The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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1400K /20 = 70.
So 5% is 70M.
They've now got at least 200M.
So we need to know what they had yesterday.
No wonder the sp is flat.
Ha ha, as if on cue, they’ve just released a correction RNS which now states a new total of 1,399,302,698. Hmmmmm!
Could be wrong, but I believe the answer to your question LB28 would be 1,090,552,698 (total enlarged issued share capital as per this mornings RNS) less 103,143,420 (total as per 20th May TR1)
“The fact that we haven't had any contract/operational news for a while”
Mate, what are you going on about? The £1M contract was only announced two weeks ago.
Companies don’t release RNS’s at every farts end to simply appease nervous PIs, they do so when they have something appropriate to announce. All this talk of clarifications/news RIGHT NOW, etc is embarrassing. If you don’t have faith in the company, sell up and go rainbow chasing at UJO or the next pumped AIM share
On the AAOG thread it quotes DS saying he will be on Proactive later (today by implication) - clarifying the position on AAOG which is in a bit of a spin - so he may get asked something about WDC at the same time.
He's done interviews for both companies (separately, previously) for Pro Active so he has a history there.
May be interesting to watch out for.
Someone mentioned around 1pm.
The fact that we haven't had any contract/operational news for a while and especially today should indicate that there is probably more to sell and ICONIC/WDC don't want to squander news on yet another selling opportunity for EGNOG.
WDC need to issue three today RNS's clarifying EHGOSF's position.
They've obviously converted (again), so we need a pre conversion figure, how many they've now converted and a new holding figure. Hopefully the new figure will not be much more than 5%.
Until that is sorted people don't know the true reality and we won't get any big new money coming in.
Hopefully they're going through the figures now and can't afford to get it wrong again.
It feels like we were provided a whole lot of old or outdated news this morning which is making it hard, intentionally or otherwise, to stick the current status together.
EGNOG's holding is now pretty insignificant, so shouldn't be creating the influence that it is on the SP. There certainly isn't much case for delaying contract news now as any overhang will be blown out very quickly.
We just need news and clarity now. Simple as that.
I thought the fund would have been out over the past week, yet they seem to have still gained further shares and not hold 5% which are locked in. So, this should just about draw a line under their dumping of stock, but yet again we are waiting for them to clear off before it seems DS is willing to provide any more news.
Looking at the number of shares now in issue though it’s up by the 100,000,000?? It’s not helpfully worded for sure but I do wonder if these additional shares are in fact to be issued?
At least two more RNS's to come today - to correct the first two.
I think David may have a podcast ready after contract news this week.
This is all about to start, happy holding for pennies which I dont think we will have long to wait.
I like the line in the 3rd RNS: "...as business development activities continue and engagements are signed..."
ENGAGEMENTS people!
GLA