The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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what to do we all have our skills
perhaps post covid we will all have a pint
Ha, Retired Aurora, Spent too many lonely nights with my snout in Georgian files :-)
Good to see you back Bugs the original master of sleuth
Agreed
Steady newsflow expected over next few weeks.
I think true value will come once we/ the new stakeholders / Investor win any new tender for the remaining land and license extension. How soon this will be, probably depends on who wins the election in Georgia. We could be bought out after 5hat and focus on Moldova.
If there is some joint venture i expect some special divedend.
and license extension.
Not panicking, I’d like this to come good for everyone. I just can’t see it personally, no rose tinted glasses here. Will wait to see the structure of the new company .....
Known Knowns:
1. Company Reorganisation
2. Shareholder reorganisation
3. ZM no longer CEO (but perhaps is matters less now as whatever that change was for, it's happened and we are moving forward)
4. Hope didn't just want a share of the company, he wanted to sink it.
5. I could do with a juicy special dividend...
My thoughts on how they might avoid paying a huge sum to Hope is that one company “ours” pays a special dividend, then all shareholders are moved into the new restructured company. It is into this new company that Hope would then be granted shares, having “unfortunately” missed out out on the dividend! Wishful thinking?
The only way to stop a huge exodus on relisting would to pay a juicy dividend beforehand, imo...
not sure why anyone needs to panic, theres no point. Dont forget there are some shareholders with much larger shareholdings than we can dream of. Not sure how they could cicumvent those holdings and moreto the point the people involved
its true we ve been treated like dogs chasing a car but we ve known that for longer than two years
Lets see how this is going to look
cant see us relisting any time soon, imagine the exodus, so its all irrelevant at the moment
What's up number70, panicking a bit are we, 1st post in 21 months, that's a bit strange. Makes me feel even more positive.
If shareholders are done then also so are SN And ZM holdings , but of course no doubt they will be awarded a stake in any reorg
If hope has become a shareholder Shirley that makes the last two years a total waste of time
Oh no they're not.
Shareholders are done here.
I.e. Hope becoming a shareholder, GG increased stake, and maybe new lender or partner.
Agreed, shocking and unforgivable treatment. I am wondering if “shareholders are changing” actually means “stakeholders are changing”. Would explain a lot, just one word lost in translation.
" the shareholders are changing", abrupt, and no mention of the existing shareholders being involved.
Zaza must be fully aware of the exact structure of the new enterprise but can't be bothered to tell those involved in the Company that is replacing where they stand.
Shocking, absolutely shocking .
After all we have been through over the past two years we are still being treated with contempt. How anyone can see this as a positive is beyond me.
Remember that the advice we had had was that share consolidation would have to result in a share price of about 2-3 pence per share - Brokers advice. I can only assume that it was the intention to both get off the AIM market onto the main as advice had already been sort. well perhaps this could be achieved! but by a route not envisaged at the time and a lot going on in between!!! I live in hope but God knows how
Back in Jan 2019 Malcy had this information for us
"Shareholders, I am told should sit tight, there may be a consolidation of the shares but they are still very much worth holding on to as a re-listing is very much on the cards and I understand that shareholder meetings etc will carry on. The court case can be attended to and the financing put in place, on the ground they are working with potential partners of significant size in Georgia."
Now obviously meetings didn't carry on, but there is a possibility we have had subtle comms all this time. I am convinced this board is monitored and is a source of information for the enemy and even that the enemy walk amongst us. So given what has occurred I personally can understand why an info blackout has been required. That aside nearly two years ago there was reference to share consolidation and relisting. The court cases look like they are being attended to (to Hopes dismay) and work apparently is on going on the ground and I am sure there are partners still waiting in the wings.
Don't know if it's just the translation, but I find the phrase "change between the shareholders" interesting - could it be a way of saying that 'they' will be buying us all out and replacing our shares with new ones to give to new shareholders?! Is that even possible - no idea! How I would love to open my post one day soon and see a FRR letter and cheque inside, I really would - even if it's only returning my investment and no more. We must be getting close to the end now surely!
No worries ODR - it shows that google translate is likely a solid source for us when it comes to print translations like this. About to post #31
Simples, its to avoid liabilities.
Thank you Looed.
Much appreciated.
Hang-on Europa. It might get a little bit exciting shortly :-)
Doh! Just realised this is our paid translation of the earlier article.
Apologies Looed and all. It's been a tough day at the office.
Looed: I think this was posted, when it was published, on the 15th.
Given we are now 6 days on and the 30 October deadline is looming, one would hope that something significant will happen soon.
In passing it has struck me as strange that if Zaza was removed as CEO to facilitate a deal with the GG, that he has now reappeared seemingly in charge in Georgia. Has anyone got a plausible explanation for this? One would be that his removal as CEO had nothing to do with negotiating with the GG, in which case, the question then arises as to why he was removed as CEO, especially given he is still seemingly in charge in Georgia?