So, who was surprised? The trades of the last few days have been shouting something, and that was MM's busy preparing the ground for what they knew was happening. The amount involved doesnt add up to a whole hill of beans as a pecentage of the total shares in issue. What I found different this time was the statement by DB of where we are at, a strong affirmation of progress, and a reiteration of the phrase "profit distribution".
the EFF was there, and it was used, I have no issues with that. As for using it when they have said they had funds, well that has been done before, so, as I said, who is surprised? Get over it, business is business. IMHO
In defence of PXS - and I don't say that lightly! - when they say they are fully funded it could have taken into account the fact that they will be drawing down on available funds. I read it that way...
"Further, as manufacturing volume increases unit costs will decrease, enabling more positive margins and thus profit distributions to the Company." At the current margins this tells us that provexis wont get any profit distribution. They need larger volumes (who knows how much larger) to get even a penny. What is going on. The agreement between moon and DSM is getting more laughable by the minute. I wonder how DSM charge for producing ff. Do pxs monitor the costs they put towards its production? And why have a £45k drawdown if income was likely before 2016? This tells us its mid 2016 at the earliest and i think many will start to wonder if pxs will ever make anything from ff.
For once I have to disagree with you. To state that the company is fully funded especially when an RNS is issued would be and should be taken by shareholders to be fact! To then draw down 'post fact'/rns. is not on! It not only breeds discontent. It is naughty to mislead. And that is what I believe has just happened. Gla
This does prove one thing. They don't quite know what they are doing. Is maintaining there ip a shock for them? When they used the eff in sept they got better share holder value than they have today. So to do this shows they are not very bright or they really don't care about the shareholder. But that said I will make more profit on my short position so that's that.
what does fully funded mean to 2016 to me it means they have funds till 2016 when you do your calculations to you take everything into account .or are you trying to tell me they did not know they had to fund these trade marks before hand.Hardy bears well does it
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