The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Ouch...
I think most people are taking Mothers advice- Nothing good to say-"say Nothing". Atleast the BOD are putting £20k in doesnt cover my losses but hey ho only £5.98M to go. Lets hope we look back in a couple of months time and say it was a strategically good move!!
0.62 WHY NOT RAISE at 0.50 then poor show as i said im not investing no more let it roll what i have .Good lucks longs , We will get a few traders now so for a few weeks be difficult if im honest i cant see fid by year end
vitol back us ? Says a lot if they wont . Im in now to the end . Yes they have to raise money but not so long ago i sold a batch of these at i think 0.62
What a joke buying a yard with no funds no trying to raise 6 million now . Poor show wont affect my life . INFA IS LEAKY the sell of began couple of weeks ago . They raise 6 million how do they run it as i said poor show
Difficult to find anything good in their, not a sniff- turning the PC off! Riverfort....
Will be looking for JW to confirm H&W has been incorporated to provide synergies and not a pivot, that would be a kick in the nuts if not.
For anyone not have had the pleasure of dilution before, IMO expect a massive drop tomorrow, I saw 10% mentioned earlier (good luck with that!), But day traders usually arrive trying to sniff a trade from the carcass so that might be an exit opportunity as opposed to 7am when every man and their dog is calling for JW's head and hitting the bid.
Think I'll sit it out, the press ran the story last time do perhaps some momentum can be built.
What a year.
Agree with MR T (becoming a fasion) Lets get something tangible that we can back as we have so dilegently backed iNFA the last years!
CR
Well we've not had any solid good news all year that's why the sp is where it is.
Any good news tomorrow depends on how accurate this story is and how much equity is to be raised. Good news will be in the way of contracts at H &, W and some numbers included. The mms will hammer the price if its a case of raising x amount at the current sp without any positive news thrown in.
I don't want to sell at this stage but then again I don't want to be in a position of awaiting the good news for weeks and months and nothing arrives.
Looking at the latest rns for IM everything is on track but its high time some meat was now put on the bones and in addition the Chairman should be produced now and those EU funds should be forthcoming pronto. All good news items but all overdue.
Mr T
Placing
I strongly encourage people not to sell tomorrow as I have great experience of how mm’s can take advantage of sentiment. I also know for a fact thet they read these boards. Empirically proven. Please do not expect good news or you may be gutted. That does not mean there will not be any. I have been down that rocky road many times. Losing in 5 numbers here. A lot of money. I have no expectations and have only experienced misery in Placings in the short term. Hence hold on.
I have been in here since the takeover. Before JW. Before the takeover it was a lifestyle company paying big wages to people doing nothing . I mean nothing.
At least now things are happening. Do not let the have your shares for nothing...especially if it goes very low....
Expect the worst and you will not be disappointed.
Anything positive is a bonus.
Bottom drawer.
It’ll come together eventually.
Been through 4 Placings here!!!!
It was in the rns 1 Octiber, the administrators BDO would have put a market value on the assets after they had drawn up a statement of assets the value was 11M that is the value in a fire sale. Moreover the assets once being fully utilised could be worth anything? Put a finger in the air and come up with a number. Therefore 6M appears to be a snip and is why JW is all in with the deal!!
BTW why do we need to raise 6m we only need to pay 3.3initially then the balance nxt April, therefore why would we be paying it all up front?
I think this is where the press release is wrong I believe we will need to raise 3.5m at the most here and that would be a stretch at the current low M cap.
We could be on a position by April to raise x amount by debt as we will own 11m worth of assets and they should be bringing in cash by then so we will be in a much better position for debt raise?
So I don't think we will be looking at 6m in the morning personally that is incorrect journalism and inaccurate imo.
Mr T
I'm pretty sure JW mentioned it several times in interview. The company was in administration... A fire sale so to speak.
Where is your £11mil figure coming from?
If the assets were in fact worth that much, why wouldn't anyone with deep pockets overbid INFA by a mil or two and still bank a solid profit?
The answer is: because they wouldn't be able to sell it to anyone for 11mil, therefore it's not worth 11mil. Value of an asset is how much someone is willing to pay for it.
If it was worth 11mil, you'd have lenders busting through your door to lend you 6mil secured on that.
On a side note, dawski... Have u had your dinner with JW yet as a tr1 holder? I hope its in the near future so you can chew the fat on his ideas to make us rich :)
Irrespective of whether the board is the source of any leaks (or not} I will be glad we can draw a line on the funding. I believe it makes business sense to buy h & w and therefore is good for us, inspite of any short term drops in sp
There will be some good news as well tomorrow,folks ..and I do not intend to sell ...or in the next few weeks despite the choppy seas ..the gem that is H&W has been secured ..it now needs to be fairly funded and maybe you will all be given a chance to partake in the spoils --put your losses asside for a while and if you believe in JW&Co for heaven's sake hold on ...very tight..The Placement will be scary in my opinion ( without full knowledge !) but it will be marketed and supported with good news ! Sleep well and put alarms on for 6.50 a.m.
Jabido- The devil will be in the detail tomorrow so we can make an informed decision- It just will not sit well with current investors if the media knew all the facts before the investors, and this could only come from the BOD- The SP dropped Friday am the deal not signed till friday night- Loose Lips Sink Ships.
I and the rest of the 90 odd percent of aim investors who lose on aim. I agree with you there lol. My point is as stated, the share price will drop but ultimately its a good thing that the deal is now done. Long term it saves us tens of millions on IM and its another income generating company! I'm really pleased... Because I'm not selling a bean until true value is realised. This is progress!
MItch- OEX- I will be posting on your board soon (this week)-KARMA!
Jabido- You really do not understand AIM market do you- your sentiment I agree 100% but at the minute that does not count for money in the bank, as far as the aim market is concerned we are worthless and any detrimental news will be used against us FACT- Long term possibilities are HUGE but in the mean time this I guess will be a trading stock- until solid news provided of projected earnings/Contracts etc
Forgive me if I'm being thick but I don't understand why there's such a hoo har about this. We have just secured the money to buy 11 million pounds worth of assets have we not? The share price will drop due to mm's but will soon go up to take into account the value of the assets we have purchased?! Calm down
Personally I think the very least that should be released is the heads of terms for the debt equity- atleast this would show it was still on track as so far this year no more than words.
Snowman- the posibilities for good news are endless but as yet the last few months none- given law of averages we are due some upside.
Regarding Riverfort...have to agree.....I've been hit by them twice with other shares.......their involvement at all is always bad news.
Hoping for some navy contract news tomorrow.....or at least some other form of really good news......something has got to be pulled out of the hat please ?!
Still have faith that JW will come good somehow.