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All we need now is Lucas to offload some!!
Looking more like Zeus will have his day here after yet more disappointing results. I think what makes it worse is the raised expectation ahead of raise after raise. It's only the potential of the Chinese development that keeps investors clinging on here. It could be worse, WS has 50m of these, that's a £67,500 hit on the day so far. Ouch!
I've just read the rns. I think its being over sold we are in front but not by much. It just needs a bit of luck to fly lime 2009. Im staying put. And not selling.
Joke company for over a decade and now we have a record low loss for the year, begging bowl out again whilst the Docs wallet gets fatter, could not make this sick joke company up if you tried
Guys it’s an old idea , once it looked good but it’s all over .
CB
Sort this company out ?
For me there is progress in all areas, but the issue remains that FF is essentially being kept a secret and until we have a suitably sized supply chain in place it will remain so.
I believe we do need to do things differently if we expect to see different results. I ask myself what are DSM doing to justify the level control they have over us. To me their performance has been very disappointing - they would have gone up in my estimation if they had paid for a FF logo on Sunweb's Jersey.
We are very fortunate that we have someone intimately familiar with FF pushing it forward in China. For me when we have blue cap in the bag and the revenues improve (significantly) we should wave adios to them. (Hopefully but that time we should have co's queuing up).
Looking forward to the fund raise, will be interesting who they get on board this time.
W$
Sold my holding some months ago at a loss. Has anyone noticed that provers revenue now accounts for 33% of total revenue? That's really awful from a global DSM perspective.
The fact we've had 2 trades today (both sells) shows the general malaise for this share/company..........all rather depressing
All in all, a very underwhelming updated/results. I think we knew things were not going to be groundbreaking when they haven't released any news in the past 9 months. However, progress is painstakingly slow, even worse than I thought. And another raise to come...........I wonder if it will be above/below the price of the last one?
Can anyone advise/update - have By-Health completed any more studies since the last update? I seem to recall they had done a similar number last time. Still got 4 to go. When will these be complete? Also, I note that one of these studies is on animals.............does this study also require a further one on human before it can be passed? Lots of unanswered questions
Bella, interesting numbers, which i'm not going to dispute. But how do you account for their claims:
1. Fruitflow DSM Alliance Q1 2020 revenues substantially ahead of last year
2. The Company's Fruitflow+ Omega-3 dietary supplement business has seen continued growth in its subscriber base, with subscriber numbers on the www.fruitflowplus.com website now standing at a new all-time high level.
He has been back in the UK full time since January.
Based on my O/N’s and same multiplier my estimated sales:
H1 19/20 = Estimated £59,999 (Actual = £60,000)
H2 19/20 = Estimated £67,731 (Actual = £55,000) so actual is down by £12.7K
H1 20/21 = Estimated £34,496 (Actual ??? – is this going to be down too)
Feb20 = highest month @ 5991 Orders
Sep20 = 2724 Orders
Fundraising needed next 3 months.
No-one will get to see IF live on Zoom…ha ha I wondered how he was going to get out of that one.
Agree! This is just a bottom draw play with me but there is only so long of buring money and not driving the business forward anyone can take. Their problem to me is clear. They are still looking at themselves as a purely scientific company, let's do another study, look for patents etc. They badly need a bulldog business developer on the BoD. Someone who's going to drive the business side of things forward and actually make something of the good scientific work they have done. You can have the best product in the world but without the right business brain and credentials you ain't going to make any money from it. Its high time they move to the next chapter and move from being scientist to businessmen!
As expected. Same old and I recommend people read the finals for 2019 alongside 2020 to note the degree of copy and paste.
Main points of concern for me are:
Cash is £291k against £326k last year hence the advanced notice of the begging bowl.
They can't afford to pay for production of Fruitflow unless funds are raised. Maybe a pay cut might help.
Directors remuneration £308k against £214k last year. (The expensive and yet to make any difference eminent Doctor is another mouth to feed)
It's about time the BOD took a pay cut until such time as the Company is making enough money to justify their pay.
The BOD are also using Covid-19 to avoid having to face shareholders at the AGM.
I will be using my proxy to vote against ANY of the BOD who are ineffective IMO.
It's about time the shareholders with substantial holdings grew a pair and took action to sort this company out.
It's China or?...................
The AGM is set for the 30th October.
I don't think anyone can be impressed with today's results. It's the same old. My patience is now pretty much gone.
kicking the can down the road comes to mind. Pressure is on now, just about get away with "we are working on it" (blue cap / covid opportunities) for one year but if you still want your share holders to pay your salary then you had better deliver the year after.
Another lack laster results. Nothing exciting
No surprises ,nothing has changed and awaiting Samr approval !
Let’s hope by health release products before fund raise.
Like most football managers, after a period of time they lose the support of the players, fans it goes wrong, results aren’t acceptable.
The current board have been IMO poor during this pandemic.
Fruitflow information going back 11 years:-
https://www.google.co.uk/search?hl=en&tbm=isch&source=hp&biw=994&bih=606&ei=1OZvX7HxONyHjLsPl-6fiAY&q=Provexis+and+Fruitflow&oq=Provexis+and+Fruitflow&gs_lcp=CgNpbWcQDDoFCAAQsQM6CAgAELEDEIMBOgIIADoECAAQHjoECAAQGFDRDljLYmCDfWgAcAB4AIABSIgBjgqSAQIyMpgBAKABAaoBC2d3cy13aXotaW1n&sclient=img&ved=0ahUKEwixq9rfk4jsAhXcA2MBHRf3B2EQ4dUDCAc
The bashing brigade are out in force again! I normally take it as a good sign, let’s see where this goes. Fingers crossed for a very good update from the board for once!
Death by a thousand cuts aka A Provexis Shareholder.
Very narrow spread ,tightest it’s been for a while are the mm’s getting desperate !