The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Thanks. Don't get the sp dropping yet loads of buys.
Fingers most crossed for CrizNathamMo with his declared 5p average.
DShox, my understanding is if you have control over 3% or more you have to notify the company that you have passed the threshold and they have to issue a TR1. It applies to a couple where husband and wife jointly pass the threshold. It doesn’t matter how the stock is held.
Natham, i think you summed it up nicely. I notice that the mcap is still £4M so suspect the SP still has a bit further to fall...
The £1m pumped in - interesting to understand where the cash came from. It's a micro cap so very easy for threshold notification unless held in a nominee account.
CTEA's Covid-ID app is purposed so that individuals can upload their tests to an app to prove they are safe.
The problems with this is with the country in its third lockdown, people still needing to pay bills, and to work for their mental sanity, a large portion of the population has opted to either not download the NHS test and trace app, or shut it off altogether.
This coupled with the fact that you could always catch a newer strain of the virus after testing negative, it doesnt give a 100% accurate reading for the real life application of trying to prove you are covid free.
The sentiment in the market with phone apps for covid seems to have fallen off a cliff as neither Apple, Google, or the NHS have created a working digital passport.
Lastly it being on blockchain technology, this isnt a massive selling point. A two factor authentication which is freely available from google itself could provide the same level of GDPR compliant security.
And this is why I think CTEA have completely missed the mark, Guy Meyers has misold the capabilities of his product, and nobody with great enough sales acumen has managed to sell this to anybody. Matter of fact those that have opted in to use it is almost laughable and i would not have published such results, especially as they hadnt generated any revenue.
GLA hope this turns around, however outlook looking very very bleak.