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Surely that would totally depend on the contents of the RNS ?

My own instinct is that there are other negotiations ongoing.

I stress that I KNOW no more than anyone else.

Well I'm waiting like a tranquilised bloodhound.

These things always test our patience, and the shortsters take advantage, but they have to be precise, so much hangs on this one

Be practical Bricksy. They've made a great long 'ole, they've successfully perforated the 'ole with a load more 'oles. Then they've wanged a humungous pile of water and sand up all the 'oles. The water gets a return ticket, the sand stays put. We hope the water is flowing back at good pressure, aided by the push of oil and gas. Only when that's complete can Max give us news. Not until.

Yep, let's see. If there is a single RNS lifting suspension and publishing (already known) results, and nothing else, I'll be the first to acknowledge.

Not on the current information we have IMHO

Delays due to auditor changes are not that unusual.

Various outcomes much more likely

I really don't think we can infer underhand tactics. Rather big companies bullying small ones, that does happen continually.

The scenario "This is too big for you to fund, here's an offer, take it or struggle" is a real risk at this stage IMHO.

Obviously I hope not.

Might be going down a rabbit hole with this thought, but this will be the first time that Provexis dealt with the ordering without DSM involvement. I would guess that DSM would have considerable clout with the supplier,, so interrupting our supplies would leave us open to the stress we are currently suffering. Followed by a low ball offer?

Who else thinks that we may get more announcements than the resumption of trading following the restoration of stocks? Or is it just me?

It's the most logical explanation. It's not for liquidity reasons, the update stated that there were cash reserves, and that the new production would be paid from that source. It also explained the difficulties with stock of Fruitflow, protracted delivery times, and the assumption that new stock would arrive, and orders be fulfilled, mid October. If the factory has not met that stated delivery time, there's little Provexis can do about it.

Worrying.

Is this the resigned director disposing of his holding?

Would be good if some of the other directors stepped in with a show of confidence.

The auditor change should present no issue for getting the results out on time IMHO. Really small job. The running out of stock to sell, the production of new stock being delayed, and the resultant effect of having nothing to trade with, is much more important. Are they waiting to announce that stock levels are restored, and orders fulfilled? Hope it's not too much longer.

Think you are failing to appreciate that they took some market from the demise, or near demise, of their two main national retailers. The whole market has fallen, and they face a monopoly difficulty if the creaking gate competitor vanishes.

The online fire only burns margins.

If you believe that, I've got a bridge to sell you.

Market for retail non essentials will be tough post Budget, If the Guv pick pockets, there's less for consumers to spend. Interst rates will not go down, could well go up.

Not good

That would be the best possible scenario of course.

The statement that more productions could be demanded is a first, it suggests knowledge of increased and sustained demand. Vital that Provexis has the reputation of being a reliable, on demand, supplier of the product. If brands are uptaking and promoting, they must have full confidence in the supply chain. That's why I think that the urge to keep dilution down may be in conflict with the commercial image. Obviously that is an interpretation, I know no more than anyone else.

That's a dang fool thing to say. The only person with contacts with every part of the company from the inventor to the final customer. How the heck would you replace that.

I despair !

I just re read the results RNS. It does seem that the near future should be much busier, I can't see how this can be anything but good news. When announced, I hope that Ian will put a bit more flesh on the bones of what we've been told, especially why one more fund raising wasn't executed when it's what we've been expecting for a long long time. If productions are going to become more regular it would be good to have funding available to cover it with ease.

Looks like normal delivery of Fruitflowplus orders is ongoing. Both of mine just despatched.

Is that just your opinion, or can you present any actual evidence in support of that claim?

OK, so which part of my assumptions don't fit the known facts?

Looked at coolly, your wish for a penny could be a distant dream in either direction as things stand. If the practical stock matters are resolved, and By Health chime in with big demand, happy days. If not, oh dear.

Just the way I see it, all bit too knife edgy for a while now.

Far more complex than that though, isn't it.

The old auditor was faced with a company with cash, but no stock. The manufacturer had obviously caused an out of stock situation, so, although the company had adequate funds, the lack of material to trade with created a conflict regarding the going concern. Hence a new auditor and a delay. Is it a delay so that numbers can be crunched, or are they only waiting for the stock to be produced. If that happens, and the stock is paid for, and there are pending orders to fill, the a going concern is appropriate IMHO

I know some of that is reading between lines, but to lay blame without knowledge is harsh.

As ever, no ability to read the facts in the RNS, only the same diatribe from a serial loser who sold and crystalised losses.

If the near future sales are accurate, and if the expectation to have to buy another production within 12 months, are a fair and honest representation of the outlook, then this period is a brief blip. However, it has to be recognised that the stability of the producer is vital, and does represent a hazard. Our weakness of being a smaller scale customer is a concern