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Look out for a 555555 trade later
They were my trades. It helps getting them through. And yes it was me who did it before several times. Trying to catch up with wellsite.
Will it?
Quirky way to do it then.
Someone a fair while ago was telling us they were buying in this manner, can't remember who.
Not that it matters, a few buys are welcome while we all ponder the financing requirement. personally, I wish we had just got it done when first informed, the dust would have well and truly settled by now, and we'd know funding was no longer an imponderable.
Will be new year tranfers
typo. Omit the first 4, should have read 111,111
All around the same minute, trades of 1114,111-222,222-333,333-444,444 across both platforms
All appear to be buys.
Make of that what you will.
No mention of fact PXS now carries the Receivable...
Everhopeful
I think that's harsh on Ford. Yes, he's been well paid over the years, but I doubt he can afford to take a major haircut on salary until our cashflow is positive so, even though that might be the case in other companies, it's not generally realistic.
We're invested in a loss making AIM company in the hope of a large turnaround in the finances and/or a sale. Under those circumstances, there's no point in feeling sorry for ourselves. If we think it's ****e, then we should be looking for a better option elsewhere, or just suck it up.
First world problems etc
BB
https://epaper.sangbadpratidin.in/epaper/edition/3432/sangbad-pratidin-04-04-23/page/7
Thanks:
Yes,
From the annual report.
"The Board would like to thank the Company’s small team of sales, marketing, e-commerce, PR and scientific
consultants for their professionalism, enthusiasm and dedication in driving the business forward over the last
year. The Company would also like to thank its key professional advisers for their valuable help and support."
Have Pxs got a sales and marketing team?
Thanks for posting Boring Bernie , always worth reading.
TRP BODs take no salary since that Co is a duff at finding oil , PXS should be the same , until we have a decent profit IF should stop raiding the till , he is useless. With salary and options, he has had a bout £2 Mn out of PXS. I just can't sell at a 50% loss , I'd rather lose the lot. So fingers crossed for a miracle.
Once they have the forecast, do you think they will share it?
Interesting that this write up also points out that” renewed interest from a truly global “. Provexis PLC - Reading, England-based producer of heart-health functional food ingredient Fruitflow - Updates on its capital structure and funding. Expects the group will need to raise further equity finance, or potentially new loan finance, in the coming months. Based on success of previous fund raising and the current performance of the business, continues to have a reasonable expectation of raising sufficient additional equity capital or new loan finance. Highlights renewed interest for Fruitflow. Committed to buy more than GBP550,000 of inventory from DSM. In direct contact with more than 50 actual and prospective Fruitflow customers and is seeking to ascertain the likely demand for the next 12 months and beyond, with particular regard to the best before dates of DSM's remaining inventory. In talks with DSM regarding extending initial inventory handover period. In talks with third party who may be able to hold inventory on a consignment basis.
I know we will eventually know the end of year results, but we may not get clarity over what order come in during Feb/March, then April, May etc. We'll never fully understand the cashflow at this point in time.
Don't agree Bern. Gixer, DrH and sphinx are kind enough to share product info that they've taken the time to unearth.
Me, I just talk about it from a business perspective, which I do have a fair bit of experience in.
But hey, **** away, knock yourself out.
Dr H
Re "We'll never know".
Well, we won't know the net cash position at the end of April, but the position at the end of March will be published, which, apart from the payment for this months delivery, won't be massively different.
Alf
The overwhelming majority of stuff posted on this board, including yours, is pointless, I'm just trying to fit in :)
BB
Don't really see the point of analysing financials by using assumptions and projections based on zero information.
We've all known about the financing probability since the last update, it's held back buying, and will continue to do so until resolved. I totally get where they're coming from when they say they want to avoid dilution, but the company has to be adequately resourced to deal with what we all hope is a very sharp upturn of demand when By Health get going.
Dr H, I've seen your profit predictions. Wish I could be in agreement with you, but I can't, not until a full blown national launch in China supported by full regulatory approval. Short term, I can see impairment of stock value if it isn't turned over in quick order. I'll admit that's reading between the lines, and I'm more than happy to be wrong.
We’ll never know.
Dr H
My back of a *** packet calculations suggest that after we've paid DSM in April we'll have between 100 and 300k net cash
Workings out :-
Net cash at end of September 2022 : 744k
Cash flow outflow / month at that time : ~30k
So, to maintain the status quo, to end of April 2023 that'd be, say, 515k, plus or minus, say, 50k, so between 465 and 565k
Cost of Fruitflow from DSM is 550k Euros, so about 480k
Income from Fruitflow as an ingredient, maybe between 100 and 250k ?
So, extra ( negative ) cash flow between 230 and 380k, giving ( hopefully ) worst case scenario of just under 100k net cash ( 465 - 380 = 85k ) or best case scenario of ( 565 - 230 = 335k )
Obviously that's all guesswork, which'll annoy some, but I think a fund raise is now the most likely option. There's no reason to believe that a fund raise wouldn't be successful, quite the opposite, but plainly there's still a degree of uncertainity, hence, presumably, the price being dropped
BB
Truly global businesses are the new dangling carrot. We'll be hearing that phrase for the next 7 years. Damn it! I want my £6m profit.
To be honest, they have been saying all along that they may need funding. But let's hope that "the Company will receive incoming funds from further sales of the Company's existing Fruitflow inventory" is enough to keep them going without the need for additional funds. Perhaps that is part of the strategy, orders coming in from start of new FY. Just hoping!
Unless they are delayed or going through somewhere else, I cannot see why it’s dropped 20%!
This company is a very annoying hold! Whether it’s manipulation or whether it’s the real lack of something solid from this company, probably both.
I like this bit ......”These announcements have helped to generate renewed interest from prospective customers for Fruitflow which are part of truly global businesses.”. Note the “renewed interest”. Now which truly global players had a lot of interest 10 or more years ago !!!
Well thats gone well-10 years in PXS with ramping and deramping and its still a money earner for directors but not shareholders. Hey Ho!!