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.
samolly2 He stated sales in June...........according to the last RNS we still have NO sales....we are mid July now. Other Covid shares have had their approvals much quicker. That is a fact. The last RNS stated they were looking to sell in 11 countries........which one?? why the secrets???? The fact of the matter is DB could have updated the market with events and not just kept quite.......we now know why. He hasn't delivered. No sales and no approvals.......over 7 weeks and counting since the CE marking. I'm running on free shares but it still annoys me how we have this amazing product.....yet we cant sell it.
@Gloria it took us till Monday to get on the NHS supplier list not GDR fault just there due process. My guess is each EU country will have similar lists.
he didn't say we need a month or two for approvals, then sales, nothing. Just silence, a couple of weeks back the email from walkbrook was basically the RNS the next day. No sales or approvals. Just thought the share price had fallen enough, but obviously not.
@blustington
any idea how long it takes to prepare the paperwork for a regulatory approval. How much legal advice you have to take? How many different sources of data need to be compiled?
in fact idea at all how long the process normally takes with out covid 19 ?
No orders. Thats about the crux of it. CE mark for europe and not a single order to mention. No approvals for anywhere else. And they only finished the interviews for a regulatry specialist on 3rd july. Ah well. Win some you lose some.
certainly help all his II buddies, sell their shares risk free and then dropped a stinker of an RNS.
The ceo should be replaced because he voluntarily stated the he would report sales in June. He didn’t report anything in June. He reported 1million quids worth of intent in July which is worth absolutely nothing commercially. A ceo that fails to deliver is not an asset. He should resign
CEO has stayed far too quiet imho - Leaving investors in the dark - He has a product for distribution past two months - during the height of the Pandemic and has been unable to get orders
The CEO said junes sales, never mentioned anything about approvals to anybody. Then suddenly after the deadline has passed. It's not his fault because he did put the approvals in until mid June. He's been either naive or incompetent. A left alot of unhappy holders. Seems he doesn't care. Should have realised when he come on this board he wasn't upto it. Saved my self a fortune.
I considering cutting my losses as seeing other shares spike like avct and tils but I'm scared of getting spiked. I think due to my low wage my risk appetite is different. Couldnt except a 200 quid loss a few weeks ago now its a 600 quid loss.
so the CEO should be replaced because you brought shares at the wrong time?
I am really sorry your are showing a paper loss at the minute and it is sizable but there people myself included who have a MUCH greater loss and are still here because we believe in the company and the Product and the CEO and board.
I understand people need someone to blame.
The approvals will happen, when they do sales will come.
They haven't missed the boat at all
what they have done which is almost amazing is create an entirely new clinical test in 9 weeks one that has several individual selling points and that is very accurate.
Approval time scales are out of there control
if i have one complaint its that there communication might of been slightly better.
Its not a good situation but I have hefty profits from past investments and a balancing act is being performed - Its why I will stay till the end and with a second and ongoing warnings on the horizon perhaps GDR can come good - Problem is there are so many other kits out there that Genedrives may be priced out of the equation - Some investments make the grade - some do not - Genedrive looks at this time to be a bad investment but who knows?
Hello gluefactory how do you deal with such a big loss? That's about my wages after tax.
The £1million sales are "Indicitive" - his words. He is either incompetent or has a very bad sales force - or both. My average here is £1.555 - 32,150 shares - now showing a loss of £28550 - I am holding out for a bounce as my loss has greatly exceeded my worse case scenario - They missed the boat on orders and as a CEO he should be replaced
He is starting to come under the incompetent bracket. Successfully managed to watch the sp fall from 300p to 65p......silent throughout. And for some reason cant get his product through the approvals. Over 7 weeks since we had the CE mark now and still not one single other approval.
He needed to answer questions weeks ago
has anyone managed to contact db direc,and received a reply??
He needs to answer some questions now