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Was NT for last 20 minutes for. £500 + buy
Very weird kievsky. They've tried 1p on the bid but no-one wanted to sell, now they're trying it on the ask but no-one wants to buy! They're going to have to move it, one way or the other, if they want any business. Just hope it goes the right way...
Trades this morning are weird again. That 1p did not last long. Now NT to buy for above 100 quid
I get 0.9964 quote to sell £500, but get immediately timed out when press sell with 14.5 seconds to spare- five times in a row. 0.96 to sell £1000 which I didn’t take.
W?
Some news on the elusive Chinese distributor would go down well right now.
well done wellsite , I did get anything accept a falling knife.
I got 14p.........
Moon knew what he was doing when he sold out at 8p to fund his posh house in Windsor IMHO. A lot of City types got burned with that transaction, the scars are still visible today.
That Sugar loaded drink was in many supermarkets 10 years ago Missed opportunity imho,,Moon knew what he was doing :Even on BBC NEWS with Sirco
Neverhopeful,
And that was a contract for DSM to do the selling part, which expires next year. If there has been slow sales progress, DSM are responsible.
An advert 10 years ago for what? A sugar loaded juice drink that most found unpalatable?
You misrepresent Chinese progress, the majority of the middle class seek modern, western sourced, health solutions.
The Chinese believe that Bird nest soup and Shark fins are very good for you , maybe if you are starving . Like I keep saying advertising will sell anything . If PXS PIs had got together and put an advert in one of the health mags 10 years ago then we'd have got a lot further than IF has taken us , in fact he has got no where we are where we are due to DSM and Moon sorted that out.
This is China though, they don't need the snake oil merchants. If it proves to work (blue cap, let's say), then people could be "encouraged" to take it by the state. Alf says 20p is fantasy league stuff, if this gets going in China the sky's the limit! The only constraint would be on the supply side. We've seen a gradual rise towards 1p, once that's gone I think the next leg up could happen much more quickly.
We can only hope poochu , maybe Byhealths business model is built on a reputation of quality and products that work , ill people try anything with little encouragement hence all the snake oil salesmen .
But they already. Why bother at all trying to achieve blue hat? Makes no sense. Hence why this is interesting because by health could quite comfortable throw millions at it which would make for a very successful advertising campaign. The product is sound always has been. Cash has been lacking. Seeing the recent uplift in both our patent companies valuations, the level of investment required now would be like pennies to both of them. Perhaps blue hat will be the catalyst.
PXS is not worth a fortune is it , it is loss making . To make it profitable someone will have to throw lots of money at an advertising campaign . There are other products available to do that with and that is our problem. These Co's are not interested in peoples health , they say they are but it's profit they want .
I hope your wrong everhopeful. PXS could make us a fortune in future if it is not bought out.
Thanks for the reminder Gixer , Byhealth will take over the DSM contract in 2022 IMO.
According to the half year report yes.
"Planned launch by By-Health, a circa £4bn listed Chinese dietary supplement business, of a number of Fruitflow based products in the Chinese market is progressing well. Potential sales volumes remain at a significant multiple of existing Fruitflow sales."
Is it significant multiples from By-Health alone?
IMO it won't be DSM who buy us out
To be fair to DSM they do seem to pay a decent multiple of profit for the companies they have bought out , let’s hope the“substantial multiple of existing Fruitflow sales “ Materialises this year .
DSM have shown the same number of shares for years so I am not convinced they have increased. This is from 2016.
https://web.archive.org/web/20160326214820/http://provexis.org/shareholder-information/major-shareholders/
With the fact that "potential sales volumes remain at a significant multiple of existing Fruitflow sales" from By-Health alone, then I would assume this will put us in a good position for any renegotiations with DSM.
No i’m Wrong on the DSM holding they still hold 143769000 share s in Pxs
Thanks Gixer , looks like things are going to change over the next 12-15 months , my guess is a DSM t/o , I think DSM increased there holding in the recent placing , I might be wrong on that .
"The Company announced on 1 June 2010 that it had entered into a long-term alliance with DSM to develop Fruitflow® in all major global markets, through an effective commercialisation of current formats and pioneering new and significant applications (the "Alliance"). Strategy, co-ordination, organisation and implementation for the Alliance is governed by an Alliance Board comprising two members from each partner company. The agreement extends initially until 2022 at which time the partners will review the arrangement. DSM will put substantial efforts into the Alliance and will be responsible for: manufacturing; marketing; and selling Fruitflow® via its substantial sales force. Provexis will be responsible for contributing scientific expertise necessary for the successful commercialisation of the product."
https://www.investegate.co.uk/provexis-plc--pxs-/rns/interim-results/201012160700080528Y/
Probably around June if it was for 12 years.
https://www.investegate.co.uk/provexis-plc--pxs-/rns/alliance-agreement-with-dsm-n/201006010700177846M/