The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Ooops sorry - of course it's 10 million pounds they want - no chance then!
10 million at sub 1p = £100,000: absolute peanuts compared to what the directors and esp our misguided former CEO has had out of shareholders!
Well M700 Schroeders are in best position to insist on a significant directors take up of shares, so if the directors don't buy in then who will?
Certainly any director buy out after a fund raise should be illegal and prosecutions should follow.
well put SotRR ..... on the scale of risky to 'regard investment as sunk money' .. any investment now is on the sunk bit. Anyone putting money in now is just rolling the dice on a table.
That 10M will just disappear down the back pockets of directors as there is nothing that says they can/will deliver any more than they already have (ie not a lot).
The company is just too late, too small and has too little capital behind it to make a successful market penetration ... remember... the 10M is to cover until November. Even a sale today would not roll out until next year will planning, site prep, manufacture etc
Mikemine - a dose of reality here. There may not be much additional downside for investors who are already 90%+ down but someone buying today stands a very high chance that they will lose 100% of that investment unless they are just buying in hoping for a bounce to sell soon after. The company has said it needs 10m to continue and the results already say they are running at a 12m loss so that money will disappear quickly. That means a billion shares at 1p - or more likely 2 billion at 0.5p - what's the likelihood of that happening?
Rather than little downside it would seem there is a 90%+ chance at present that anyone buying and holding is going to lose the lot.
There seems little doubt that given it will be extremely difficult to raise the 10m the plan is to limp on to November, go into administration, pre-pack the assets and buy back for a song. Shareholders will lose everything.
15.5 mil main market, 2.6m secondary
Noticeably large buys so may be institutional .Now 14mil plus another 1.6m on secondary exch.
They can’t get funding at these levels so buying now will end up with buyers facing massive dilution. Better to wait until funding sorted then decide wether to buy imo.
2 camps here it seems, those that think RED has a future and those that don't. If you think RED will get the funding needed and has a future why wouldn't you buy at these very low levels. If you are right, and it really doesn't have to be a mega-future, then the multiples from these levels could be mouth watering. There doesn't seem to be much downside unless of course the others are right and RED has no future.
Unsurprisingly I am in the positive camp but not blind to the possibility of failure. RED has good technology and is definitely in the right sector. All we hear about atm is the need to cut fossil fuels and increase greatly renewables and energy storage is inevitably going to be necessarily a big part of that. Lithium is a big part of that right now but can't possibly supply it all, even for UK needs if its going to be carbon neutral, so vanadium will come in to it's own more and more, especially as the price of lithium begins to rise.
https://www.nhm.ac.uk/press-office/press-releases/leading-scientists-set-out-resource-challenge-of-meeting-net-zer.html
The trick for RED is to stay around long enough to fulfil its potential.
Not surprised at the buying after that knee jerk sell-off.
Something happening here now over 10m
9 mil so far today mostly buys
Some large buys continuing from yesterday
Major blow???
How many do you need?
Sorry for sounding irritable, I used to have great hopes for this technology. Still do, but not this company, and certainly not it's management
Don’t think they can raise money at these levels without consolidation. If done will be a major blow for current shareholders.
Re the pipeline - it's still strong, nothing in Germany has been realised. As far as I know the Anglian water systems havent turned up and then we have the flow systems going into the Oxford hub.
I'm guessing the £10mil is to pay the directors and get the companies production going again or ramp it up as I've not read anywhere they've increased their capacity.
Anyone with notes from the conference call would be most welcome to share.
Did anyone glean any positive news we can cling onto, from the conference call ?
PC
Shame it's not our RedT engines !
Still it all helps !
PC
did he cheat on you Bolgas
You used to love him, you wouldn't hear a bad word said against him a while ago
Scott mcgregor the con artist, if there is money to be made it will be lining his pockets not shareholders as history has shown, or the former chairman’s, can’t forget that scum bag.
Surprised the Schroders etc haven’t yet worked out how they’ve been stitched up, looks like the former CEO and chairman have got away with robbery, although Scott still claims to be ceo on twitter, maybe he’s making future sales for when she bags this company for £1.
10M to 'see us to cash generation' ... is that not what was said at the last two fund raises ?
It'd help justify any potential future for the business if they could be more certain about their pipeline and future profitability. Right now I expect my investment here to be completely wiped out as there's no significant order book to speak of.
There is only one way this will be a success, if the Directors buy into a placing. If they raise the 10m they need then that should be the bottom and the only way is up.
Vanadium prices are normalising, flow technology has been proven and is getting close to being cost effective in comparison.
If the above happens then I will buy in but otherwise this is in the hands of the MMs and they will be milking it for all it's worth!
I am glad I sold my shares a long time ago, I see/feel a serious element of despondency in today's statement/s.
Has anybody here signed up for the conference call?
Let’s hope Red have a plan when Finals announced tomorrow GLA !