The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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If so, that would leave IDE with just over £700k, for whatever reason.
At 1p per share.
You’re right on Cloudcoco. Perhaps they are calling on the cash from IDE and that is it.
IDE may end up with Cloudcoco shares.
Mxc the commonality. I presume the jigsaw that is Mxc and offspring comes together in time for them to exit.
As I've lost a lot of money on this one over the years I shouldn't be surprised. But sometimes I can still be surprised.
"This day has been a long time coming but for the first time in three years we can confidently look forward to a positive and rewarding future for IDE shareholders." Finally. Hurrah.
Oh you just got a £1m loan. With no reason given.
"The Company is now seriously looking at options to remove the debt overhang"
Oh, by taking on more debt?
And it means MXC is lending IDE £1m with a free of £37,500 up to 3% interest, then we're lending a quarter of that to CloudCo at 3.25%.
Assuming that deal completed, were we meant to get confirmation of that?
It’s plain they will not go to the markets in the future - delisting remains an attractive option for Mxc.
Stating what to me anyway is the obvious, whatever happens here is likely to be about Mxc and to their advantage, persuading their cohort if they can.
Mxc supporting a cash hiccough, apparently. And easy money for them. On the bright side for IDE, one would think when they’re looking to realise their investments Mxc see this as improving their own lot, money back plus interest, in the future and over the next 4 years.
It’s a balancing act for Mxc, with the amount they put in and their shareholding, and I have no idea where they’re at with it. Crafty lot they are.
I presume they mean 2022.