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Administration
Possibly so, I'm also unsure what to make of it. The SP reaction continues to be positive, up to 86c today. Still a long way off the levels most have bought at, and still below the $1 threshold for NASDAQ holdings.............but it seems to have momentum and perhaps something will come of it
SP flying today, up to 72c. I know they were doing a presentation, so i presume this is on the back of that. Looks promising, unlike Accustem. I don't even know if i'd be able to sell the paltry amount of Accustem shares i have, i imagine they're very illiquid
This is my biggest fear/concern with PHC. I know they reviewed this last year and decided to continue but Griffiths has influenced ETX and C4XD in the past month to delist. Given his significant holding here, I'm concerned he will encourage them to do the same. It would be disastrous for PIs at this level. So undervalued.
The main difference is ETX and C4XD require lots of capital and sit in the life sciences sector, unlike PHC which may make a difference but I'm still concerned
£132k remuneration is definitely not a 'good' package or above average for a CEO. That package is similar to what i'm on and i'm a head of business development. Our CEO will be on probably double that.
I'm surprised by the rise, in conjunction with the shorts increasing. Someone is going to get burned here, and my gut says it's us because I think FY results will come in under expectation. I'm considering cashing in now but the optimist in me wants to ride the wave!
Same has happened with C4XD which I was invested in. Had high hopes for both. Sadly both have been consequences of the dire market but this also screws PIs. You can't hold non listed shares in your ISA so you have no option but to sell. Expect some SP volatility in the coming days
EBITDA is a poor and often misleading metric to measure profitability, but as I say some iis still believe if they're willing to stump up that amount of money.
The clearest signal to me will be whether the CEO and CFO put money in. They haven't to date, which is a revealing
I’m amazed they were able to raise such a significant sum at only a marginal discount in the current market. It does suggest there is some life in the old dog yet. Not so lucky for those who took up the warrant option, unless they flipped them. Still not one for me to invest in again but I’m a curious bystander given I’ve sunk plenty in here previously
Don’t think so route-1. It’s always been a risk that exists and occasionally plays out. However, it’s arguably a greater risk now that Uk markets are such a tough market to raise capital on. I think it’ll will be remedied eventually
Fred - see 10.01 trade. It’s showing as a sell but it’s my buy. The difference to the £2k is commission from Halifax and stamp duty.
I just bought £2k at 21p. I'm banking on the softness in the SP being because it's close to the end of the tax year.
Probably because news which materially affects the company has to be notified to the market without delay. It’s a legal requirement, to prevent insider trading etc.
I presume the FY results are not quite ready yet, or more likely John will add some meat to the bones of the situation when he releases that and hopefully allays fears