all the points are valid and imho explain why the share price is where it is, even @ £11mln cap PXS is going to have to do something special in the next 12mths revenues/operating profit wise to justify AND is going to have to manage admin/wages well will only £500k cash
1: I have always said that IMHO FF is nothing more than a discretionary health-nuttrion aid NOT a health care panacea and I,ve said this since day 1, even PXS refer to products as below .....................
Fruitflow® powder for tablets, gel capsules and dietary supplements and
Your feud with Alfista is becoming tiresome. Your selective picking out of facts from the RNS's is also tiresome. Basically, you're tiresome.
Here's some facts for you
Net cash at the end of Sept after the EFF was used to add 287k was 558k Net cash at year end was 515k
So cash burn for H2 was 43k
A further 45k was raised in April after year-end
They've also stated in the "Going Concern" section that they don't need to tap the market for any more cash this FY ( which doesn't mean they won't, but they don't have to ),
THe full-year results include a portion of the years salary and fees paid to Moon and Clarke. They also include the time when Ford was full-time on something liek three or four times what he's on now.
It's valid to argue about whether or not DSM will sell enough Fruitflow to justify the current market cap or a higher sp but you don't really want to have a sensible conversation, yoo just want to have a go at Alf
"Provexis has spent years and millions of shareholders’ money developing Fruitflow, a tomato-based product that aids cardiovascular health, since its Aim debut seven years ago. Then last year, just as Fruitflow was finding its way to market, the board changed the business model from a biotech business to food manufacturing, spending £8m on Science in Sport, which makes nutrition products. Since then Provexis has cut costs and cash burn along with non-core research programmes to focus on Fruitflow and SiS. It is SiS that has transformed revenues, which rose from £50,000 last year to £3.48m. Stephen Moon, chief executive, has high hopes that soon Fruitflow will also be revenue-generating and profitable. However, it seems that investors were hoping for more from Fruitflow . The shares fell almost 19 per cent yesterday to 1.52p
not scare mongering, just raising some issues to discuss in a mature fashion........I remember being laughed at for calling FF a "discretionary" diet aid....and the poor revenues despite countless variations/products seem to prove a lack of market traction after 7yrs of marketing by DSM?
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