The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Been thinking along the same lines ("Trump and his sanctions") myself, JH77.
BW
It is a fact that the chinese government is curtailing the outflow of capital for FDI, and probably have a monthly quota for funds going out. This is partly because of the shenanigans with Trump and his sanctions. I'm coming to the opinion that that's what is delaying things here.
I think we all think every week something must change this week and that they can’t re-release effectively same RNS, but they do.
Part of me thinks why would they be insistent on funds being sent if they haven’t? What reason would they lie?
But on other hand I don’t believe money takes this long to leave China.....
I hope our patience is rewarded...
EXTension was to 19th but today. Hopefully they receive today & then inform market shortly.
Tick Tock update in morning my guess another weeks extension doesn't mean it's an issue just taking time being transferred through a complicated banking system
WTF is going on.....I suspect If funds don’t transpire the RNS when/if it breaks they will explain how they plan to fund to ease share price reaction....all about risk/reward here.....but certainly a gamble, nothing less
Inward bound from China direction!
Explains the delay’
Strange to think that if news lands Monday morn that cash has landed then this will probably double from this price..... 100% profit from the SP right now @1.9p...……….. very tempting indeed.
thanks guys for that, as you know in the greater scheme of things we are not talking about an huge amount of money, iam surprised any business gets done in china. On a more cheerfull note and as an irish native i am of the opinion that the waters around the emerald isle holds a vast amount of oil and gas, i have no proof of that but if its under the north sea then why not. If we get a good result and i say IF, then just watch the big boys jostle for position. Well thats my whine done for today boys, just food for thought have a good W/E. OAOut.
Tick tock guys
BIG... at least theres still buyers out just noticed 2x300000 plus another couple of large buys in the past hour.... so lets hope the pain will be over soon and this will hit 3.5 to 4p ....
They said its down to the "authorities" ….proof the money has left the HSBC acc of the lenders has been provided …. its at a "Clearing stage" which apparently is the norm with any money leaving China.... but a month is getting a bit much if you ask me but WTFDIK....its only £10m after all. It could arrive any day as the company keeps promising and only doing push backs a week at a time so they are obviously expecting it as much as we are. Monday is a new day!!!
I'm afraid I cant help Chip, but it is all very frustrating and demoralizing for all holders and I feel the same as you...as I watch my investment lose value and no good news coming out of the woodwork.
Can anyone give me a reasonable explanation as to why these so called funds havent materalised yet. There has got to be another reason why this hasent been put to bed by now. How many extensions are our big wigs going to tolerate????. I cant help feeling we are been taken for a ride, please please please someone prove me wrong.
……. be nice to get the miracle RNS saying cash arrived safely... can they really push it back anymore?
If this goes on any longer they will be saying Santa is bringing it in his sack.
'China takes long time to clear & transfer funds'
But not seven years?
Yes, I had noticed, Ichi.
BW
Reminds me of,,Nobody beats Vitas Gerulaitis 17 times in a row.” It might be the most famous quote in tennis history. And unlike most famous quotes, Vitas Gerulaitis actually said it, in 1980, when he finally got a win over Jimmy Connors after 16 straight defeats
The first seven years wait are tbe hardest
It will come eventually I keep telling myself....
you never know
For yesterday's gains then. Very frustrating share.
China takes long time to clear & transfer funds especially sending abroad. My friend sold a property in Shanghai & took quite sometime to receive their funds over here.
so since the 12th they have received further assurances.
Extension of Backstop Date
As at close of business on August 12, 2019, no funds had been received in EXOLA's account but EXOLA has received further assurances that the US$10 million loan advances due under the Updated FOA are in the process of being paid. Accordingly, the Barryroe Partners have agreed to a backstop extension of on or before August 19, 2019.