Mood has darkened somewhat! Excitement abated and SP probably drifting back to 30p as people realise a 201 deal could be weeks/months ahead and now we have arguments because people are indulging a relative newby who is clearly way out of their depth and talking nonsense. I shall be glad to get away from all this volatility!
Yes, I watched the presentation and thought it was excellent. I just think there was over-exuberance earlier which looks to have been misplaced. Hope I'm proved wrong in the next 50 minutes.
Despite talk of L2 being "on fire" and we're going to "break out" it looks like a red finish to me. I think a certain poster is possibly a reincarnation of St Tropez!! Doesn't bode well for Monday if no news as disappointment sets in. Sometimes rampers are more of a pain than derampers.
OB, I'm hoping for a run at it tomorrow tbh. Let's see how the day pans out. I'm also waiting on Sareum which has enabled me to recoup all my losses on past dogs so far.
Gixer, I admire your tenacity and optimism in the face of indisputable evidence to the contrary. If (and it's a big if) revenues flow from China it could be a further 3/4 years before this company breaks even. That could mean a possible 15 years since DSM became the dominant partner and the company was to expect "transformational" developments. It just didn't happen and the momentum was lost due to inept management and no vision. I ask myself, why would DSM give a tinkers about Provexis in new negotiations, when they have clearly failed thus far to gain traction? A great product which has been let down by the people entrusted to sell it to the world IMO.
Anyone remember the good old days when Robin used to do his cosy fireside chats and he was everyone's favourite uncle? All was going well and he was the best liked CEO on AIM. Anybody remember when the SP reached 40/50p? What happened?!!!
It does look as if things are progressing in China but I can't see any approval being achieved until late 2022 and it's anyone's guess as to when any revenues will be produced so very much on the back burner in that respect. The new agreement with DSM is to be shrouded in secrecy same as the 2010 agreement so shareholders won't know the details anyway! After 11 years and having been the "jewel in DSM's crown" the contract still only provides £500k of income. Much cut & paste about interest from industry etc which never happens in reality. More fund raising needed so that hasn't been put to bed yet so more uncertainty. Directors emoluments slightly less than last year but still nearly £300k from a loss making business! Same old, same old and the market has reacted with resigned indifference as expected. Bottom drawer for at least 2 years IMO.
Why would anyone buy? Company makes no presentations, does not provide any progress or updates and the CEO is more or less invisible. I think the market has assessed Provexis pretty accurately and until the PR improves, the doldrums will continue IMO.