Member Info for colbaltblue

For a company whose future is wholly dependent on China, my point was totally valid. That you chose to personalise it(as usual) says more about you than me.

No, there is never an update from Provexis. They are hopeless at communication and just about everything else really. At a time when the Chinese may be turning away from their more "exotic" eating habits, a timely comment might have been made. The guy running this is not fit for purpose IMO.

This Company has released no news in 2020. Bearing in mind that its future depends heavily(IMO) on the development of products in China, I would have thought that an update on the effects of Covid-19 on submissions etc, should have been released by now. Communicaton remains as poor as always.

Are they still drawing their greedy salaries? Soon be signing up for Universal Credit I hope.

Apart from the environment clearing up a bit, another silver lining to the current very dark cloud of COVID-19 is that the Chinese seem to be reviewing some of their more exotic eating habits, which is good news for the endangered species of the world. If the Chinese State decides that the people will no longer be allowed to eat stewed bat etc etc, then there will be no exceptions and the industry will collapse. Perhaps this holds out some hope for our proposed Chinese adventure in that taking Fruitflow will probably help with ED more so than powdered keratin(otherwise known as Rhino Horn)

If all the pubs and clubs are closed, there will be fewer drunken, beaten up idiots in A&E on Friday & Saturday nights so this will free up resources. The average city centre, at night on a weekend, is a no-go area for most people so a bit of welcome relief from the morons. Every cloud etc. I"ll drink to that (at home).

in a few weeks time. Very very tempted but have an appalling record on timing. Perhaps a no-brainer at 25p? Most people (thankfully) will have a minor illness and recover. This is not Spanish Influenza nor the Black Death. It will pass but a load of sel-inflicted damage will have occurred.

Fred, you make some valid points but we seem to be debating over whether to buy yet another scratch card in the hope that this will be the winner. The problem as I see it is that the BOD have nothing to offer to give us some hope. No talks, no deals and no income. They have destroyed trust and raided the cupboard. There is zero goodwill towards two people in particular. Sometimes it's just over. It was with Alizyme and ABH but those outfits failed due to lack of finance rather than incompetence.

Drac, no you're not. I see this as a cynical exercise to prolong lifestyles. The arrogance is breathtaking relying on punters having one more throw of the dice in desperation.

IMO the Company is likely to fail and I will be voting against consolidation and voting to remove the two Ronnies (if that meeting goes ahead) They have offered no solutions and none of their own money in the shape of a salary holiday or a cash injection therefore, it follows, that they have no confidence in the future of the Company. Think about it. This project has been funded by us gullible naive paymasters.

I would like to think that professional reputations have been dented. That's the main damage that I hope this debacle will inflict on them.
I suspect they have plenty of assets anyway. It's a pity they didn't believe in their own company a bit more to the extent of a salary holiday or personal investment.

I've read most of the posts today and there seems to be much obfuscation. The Company has run out of money and insolvent. A copy & paste RNS has reiterated that, if the resolutions are not supported, the games up. The BOD have offered no light at the end of the tunnel and no one is interested in what they have to offer. Two of the board are disliked immensely by shareholders and probably the feeling is reciprocated. So, plan A ( which was heartily rejected) is the only plan in town. It's curtains folks (but why is Fred investing, although his track record of choosing Dogs is second to none!) Company is in the end -stages of existence IMO.

I will be but I have a feeling this is what the BOD want.

This RNS shows an arrogance that is breathtaking. There is obviously a plan to let the Company fail and than take the IP private. If they had any faith in Valirx, they would have foregone their salaries or put their hands in their pockets.

All because the Chinese have a penchant for eating the most disgusting things.

Is this load of tihs turning into the same load of tihs as Valirix? Sareum has been a complete disaster especially in their choice of Licencee.

I would also like to think that certain shareholders invested here will follow the forthcoming events very carefully to ensure the BOD don't find a sneaky way out of the mess of their own making. This will require a good knowledge of the Companies Act as it applies to this case. It would be a travesty and an insult to those who have put their time and effort into exposing the shenanigans of the BOD, if the people responsible for the situation, simply got away with it as part of a master plan to get rid of the "secondhand" shareholders.

Good to see AIM shareholders with balls for a change. Looks like the trough has run dry for the leeches.

It is cursed. 10 years and no commercial interest. Look back through the reports to see how we have been led on by fallacies.

Can they not buy the IP etc from a fireside sale. I am not familiar with the complications of buying assets from a Company in administration(if this does occur) but I have seen this happen on two occasions. To the best of my memory and IMO without being 100%, I think the two were Alizyme and ABH a few years back. I'm not saying that the same will happen here. My point is that there always seems to be somebody in the wings in these situations and very often they are familiar faces! All IMO and without making accusations of improper behaviour.