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Provexis Share Chat (PXS)



Share Price: 0.285Bid: 0.27Ask: 0.30Change: 0.00 (0.00%)No Movement on Provexis
Spread: 0.03Spread as %: 11.11%Open: 0.285High: 0.285Low: 0.285Yesterday’s Close: 0.285


Share Discussion for Provexis


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kievsky
Posts: 264
Observation
Opinion:No Opinion
Price:0.285
AGM
Today 00:29
Wellsite. Are you coming to the AGM. Train tickets are £27.50 return.
 
kievsky
Posts: 264
Answer
Opinion:No Opinion
Price:0.285
AGM
Today 00:26
Archway for me. Great school. Was the best for sport in the late seventhys
BoringBernie
Posts: 1,208
Observation
Opinion:No Opinion
Price:0.285
RE: Sells
Thu 22:38
Oh Alf

Let Mutters have his say, the company have already told us they need to raise cash ffs !

For the half year ending Sept 2015, we burned ~200k of cash, or about 35k / month

For the half year ending March 2016, we burned ~160k of cash, or about 25k /month

For April and May, we burned 77k, or 38k / month

Assuming the latter didn't include a payment from DSM it's reasonable to assume that we'd have been accruing for expected payments, but, with the best well in the world, we can't really expect to be doing much better than burning 20 to 25k / month, plus whatever upfront costs are associated with Fruitflow+, which hopefully will be minimal.

It's not far off the end of July, so, if we assume we've had ~25k from DSM for the quarter ending June then we're likely to be something like :-

113k ( cash in bank at end of May )
Less ~40 to 50k for two months cash burn at 20 to 25k/month
Plus ~25k for revenue from DSM

giving something between 85 and 100k as I type, probably less because we'll probably have a "Cost of Goods" line in the accounts associated with stock levels which is likely to take a while to turn into an operating profit on FF+

We plainly need funding in the order of 200 to 300k to get the accounts signed off as a going concern. The 185k in the RNS dated 29th June might be enough to persuade the auditors, but it must be a pretty close thing and the fact that it hasn't been done yet makes me think more than 185k will be needed.

Mutters is being a bit playful when he talks about sells, but it's by no means impossible that the MM's are holding this above .24p to make sure that it gets away at that price.

BB
wellsite
Posts: 23
Off Topic
Opinion:No Opinion
Price:0.285
RE: AGM
Thu 21:47
Kievsky

Stroud, I'm an old Marlingtonian, you aswell ?

W$
alfista
Posts: 13,637
Off Topic
Opinion:No Opinion
Price:0.285
View Thread (2)
RE: Sells
Thu 17:09
I see, so you know what the cash inflows have been then?
jasonbourne1
Posts: 358
Off Topic
Opinion:No Opinion
Price:0.29
Sells
Thu 16:21
They are certainly pushing this to the edge as far as cash goes! My prediction is a fundraising is to happen over the next month or so (its got to happen or else!) expect some fairly large (million plus) sells just before it gets announced. Be interesting what the final price is agreed at.
joe64
Posts: 11
Premium Chat Member
Observation
Opinion:No Opinion
Price:0.29
Orders
Wed 16:56
joe64
Posts: 11
Premium Chat Member
Observation
Opinion:No Opinion
Price:0.29
orders
Wed 16:54
Ordered on Tuesday delivered today
kievsky
Posts: 264
Off Topic
Opinion:No Opinion
Price:0.29
AGM
Wed 09:32
Will do
Gostoso
Posts: 560
Off Topic
Opinion:No Opinion
Price:0.29
Kiev
Wed 09:27
Great
Will see u on the 30/9
Closer to the time pls post venue to meet.
ATB




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