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Agree with that on both points Gixer. I see it as a simple matter of Colb projecting his own view as that of the majority. Since no other holder has followed the same path as he did, buying at a peak, selling most of his holding at a low, leaving an unreachable average, it's more than clear that he is isolated amongst the main view. Another case of higher education creating delusions of grandeur. There are a number of future outcomes possible, including a bid for the entire company. I don't think anyone other than the BoD have any specific knowledge of what the future may hold, but, mainly thanks to you, we can see positive developments. for me, that'll do for now. I would, however, like the sp to reach a point where the moaner leaves us. Obs :-)
Hi colbaltblue, not saying you are wrong. Or right for that matter but it would be interesting to get your view on 2 of the points you make. 1. "The time to start thinking about a couple of pence is when the company makes a profit and that won't happen for years IMO." Years is quite an open statement so not sure how you come to this conclusion. Me. I think we will be in profit soon after By-Health gets blue Cap.
2. "there is a huge head of steam for many lifers to exit this disappointing share as soon as anything in excess of 2p is reached." Not sure there is any evidence of long term holders saying they would sell at 2p. Many LTH could already be in profit if they had averaged down over the years but i have no idea when they will sell.
DP64, the fictitious spike of 2009/2010, I can't remember exactly when, was a brief blip which nobody managed to sell on. The spike was caused by a rumour of a deal with Coca-cola. In addition there were far less shares in issue at that time. if you want to think about a "spike" you need to revisit the time when the then CEO bailed out at approx 7p to finish his home improvements! Any dreamer who thinks this share will get into double figures anytime soon is delusional IMO. The time to start thinking about a couple of pence is when the company makes a profit and that won't happen for years IMO. I remind you that the vast part of the current income is used up in the form of remuneration to the BOD. I know you're only a recent visitor here and have only been a member of LSE for 5 minutes displaying very little knowledge in general, but I assure you, IMO, there is a huge head of steam for many lifers to exit this disappointing share as soon as anything in excess of 2p is reached. It's almost comical that you, a newby to PXS, lecture me as I have held this share since 2009. Please do some research for a change. Read back through the accounts and check the charts but don't do it late at night. You'll have nightmares! It's not a pretty history.
GNC Holdings, Inc. seem to have been in a bit of trouble recently but were sold to Harbin Pharmaceutical Group. In June 2020, the company filed for Chapter 11 bankruptcy protection and indicated plans to close at least 800 stores. Effective on June 30, 2020, the stock was delisted from the New York Stock Exchange and shifted to the OTC Pink market. In September 2020, the bankruptcy court in Delaware approved the sale of GNC for $770 million to Harbin Pharmaceutical Group https://en.wikipedia.org/wiki/GNC_(store)
Hi Gixer, Fully agreed with your thoughts about what is mentioned in the report. I have a strong believe that we will be bought long before the full potential of fruitflow is exploited. A lots of share holder will agree below 10p a share. I am not sure what SL is thinking about his significant interest in PXS. My personal view is that we should hold it till the full potential of fruitflow is exploited as we have been holding so long and missed the last 22p spike. Those people who are too busy to check the spelling probably do not have any clue about whatever mentioned in the last PXS report.
colbaltblue, Its difficult to give future growth estimates on what we as shareholders don't know although the company has already given a clue "The total projected annual sales value of the prospective sales pipeline for Fruitflow continues to stand at a substantial multiple of existing annual sales." As for the companies vision. "The Group's strategic priority is to focus on developing revenues from the Fruitflow business together with the Group's Alliance partner DSM, whilst also managing the relationship with DSM." and "Specialising in functional food and dietary supplements, Provexis has a clear commercial focus to deliver viable products and high quality scientific intellectual property from the laboratory through to revenue stream"
"The end game?" To make us a profitable company with at least 2 revenue streams.
£4.00 a share and 50p dividends :-) lol :-P Not serious about the last bit BTW.
But what is the end game? Ian Ford has never shared his vision of what he wants the company to be. At the moment, the company still needs to raise funds to survive and it is possible that sufficient income will eventually bring profitability but then what? One of things I find most irksome about this forum is that nobody provides an analysis of likely scenarios. All we get is links to more products or dreamers plucking wild figures out of the air ranging from 5p to 22p. Now for once, without resorting to personal insults, can we have a sensible discussion on likely future growth which is based on best estimates because we'll never get a clue from the invisible man at the helm.