The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Couldn't agree more chaps. Good to see LTH's posting some good opinions here. I still think we're in for an interesting year. Don't forget the NAS raise option is in place at a minimum (I think a minimum) £1.50 a share and max £100m in one go. Could see something really interesting if it all pans out the way I suspect. All in my humble opinion only.
jh2704, thanks for clarifying the manner in which GC received payment to the benefit of all shareholders bar one , HIM .
Let’s hope for a strong start on Monday, followed by a re-rate so the disappointed investors can exit.
I’m Excited for the POC
Happyish. He could have taken cash bonus to the full value of the shares. He took the on the day share value as you say which was in the 70s. So he took approx 40% of what he could have taken and he took it in shares
Shows commitment imho. All the whining on here about how he took the **** is daft. He had a long standing agreement and took it in the way that benefits investors the most
I really don’t understand how pi’s think whining about accustem or bonuses is going to help the tils share price. These whiners have absolutely dented the price by putting off any new investors. Let’s hope it’s temporary!!
@Bluebelly
LOL!
:)))
Plan2RetireEarly: 'the BOD are carefully cultivating those roots and one day this will be the fastest growing plant in this insect infested jungle.'
I believe Foralumab is not only a treatment for Covid and many other illnesses, but it also works on plants in an insect infested jungle. 'The Holy Grail'
BB
Blue83: Luckily for TILS the cash in the bank is still worth $1/$1. Unfortunately for GC his £10m bonus is now only worth £3m. Not that I feel sorry for him.
Thanks for pointing this out, it looks like a great time to get onboard.
BB
IMO Mr. Market has over the years turned into a lying, cheating scam run by corrupt middle-men to steal money from private investors. The good news is that once all the markets have been block-chained, and we have near instant settlements, most of the MM’s will be out of business, hooray for that day it can’t come soon enough!!!
This board is overrun with manipulators, but hardened PI’s like myself who have done the research KNOW THE VALUE OF WHAT WE HOLD, despite all the constant tweets to the opposite. Begone, all ye time wasters! It takes years for the roots of a bamboo tree to be created, the BOD are carefully cultivating those roots and one day this will be the fastest growing plant in this insect infested jungle. Mr. Market needs a clear-out, it’s sunk into the swamp!
Regards to all LTH.
Also, IIs invested in the capital raising, not just ‘hoodwinked’ PIs. Is there a suggestion they failed with their due diligence.
At the time, I was staggered at how much they managed to raise which I’m grateful for as it provides them with capital to further their research and trials. Much better raising at that level than dilute at today’s level.
For the record, I’m massively out of pocket at the moment but don’t feel attacking the BoD is going to resolve that. No one forced me to invest.
Will people still moan : blame if/when POC is proved and the share price lifts again?
GLA
Wow. Hasn’t this been covered already around the time of the accounts, including an interview with GC himself?
My understanding is the Bonus was due to long standing terms and GC was entitled to receive ye shared at a preferential rate, but requested they be paid at the market rate - meaning his payout was lower than it could, and should, have been.
I’m sorry, but if these are the terms agreed years ago, and relate to all future transactions above the level mentioned, where is the shock / surprise?
GLA
Before I start this contributed is a clue for investing in this business rather than deramping it
A contributor on another BB summed it up rather caustically like this -
These lot are absolute jokers;
"Full accounts are here as they didn't want to RNS the important details;
https://ir.tizianalifesciences.com/static-files/eefd92e3-743f-4571-ac64-5a243742975a
Apparently a £468k base salary wasn't enough for Kunwar Shailubhai, so he took an additional £164k bonus...as well as £1.6m in share based payments.
However, the real icing on the case is the £10.2m 'realisation bonus' paid to the chairman...
"In addition to the target bonus mentioned above, Gabriele Cerrone also had a realisation bonus in his contract whereby he was entitled to a realisation bonus amount equal to the Enterprise Value multiplied by 2.5% in the event of a new equity capital raise in excess of £20,000,000. This bonus became payable upon a £44m fundraise carried out on August 5, 2020. The Company equated its market capitalisation on this date to the enterprise value, resulting in a bonus payment of £10,290,230. Gabriele Cerrone agreed to receive this bonus in the form of equity, amounting to 4,763,995 shares. The number of shares to be issued is fixed."
The disclosure of such a bonus arrangement makes the placing last summer look pretty suspect. It's easy to imagine how certain parties could profit from the 650% increase in the share price between March and July, put said profits back into the £52m placing and then make more money back on the other side by shorting the shares. Everyone wins apart from all of the private shareholders drawn in, particularly those unlucky enough to buy above £2.
How is there not a blatant conflict of interest in a chairman being given shares for raising money?!"
Its a bit over done but entertaining & clear enough IMO
Perhaps the company has some substance but it is not the real factor for investing so be wary.
It would be more useful for a SH to be aware of the skill the BoD have shown in ramping the price to suit their self interest (& then letting it drop) and time their entry & exposure with a view to personal benefits that accrue to the BoD.
I don't know your average OldApache but can you honestly say you are happy with the way things are? I don't mean that you accept it is a long process blah blah, I mean are you happy that the SP is where it is?
I suppose if you were in early enough you might be sitting pretty but there are plenty here who bought in at considerably higher prices and who have a right to be a bit disappointed. Name calling them isn't really that helpful, or clever, or even grown-up.
I get fed up with the seeming need to always have someone else to blame for everything but if you accept that principle who else is there to blame for the actions which define the SP other than the BoD? I'm sure people are also "blaming" themselves for buying but wouldn't start a thread saying so.
Morning RetiredinFrance,
No, I did not say that, you made a superb Investment, still have, you just do not realise it for reasons only you know.
The directors are in the process of taking a small bio to a multi billion dollar company, which does not happen overnight, just doesn't suit your timeframes, otherwise you would support them. They should always change direction to add value to shareholders, you don't have the directors bigger picture.
Yep, agree to disagree, but you and all the others in your mindset are just blatantly venting your spleen which achieves nothing.
Hope your other Investments come through for you and everyone,
bestest.
Oldapache..Of course you are right I am the idiot who pressed the buy button . However, TILS used Accustem as a spratt to catch a mackerel…You will disagree and that’s fine but the BOD have not once stuck to any time line..I know you will disagree but faith in the BOD , with their pathetic fireside chats is an example of telling potential investors how wonderful we are…only for those investors who got in at any price to discover Bullxxxx Baffles Brains Syndrome -BBBS….I blame no one but myself but like many on here the BOD have hardly covered themselves in glory have they ?.. You are entitled to disagree of course.
So, we see the constant attack on our directors.
What are these idiots blaming them for? The only blame is that these idiots bought at a price that they now believe was too high and are not now prepared to be patient to see their Investment realise it's potential.
So who's to blame for that?
Lack of due diligence, which incorporates all the aspects of understanding the directors, the products, the market sector, it's peers, timeframes, funding, etc,etc.
Reading the constant t drivel would put potential Investors off so the idiots are complicit with / are the shortest and attacking our share price.
Nobody pressed the buy button, you did.
Just saying for balance, if you can't stand the heat.......................