The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Yes in the same situation & topped up at 1.6, good to see the restructuring is making a positive impact, gla
Have been left with a rump of 25000 shares for some time here showing a loss but have made money in the past at several times current SP. Can't help but be impressed by recent buying and SP trend following recent announcements and have topped up 45k at the close. Hope does better than my last investment (PFD)!!
and there she goes! nice rise here!
Now with funding back to 5/6 pence.
Restructuring under way....well worth watching now IMHO.
Mike was clearly much younger than most of the other members of the board who have, I think, lived a fairly cloistered life, I know if I had been Mike, who had no doubt studied modern management theory, I would have been seriously upset had my concerns not been taken seriously. This is of course only one possible scenario; as for your second question that is really one for the AGM
Why do you think he might have left due to frustration? Was he pushed or did he jump?
If Mike resigned simply because he had a much higher pay offer then I think we can accept his departiure wothout too much concern; if he left because of frustration, then perhaps we have a real problem with the board who do not seem to be fulfilling their function satisfactorily.
Not looking good when the CFO quits, consolidation - placing - dilution - restructure, then a massive short attack - classic aim turkey shoot developing here.
.The Board of Surgical Innovations announces that on 5 November 2014, Mike Thornton served notice of his intention to resign as Chief Financial Officer of the Company. Mr Thornton will continue to carry out his existing duties during his nine month notice period, which can be terminated earlier by mutual agreement.
seems so..perhaps recap/v heavy dilution
time to go sub 1p
if nothing else 1.60/62? ...not convinced that we will see sub 1p...might be terrific bargain down there ...already close to tnw, and not sure trading update was so awful ...lots of non cash or one off costs...and the new focus on cash generation is late but welcome ...(maybe I am being too Jolly)
would that be an option. if so would it succeed?
not looking good
As previously notified, the Board expects that the Company will report a significant loss before tax for the full year. Against this backdrop, short-term working capital funding and cash generation remains the Board's key priority and further updates will be provided to shareholders as appropriate.
Meant to write sorry guys... GLA...
Sorry Guys... A very promising Rns.. GLA
Define "high"
Surgical Innovations expected to start trading very high tomorrow morning.Watch this closely!!
change
Are you not fond of Doug?
Very sad imo, Mike seems a very nice young man and I wish him well but obviously he will be heavily dependant on the Chairman. It seems to me strange that the board of this company don't seem to realize that a sig.nificant part of their problem is their reluctance to pay a dividend. I only hope they are not eqully short sighted with their employees!
yes...yr probably right
Surgical Innovations has swung to an H1 pretax loss of £3.2m, from a profit of £0.57m. Revenue was £1.8m, from £3.9m.