The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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http://www.maritimegateway.com/chinas-new-strategy-cross-border-e-commerce/
thoughts
An buyout is very possible though. By-health already spent £'s, get it cheap at 5p now, huge upside for them. Then price is set, no mass selling into rises etc. Preferable option.
It's an offence to intelligence that the old duffer really thinks that others have judged things as badly as he did. By his own admission, he sold most of his holding at a massive loss a couple of years back, thereby putting the remainder at an average that is unattainable. Whereas I'd wager that the vast majority either sold up, moved on and shut up, or continued to add periodically. If some took a loss and quit, that's the market, wish them better luck or judgement on other stocks. Those that took the second option are likely now looking at tidy gains, if they take them, again that's the market. Only one persists in pouring out his bitterness continually.
Me? No I'm not for selling, but each to their own
Hope some of the "lifers" sold on the spike earlier and we now welcome a future generation of "lifers" who have bought in on that spike on the basis of FOMO!
Obviously good news this morning as long as they're not competing against themselves in China but until the company is making enough money to show a profit, the need for funding by placings will be a dampener and the elephant in the room. I guess the placing will now follow in short order.
Probably be ok in the end but there are may people who just want out after 10 years of attrition IMO. This will be a major dampener on future rises.
"The Distributor will purchase Fruitflow+ Omega-3 as required from the Company, and the Distributor will then market and sell Fruitflow+ Omega-3 in China through its existing network of e-commerce and other sales channels"
Sounds like a money up front deal?
Massive increase in stock levels were purchased recently (£90k) so can only assume the extra stock was anticipated for China. Could be a big first order for China but wouldn't like to guess how much profit per pack that would be.
Is it possible we could dodge the fund raise? at least temporarily until we find out how popular FF+ is.
Very good news. It’s a big step in the right direction and only shows it’s very likely blue hat approval coming!
Also look how fast it moved on little volume. When we get the big news this should fly very quickly.
Hopefully it holds some of its gains and maybe even moves up slowly over coming months.
Been a 10 year wait but I am feeling more excited and positive about this.
Even a 5% market share of the 260m Chinese people with heart health issues is huge numbers, and could easily put pxs share price at 10p. With the right marketing by by-health it is very very possible.
We don’t even know what is happening in the rest of the world yet?!
Anyway good look to all LTH, I hope for a good takeover :-D
C'mon, when will his dog of a share get to 22p! where's the dragoonnnnn rebornnnnn to pump it up??? 12 long years still no sign of 22p or was he stating 50p at one point??! We need Bantam **** right now to shed a lot of humour onto this board! Is he still around?
And were off to the horses again! Place your bets people, place your bets!
BoPulist - that was my first thought.........seemed very strange. Maybe this is an interim agreement prior to Bluecap and it's in ByHealth's interest because CBEC can help develop the market for ByHealth to reap future rewards if/when blue cap has been awarded
Don't talk nonsense again Alfista, that's not breaking market rules.......a number of CEOs do. Gerard Brandon does fairly regularly on DVRG that i'm invested in. Your defence of Fordy and the lack of action knows no bounds and given you have plenty of time on your hands, it all makes sense now.
Today bodes very well imo. When we receive proper news this thing will fly nicely. Can't be too far away from blue hat now.
This all seems very odd. ByHealth are spending a lot of money for blue cap, would have thought in return they would have exclusive rights for China.
Is there any chance the distributor IS ByHealth but they don't want to announce that yet?
If I were, I'd be breaking market rules by posting on a chat board.
So, you get the "Dopey Theory Award".
Well done
First mover and hopefully increased margin prior to big by health launch
Spot on. Lol
I don't disagree with any of that Alf, this can only be positive news as the market has confirmed. I just hope the company had the courtesy and respect to make By-Health aware of what they were doing, before it was announced. No reason to think they wouldn't have, by the way.
Good to see they can sell FF+ now instead of waiting for the Bluecap.
"CBEC regulations enabling the Distributor to sell Fruitflow+ Omega-3 in China now, prior to the blue cap health claim which By-Health is seeking to secure."
As if by chance, I was right :)
alfista - you are Ian Ford and I claim my £5 :)
What it is, is the company complying with regulations, to report anything that is significant to the whole market. Anyone buying will know the need for funds, depending on the increased inventory necessary, the raise may be more than expected.
However, our own brand product expanded in to a gigantic marketplace has to be excellent news. Congratulations to Mr Ford for conducting this negotiation at a time when business travel hasn't been possible.
By-health may as well buy us out now as good to go. 5p my guess.
market seems to like this update. Looks more than a pump before placing this time.
Tiny MCap here still, if this gets going in China it will blow the roof off. Just hope, as the RNS says, that this IS complementary to the By-Health deal, we don't want to p!ss on their cornflakes.
for a Monday morning.
No indication of who the distributor in China is but ....
"The distribution agreement announced today is separate but wholly complementary to the Company's work with By-Health" could it be connected?
So they get this news out before the placing.
· " Cash £291k at 31 March 2020 (2019: £326k). The Company raised £301k from a placing in December 2019 with new and existing investors at 0.40p per new ordinary share. The Group has recently completed a new production run for Fruitflow+ Omega-3 resulting in a planned increase in inventory of approximately £90k; based on its current level of cash the Company will therefore be seeking to raise further funds in the coming three months."
There is no shortage.