The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Ok nothing good coming out here, and like others assuming the worst. Saw the Telegraph article late last night. As some small glimmer, can’t find it substantiated anywhere else? and if true would have thought it would be big news, particularly with current Coronvirus situation if a Countries largest. Hospital infrastructure was on the verge of collapse and staff not being paid
However only this one Telegraph article reporting this . Can’t find anything in UAE paper report or online (and they are several hours ahead) Latest tweet below, suggests at the front end, obvious concerns from staff but no replies etc to say pay not coming
https://twitter.com/gulf_news/status/1233284040045813760
Can the vitriol please stop on this board, many people locked in with potential big loses
Yeah ok mate whatever you say. Tradealong. Karma will come bite. I dont have to say anything
Mr d shame to see you have lost it all,but we all know the reality is you didn't hold tullow or nmc you just like the attention as it makes you feel liked when really you are just a loser
Mrd, i was in tullow too, then nmc so feel your pain.
I think shares are a curse. I always sell too early on a rally, and when i don't they nose dive. My positions are constantly in the red, and it seems my mood is determined by the markets, which normally means a **** mood.
I'm going to try and give up, and if anything I'll actually be wealthier!
You sure? They haven’t released details of the departure settlement yet.
Thinking about Freeh, I suspect he got paid his fee “up front” before flying all his troops to Abu Dhabi from the US.
But they not paying prasanth his $5 mill salary no more..
https://www.espn.com/college-football/story/_/id/9042806/penn-state-document-reveals-louis-freeh-investigation-costs-brings-scandal-total-41-million
probably more for a foreign entity.
Sadly you are probably correct.
I wonder how much the Freeh investigation is costing them??! Shudder to think tbh. Let’s hope they’ve got enough cash left for his invoices.
you're right, it's not game over for the organisation, it will probably survive, but for shareholders (who are last in the pecking order) I'm not sure there will be much equity value left.
I don’t think it is “game over”. This company has a lot of major institutional investors both in their debt and equity. They will probably ask the company’s financial advisors to put in a serious healthcare management team with a brief to clean up the balance sheet and steady the ship. They should sell their distribution division and focus on providing quality healthcare and not running a warehouse operation. Trim back operations from 19 countries lol to focus on their core countries and core markets (IVF etc) to generate all that matters FREE CASH FLOW!!
Best shouty character was CMF1, he was ofc negative on this company, and was spot on. Kinda Angel in disguise , came here to warn all of us but alas , we ignored him.
true - it's only money, you learn with life it comes and goes.
I do hope they salvage this somehow, but better to mentally prepare yourself for total loss that way you're not disappointing when/if it happens.
Sorry to hear about your loss mate, it might come out of suspenion and may trade higher than today .But I am really surprised that you had a big money pot to invest in and you did not diversify.
Adzy im telling myself now lost if all. Im ok with it. What is meant to be is. Only he up there knows his plans for me. Wish you the best..
they are still here - clutching at straws on every negative story.
Where are the shouty “massively oversold” crew now! They were very vocal just two weeks ago.
I think unpaid wages is not they are out of cash. They just got no one dealing with it. Too busy dealing with freeh. And accounts. Whose left running the company! Which tells me its game over.
Game over? Great. Lets start all over again in life. This time no f in shares. Not a penny. 300k gone in 4 months. Tullow took 200k this took my last 100k.
The company would have to announce something if they haven’t got enough cash to trade so unless they do then this must be a purely administrative issue with the management changes.