The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Roger, this is a confusing share. The EPS is up over 30% in 2 years, sales are rising rapidly and yet the share price has collapsed. Some members of the board imo have been complicit in driving the share price down by cleverly worded statements that contain no real information. Going on the " there is no honour among thieves" I would expect at least one member of the board to be ousted in the new year. The board have lost the shareholders confidence so any decision that requires shareholder approval is now not an option. Administration depends on sales and I stand by my earlier comments, if the vat refund is large enough to keep the company going for 12 weeks, then sales are going really well. However these are devious people ( one would think that a politician was somehow involved ) and I do not believe a word that the board says. Thankfully neither do the majority of shareholders ref the puling of the AGM. At least the "sword of Damocles" hangs over the board as well as the shareholders.
Twink99 - what are you expecting to happen here now? Administration? Delist? I can’t think of anything positive that can come out of this appallingly run company.
Please please someone buy this company for £2m and then realise the potential of the products and make yourself a fortune.
Looks to me as if RR is in a hole that he can’t dig himself out of now. I’ll be delighted to see him walk away with nothing - just like me. He of course has taken his salary of £120k for these last few years whilst doing his worst for the company.
What a shambles. Someone should be ousted here. To have to cancel an AGM because you had no idea how the shareholders felt is an act of hubris too far. I do not feel that anyone will do the decent thing and resign, but someone's reputation has been badly damaged.
Would be very welcome to give Rob Richards the boot. I think Verditek has a lot of potential, but this guy is clearly not up to the task
Yes, obviously they weren’t going to get that little matter of 100% share issue through. Hardly surprising after a 95% decline of the sp in just two years or so.
Hopefully one of the major share holders throws this CEO out on his ear and we get someone decent in his place. It’s Christmas and apparently the time for miracles. Perhaps miracles really do happen…Come on Chairman Willetts, tell RR to sling his hook!
Well Well, looks like "Robbo little balls" has run away with "Mr not honourable" to have a cry because those mean shareholders will not let them play anymore. Today I feel a little more content than I did yesterday. Where did shave get that photo of me in my dashing chaps from?
No! Already said, I’ve written this off.
Probably the share holder who recently bought £500k worth of shares ie 20% of the company. Imagine they’re playing hard ball with Rob and going to rub his nose in it by offering another £500k to take it over and send him on his bike.
Could also be Gavin Mayhew? Wish they’d force RR out and find someone else to get the show back in the road.
Did you turn up with your baseball bat, Roger? Or was it Twink looking too tempting in his chaps?
So which one of you was it then? Lol
RNS sounds ominous.....
No RNS yet. I imagine they’ll put one out as late as possible to soften the impact of the great vdtk Christmas message .
I’d be surprised if anyone actually turned up. I’m sure most, like me, have just written this off.
They won’t. Why would they ? The only interest here is in securing a few more monthly pay cheques. There’s no respect for share holders at all!
I hope the right questions are asked today. Whether the board give a straight answer, we will see.
So, Rob Richards is over to see the family for Christmas with First class tickets paid for by VDTK no doubt and some swish London hotel too. Oh, and an OGM where he asks lths if they’d mind kindly allowing him to dilute them by 100%
I hope there’s a rogue London bus that squashes him flat.
I’vea feeling they might get funding but that it’s going to pretty much wipe out all lths investment value here. Further dilution on a completely disastrous share price will mean in 3 years Rob Richards has lost 99% of the value of anyone’s investment here who bought two or three years ago. Don’t think he’s remotely capable of saving VERDITEK so half expecting the resolution to grant 100% off the share issue so they can string out salaries for as long as possible before the inevitable to be voted down. Just means vdtk will go into administration sooner rather than later. One positive for me is I will no longer be contributing towards this idiot’s salary which he categorically does not deserve.
Only hope would be for someone to buy VDTK for a couple of million £.
If that gave me a share price of .3 or .4p right now I’d leap at the chance of rescuing at least a small portion of my investment. It’s been the worst stock and BODs I’ve got involved with in all my years of investing and on AIM that means they’ve been up against some incredibly dubious competition but …for utter incompetence, woeful disdain of share holders and outright questionable and suspicious goings on VERDITEK take the Cup.
I don't think they will be able to raise any more cash to keep the business afloat.
Am I the only one that received an odd unsolicited email contact from a mysterious investor (based in OZ) who claimed he was somehow connected to the company and knew that big deals were afoot....? That was maybe 2 years ago. Those deals never came of course - surprise surprise!
Then there were a few RNS "deals" that were not concluded, but not before a massive spike in the SP, and huge pumping operation on this stock. Who remembers the used-car salesman sort of guy in the promo video who used the phrase 'secret sauce'?
The past history really does deserve close inspection.
d roger I was uneas when you receive
Last discount was effectively at 75% discount so I’m fully expecting another placing to give away probably another 50% of the company at .1p
This stinks and I feel there’s something rotten going on here with the CEO doing shady stuff. Can’t prove anything but just a strong hunch and opinion he’s not batting for vdtk here
My decision to invest. My mistake. My loss.
The CEO deserves to be out of a job and take nothing away from this train wreck of a company. Everything they’ve done has gone wrong or backfired. Mismanagement on a staggering level. All the directors deserve to walk away empty handed, just like the share holders.
By end of March I think this will be busy or they’ll do a raise at yet another punitive discount for which Rob Richards will think he should be rewarded.
Voted against everything.
Deeply unhappy the CEO thinks he’s worthy of a 30% in his salary from last year having delivered a drop of 97% in the share price over the past three years!!! Utterly taking the p.ss.
That’s a drop of just 97%!! Staggering. Absolutely staggering.
I don’t think anyone is genuinely interested in vdtk. I’m now of the opinion an organisation wants vdtk out of the market. Mismanaged and 100% dilution coming your way soon as reward being an investor. Oh and that’s on top of 90% decline in the share price over the last three years. Way to go Rob my lad! The competition out there must absolutely love you!
New shares will be issued willy nilly for the simple purpose of extending BODs monthly pay cheques for as long s as possible as a reward for running vdtk into the ground. Just my views.
Tom Winnifrith knew this was a bad apple several years ago. He was right and now vdtk is rotten to the core.
Perhaps this is the new potential investor/ interested party ??
https://www.pv-magazine.com/2023/12/13/lightweight-pv-system-solution-for-commercial-buildings-with-limited-load-bearing-capacity/
Roger, login on a computer not the phone app, then from your home screen you’ll see Shareholder Meetings tucked away on the right… Click through to that and you’ll see where you can give your VDTK instructions
Nothing on HL as far as I can see…
Can’t you do it electronically via your broker’s AGMs tab?