I am no expert an do not fully understand how the draw down is a saviour for us under a takeover offer if it were to happen. I do know that DSM will be the first to know if or when a takeover would be their interests. The shareholders will learn of one when only when an offer would be imminent. I do not see why Provexis would want to keep the rights unless they have more to add to the business from other quarters. That is my take on things and will likely remain so for some time yet. I fully respect alternative opinions and like I have stated not afraid to make the wrong call.
Just back from a weeks hols, i see the "truce" didn't last long. The usual back biting by the usual back biters. Our resident copy and paste poster leading the charge, futile as usual. Not long now, or maybe it will be longer, who knows. I am ever hopeful and will not sell until i see a return, Puk and crew will not change that.
The question is. Will the company be reporting a profit before then?
Revenues from profit sharing Alliance for 2013: £37k
This was on only 4 products contributing to the full year and a further 7 products coming on board during that year and most only contributing 6 months or less before the profit share was eaten up by ff2.
Revenues from profit sharing Alliance for 2014: £4k, largely due to high scale-up costs in the initial powder manufacturing setup phase, which are now at an end.
Preliminary Results for 2015 will show 12 months profit share for 30ish products (5 more launched since March 2014) and 9 months with a reduction in cost of production.
No, I do not think takeover is the only solution, just that I think it will be. I am not afraid to be wrong though, just content that that is the way I see it at present until something persuades me otherwise. The one thing I really want is, for those long suffering investors who have sat around with all that money in PXS coffers, have it turned into a reasonable return, me included obviously.
Just my opinion, nothing more. You believe t/o will be the only solution, fair enough. Mine is that financial progress will eventually become a demonstration of the earning power of Fruitflow, putting Provexis in a totally different light to investors. Both scenarios could happen, time will tell.
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