowed the current estimate (£17.5m to £22m) to be issued if grossly inaccurate. Frankly for their own reputation if nothing else. That’s a major part of their job.

Furthermore the RNS stated both that this was a ‘worst scenario’ estimate and that they expected the sales to be at the ‘higher end’ of the range.

In any event if the FY24 sales turn out to be over £20m, is this not a superb profitable result?

Enthusiastic academic inventors may well not have the qualities a CEO needs, and should probably move to COO, but not lost to the company.

Shareholders may well be severely diluted in a rights or other issue, but may be absolutely delighted when the FY24 audited results are out.
OK guys, what am I missing?

[premium beeks] 20/4/2024 10:28

Yeah, just turn up and wander around. "'scuse me mate, wotcha doing wi' that machine there like?"I swear tertiary shareholders are the most demanding of all shareholders. Buying on the secondary market, they are transient and can sell on a whim, yet demand of directors like some kind of controlling partner. Meanwhile the company got and continues to get sweet FA from them.Just a reminder that Directors do not give a toss about us, and rightly so...they care about hnw and IIs who they can use for what the markets are intended, to find expansion.

[casholaa] 20/4/2024 10:06

Anybody live in or visiting Liverpool could you please roll up there and find out in plain direct English what is happening and not happening and kindly tells us please