The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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My post was littered with typos. Hence the reason I am re-posting an edited version of it.
A fund raise would not be out of question at this point. It all comes down to how aggressively the company is looking at 1) scaling its size and distribution networks and 2) acquiring subscribers/users. In an ideal world, EVRH should have never listed on AIM. Instead, they should have relied primarily on venture capital to finance the growth of the business. Whenever you are tempted to shame the Management team for raising additional money, remind yourself of the following:
-Spotify raised $2.7B prior to listing its shares on NYSE
-Uber has raised a total of $24.2B
-Airbnb has raised a total of $4.4B
-Shopify has raised a total of $253.3M prior to listing its shares on NYSE
Guess what? Most of the companies above barely make any accounting profit. It goes to show that there is a hefty price to pay to grow a digital or any type of business. Having said that, there are ways to grow a company in a cost effective way.
A fund raise would not be out question at this point. It all comes down how aggressively the company is looking at scaling its size and distribution networks. In an ideal world, EVRH should have never listed on AIM. Instead, they should relied primarily on venture capital to finance the growth of the business. Whenever you are tempted to shame the Management team for raising money, remind yourself of the following:
-Spotify raised $2.7B prior to listing its shares on NYSE
-Uber has raised a total of $24.2B
-Airbnb has raised a total of $4.4B
- Shopify has raised a total of $253.3M prior to listing its shares on NYSE
Guest what, most of the companies above barely make any accounting profit. It goes to show that there is hefty price to pay to grow a digital or any type of business. Having said that, there are ways to grow a company in a cost effective way.
Fundraise? You are too funny. If the £20M they raised a few months ago was going to fund them for ‘at least two years’ then you’re either one of those deramping types, a comedian or you need to buy a calculator.
Sorry Themis, I took your fund raise comment as a negative.
Merger / Aquisition / future collaboration. Board been too quiet and hope some good news is coming.
Fund raise for what?
Certainly great to see EVRH up for a second day in a row, but as with many AIM companies, large daily rises, host of new account posters on chat board, then comes a fund raise. We shall see in coming weeks.
This has turned into a nice way of following Friday!
told you those 100k spoofing this is in play get set for news imo