The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Bankfool, you have made many good posts in recent months, I believe that will happen too, I just cant see how the company will survive and whether any of the compouns show promise or nor, there is no signs of anybody picking the company up for a song.
I fully understand the positivity some of you still hold, but I think we have all learnt just how many promising drugs have been left on the shelf due to lack of financing as there is still much to do and spend to get the data the big boys need to buy a company for whatever price.
Ihope something positive will still come from this but see very little reason to rely on it. Regardless my best wishes to all of you during these difficutntimes.
I don't feel guilty or responsible at all for the mess we are in.
This company is a shambles.
I don't see how shareholder actions can make things worse at this point. A director that can't take contol and mange the situation isn't worth having. If GM and SV want to stay in place or rescue the company they need to act, need to sent the direction, need to demonstrate that they are the solution.
I wouldn't be surprised if they just shut up shop and called in the administrators instead.
Yes Bankfool....we are treated a bit like mushrooms growing in the cupboard under the stairs.
Spend our lives in darkness and the only light we see the light of day is when Valirx PR open the door and dump a load of **** on us.
The market reacts consistently as demonstrated by today's closing sp.
How often do we complain that we don't get updates.
But when there is bad news ValiRx are very good about coming forward and don't varnish at all.
Awesome PR. No news on research, plenty of news when it comes to poor funding.
Tells you all you need to know about the value of the research.
Ave salaries for full time employees 100k
This is what 100k of PR looks like.
Hopeless
Hi Dracky...your argument and proposal sounds admirably sensible to me.
The old guard is clearly incompetent...Valirx needs fresh, energetic, talented blood...not stale greedy alcoholics who don't listen as they believe they know it all.
Over the past few years I've suggested to GM ways of improving shareholder confidence.
We all pretty well aware what suggestions have comprised of and not one.....not one...had been accepted....always an excuse. There's no excuses left....Time to go or be forced to go....
It'a Absolutely Obvious. CONSOLIDATION will not Cure the Ailment. IT Didn't Work before . Look at the Amount of FIRE SALE Placings After Almost Everyone of them. SHs bent over backwards to Suit GM and SATU and let them have their way. Look where It got us. SP .03P/.04P. Suzi Possibly would be the one person to run Valirx. NOT though with GM/SATU looking over her Shoulder. Can Any of You Imagine being In that Position?. Maybe Victoria Knows enough about the Compounds at this stage to Carry On. After all In that Video GM Almost says that. Whatever Stage That IS. Seeing that Nobody seemingly Interested. IF GM/SATU GIFT the money, Let them have a REMOTE Scientific Advisory Role IF Called On. AT a VASTLY Reduced Salary. The Only Way to Fund the Co Is the Way I've being saying . UNLESS a Pharma take a Major Interest. That would be the remotest Possibility. UNLESS they Earlier Couldn't Deal with the BOD. FEEL FREE TO Correct ME. IMO.
I genuinely believe one or two of the BOD are actually thick.
There no other explanation....elapsed time has confirmed beyond all doubt!!
Surely the penny must have dropped by now that shareholders have had more than enough of director tantrums, threats, incompetence and most importantly ignorant disrespectful actions/inaction to the detriment of its patients, backers, staff and shareholders.
Currently, across the globe, so many company directors are taking pay cuts to help their respective businesses survive the p financial consequences of the corona virus. Urgent action necessitated resulting from a problem forced on them by nature.
Then there's this outfit that hasn't made any attempt at all to appease any one of genuine investor concerns,
hasn't owned up to 'complete' incompetence (spiral of death deal) or any of the other significant damaging fund raises they have been responsible for.
Instead, they remind us how brilliant they are and why their salaries and bonuses must be justified.
They have to be thick!!.....there's no other explanation and the sooner at least one or two stand down the better.
Surely not all the directors are tarnished with the same brush...surely there must be some insurrection brewing.
I despair if there isn't...are they just going to stand bye and allow a couple of clowns take the company down.
I strongly urge someone grow some balls and rids us of this cancer. The cancer that one or two top paid (wish I could say earners) swanning around within Valirx are inflicting on shareholders.
I cannot be tactful any longer....this is how it is...man up and take control and put in place a team that can show empathy with its shareholders, restore trust, listen, and lead by example.
Accept that the current funding problem is self inflicted.....not due to shareholders actions as beyond our control....Its their problem...no excuses...and in any other company someone would have been forced by now now to fall on their sword.
Grow up George and Satu and admit incompetence or worse.
You know what you have to do....must we keep on reminding you.
Your own time bomb remains ticking and only you can disarm it.....then trust can be restored and investors may feel that their future risk exposure is actually managed.
Just read the news item posted. Reading through it I don't know what the ponit of consolidation if there is doubt creditors will be willing to extend their support to enable potential funding to occur.
All looks like a lost cause at the moment.
Who would want to put their money in now in light of this statement?