The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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the company is probably still drawing down on its debt facility rather than paying it off. However, if they provided an update we would all know for sure.
If the three contracts are going well and the company can start to pay off some of the debt, surely we will have liftoff?
Major shareholder supporting with hard cash and 27% equity after years of share price decline. Could this be the year in which fortunes for shareholders turn? They will most certainly need to pull something out of the hat to get this SP at many multiples. There is no way they could get any meaningful fund raise away with the capitilsation and liquidity so depressed. The investment here is certainly not without risk but I'm banking on a liquidity event at some point in the next 6 months, the returns could be phenomenal from a �1m cap if we do see one. GLA
I should also add the �1.7m loan provided by Tinajero in November had an option to convert to equity but unlike typical loans of this nature it had no death spiral terms. The conversion price is fixed at 1.12p, a significant premium to the current SP. For him to convert and recoup this loan the SP will need to be much higher which I suspect will be the case later in the year. If I am correct the current liabilities are too high in my estimation to be met via revenues alone so either the repayment terms will need to be extended or the �1.7m will be converted to equity.
If it's any consolation the nominal share value is set at 1p which means there can be no equity raise sub 1p without first securing shareholder approval at an EGM. Tijanero is happily funding the company under non convertible terms so he must be confident that there is material upside from here for him to get his return.
I wouldn't believe what he says, he's been bullish here from 10p all the way down to the current pitiful share price. Moreover, he never puts his money where his mouth Is, the last time he invested was several years ago when there was a placing at 6p. In my opinion, he's full of ****.
Knowing his end game would be very useful as further equity dilution at these price levels would be dreadful. Thanks for your thoughts anyway.
Well hopefully his optimism will be reflected in an improved balanced sheet for starters. We need to see the SAAS revenues having a material impact on our cash flow followed by a reduction of the debt pile. They still need cash for WC which is evident from the RNS in March. Mr Tinajero has been and continues to be very supportive of the company; it would be good to know his end game since he has coughed up �4m+ in the past year coupled with a 27% share holding
Why a transformational year? Going to pay off some of the debt burden? Jose is also confident that further deal news will follow should the negotiations they are currently in bear fruit. Well that�s not really raising expectations. I think news management from this company could be seriously improved.
I have been in touch with Jose who is very pleased with the progress behind the scenes. The commercial rollout for new customers remains on schedule and he continues to believe that 2018 will be "transformational". He is also confident that further deal news will follow should the negotiations they are currently in bear fruit.
I'll just stop posting... Everytime I do it goes down!
Is only later this month. Worth seeing how much attention this firm will get off the back of it. If you look at the chart for the same time last year, it helped the price creep up.
mirinda
Jace - they are not a bit like Netflix. Netflix is a consumer business all about getting content to consumers. But yes Mirada could and do power content distributors. I've been invested here for 6 years, have a substantial holding and have attended the last few AGMs - I'm well aware of what the company does and in what context it has worked with the companies on its website. They are currently active with Televisa (Izzi telecom) in Mexico, ATNi in the Carribean and Digitial TV in Bolivia.
"A bit like" does for me. Its not an exact science comment. Mirada would be the software that could power a content distributor. They have a long list of partners and clients. Worth a look on their site. Alot of big tech names and broadcasting corporations.
They aren’t aiming to be a Netflix - they are a business to business software company, providing content management solutions. I’m a long term holder and all for talking this up, but let’s not start throwing fantasy around like Netflix
“Is a bit like Netflix for Asia and South America” It isn’t like Netflix - Netflix carry and now produce their own content and sell directly to the consumer. Mirada provide software to allow direct to consumer businesses to efficiently provide content to the consumer.
With a bigger target audience!
....and a few got themselves in the sin bin for a few days.
Rise today obviously but in future it will... I think some users got culled by admin...
Where are you today?
Right news or rumour - just look at mysq flying. They have had hard times too recently and turned a corner imo... This company could do similar.
That yesterday there was a struggle to buy. Possibly put people off...
AIM disease, buy high and sell low.....sigh!
This morning. Game playing off MM's.