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Actually Happy Days, a better and probably more likely scenario is for PXS to get bought out..........which now they have the patent is increasingly likely. Wouldn't make sense to do before Blue Hat approval though
HappyDays - the only strategy they can or should have is to license the product to distributors because they have no clue how to market themselves
All I can say is " its a bitter pill to swallow" !
Yes the elusive blue cap is the only hope here. However my faith with the business side of this company is now so low im wondering if they have any sort of a plan on what they will do if, no I will be optimistic and say when they get it? They don't appear to have a clue on how to sell something! I will live in hope that the blue cap comes soon. Looked like it was on the cards this time last year and thanks to today copy and paste 'update' we appear to be in exactly the same position....another year and some 300k waisted! How, why, who's to blame, that's what I will be asking.
Krusty
There are positives throughout the whole update, but the theme is still very much jam tomorrow. None of us know whether tomorrow is next week/month/year.
Communication from the company is abysmal. I would encourage folk to take the opportunity to email questions for the AGM. A webinar to update us is long overdue. Our questions could be a framework for such an event rather than overrun the AGM.
Blue cap approval is the obvious catalyst for significant sales and we all want to know what the potential timescales for approval are.
W$
“Subscriber numbers on the www.fruitflowplus.com website have been growing steadily, and currently stand at a new all-time high level”
So how many do you think? 200? 300?? Bet it's way under 1,000 still. Is this covered by the DSM news blackout, or could they actually tell us the number? If so, why haven't they?? I'm trying to find a positive in this update, but it's just not there.
Gixer
We need the extra stock:
“Subscriber numbers on the www.fruitflowplus.com website have been growing steadily, and currently stand at a new all-time high level”
W$
(waiting for some real news)
It's a lifestyle Company and certain people have done exceptionally well out of shareholder apathy and inertia.To receive £308k from a company with revenues of £348k is obscene and totally indefensible IMO.
Makes you wonder what he saw that made him want to invest in the first place!
Yes but we've heard all this "substantially ahead" stuff before and it's not making any difference. Bottom line is £321k loss on revenue of £348k. It's still minuscule numbers after years and years of partnership with DSM. And who is paying for the losses? At least they're warning us that they want more of our money again this time. How long before we get to break-even? Any mention of an ambition to get to break-even? I can normally see the positives here but they've allowed H&B and Amazon to run out of stock, now it turns out there's been no appreciable improvement yet again. Many LTH's, like me, remain trapped at these levels, and have been for many years now. It's like the BoD don't give a stuff as long as we keep stumping up more & more cash.
It’s the DSM revenue which has seen the growth “· Total revenue from the Fruitflow DSM Alliance for the year was £233k, 18% ahead of the prior year (2019: £198k) and an all-time high number for the year. Strong start to the 2020/21 financial year for this business, with first quarter revenues substantially ahead of the comparative quarter in 2019/20.”
Don't you sometimes wonder if all the research you've done on behalf of the BOD has been a complete waste of time?
And a very big increase in the inventory of ff+.
Why would they do that if sales have fallen???
Yet there has been a ‘substantial’ increase in revenue for Q1.
DD77
My numbers are only for PXS own sales of FF+O.
The financials today cover thru year end which is up to end March 2020 and Feb and March were the two highest months by order number. April saw those numbers halved and they haven't recovered.
All we need now is Lucas to offload some!!
Looking more like Zeus will have his day here after yet more disappointing results. I think what makes it worse is the raised expectation ahead of raise after raise. It's only the potential of the Chinese development that keeps investors clinging on here. It could be worse, WS has 50m of these, that's a £67,500 hit on the day so far. Ouch!
I've just read the rns. I think its being over sold we are in front but not by much. It just needs a bit of luck to fly lime 2009. Im staying put. And not selling.
Joke company for over a decade and now we have a record low loss for the year, begging bowl out again whilst the Docs wallet gets fatter, could not make this sick joke company up if you tried
Guys it’s an old idea , once it looked good but it’s all over .
CB
Sort this company out ?
For me there is progress in all areas, but the issue remains that FF is essentially being kept a secret and until we have a suitably sized supply chain in place it will remain so.
I believe we do need to do things differently if we expect to see different results. I ask myself what are DSM doing to justify the level control they have over us. To me their performance has been very disappointing - they would have gone up in my estimation if they had paid for a FF logo on Sunweb's Jersey.
We are very fortunate that we have someone intimately familiar with FF pushing it forward in China. For me when we have blue cap in the bag and the revenues improve (significantly) we should wave adios to them. (Hopefully but that time we should have co's queuing up).
Looking forward to the fund raise, will be interesting who they get on board this time.
W$
Sold my holding some months ago at a loss. Has anyone noticed that provers revenue now accounts for 33% of total revenue? That's really awful from a global DSM perspective.
The fact we've had 2 trades today (both sells) shows the general malaise for this share/company..........all rather depressing