The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Agree Mark, it means f -all especially if you want to have a some influence.
If ...(AND IT’S A BIG IF) JB learns through his two meetings that Lovering and Nayar are not doing anyone favors and could be leaving in the very near future, he might be tempted to buy-in (at any price) and hold a sizable stake and take things from there. But no influence until they leave. Just hold and see GJ gets on.
If he were doing a takeover, would you advertise it over twitter ? Hell No.
Being so close it can’t be ruled out for good, however he would have to aquire 30% asap, else it just gets more costly.
Any accumulation would appear as RG Holdings 5%, 10%, 20%. Unless we see this in the next 10 days, it is unlikely..
Exactly fig, the ipo made him very rich. But he could easily have offered more stock for sale at the ipo and made himself even richer. If he wasn't so attached to AMGO he could have sold 80% instead 40%.
I wont rule JB out to make an offer until he tweets it one more time.
I think we all need to forget JB, that's history now! Let's just get on with the task at hand and continue to get this company on the straight and narrow. JB will for sure not be back, I have been reading almost all of his tweets and I 100% certain he is out for good.
Having agreed to that agreemnet at IPO made him a billionaire at 36
If you have 29% and a seat on the board preferably ceo then you hold influence. But holding 29% on its own means bugger all like I said look at Mike Ashley and Debenhams.
He had an injunction in place, that's why he couldn't run the company the way he wanted. Also you can pretty much do what you want when you own 29%, look at Jet2 and it's founder. He runs the company as he wishes.
Ask yourself, why would JB retain 60% of the company at ipo even if it disabled him? Answer = because AMGO is his baby. I'm not saying JB will bid for the company, I just wouldn't rule it out that's all.
Mike - he had 61% of the shares but no voting rights with them so could not influence BoD decisions. That was a part of the IPO agreement.
His Twitter is creepily silent tonight - something is brewing - did he meet GJ today as per the invitation??? What went on???
We'll see!!!!!
If he could run the company with 29% of shares why didn’t he at 61% time and again its showed he isn’t required at the helm and correct me if I’m wrong in one of his recent tweets he said if I don’t get voted in I will walk away.
Seamus that was regarding dipping below 10% and then rebuying if I recall. But I’m pretty sure if he’s done an irrevocable order down to 9.9% he’d have been ok. Not that it matters now but it has bugged me.
Best is to stay calm now, as the psychological up to 20p barrier is removed.
Mark
I'm sure I read a tweet that eluded to the fact there was uncertainty re his agreement and that was why he went to 0
You can’t run a company how you wish just because you own 29%
Just ask Mike Ashley.
Technically he can still buy it, but does he want, dont know. He has enough money to buy a few amigos, but, does maybe better to wait now and let the bod to sort our the mess first.
Hereshopin would you have sold all the way to zero? Because I wouldn’t have it’s seem like a monumental **** up on JBs part.
&Mark. I agree, maybe he made a mistake but he could have Bought back in 10%. I’m sure soletrader was him with 2.45%.
JB could still purchase 29% and basically run the company how he wishes. Especially if he can get one of his rich mates to buy a large chunk too, say another 20%/30%.
As disappointing as today has been, this story has a lot more to come.
I'm thinking the original agreement didn't end when got to 9% and even might of kicked back in if he bought again before it was rewritten
Obviously i'm guessing but can't see any other reason
Maybe it was just a mistake, who knows
The one bit I dont get in this whole saga is why set that original irrevocable sell order all the way down to zero? He didn’t have to do that because once he fell below 10% the original shareholder agreement ceased to be valid! He could have gone into the vote holding 9.99% and him holding that would have got this over the line. It’s bugging me.
Hounddoggy is Hillman kicked x 2
Lol someone's angry. Go have another drink fella.
Hound dog , you have by passed all our comments regarding where you have come from and told us you were right , to telling us JB could buy amigo for 25p and sort it out to now telling us the bod has done a great job ??? Ffs you complete ******** go the **** away and leave the investors to talk sense instead of listening to a bi polar ****
I have to disagree about the BoDs, they've done a stellar job since Hamish left and CV19 hit. Even Nayan has performed very well these past 6 months.
AMGO has a solid future ahead once it sorts out its FCA issues.
Onwards and upwards guys and gals.
JB could now buy AMGO for 25p, sort all issues out and bring the company back to market in a couple years time for £1/£2.
Il bet he's thinking about this right now.