The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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£43mill revenue from a company that cost £75mill. And more thank likely loss making. It's not an up and coming company, it's the Debenhams of music streaming. And the famed 'killer app' killed the company. More likely, they siphoned that money off to do software for whatever plan they have to come, diverting the cash to their own ends. And the trouble is you are investing in nothing that is visible. You might as well get a boilerroom phonecall from out of the blue. Worse, they've already suckered you once, twice, three times and there's still some idiots on here trying to promote the idea that this is a going concern! Truth is, it's gone... and if you're concentrating on this share because it's the only one you're familiar with then you really shouldn't be investing. Rather, you're not investing, you're just giving away your money.
I can almost appreciate folk who have £50 left in shares thinking they'll leave it in but even that will disappear with consolidation. If you refuse to believe you have terrible investing abilities then at least bump it up to a multiple of 750 but, honestly, you'd be better off with buying a kitkat. Lots of companies have value after delisting, but there must be a host of ways of ii's dumping pi's and manipulating business law to shake you all off. This lot just don't give a flying one about you. The fact that the BoD just awarded themselves millions more shares to compensate for the drop after reaching some bs 'targets' shows what they think of you.
You won't have shares in 'the new Spotify' just like you didn't win the lottery y'day.
And if you ever thought, in the last 6 months that this was a share worth holding then you should really stop dabbling in the stock market because you're just going to lose more money with the next share you take. I'd suggest just getting a FTSE tracker, except the FTSE near all time highs too. Just go and buy a Disneyplus contract and spend the time you used to waste posting on here watching superhero films... you'll honestly do your health and wallet a big favour.
(I honestly still expect some new chancers to repeat that this is an excellent opportunity to become an internet millionaire. All I can say is, if you still believe then you deserve all you get, bad or, against all odds, good)