Of course income will increase. But if that income gets nowhere near the costs then you don't have a business. I think that will be the case here. Nobody ever said fruitflow would have zero sales. Quite a few said that a deal with a multi national was unlikely when others were claiming they would all want a piece of ff. The longer it goes on the more likely it wont happen. A product that was going to take the world by storm would of made millions by now. 10 years in and it made £4k.
Just the way the market works isn't it, I could point towards a lot more shares where genuine progress hasn't resulted in increased share price. As far as I could see, very few buys came in on the back of the AGM hint. Folks are cautious, and they don't even know what the good news related to. Buying on speculation still happens, but not here for the time being. Increase of revenues is continuous, the wider spread of products containing Fruitflow since the end of March has been obvious, especially in the areas you mention. How can that not result in further income for |Provexis? No one in their right mind could suggest otherwise. (Leaving plenty of scope for the usuals to do just that ! ) Dearth of news gets under the skin, but I agree with you that a bounce may materialise for no particular reason. Nothing has changed, Fruitflow global growth continues, still at early stages IMHO
Its all about expectations. Most investors 4 or 5 years ago were expecting pxs to be in profit by now. They were expecting deals with multi nationals by now. They were expecting a pipeline of products by now. Alfista and various others clearly had much lower expectations. To be happy with a £4k income just shows to me that his expectations were far to low and why he has lost money on his substantial purchase of shares at 0.9p. The half year results are going to really show you if progress of income is going to speed up or go at a snails pace. Unfortunately if it increases at a snails pace then breakeven will be a distant dream and many pis will sell up. I would be suprised if pxs ever get to break even. As i said recently i think the most lightly result here is that in a few years when its clear the company will not be profitable then they will sell ff and pis will not do well. The bod on the other hand will of had another few years of £100k plus wages so at least they will be happy. I dont think you will get a bounce. The days of the dramatic sp increase like Madrid are long gone and each spike gets smaller and smaller. Until this gets into a major brand the income will always be insignificant.
Seems ironic that we are down 20% since July given the commencement of revenues, end of scale up cost contributions, further reduction of production costs, products hitting retailers like Walmart, airline take-up like UAE and Easy Jet, sucessful Austrian launch of Sirco and apparent good news around the corner as per the statement by our CEO.
Looking at past patterns, I would not be surprised to see a bounce irrespective of news or no news.
Let's hope the DB preminition materializes into something credible to warrant its mention.
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