The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Even now I don't think the penny has dropped.
There is hundreds of oil and gas deals globally every year.
This company has been around 10 years and never has finance been agreed on a single deal anywhere.
They have hung themselves , it's taken a while but it's coming very soon.
WW, regarding the current big thing of GTW.
The predecessor qas PDIP (now EOI) which became a 100% subsiduary on float.
Before they got involved in PL2002 (with CIVC etc) back in about 04 ish there offering was a GTW solution which they held the IPR on.
I know little about it and I dont think it is of any interest other than a bit of history.
I know we don’t always see eye to eye warrant but that’s a good post.
The big point being the lack of ambition for any bod member to buy shares. Our ex ceo and chairman own some but not a single bod member.
I’m not buying anymore
The rise will come after consolidation. Reckon be lucky to get .05 average after that .
What a mess hey
I am afraid that is the whole point of AIM, as it gives a company the ability to raise cash, which is what's needed to develop.
The challenge then is that they spend it wisely. Due to the fact that NONE of the BOD have any real skin in the game ( I don't accept the deffered wages slant ) then they really don't care about the SP as it is just a vehicle to for them to siphon cash from PI's to their own pockets, they've done this with the pot of gold at the end of the rainbow scenario, just so happens they've changed the pot every couple of years with the current fable being G2W, with a background murmuring of Brazil.
With all of that said I believe that we are close to the end of the journey, in that the impending raise will be their last.
Simon is incompetent, and is just there as a shield to the vitriol previous aimed at Minty, and now Graham for the continued non delivery, he is completely deluded as he feels the company is making progress. Continuing to make that statement totally confirms that NONE of them have any idea or care for share holders, returning share holder value has never been on their radar.
Graham is full of hot air and really just a new version of Minty without the RMRI backdoor benefit to him.
Damian is a chip off the old block and in his role should have mitigated the risk of us being here by at least placing when above 1p and avoiding the carnage that's ensued.
What is the benefit to NUOG in having this myriad of companies ? as it appears that the only benefit is to charge between & take into a private company, maybe the benefit is to milk NUOG then let it go pop for MFDEVCO to sweep in and take all the cash going forward ?
It is 50/50 if the activity we are seeing today is forward selling of placing or a large holder calling it a day, we won't know for a few days either way.
For me I have taken the crazy decision to top up a couple of times today as it has massively reduced my average & should they actually do something then I can exit here sooner than previously thought.
This company has really opened my eyes to just how low in terms of morals, capability, competency, decency and integrity some people are. I just hope 1 day they all get their fair dose of karma
Unbelievable, once again!! Cant deliver a single deal after 9 years! I dont trust a word they say, just feel absolutely helpless that these people can just run the company into the ground and get away with it.
Yet another catastrophe for share holders, well NUOG bod
, you couldn’t organise a PUIAB
Trade was delayed 1 hour from 8:24:24 at that time spread was .17 .18
A little bit of manipulation I think.
Apologies - I've just noticed it was a delayed trade so you're probably right.
What a mess. Does this mean the placing has already happened and will be released or is it purely a big holder selling?
broad - can't see that the 20m trade over on NEX at 9:24 was a sell. It was done at .15p when the spread was .13-.14p. The price has recovered a tiny bit since too so most likely a buy imo.
In 5 lots since yesterday afternoon i would say that's mcadder out, will have to wait for a tr1