In the light of Quantexa proudly announcing 2 days ago that it is now a "double-fantasy", why did Albion increase the value of the shares 2 months ago other than for purposes of its own management remuneration and the new prospectus?

https://www.quantexa.com/press/quantexa-reaches-centaur-status-surpassing-100-million-arr/

Shall we try running the new ARR numbers over time?

ARR for y/e 31 March                                Loss for the year     Cash at y/e

2019:    £5.6m                                                                               £11m

2020:    £12.8m        +128%                        (£14m)                      £7m

2021:    £19.8m        +55%                           (£9m)                      £17m

2022:    £33..9m        +71%                        (£27m)                      £88m

2023:    £54.8m        +62%                         (£55m)                      £31m

2024:    £80m            +45%                           ?                               ?


Given the £20m+ increase in "deferred income" on the balance sheet for 2023, unless the losses have been stemmed and given that the Series E cash receipts were only £80m (before expenses) in April 2024 do Albion investors need to worry about the suddenly increased valuation? 

Or do Albion know something we don't? They do have a man on the board, Ed Lascelles, but then he deliberately lied on the 2023 accounts (note 26) that the Series A transfers by the VCTs were at the £733.70 price he paid for Series E for his other funds. 

Perhaps all will be revealed at the 26th November AGM of Albion Crown VCT. (NB Quantexa have until end December to file accounts so they are unlikely to tell us in advance)


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