The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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I lost all faith and trust in c.f. and the board,been bitten so many times by them with what imo has been lies and hidden agendas.I wish all lth who still hold and who have sold well but 85% loss for me was enough and for c.f. to suggest it's a good deal well,work that one out for yourselves
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That's the problem with that board, one can't realistically expect anything good from them. That's what really takes one's hope away - the board that doesn't act in your best interest. Why did they recommend that ridiculous offer from AA in the first week of Jan? They didn't have to do it at all. They could have just said that AA want's to make an offer and announce it without any recommendation.They could have gently indicated that the strategic review is still ongoing to calm the shareholders down (instead we rest on fragile assumption that "other options are still considered because we weren't told otherwise"). They could have been more impartial at that stage. They haven't. Why? Now they are conveniently avoiding any communication under the takeover code while the clock is ticking. They understood the effect the RNS would have on the shareholders before they announced it. Why did they decide to do it the way they did? If they intentions are so pure and their true intentions were to maximise and protect shareholders wealth from a predatory takeover or at least offer some comfort at that stage why on earth would they do it the way they did? And it's not a first time, they did it last year too. A short dry RNS last year without any extra explanation followed by period of silence felt as almost designed to make the market reaction worse. And it did. And by the way what's happened to the placing?
Awaiting another piece of communication from "our" board really feels like being a death row inmate awaiting execution.
KOH
I got out on the morning of the 8th at 5.72p and thought I did well to get that....however I do still think there is more to come here who knows there could well be other companies sniffing about....but the risk was just to big for me, so I sold, but some of the posts I have read on here really makes me sad that some have lost everything and I just hope that a White Knight does appear....I would not be bitter that I sold to early (that was my choice) and I can live with it....I wish all LTHs still holding that you at least get a chance to make your loses back overtime...good luck.