Have been a holder for over 4 years. Will continue to hold. I have been encouraged by the recent turns of events, although still wary as there has been much promised here that has not come to fruition. This, it must be said, is not the fault of the current BOD. I am optimistic that the new regime will turn this around.
Good research - although the Hardman research is from last May. I assume you are still interested in PIM despite some of your cautious sentiment on this BB? The research shows there are several potential game changers in there (Alathea for example) and points to break even in 2013.
20th Feb 2012, 10:17 am by Giles Gwinnett Shares in Plant Impact (LON:PIM) went up after it revealed changes in its agreement with Arysta over BugOil, an insect control product, which the company says will improve its cash outlook.
The geographic scope of Arysta LifeScience Corporation's exclusive licence of the product has been narrowed and the repayment date of a £750,000 development loan from Arysta which had been due on February 22 this year has now been extended to May 31 in 2013.
The firm said it believed the amendments "markedly" improved its financial position and cash flow outlook.
"The extension of the Arysta loan provides the company with additional time to achieve regulatory milestones as well as the ability - in the event regulatory milestones are not achieved - to repay the Arysta loan from internal cash generated from the growth in revenues of the company's nutritional product range," it said.
The original agreement in 2009 gave Arysta an exclusive worldwide licence to manufacture and sell BugOil, which is based on plant extracts.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.