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DP64, No it means the opposite. We (PXS) has the IP so its protected.
Odd one this. Another 50k in the bank ( compared to 1000k ) is neither here nor there, so it's almost as though someone wanted a few million shares but didn't want to pay full price in the open market ?I doubt Buck was the driver for this, but who knows.
BB
Of course not.
What on earth IF is doing here? Why he could not give that 1.6m share to DB in the first place?
Hi gixer,
So does it mean that the Japanese company could produce the fruitflow without paying any money to Provexis? If so that is not a good news then.
What is our good friend IF doing with two fund raise within a very short period of time? What on earth they raise £50k to give some shares to Dawson Buck? Why he could not participate in the first place. Is it a another scr**** up case.
MMs currently rolling dice to decide bid/ask
Think you should check your figures pumpky. They are way out.
You'd hope that would be the case, otherwise it's extremely amateurish getting their calculations wrong. And tbh it's a lot of effort to go to for £50k. Placings and RNS cost the company fees, so you really do question if it was worth it. Clearly not got the company's interests in mind though, just the Directors
Maybe we’ll get a SL holding RNS now
Welldisappointedasbreweryandp*ssupspringstomind
Could be gixer. I remember commenting after the original raise that they didn't tell us who they'd raised the funding with, or who got the discounted shares. I got some stick about it at the time. Of course, if there's more news incoming that we're not aware of yet, that could explain why the chairman would want some more cheap shares.
Only guessing but looks like an investor maybe missed out the last time or didn't get his full allocation for whatever reason and Buck has topped it up to a round number. BWTFDIK :)
That's my initial thought too Alf, but it still begs the question. Why didn't he participate the first time around? It's a lot of faffing about to accommodate him if he was just short of the readies. I don't suppose we'll ever know.
Looks to me like the main purpose was to include the director in the discounted placing. A sort of over subscription of the first placing.
If the funds are allowing a greatly increased production run, we can surely expect to see more market reach for Fruitflow +O3 in the near future. Growth of our highest margin in house range would be rewarding. IMHO
Perhaps the old boy missed out last time? Didn't have his wedge to hand? Him & his pals, say?
It is a strange one, indeed! Market doesn't seem too interested, fortunately.
Raise 1 million in December. For working capital. 2 months later raise 50k for working capital have you heard such rubbish from this professional outfit. Its a laughing stock.
It's a months wages for him;
Come on IF, give us a third. And a nice juicy one. Starting to feel like this is going to be a life changing year. And yes CB I have said that the last three years. Let's all be positive this year. Seems we finally have got a hold on this horrible covid-19. And I have put strong buy
And it was DB not IF. Got to take this as positive but a little strange. Two RNS alerts. Wife was not happy with my phone text alerts lol
Director buying ! can only be a good thing
Yes very strange. But a strong positive a director is buying 25% of them. Must admit my eyes were wide open when my RNS alert come. But we're still in a great position
For the grand sum of £50k. Are you for real? WTF is that all about?
3 other updates this year.
FRUIT EXTRACTS
2021-01-25
A COMPOSITION COMPRISING A TOMATO EXTRACT FOR PREVENTING SYSTEMIC INFLAMMATION
2021-02-17
WATER SOLUBLE TOMATO EXTRACT PROTECTS AGAINST ADVERSE EFFECTS OF AIR POLLUTION
2021-02-02
https://worldwide.espacenet.com/searchResults?submitted=true&locale=en_EP&DB=EPODOC&ST=advanced&TI=&AB=&PN=&AP=&PR=&PD=&PA=provexis&IN=&CPC=&IC=
Japan.
Use of tomato extract as an antihypertensive drug and method for producing water-soluble sugar-free tomato extract
We entered into an agreement to purchased the IP from Inven2 (Oslo Uni) on 13 August 2020 and by 17 Sept 2020 had applied for the patent in Japan.
https://patentscope.wipo.int/search/en/detail.jsf?docId=JP317327143&_cid=P22-KLBVQO-57692-1
You could buy only 2k for 0.85 then it jumped to 0.957. Those MM don't want to sell unless you pay a premium
Sorry Krusty, missed those. Spread is ridiculous again here so doesn't look like it's had a material effect, but shows it won't take much to really move this