The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
With regard to yesterday I feel although the presentation was good they basically have shot themselves in the foot by announcing a strategic review. They realistically should have done the review before the results, there was no need to announce it, by doing that yesterday they're basically saying they can't get a deal based on the present credentials because any companies they have been in consultation with have deemed Phase 3 costs too expensive.
The positives are the cash which they have but the negatives are that how long will the review take? It's very amiss of Tovey to not give shareholders a timeline, that is a red flag. Not investable at the present, maybe when the review is done and we know further.
I was hoping a rabbit could be pulled out of the big top hat but all that came out were some promissory notes for 2025.
When CT was appointed he was revered as the new Paul Daniels, well the school report has just come out and the headmaster has noted what he has produced, the answer being "not a lot"
As in the case of Neil Woodford the former now disgraced fund manager who was the darling of the stock market, past success is no guarantee of future glory. I am sure CT is probably just as unhappy as the pi's but the big promises are just that at the moment. We all know money is in short supply for bio's so a company has to produce something startling to gain traction. Dest has a lot going for it but it needs more meat on the bones to get that elusive deal, that'll take much longer, the market doesn't like waiting, that's why they are where they are with the sp.
My earlier post on 15th April has proved me right, more kicking of the can, cannot get a deal that satisfies the company, nearly two years now! CT may be happy with the progress but his appointment hasn't exactly been a light bulb moment.
"That was before that terrible rns. Everybody had high hopes the back end of last year then JW sold and all hell broke loose. CT released that rns which compounded the issue and it's been downhill ever since. Most people inc me expected a deal at the latest Jan '24 but because the rns stated that phase 2 trial might have to be done again people started to be scared and started to sell. CT has not done anything to address people's worries, that says to me the discussions with the companies with a view to a good deal is not forthcoming.
If in the eventuality Dest has to go it alone for the phase 3 trial then a large fund raise will be necessary, that is why the sp is where it is.
They say no news is good news but in this case it's the reverse. Most people's stop losses have been taken out inc mine at 32p which I have stated. If good news happens then I will be back, we all await the update next week to see where the land lies but I fear it will be more kicking the can down the road with promises of a future deal. The market will not like that and the sp could drop further to around 10p. My views which I have said before are that Dest could go private or go on the Nasdaq. To drop from 80p down to this level shows a lack of communication from the board to address people's concerns.
When CT was appointed with Sir Nigel coming back as well everyone thought it was a slam dunk but unfortunately it hasn't worked out as yet and my fear is it won't. GL all, alamo🤘😎"
That was before that terrible rns. Everybody had high hopes the back end of last year then JW sold and all hell broke loose. CT released that rns which compounded the issue and it's been downhill ever since. Most people inc me expected a deal at the latest Jan '24 but because the rns stated that phase 2 trial might have to be done again people started to be scared and started to sell. CT has not done anything to address people's worries, that says to me the discussions with the companies with a view to a good deal is not forthcoming.
If in the eventuality Dest has to go it alone for the phase 3 trial then a large fund raise will be necessary, that is why the sp is where it is.
They say no news is good news but in this case it's the reverse. Most people's stop losses have been taken out inc mine at 32p which I have stated. If good news happens then I will be back, we all await the update next week to see where the land lies but I fear it will be more kicking the can down the road with promises of a future deal. The market will not like that and the sp could drop further to around 10p. My views which I have said before are that Dest could go private or go on the Nasdaq. To drop from 80p down to this level shows a lack of communication from the board to address people's concerns.
When CT was appointed with Sir Nigel coming back as well everyone thought it was a slam dunk but unfortunately it hasn't worked out as yet and my fear is it won't. GL all, alamo🤘😎
Posted on May 9th, 2019 By African Business:
"Helium One, in fact, are moving relatively quickly towards production after the pre-exploration phase was aided by extensive seismic data collected as a result of drilling by US oil company Amoco who came through the Rukwa basin in the 1980s looking for oil or gas."
U.S. Application No. 17/133,448
Title: METHOD OF ELIMINATING HEMATOPOIETIC STEM CELLS/HEMATOPOIETIC
PROGENITORS (HSC/HP) IN A PATIENT USING BI-SPECIFIC ANTIBODIES
Applicant: HEMOGENYX LLC
Inventor: Vladislav Sandler
Issued as U.S. Patent No. 11,945,866 on April 2, 2024.
For people who don't know Brooko19 this is what he posted on 21st Dec last year:
"RE: CT.......21 Dec 2023 15:38
Couldn’t agree more, I believe it was obvious that a deal wouldn’t be till Jan/Feb so if people want to sell now they’ll be regretting it in the new year. Presenting a great opportunity for people to take advantage of the drop GLA"
This was his view when the sp was 68p, it had dropped from 81p three days earlier. Since then it has continued to drop mainly due to further phase 2 trials required. He continues to ridicule me because I sold here at a higher price. I have explained my reasons but his reasoning doesn't stand up to scrutiny as he is well under water here. I bought into Hemo because of the Cart-t trials, I knew that a raise was going to happen so went in with eyes wide open. Brooko19 is trying to justify his holding here and his loss by criticising me at every opportunity. I have also explained why I sold here and when better news comes round I will buy back. Unfortunately at the moment this share is a gamble re the fast falling sp, never get attached to a share no matter how much you have invested. Obviously my reasoning fell on deaf ears to Brooko19, he will still keep criticising me no matter what. C4XD today announced a decision to go private, Dest could go down that route. Sajy has posted a rumour earlier, that is just a post to gain traction, it's simply not true, if you fall for that then you must be crackers.
The next update with results will tell us more here, I fully expect a raise will be forthcoming.
Talk of the Devil and he appears, you must be following me Brooko to know when I post as you haven't posted since as couple of weeks ago. I'm happy with my buy at Hemo as Cart-T trials are about to start. Yes they needed a raise and the price dropped but am more confident there than here when I sold as look at Dest's sp now! It's going to be a longer game here and they'll need to fund raise before Sept. I have said I'll be back here when better news happens. As yet CT hasn't managed to secure a deal so I guess people are selling because of that, money is in short supply. My guess is that a raise will come soon and only those in the know will find out the day.
Are you still happy to hold Brooko as you said the fundamentals are sound? I dare to suggest that something is going on which the small pi's are not privileged to.
"Finally, my attention has been drawn to Thruvision (THRU on AIM). It has developed and now installed machinery which assesses whether employees of (say) Amazon are seeking to steal their employer’s goods. The shares stand at about 20p and are fully supported by cash. THRU is a very low-capitalised company.
However, it seems that the US border force will adopt this kit and, if so, regardless of who wins the US presidential election, THRU could harvest a bonanza. There does not seem to be much downside and the upside could be sensational"
It's not just menopausal women who lack vitamins, I regularly take it in the autumn/winter months as sunlight is lacking. I love chocolate but I eat the right chocolate, at least 50% cocoa solids, preferably 70%. Any of this Cadbury/Thornton rubbish is awful! favourite atm is Sainsbury's 55% Peruvian dark.
Getting back to these self tests, I would never buy one myself and I am in my 60's. I have a good rapport where I live in Hampshire with the doctors and hospital at Guildford so any problems with health and it gets sorted quickly. I appreciate many others are not so lucky. Perhaps if National Insurance was stopped and we all had to put money aside to pay for a doctor then things would improve with waiting lists etc.
I know the situation in France is so much better, no NI contributions, you just pay into a plan every month and when you need a doctor you get an appointment the same day,much better system.🙂🤘