The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
See what you mean HBD - I was under the impression TM and JR were on 150K and Parker on 56K .. how wrong I was ; 200K and 92K
So it would definitely be nice to know what they are doing day on day for that level of salary .... paid by 'you guessed it'
Silver - no one here can knock puma - we may all have been pizzed off with the way in which he worded his postings but he was spot on and many of us should have paid more attention to him - He has made his money here and is probably chasing the new money which will be RF's next funding deal
Credit where credit should be given .... good luck to him
PS : Our share price is up ; must be on the back of PCS's post whereby a change in the BOD (TM and SP) might be seen as a positive given their poor performance re:Consolidation and financing + delay, delay delay .. etc
Lets see what happens in the short term
GLALTHERS
Very well articulated post PCS - You can see from the 19 recommendations already that many on this BB are getting very restless with the BOD's attitude of late .. Science is their field of expertise, management unfortunately is not
GLALTHERS
Cobalt ..All we know is that there don't appear to be any issues emerging
BUT we don't actually know anything because they are radio silent !!!!!!!
If it has been going well and they are now analysing the data then they could put out a note to say "all has gone well, no issues and we are on track to deliver the data package in or around April (say))" .. that might help with confidence as would TM and JR buying some shares rather than just being satisfied with their options !!!!
But Hey-Ho; the science is Brill; Mafuta is happy with a declining SP as the volume is low and you are happy with a declining SP because you have full trust in a BOD where TM and JR are being paid for 40 hrs per week and are woking on what exactly ??? as the dev is done and we are awaiting news ; It most certainly is NOT PR/IR .. so maybe they are filling up their calendars with jollies to conferences, paid by .... I know , the shareholders
So in a nutshell I would like to know what is going on and what they are actually doing 40 hrs per week for their salaries
Mafuta .. what you write "I would only be concerned if a price drop was accompanied by high volumes" makes no sense as it implies you are happy for the SP to drop 5% per day on low volume, as it has done since the RF engagement/disaster, but at what SP do you become concerned (10p or 0p) .... I am a LTHER and I am already concerned, not only about PARKERs financial and managerial capabilities but also about the fact that he BOD seem not to have taken onboard the shocking state of their PR attitude etc etc
But hey-ho ; The science is great ; But at a SP of 10p, a 1000% T/O offer would only equate to £1 .... I am with Andy on his message RE:EGM ;
They use H rather than Q as it gives them longer between deadline failures ... FKIN Useless Management ... but the science is BRILL
Alan - there will be no more consolidations - The BOD do not want to lose their positions from a shareholder revolt and that really would be the final straw
I fear it may be even worse than that Potnak ... yes they are about to get another 300K tranche but if i am not wrong they have not yet fully sold down the initial 2 Million block at which point I fear they will be entitled to another very large chunk which we cannot properly calculate as we do not know at what prices they sold the original shares ... but this could be anywhere up to 500K shares extra IMHO .. which really would rub salt into our wounds;
Unfortunately I no longer have any confidence in PARKER ...
This always riles me when i see comments like 'Key executives given options to incentivise them to deliver shareholder value' .. Firstly that is why they are key executives in the first place and secondly, if they are to build shareholder value then why not indicate expected direction of SP to the market by taking their options at a price far higher than todays range ... as did GGP executives a few years back with a markup on the current SP by some 40%
..... greed , greed, greed .... Just expressing my personal dissatisfaction with what executives are allowed to get away with in all companies ....
Apologies if you feel this is negative .. this is just a personal topic which I always find frustrating
Agree with the question what are the board doing but after the AGM I do feel Parker is out of his depth in terms of financial negotiating abilities ... There are only 2 ways out of this disasterous financial mess and SP collapse - Either major news or a refinancing deal to replace RF ... but is Parker able to pull this off ? Not sure, but the SP collapse is a joke and irrelevant of the 'Science is excellent' stance, lower SP's do affect companies abilities at negotiating tables - Deals normally come in the 200-400% of current SP range; 1000% now only puts us back at £4 .... what a load of BOLUX !!!!
I am a VLTHER with a large holding but cannot say I am confident with either SParker orTM in their current positions
You must be close to that 3% threshold now Laura ... Here is hoping for some good news soon
Clarets - Simple Answer - He is paid to do so !!!
As are share4, box456 and semantic
We have to assume that the BOD are working behind the scenes to remedy this ...
Hopefully they are fully focused on trying to replace the RF funding disaster with a more suitable solution ..
Excellent science but P.Poor managerial skills IMHO ... Parker looked out of depth at the AGM when questioned on funding options ..
Lets hope they are near to dropping some good news .... This BS can only go on for so long ... Job security should not be taken as a given if this carries on month on month !!!!!!
Time to deliver
So almost 90% reduction in SP in 2.5 years ... I keep hearing trust the science but we also need to trust the management capabilities of our BOD ... and this says a lot !!!!
I am holding but cannot say I am happy with either TM's CEO performance or SP's Financial decisions
Fingers crossed we get news soon
Someone will need to wake them up first .. God knows how they are managing to fill their days at the moment with no more development work and all progress being undertaken by 3rd parties .....
Nm
The un-invested are once again showing up here .. We have had Porky and now as if by magic share4 is here ... lets see if semantic and box456 make guest appearances
Why are they here if not invested ? Only answer is PAID to convince you to panic sell
DYOR and make up your own minds - don't listen to rampers or derampers
I have a +ve feeling about PYC and am invested ... but am not about to give advice as none of us have a clue what is happening behind closed doors
BUT why would the UNINVESTED continually frequent this board to spout negativity ... it seems obvious to me !!!
News was expected in December - I personally believe this re-organisation will be followed by several news updates through the next few weeks ... nice positive move to put a proven person as CEO at the helm ... Hopefully Sareum will make a similar position as they have a weak managerial CEO in place currently
Good times to come here in my opinion
An alternative funding route to reverse the RF Effect ....
That was short lived .... sub 1p now ; double ARRGHHHHH!!!!