Alf, in response to your 09:51 where you pose the question "Why would anyone sell now". Are you joking? Really? .
Could it be that the SP has been in freefall for months and investors want to stop their losees? There has been nothing of substance from the company other than the usual 'progress is good- by the way we need a few more quid'. This is why the SP is where it is and why investors do not want to invest and yet you ask "why would anyone sell now"? You must be sitting on massive losses here, thats all I can conclude from your increasingly bizarre posts.
Redprince, I have to admit that I divested myself of SiS shares not long after the demerger but unfortunately not at the highest price although enough to make a decent profit. The SiS business is too complicated for me and in the early years of development. Yes, we've lost the revenue but we've also lost the inherent risk associated with it.
Taking the Provexis model as it now stands, it's pretty simple but unclear at the moment for reasons well debated. I think you will agree that as soon as we have some clarity about income and therefore profit, we will be away.
Looking at the fundamentals as they stand, I can't see much risk here but I don't like the news hiatus at the moment.We could do with a major deal.
But it's there in black and white, I wrote that I don't believe in tactical posting, how could you misunderstand that?
As for all the old chestnuts, that has been the case for four years, they informed us that the terms of the AA were confidential-though they have been independently scrutinised and judged fair to both parties-we have twice been given a projection by DB in updates when profits distribution is mentioned, though no specific date is confirmed.
So, for those who couldn't accept not knowing the details of the AA, and not being sure when cash will flow, surely the time to sell was THEN, not now. Why would anyone sell now, when we have just completed the first year of Fruitflow powder sales growth, when we have added a lot more new brands tjhroughout the year, eating in to the investment in mass production set up costs, when we have an increasing number of new products under development, when we are closer to the prize then ever before, and with overheads stripped right back to allow a move to profitability faster than previously, when we have split off SiS with it's ongoing need for investment in growth and infrastructure, when evidence is posted that existing products, even the old original Sirco, are experiencing strong sales momentum.
If you believe that the terms of the AA were a foolish step by management, presumably you sold and have no further interest in the company. Fair decision, but not one that I follow personally, so I don't accept your criticism. As I've written a few times of late, anyone who believed that there would be net revenues from Fruitflow in the first year following a massive investment in the future is commercially naïve, it was never going to happen. My own opinion is that sales acceleration will continue and breakeven passed later this year, but fully accept that I don't have figures to support that, but it is IMHO afir assumption based on what we do know. Each and every must make their own choice though, but it makes no sense to continue to be critical of decisions taken years ago. Don't agree? Move on, plenty of other shares to invest in, I am currently in too many, but it is a waste of time staying on a board where you don't hold and harping on about the past. it's all about the future IMHO
It's not malicious or trolling posts that are knocking great chunks from the SP it's the glaring lack of any income, a total lack of transparency as to the alliance agreement, no projected timeline to profitability (in fact no info about forecasts or future projections AT ALL) and a historically inactive and value destroying management team
I'm sure some of these horrible posters do have a short open and are probably doing very well out of it. But most negativity is actually people making an honest appraisal of a bad situation
It may be about to turn round. But how would we know from a BoD who foolishly handed over the keys to the family silver and legally gagged themselves at the same time! Genius management
But sure Alf, believe it's the nasty posts that are knocking the company value, and none of the above. "None so blind..." Etc, eh old chap
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