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Anyone buying should take the advice being offered by Jimmywotsit very seriously. Read the RNS carefully. £300k at end of Jan. Since then they've had to fork out to complete the redundancies, get out of their lease and all the gubbins which goes with that. They were spending over £100k a month, but even with no staff or premises they may still be bleeding £50k a month. So there has to be next to nothing left. So how can they operate as an "investment company"? No expertise, no money, no idea and who would be daft enough to invest in anything they recommended after this? They continue to seriously mislead investors and I'm surprised its allowed. Back on 15 March 4PetesSake asked why the BoD had never issued a "no reason for rise" RNS when so many go suckered in 12m ago. The same question should be asked today. The huge percentage rises make it look really attractive to the inexperienced but its a complete sham built on hot air and misdirection. HERE BE DRAGONS!
I'm trying to flush mine away, but the turds will only offer 0.25, only a £5k loss for me, but still painful to see. Don't let them pull the lab skin over your eyes Newbies...
Is that the spread here is a trap... It's on the move constantly. If you buy here, and then try and sell, the spread changes almost instantly... You simply can't ever get your money back here, let alone make any.... All monies going in here will never come back to the people who put them in... I think this entire stock should be put on the desk if the FCA as it is being mis-sold to newbie PIs who are (let's be honest) the only ones putting anything in...
this ?
The lot of them.
Brilliant !
Have not done the math... The company (let's face it just a bod with no staff, working from a small rented office) has had no success of any kind since these guys thought they could sell labskin for 'shareholder value' The current price versus the spread means that any investor would need the company to double in value just so they can get their money back (not including any fees) The spread is big and has been for some time because the mms are protecting themselves from being lumbered with a load if toxic stock when (not if) it goes bad. In the meantime they are gently offloading stock as and when they can and picking up small amounts for peanuts. This is not an investment, its a bunch of clever ar£holes making sure they keep the gravy train going as long as possible til they can set some other scheme up which will enable them to keep their standard of living. Anybody investing will unfortunately lose the lot.. IMO of course.. But is so blindingly obvious, that it can only be rookies putting anything in ! And everybody always loses on their first investment, its called a learning curve. This ladies and gentlemen has been most accurately described in the most glowing terms as a 'turd'... But a turd can be flushed away, this turd keeps floating back up, hence I would like to adjust the terminology to 'floating turd' or in layman terms, a 'floater' I look in here now and again to 'despair' at the folly of more newbie 'investors'
that there are some people still buying into this turd of a company.
Whoever is buying this I salute you. This could either be one of the savviest investments or you could end up loosing the lot. I suspect the latter
Post recommended.
....for very little but you would be buying a shell. The point is there is nothing left in this business other than the name and a plc structure yet the Board insist on releasing nonsense RNSs such as the one today. By all means buy the shell if you want a vehicle to reverse into. But most people on here are very cross because the value has plummeted nearly 20-fold in 12 months and just want it all to stop and the Board to get their comeuppance.
a micro cap ! That is how lowly valued it is.
You can buy 1% of Company for £4k For £12k you can have your name in an RNS
This has to be one of the smallest Companies listed on the market and so should be ideal candidate for a reverse takeover.
Little existing cash + Directors continued remuneration + no assets + no idea what to do = zero surplus at the end. Stinks like a week old turd in a fishmongers.
Outlook Following the approval of shareholders at a General Meeting held on 13 March 2014 to dispose of substantially all of the Group's assets and to adopt an Investing Policy, the Company is now classified as an Investing Company as defined in the AIM Rules for Companies. The Company is required to make an acquisition or acquisitions which constitute a reverse takeover under the AIM Rules or otherwise implement its Investing Policy within 12 months of the General Meeting, failing which the Company's ordinary shares would be suspended from trading on AIM. If the Company's ordinary shares are suspended, the Directors believe that they would then propose to convene a general meeting of its shareholders to consider whether to continue seeking investment opportunities or to wind up the Company and distribute any surplus cash back to shareholders. I suggest that you get out while you can.
This is bonkers. Look at the article on Business Desk Yorkshire (thebusinessdesk.com/yorkshire/news/611149-evocutis-positioned-to-undertake-new-investing-policy.html?news_section=28381). Has Ellie Newton-Syms bothered to research her article? No staff, no premises, no assets so how come we still have "Evocutis offers a range of dermatology services" - NO IT DOESN'T!!! Yet still burning money like there's no tomorrow. Someone somewhere is laughing all the way to the bank.
Evocutis plc ("Evocutis", "the Company" or the "Group") Interim Results for the six months ended 31 January 2014 Evocutis plc (AIM: EVO) is pleased to announce its unaudited interim results for the six months ended 31 January 2014. Highlights -- Post period end disposal of LabSkinTM and SYN1113 intellectual property and related assets in return for 864,706 shares in Venn Life Sciences Holdings plc and potential further consideration based on future sales of LabSkin(TM) and SYN1113 -- Loss for the period increased to GBP484,000 (31 January 2013 : GBP481,000) -- Loss per share from continuing operations of 0.04p (31 January 2013: 0.04p) -- Cash balance of GBP304,000 at 31 January 2014 Tom Bannatyne, Chairman, commented: "After a difficult period of trading, I am delighted that we have concluded a deal with Venn Life Sciences Holdings plc in respect of our principal intellectual property portfolio. Evocutis is now positioned to undertake its new Investing Policy from a stable cost platform, whilst retaining an interest in Venn's future development of LabSkin(TM) and SYN1113". Enquiries Tom Bannatyne/Gwyn Humphreys, Evocutis plc Tel : 0845 200 8341 James Caithie/Carolyn Sansom, Cairn Financial Advisers Tel : 020 7148 LLP 7900 Nominated Adviser The interim results will be available electronically on the Group's website: www.evocutis.com. Evocutis plc Chairman's and Chief Executive Officer's Report Introduction We are pleased to report the interim results for the six months ended 31 January 2014. As set out in our news announcements published during the period, the Directors have been assessing strategic options for the Group's assets. Trading during the six months ended 31 January 2014 has been difficult and in November 2013, all operational staff were given notice of redundancy. Management have taken the decision to discontinue the Group's provision of research consultancy and LabSkin(TM) services. Discussions were also initiated with the landlord to agree an exit from the Group's property lease. Subsequent to the period end, on 25 February 2014, the Company issued a circular to shareholders in which it was proposed to dispose of the Group's LabSkin(TM) and SYN1113 intellectual property along with related assets. This disposal was subsequently approved at a General Meeting of shareholders held on 13 March 2014 and we announced that the transaction was completed on 19 March 2014. The Group received 864,706 new ordinary shares in Venn Life Sciences Holdings plc ("Venn") as initial consideration for the disposal
This company through their complete incompetence and dishonesty have left some investors in financial turmoil. Yet rather than having the dignity to shut up shop and at least return some cash, albeit a pittance, to the remaining shareholdesr, they keep going, using up the remaining cash as the SP keeps falling to new lows. They will do this until the company is totally worthless and then wind it up. They should never be allowed to run a company again. The only way to get anything back is to sell up now.
My advice would be, to sell now, before the ship goes down. Can't see the share price ever recovering. Evo is a poorly managed company.
You do have to wonder if they would recognise a well-managed company. I still have a miniscule amount of my original investment left here, and I'm just hoping they get lucky so I can get out with just a little more. However, what I am really expecting is to lose even that.
EVO are now an investing company.. From website : The Company has the ability to invest in all sectors, however the focus will be on businesses focused on commercialising intellectual property and exhibiting the factors and management necessary for significant growth over the short to medium term. Now did that rub anyone else up the wrong way? Or is it just me ?
To see the share trades and people still buying these.. Don't they realise it is now virtually impossible to get out with even the same as you put in. I think all that's going in here is IIs and a few MMs are just shifting the last few of their shares so they don't take too big a hit... This is only going one way, its got to be just newbies taking a punt and people who have absolutely no idea plugging money into this now...
Please recognise the following: Current Market Cap - £0.44 million 2013 Average - £5.5 million Loss Approximately - £5 million If we work on the fundamental fact that money is a payment for; time, value, production, energy. And That the national minimum wage is £6.50 per hour Then a loss of £5 million equals: 5m/ 6.5 = 769,230 man hours = 15,384 50 hour working weeks = 334 years of work These loses will never be recovered by your shareholders. I just wish that we could take this time away from you. The above is used to highlight the impact of your incompetence. Regards Aidan
Why can't the Directors just close it down, and return any monies to its very poor shareholders, have they no morals. They just keep spending the money. The only real asset they had has been sold for peanuts.Unbelievable! There are good well run companies out there, this is a very badly run company. My advice, do not invest in EVO as you will loose the lot.