The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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so much for increases when fund not selling . Unless there is more positive news this will only drift down
People seem to forget this party hasn't even started as yet.
More buys than sells and the sp is down???
Every thread has a resident basher , the one on this thread to be fair is not the most odious I've come across. I almost feel pity for him seems a very lonely chap.
It's worth pointing out that your can't change the name of a company until the vote has been completed and the resolution past. Then you have to apply both companies house and then the exchange amongst others.
It's not like Sefton is going to just proclaim it on the day and shout 'Let the PR and Contracts Begin' . It could be quite a while after.
I don't think it's about impatience. A lot of people don't trust Sefton, myself included. As the SP is looking pretty negative people are anticipating it moving lower before anything of any material value occurs IMHO. I doubt the name change will make any difference and we could even see it move lower on that news if it becomes apparent DS is just stringing everyone along. What is needed, is contract news and confirmation that the last contract isn't just hot air.
Why are we waiting for the names change. Why didn't they wait before when they announced the £1m.
This is like stating we can't sell anything in the shop until we change the sign out front.
They have a limited company they could utilise for contractual purposes.
Why would you want to go into an EGM with people ask awkward questions about
1) Several contracts in 'Documentation Stage' - Weeks ago (so many clients approaching them too!!).
2) No news on restructuring or Stemcell business disposal
3) No name to that £1m contract
4) No shareholder register as promised.
5) No PR (These guys are supposed to be online marketing gurus FFS!)
Surely some news to go into that meeting with would be better than nothing. Not expecting all of it just a taster.
Listen to this again.
https://www.youtube.com/watch?v=t5ZoCH7mx-0
https://www.youtube.com/watch?v=MuZRynWkPsA&t=2s
Only high value contracts will count
...
these r not the droids u r looking for
Slow slide down as usual zzzzzzzzzzzzz
zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
Look at the names of the board for Iconic Labs. It's all John Quinlan and the team here. DS won't be calling the shots for long. He's also locked in at .25 and will definitely want a nice return within the coming months. Selling at this level isn't a sensible trading/investing strategy imo.
Skittish. We are in World economic slow down. This is evident on the Ftse 350. I see the same old optimistic market cap rants. £30/£40 million capital value is never going to happen.
The best way of investing is realising that there is no money. Meaning if one can make 33.33% in current bear market, we are doing well.
All this hyped up market value is a load of Bollywood. The World economy is simply broke and once one looks at the bigger picture, we can start making money on smaller gains.
Personally i smell a rat with David Sefton and as a result sold my investment of this company, however i have got Wdc on my watch list as well as AAOG.
All my best
Looks like only one more filing and they will be up to date at Companies House!
https://beta.companieshouse.gov.uk/company/10197256/filing-history
I'm still unsure whether there will be any more conversions though - the 2nd 17th June 2019 RNS wasn't absolutely clear -
"The Company therefore expects to be able to confirm within days that any and all further conversion has occurred." - we've still not got that confirmation.
And how does the compensation for EHGOSF work? If they we're buying at 0.40p when the retail price was averaging 0.34pish then I understood they would be compensated (somehow) for the 0.06p difference.
And indeed if it were them selling the massive 155M blocks last week at 0.03p then why were they selling at a further loss? Very peculiar, when they had only converted a few days earlier.
I have great hopes here - £4Mish market capitalisation is silly for what these people could achieve in a properly structured company run by grownups - but I think this issue and whatever liabilities flow from closing the old Widecells business is what is holding this back presently.
Hopefully clarity on these issues this week, but until then it is top up time at these silly prices.
I think £30-£40M market cap is easily achievable here, potentially much higher, so there is still plenty of headroom even if some further issues do arise along the way.
I was working in the lab late one night
When my eyes beheld an eerie sight
Some one makin off wit a bag of them stemcells init :)
Dyor
It doesn't matter that the fund is out - it is all public knowledge and the sp has reflected that news. The +ve of this was NO dilutionary sp drop and sp held firm when all new shares sold into market. Which suggests to me something is afoot behind the scenes...
After looking back through RNSs and Quinlan's statements, I believe we will see:
- Change of name at General Meeting to Iconic Labs
- Significant Director shareholdings/ Institutional Investment announced (which may explain the large fund sells)
- News on the stem cell business disposal/ debt restructure
- And if we are lucky, more contracts
My biggest concern is the stem cell business OPEX cash burn. It needs clarification ASAP. Otherwise they will enter into more Financing Agreements...
July will be very, very interesting!!!!
DYOR as always.
There is definitely something holding the SP back though IMO. It feels like some more financial arrangements are being worked in the background. Whether or not they are to our advantage remains to be seen. It doesn't fill me with confidence when we are now struggling more since the fund supposedly stopped selling than we were when they were offloading by the bucket load. It's obvious it's more than just small investors making pizzy little trades that's causing problems here now.
2018 won’t wash I’m afraid. Get new info before making yourself look a complete tool. Disappointed.
Doesn't say which creditors.
'2018 Fundraise
Shares in WideCells were suspended from trading on the Main Market on 3rd May 2018 shortly after the company announced it would be unable to publish its full year results for 2017 within the four month regulatory deadline. This was pending discussions over an equity fundraising, without which the company flagged it would not be able to continue as a going concern. In the meantime, WideCells announced that it accepted loans from certain directors during April 2018 of approximately £115,000 (interest free and repayable on demand after 1st July 2019) in addition to a loan of £100,000 accepted in October 2017. The 2017 results were eventually published on 5th June, with the shares being restored to trading on 11th June after the company finalised the details of the fundraise.'
http://www.alignresearch.co.uk/wp-content/uploads/2018/06/Widecells_Initiation_Align_Research_15th-June_2018.pdf
See 'Financials & Recent Developments' section.
Then why do we have someone still dumping over the last few days? Surely this should be the interim time to buy in?
You’ve hit rock bottom you really have. The RNS was from 2018 for a start
? https://www.proactiveinvestors.co.uk/upload/SponsorFile/File/2019_03/1553258847_4---Widecells.pdf?
Long term funding commitment from Alpha Blue Ocean, which has financed the resolution of creditors
and is committed for up to £11,359,231 of further funds
– No immediate need for equity fundraise"
Worth reading the RNSs from this year.
There are debts that can be demanded from 1st July (Monday).
Good post smokingjoe. Makes me feel like I haven't really done anything with my life after reading all that, although having a father who had 350 million pounds probably give him a small career advantage.
I see a few mentioning a Richard Thompson, who is he ?