Member Info for D-Geeman

News alert - EVE - Form 8.3 - 4 Ventures Limited - Form 8.3

News alert generated
21-Jun-2022 08:00

A news story has been released that matched your alert criteria: Form 8.3 - 4 Ventures Limited - Form 8.3

Would they advertise a job just to *look* to be doing okay? It seemed to come across as a new job description but whatever; the job was advertised before the RNS putting eve up for sale.

I wonder whether they've had any applicants? Would they have to go through with hiring someone? Another illustration of how little we know.

I think it's true to say that wyn's comments are perfectly true dontgive, though not at all 'reassuring'. To be honest reassurance doesn't help at all anyway, just hard facts are what we need.

I could and do find all the positives I can (and negatives too) but it has never made a difference, perhaps the actual info I dig up from time to time does. But even when the actual info looks poor I haven't sold and don't think you have either.

Atb. D

End of March 2020 we were closing at 0.82p so about same as now, and that was with several £m's in the bank. We were heading for bankruptcy and the cash was going to get burned up so didn't count for much.

Eve's prospects now don't seem much better though under somewhat different circumstances. We do have more products now, and a presence in more outlets. We assume the market is always right and currently it rates us about the same as March 2020, despite a lot less cash on account.

If there's a spike I will certainly reduce unless there's an obvious and convincing reason to stay, such as a takeover announcement.

Yanis also has a good point.

You're probably correct Soton. However, Yanis also has a good and there'll be buys this week with the notification deadline having passed. It would be so infuriating to sell and then have a buyout bid.. It's a tricky decision. There are precedents that support both scenarios but I admit, the gloomy one is more likely than the 'happy ending' one.

Post that link into this site and you can read the piece. It often works with paywall links

https://archive.ph

Not a regular observation but the 12 month average review numbers:

Calculé à partir de 425 avis obtenus sur les 12 derniers mois 21/9/21

NOMBRE D'AVIS : 489 16/4/22

And today – NOMBRE D'AVIS : 571

https://www.avis-verifies.com/avis-clients/evesleep.fr?filtre=&p=1

(There was a time when there were very few reviews but that time could have dropped out of the running 12 month total now.)

Maybe it'd help when eve ask for an overdraft, if it comes to that

I wouldn't myself put any more money in but I am weary of it. And also overweight in eve already. It's inconceivable that DFS won't, at least look at the numbers, see if that can make it work somehow.

Maybe even Argos (Argos' parent is Sainsbury's: 'Statutory profit before tax of £854 million') so that they get reliable deliveries of eve Original stock. CC did say that Argos and eve had been a successful partnership.

Morning wyn,

No, I didn't express that very well. Not go into admin with cash in the bank but at the point the cash runs out. We don't know when that would be.

If there was no buyer, no investor, do people think they could have any sort of raise again? They were so close to break even.

I just don't see them handing the keys back to the landlord like some sort of repossession, if all the cash is gone. (Maybe they could do a crowd funding!) https://www.templecycles.co.uk/pages/invest?utm_campaign=Invest%20in%20Temple%20Email%201%20-%20Ready%20%28Xaf8ie%29&utm_medium=email&utm_source=Mailchimp%20Subscribers&_kx=7KSDDlhZKgUaREHVPkBgiG1AxPjVqN_PT_toXnRdah1_twdpMvL3jowuzXBBQeWD.R7Qwns

It illustrates the challenges of running the trial.

You can't give AVA6000 to people who've already received 'X' amount of dox (or an equivalent drug) and yet dox is the Standard Care for the tumours you need to test AVA6K on. So what answer did they find? Offer AVA6000 to new patients whose prognosis is extremely poor instead of dox? Can they do that? Or give it to people with tumours for which dox is not the obvious drug?

If people know the answer I'd be interested, not that it affects this board or the trial now.

Thanks dontgive. I will read it properly tomorrow but that's an interesting article. Zen sold 6000 mattresses in a day. Wow. And 65% market by retailers shows how the discounts and promos are possible (just not profitably at the moment, at eve's scale).

Just had a chat (school fair) with the corporate accountant dad.

It seems that, if someone bought eve 100% in its entirety out of administration they would get to keep the tax losses too. But he said no two cases are ever the same so each case has to be looked at on its own merits. He also said that companies usually get broken up and sold in parts which would mean the losses wouldn't travel. (Is eve be big enough to be broken up?)

When I said that there was no debt (when he mentioned the treatment of debt on liquidation) he pulled a face as he'd be surprised that a company would enter admin when there's money in the bank. He'd never heard of eve. I explained about the losses over the years, Woodford etc. He began to see how admin could be a possibility.

So, bad news that a buyer could be better off waiting till admin, and good news that he was so surprised admin could happen to a solvent (for the moment) company.

Eve original seems to be to 'out of stock' in London, but 'in-stock' if you use a northern postcode:

eve Sleep Original Single Mattress199/4146
Delivery available, book slot now to SK7

Out of stock for delivery to W1A

So it really must be Argos who holds the stock, not eve. I can't imagine eve doesn't have stock for delivery to London.

Fair enough.

explain please?

This is an implicit point in the trial but I don't think I've read it mentioned here recently, if ever (not that I read everything).

People must have already been given a lot of dox before even joining the trial; they’ve (probably) already received the maximum cumulative dose of dox before they’ve exhausted all the SOC options to be allowed to join. They’ve (presumably) reached the point where any more regular dox at all would cause severe and permanent harm to them, especially to the heart.

Not only have they been given the starting level of AVA6000 but the dose has been increased – in people whose cumulative dose means shouldn’t have any more dox. Board members who’ve studied doses will know (I don’t) whether the starting dose of AVA6000 was very light on dox, or a significant amount. Even if the dosing was light to begin with (treading carefully) the DE must have taken patients well-over the previous permissible total dose.

While AVA6000 trial continues AVA6000 must be more or less safe, even in people who’ve had their lifetime limit of dox. That bodes very well for recently diagnosed cancer patients who haven’t experienced dox before and have a clean slate when it comes to the cardiotoxicity and other side effects.

(Being ‘safe’ is not the same as ‘it works’ but it's important.)

Probably all obvious but I thought I’d mention it anyway.

Dontgive, I haven't checked but I guess your figure for PP's shares was off the eve site. It docent fit with the Bloomberg 2019 RNS or Vox markets figure this week, which seem to agree.
Bit weird.. Unless he sold some and bought them back exactly the same.
Must be a mistake on the eve site?

utterly streamlining = eking out is the same thing to me. When I say 'eke out' I mean cut to the bone, spend very little.

Eking out petrol on a low tank would mean no accelerating, minimal stopping and starting. No heater. Radio and A/C off, of course.

'Pushing hard' to me would be the opposite (engine revving and breaking the speed limit when possible), but that's not what you meant, so we are agreed there.

Let's hope 'people' are pouring over the accounts this weekend in order to make an acceptable offer, dreaming of their 'sleep empire' of the future...

As for PP, this was the RNS of his holding this week (RNS is available on Vox):
'Relevant securities owned and/or controlled:
16,527,126
6.02%'

And in 2019:

'SUBTOTAL 8. A 16,527,126 6.36%'

https://www.bloomberg.com/press-releases/2019-02-14/eve-sleep-plc-holding-s-in-company-js49yhou

So his number of shares is the same but there's been a small dilution so he owns 0.3% less of the company now.

Problem is of course that the cash was diminishing when the revenues were higher than before the 'revenue warning' and FSP RNS. There's little reason to suppose that spending more on marketing now, in a consumer crisis, will have better results than when eve were posting RNSs out of the blue to say revenue was ahead of expectations.

We were nearly at profit before Putin and the credit crisis. How can things be better than we fear..

If we don't get bought out or find an investor (less likely option to me) then perhaps the cash can keep us going, by exercising great care with it, till there's a bit more consumer confidence and / or Putin pops his clogs. If eve 'pushes hard' then presumably that is spend hard on marketing and we'll be bust, holding worthless shares.

Is there a way to push hard without spending money? We have to pay the staff and suppliers or the enterprise is over.