Bosh, there he goes again trying to discredit any opinion that is not in alignment with his own. Rather than engaging in debate on some of my points he just bangs on about his usual multi-Id, scrips and must be working for someone sinister. Never once does our self appointed warden think someone else can have an alternate view.
Discredit me? I think you have brought that all on yourself flower.
Fair enough and I would agree with most of that other than "Director Salaries". They have to be earned as in any job... but doing what? Perhaps we are funding the Oceanic typhoon of RNS's that keep coming out. Or perhaps not so £100 for his salary would be fair then.
"something to smile about before next AGM" - Could that be, we have been had yet again?
Puk, as I said, my spare cash is tied up in RRL, need I say more?! It's quite possible that many are topping up and I'm going to spend the weekend looking inside the sofa if these drop much more.
As to the £250k, someone made a stab at the breakdown recently but I can't remember who or when. The main costs are maintenance of the IP, payment for the Nomad, Aim fees,Director salaries and sundries etc. £250k doesn't go far these days.
Firstly, colbabalt - Nope, can't argue with anything in your post.
But I ask all members of the happy gang, if the future is so rosey and things are progressing so well, Why are you not buying like spartactus and the at these rediculous prices?
The fact is, your not sure.... you wouldn't buy today because it could go down tomorrow. Is it likely to go up? There is nothing whatsoever to suggest an imminent increase in SP.
So you can all sit down singing ring a ring of roses all day thinking everything is sorted but when you first bought into PXS did you think that you would be in this situation where the SP is where it is, a deal was done with DSM that you can know nothing about, all R&D closed, all hopes now rest with FF, Company is a shell (£250k pa spend on what?) CEO quits to play with his bikes and your left with the guy that never stops talking - Dawson...
I think no income before 2016 is a fair assumption. Having a few hundred grand in the bank in no way justifies the current £11m market cap. And the fact they already a further funding in place tells me its very likely they will need further funding. More funding on top of the millions they have already had. One thing they have been good at is raising money. Spending it wisely however has not been such a strong point. Read back to the rns saying as recently as 3 years ago that they were expecting commercialisation from the pipeline in the near future. Where has the pipeline gone? £250k cashburn is quite high when your income is zero. The products are generally niche products and with the volume you need to make a decent return the products need to be much bigger than the current ones. SIS seem to be doing ok sales wise but ff is only in the odd product. DSM have hundreds of products and i havent seen anything that makes me think ff is of particular importance.Its bleak in my opinion but you are free to think differently.
Jas, I'm interested to know why you think the future is so bleak for Provexis?
I don't want to sound like an endlessly repeating loop but there is sufficient cash until early 2016 assuming no income. In the event that no income has found its way to Provexis by then, there is a £10m EFF as a backup.
We know that Provexis is a shell costing circa £250k to run so cash burn is minimal.To the best of our knowledge and as confirmed in the pre-close, we are not expecting any unwelcome surprises. We also know that there are about 30 products being sold and that the original source of Fruitflow, SIRCO is expanding its availability. We also know that SiS products are selling well which will impact on us eventually.We also know that DSM seems to regard FF as a very important addition to their range and have invested between £1m and £10m (we'll never know exactly how much) in the scaling up for widespread use.
It would be naive of me to defend the current SP which is terrible but today on ADVFN, I see £12k in trades. I don't see £12m in sells.
One major deal or a sniff of income is what's needed and I think a lot of people are just waiting for a clue.
How simple does it need to be stated. Delay. The Fruitflow gestation period was longer than anticipated, so the launch was delayed. Because the launch was delayed, the reward stage was delayed. Whose fault? No one, it is business, delays happen. Really is that simple.
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