DYOR - - - - - - - - - Biom Technologies mid-July 2010 AIM
This is the new resting place for Stanelco, the wonder producer of starch-based food-trays...only they didn't catch on.Over the last 10 years to 2010 the 0.1p shares traded abour 2.5p then shot up to 24p during 2005 with promise of Tray-Trials I understand. Within a year or so, they fell to new depths and finished at 0.2p Of course they were full-list then and some were held in ISA's hoping there would be a big profit...only now these are distressed sales as the Company slunk off to AIM, presumably "...to provide better shareholder-value"
Perhaps someone closer to the Co. can explain why the new name is Biome
....rhymes with Home. Often it is done to remove the previous sp-history.
Could it be..so new investors can bask in ignorance, etc. I'm not aware of any "change" in fortune for SEO, rather the reverse.
In my limited experience, the longer the name of a company the longer you have to wait for any return...Huh . . . . . .
. SEO had been a terrible investment.
DYOR.
Can Biome be any worse...?
EDIT ( 24April2017)- "just woken up" -me not BIOME - sp is 154, but I note about June 2013 there was what looks like a CONsolidation . . do I recall many LT investors were sold-short?... as I believe the (new share) numbers were terrible! . . . Anyone?

Looks like my biome has got flushed out of the Halifax Sharedealing Portfolio £2,106.51 seems to have disappeared today I couldn't have had enough shares for the consolidation mmmmm!!!!! Or perhaps they are still working on it, I am at a loss more ways than one.

3m, they exchanged every 430,000 Existing Ordinary Shares that you held for one Consolidated Ordinary Share.
Immediately following the Consolidation, each Consolidated Ordinary Share was sub-divided into 177 New Ordinary Shares and 177 Deferred Shares.

Anything less than 430,000 shares were wiped out.

Shady dealings but what else would you expect with this lot!

Here's what I did with mine - it will save any future heartache!

Re my post 433 that was the way I read it and thought about buying more but was confused with the amount I had and someone thought I had more and what with my health I haven't bothered since - oh! well it is definitely down the pan for me then. What a sodding con job it has been. I actually rang the company 3 times before my heart attack and kept getting told the person I needed to speak to was on holiday and then twice got told the person I need is at a meeting and someone would ring me back alas that did not happen.

You had the right idea Skinny!

3M, sorry that you've had problems and lost cash on this pile of poo as well. I hope you can put it all behind you now and look to the future with more hope than BIOM shareholders!

It is a pity that, whilst Stanelco had some good ideas, they quite obviously did no research whatsoever on the prospect of their ideas coming to full fruition; they just went ahead and spent millions manufacturing stuff that turned out to have no commercial value. Shame.

Down 20% shame I can't short it, could get rich on the demise

Should you perhaps change your name to Longie?! ;o)

All my current bets are long at the moment, would be nice to find something worth shorting.

Blah Blah blah Blah...... Interim Management Statement


"The Board is pleased to confirm that the Court approved the proposed capital reduction on 17 July 2013. This decision will allow us to complete the process, which the Board believes will provide a clearer view of the Company's financial position and rationalise the unusually large shareholder base of the Company."


Nothing to do with the fact the just kept issuing squillions and squillions of shares etc!!

And the reason why they have issued so many shares diluting us shareholders and company owners out of our investments is of course because the company is a LOSS making business with no credible board, strategy or product!!

'We continue to make progress with the strategy to commercialise and develop wholly owned intellectual property and our performance remains in line with the Board's expectations.'

Wouldn't it be nice if the Board were to actully outline its strategy, expectations and a timeline of when it expects to deliver rather than spouting the same old crap on every update.

Shortie - more chance of striking a match on a rice pudding!

Skinny - Thats probally inline with the Boards expectations.

'The second project required significant technical support in the second quarter to ensure optimisation of our customer's manufacturing performance in the USA. This project is now passing into the manufacturing phase and shipments of substantially increased tonnages for the second half are in prospect.'

This is talking about the single use coffee capsules which have been under development for the last I don't know how many years. Lets get real here, its a cup of coffee thats the end process and shouldn't be rocket science to make. Is it no wonder that they fail to commercialise products when they over complicate whats required.

I've always said this will be 50p by Christmas, looks like I might be right at last!

50p before Christmas Kim, 5p by Christmas I think if its not delisted before hand.

This company has been JUNK for many years . . . and the sp manipulation says it all.
Directors are standing for re-election next AGM - sack the lot of them, to be replaced by meercats - at least we'd enjoy their antics . . . OR . . . has this already happened? maybe but without the video-feed, eh.
+ Stranger things . . .

Wiped-out? . . . who cares?:- Junk before, junk after.
...Rearranging the deck-chairs will make no difference....

Purchase of Shares following Consolidation

Further to the Circular sent to Shareholders on 23 May 2013, the Company has now purchased 102,483 New Ordinary Shares of 5p at 85.9p from those Shareholders who held less than 430,000 Existing Ordinary Shares on the Record date, being 15 July 2013. The proceeds of this purchase (net of costs) will be sent to those Shareholders as soon as practicable.

The majority of the New Ordinary Shares bought back will be cancelled. A small number will be held in treasury to satisfy imminent requirements to issue shares. As a result, following the above purchase and cancellation, the Company will have 2,339,794 New Ordinary Shares in Issue, of which 14,545 New Ordinary Shares will be held in treasury. The total number of New Ordinary Shares in issue (excluding shares held as treasury shares) is therefore 2,325,249 (the total number of voting rights in the Company). This figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Biome under the FCA's Disclosure and Transparency Rules

Capitalised terms, unless otherwise defined in this announcement, have the meaning given to them in the Circular.

The proceeds of this purchase (net of costs) will be sent to those Shareholders as soon as practicable.

Any guess what percentage of the gross value the costs will be.

Knowing Biome a big slice will be taken off.

p & p will wipe out any proceeds anyway for those on less than 430,000 shares

how much is a pound of flesh worth these days?

A load of shite! ! Not you reckon this is going to be good.