We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I think most of us are in agreement the Co needs new blood! From near 100p to less than 1/2p needs explaining although Rencken can only be held responsible for the last downward leg from c.30p. If this has been stage managed by you know who surely the first thing you would do is have a CEO ready to take over? Hell W has had enough time to sort this out. ...if he's bothered of course! With a lot less at stake here than in some of his others, NW BIO for example, perhaps he won't be giving Sphere his full attention. It's a chunk of change but not in the hundreds of millions! As Napoleon said "I would rather have a General who was lucky than good." The 'good' doctor may have been well qualified but he sure wasn't lucky and unless business has taken off since the H/Y he should walk the plank. Now that we have reverted back to a research and development Co even if for the short term, do we need a highly paid CEO costing us a small fortune? W needs to get us into the beauty parade. We have done Miss UK now it's Miss World. We know what happens to runners up....we never hear of them again.
Supposedly Trouton was a co-founder but he was never on the board so I guess a back room boy/techie. Perhaps had he been elevated to the board he would have survived along with the rest of the hordes of BoD members. Who knows? Best Sphere is shot of him making way for new blood. Next get rid of the CEO and half the BoD and the co might stand a chance. I still hold a few shares and it would be great if one day they realised their potentisl,
Great slip! Nads so much more appropriate than neds! Trout on was VP business development. No business developed in 10’years - I expect he was pushed and rightly so.
Dr Troughton was a co founder of Sphere along with Dr Hendry so whether he jumped ship or took the can as VP business development (mainly chemical sensors) for the CEO we can only guess. He may have course profoundly disagreed with leaving the quoted markets and saw the writing on the wall. Incidentally the three NAD's are costing us in excess of £100k a year or were in 2016....
Only that the website has several removed names and pictures, Trouton is no longer there but they haven’t removed any of the BoD or useless CEO.
How sure are you WB that those responsible for this debacle still retain their positions? A necessary 30% reduction in the wage bill won't be achieved by making redundant low to mid level employees. If you are correct this adds to my belief that our move to the private sector was orchestrated by those in the know, for if not surely the old bod would be long gone by now if for no other reason than rewarding failure. Of course were not party to bod discussions or Woodford's intentions but it sure doesn't look or smell right to me! Mind you if they announce 25 hospitals have signed up/placed orders for P I might change my mind......
I meant doers but diets is probably what the skeleton staff are on now. The bid probably outnumber them!
.. who oversaw the destruction are ALL still there! Surely, the co needs diets not blind, incompetents?
Looks like emoyees have bitten the dust, but the CEO and board, who
Wonder whether our mrkt cap is worth more than the the bods annual salaries? Leaving the SM our value was just over £500K and outside of going to the knackers yard must rate as one of the biggest destructions of capital ever (funds poured in c £75m+) for zero gain in value. Mind you our balance sheet showed shareholder funds just short of £7m or c.5 pps made up mostly of non current assets (goodwill, patents etc..). That's a large discrepancy but as we know the Sphere market never focussed on the fundamentals preferring to see the lack of progress as a fatal flaw despite the obvious improvements (CE, production, distribution & sales). I never bought into that doomsday scenario believing that value will out eventually. Well, eventually is now upon us!
Thanx for that Del but I'm not sure I'm any the wiser.
Salary �40,000 Sphere Medical is a dynamic company based in Cambridge UK, specialising in the development of innovative medical monitoring and diagnostic equipment. The Company�s strategy is focused on developing its flagship product, the Proxima platform for on-patient, near real-time measurement of key blood analytes (gases, electrolytes, metabolites�). Proxima is designed to benefit a wide spectrum of patients, enabling faster decision making and improved clinical outcomes, whilst reducing cost. The Company has established partnerships with renowned research hospitals enabling the on-patient use of the current generation of Proxima (CE-marked device) in the OR and the ICU, and is as a result generating a wealth of invaluable real-world data. In-house testing adds to this volume of data, including that from the next generation Proxima with a clear path towards automated operation and a greatly expanded analyte panel. We are looking for a Senior Data Analysis and Algorithms Engineer, to join the Sensor and Algorithm Development Group. The role is varied, and its scope may be adapted to play to the strengths of the successful applicant, but shall encompass two core areas. Firstly the maintenance and development of the data infrastructure, processing tools and databases to aid R&D. Secondly the development of new algorithms to enhance the performance and capabilities of the current and future versions of Proxima. Working at Sphere Medical represents the opportunity to experience first-hand the complete cycle of medical device development from initial concept generation through to regulatory approval and roll-out. As such the Company provides an environment which tests its employees whilst expanding their skillsets.
Anyone know what a Senior Data & Analysis Engineer does? Some sort of computer software geek I assume.
When lactate is added that will be 14 analyte panels P can perform. Glucose alone improved the space fourfold. With lactate added this will expand the addressable Healthcare parameters once more. For instance patient monitoring in other parts of the hospital such as care for the elderly, chronic diseases and sepsis. These combined will boost P's use dramatically as these in total are much larger than Critical Care arena. Pretty sure this is a matter of some urgency for Sphere, increasing the volume of patient connections will boost Proximas leverage in Healthcare throughout hospital departments. For all we know this might already be up and running.
Bloody hell!!......
John It was on my watch list two weeks ago when the price crashed. Could have bought for sub 50p. However still cannot access funds because of slow-moving Smart Investor !
Not sure about that....we (Wales) knock on open doors unfortunately Palace by pass them! With all your stocks rugs.....check you haven't missed JOG. Heh heh heh!!
Wonder how much of the 106.3m CPS was taken up as W & E did not participate? An extra £3m not to be sniffed at as this could be nearly 12 months funding of costs. If OCD are still with us would they have invested? My bet is no. So if W can get monthly outgoings (I'm factoring in no incomings) to £250-300k pm or less over (40 headcount) with very careful cash conservation we might last until end 2018, then extending as revenues start coming in assuming they are still interested in supplying hospitals here and abroad.
Wales looked like Palace in disguise.....shot shy and hoping for a draw at best
Not for me it weren't!
Now that was quite satisfying.....:-)
They held 3% of 141 million shares....not now..
Woodford & the Wales LS Fund own 77%. If as Del suggests OCD are still on the register with c 3% then pis & others hold c 90m or 20% pre close today of second/delayed CPS offering.
Sorry the motif post is on Advfn Genel board....don't know why?
You might like to check Motif Bio post on advfn site....