The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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It taken 6 months of waiting but I did finally take another very small gamble on here today in the end at <1p. (last time i did it was called ZBO)
Its Already consolidated and dealt with the old legacy company and now its priced around cash and ready to drop any RTO target in to an aim listing.
Suspended from Monday for 6 months, and no doubt will raise capital for an acquisition, as high risk as they come and a pure red or black punt.
A major Holder here is also connected to E-therapeutics (ETX), may be worth a little gamble.
Yep, thats it Alexios, the equivalent to ~40p was for one of the old trades i made a long time ago, thats what i was thinking of.
Placing price was 0.026p
Consolidation 1for40
40×0.026p = 1.04p
1.04p
At this price If it was the old Chinese legacy holders selling out today then this would represent a nice clean shell trading around cash with nothing tying it back.
Just a shame it didn’t hit this trading point 5 months ago.
So old money about 40p?
If I remember how it worked out correctly it was something like
had 1.25b new shares Then a 40-1 consolidation
Think they worked out At about 1p/ share.
placing price?
Shame it won’t let me set a limit buy order, feels like a 0.2p buy order would get filled, as these are being sold at any price at the moment probably by spreadex , a £700 Red or black gamble for 1% at that price lol.
Think It’s cost someone a lot of money, spreadx last reported at 26% Holding.
Yep, it’s a gamble on if you think something will be achieved during suspension or now that doesn’t dilute existing holds to oblivion, chances are it’s going to the aim graveyard.
‘Not to limit’ means they now re-starting the process, so this will take many months nowzz
But 4 days to go it’s a bit late :)
“ . As a result, the Board has now decided not to limit our search to these two specific sectors.”
That’s The only glimmer of hope, should have been the idea from day one of they didn’t have anything lined up.
Yep, last throw of the dice
The London Stock Exchange is expected to suspend trading in the Company's ordinary shares on AIM, pursuant to Rule 15 of the AIM Rules, at 7.30 am on 14 September 2020. In the event that no reverse takeover is completed in the six months after that date, the London Stock Exchange will cancel the admission of the Company's ordinary shares to trading on AIM.
Yep, very true. Strange times, nothing would surprise me
Yea, i had a reasonable chunk of ZBO when it was £300k mcap, the restructuring was terrible and left the company way to over priced to be worth investing in, did my fair share of research on it prior to PHM change, it isnt worth much in this current state but it still has till September until its suspended, there might be something in the works and shells always have the chance to create a trading opportunity but unless it goes sub £500k mcap im not interested, risk reward is not there for me, dont forget it will need to raise capital at some point too.
Looks like you were prescient. I think as a Cash Shell hugely attractive for a reversal play for the likes of an Open Orphan or similar looking to divest a division.
How on Earth hasn’t this dropped to the <£1m range yet.
Agree spread is the real vomit...
Under 1p is ok
They have 6months to figure out what they want to do with it
Nice spread. £350k Mcap vs £2.8m Mcap lol
Clean AIM shell ex Zibao #ZBO