The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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10 pence I see. Incredible all things considered
Don't think they are allowed to buy or sell now until after the merger. Remember reading that somewhere in that 26 page monster.
to see another 500k buy shortly... as it always seems to get pushed back, from a good news rise, prior to one appearing? Still bored to my back teeth waiting for something of real substance... mind you, probably taking an age to remove CC's wallet from the pipeline, which he dropped down there a while back, just to ensure, it doesnt take off just yet !!!
Personally I think the name change is part of this to shake off the rxp stigma and reset the clock in a fickle market. Time will tell but I hope it plays out well
I think it's clear that the debt conversion that will occur as part of the merger was for a number of reasons. 1. The CEO wants to convert his shares at that price, he thinks it's a good deal. 2. The conversion makes sense for the company as it avoids a requirement to pay back a significant amount of cash that can instead be spent on exploration. Please be aware that the CEO could have been much more difficult with his debt provision over the last five years. 3. It's cleans up the balance sheet to allow money from institutional investors to come in. It's clear from what the prospectus says and the interview Clive gave that the company plans on going to institutional money to accelerate the development of the BNG field and this clears up the story in terms of use of proceeds. 4. The company requires more cash to accelerate the field - that much is clear. This takes away a short term funding need that would otherwise have to come form outside new money. Once the conversion occurs I wouldn't be surprised to see the pace of development and news flow accelerate. I think this is clearly been a slow burn on the deeps and not the short term success we had all hoped for but hopefully we are coming around the corner on this now. The company has exciting prospects, is debt free and is positioning itself to become much larger with institutional investment followed on by hopefully drilling success and a good rise in the share price.
E1...Finance ehh. ...Small world . .. taking 10 mill at 7.4p a share is cheap money.... He us already contracted to give it if the company so desires, he is the main man so can tell them the they should take it now .... so convert the loan ...then the newly issued share capital is quantifiable for a farm in partner or sell off which we will need to fully develop the fields . .financial health is relative in o & g plays ...Roxi is struggling by .... but we all know this will need funding more than our BOD can stretch to .even if the pie monster chips in a fiver.
From what I can see the last three years have been distinctly average for our resident stellar performer.
Because he is the company, from a shareholding point of view, and it is no skin from the companies nose if the share rises or they have opted for debt versus equity or vice Versa. One major thing is that they have funding without a regular cash outflow which will allow more operational cash for development. Not sure what you are actually talking about. As a lender he would have prior rights as on a loan but versus shares upside is far better but downside is nothing - there has been no mention of a different class of share at anything akin. Do you have other thoughts? The one major thing at the back of my mind is if BNG turns out to be folly this will turn out to be major dilution by the back door.
Why would the company do that if their prospects were so good. Makes no sense whatsoever. DISCUSS
Another way to look at e1 is that someone in the know thinks their ten million will make them more as shares in roxi than as clns. Discuss
Badge I specialise in Finance. Throughout my stellar 25-year investment banking career I've not encountered much use for foreign languages when deciding which companies to invest in and which ones to avoid.
Discuss it yourself, preferably somewhere other than here. We are all bored with your constant posting.
Anyone else think it's strange that the company decided to dilute the existing shareholders by 9% just to avoid having to pay back 10m USD in 2018. The analogy would be someone with 5 credit cards consolidating all their debt to 1 - you don't tend to do that when you have financial health. DISCUSS
When you have integrity, you ten to know how to converse with others in proper English,money I have got, that is why I can wait on Clive to make is next move,big up,big up ,the man Clive.
I'll take that as one then. So Georgic hopefully wins with 1 and a half:)
My dad used to play it all the time when I was growing up. Think it must have been a subliminal message inspiring me to accumulate.
So eloquently put .... so true for then an now....
Money, get away Get a good job with more pay and you're okay Money, it's a gas Grab that cash with both hands and make a stash New car, caviar, four star daydream Think I'll buy me a football team Money, get back I'm all right Jack keep your hands off of my stack Money, it's a hit Don't give me that do goody good bullshit I'm in the high-fidelity first class traveling set And I think I need a Lear jet Money, it's a crime Share it fairly but don't take a slice of my pie Money, so they say Is the root of all evil today But if you ask for payrise it's no surprise That they're giving none away Away, away, way Away, away, away
Can you speak?
You just get of Clive back and disappear.
Georgic in English next time please.
We who have being with roxi when share the price much higher than what is today, where most you when roxi came an to the stock market many years a go,how can you lot call Clive , you the new supporters of roxi, buy the who has made a lot money call clive,just be calm and wait for June 2018.
And when April 2018 comes along it will be June 2019 --- and I think you get the rest...
georgic, Hear! Hear!
There is so much nonesence about Roxi on this board some times , all of us are here to make money, so why don,t we just leave Clive alone to do is job, so that all of us who have laid out good money on roxi, may wait on Clive to deliver the dash for us.