The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I have now set a trailing stop loss on this SP. Over the years I have hoped against hope and no longer have much confidence. On the plus side, this BOD and Mr Stanley now hold millions of shares in the company but not the majority. That is a lot to walk away from if they sell the company short and as they do not hold the majority and deal must be to the benefit of all. On the negative side remains the complete lack of info, progress, shocking salaries etc. I will be losing a lot if my stop loss activates.
That is all I can say. They cannot communicate with the market and have let us all down. I reckon the next we will hear will be in October with the 1st half results.
A bridge loan does imply short term funding. I suspect another IPO is on the cards here. Pity.
I have searched without success to see what could have driven this week's rise. It must just be rumours and if knicol46 is correct, then this will slump back again.
Not a bad start to this week but where are results ? How long does it take to write 'trading in line with expectations ' & 'investments in the supply chain' etc...
I don't think this is a sale of Snorkel, more of actually positive trading results. A sale of Snorkel would be verrrry bad for us small share holders as we would get practically nothing.
http://rermag.com/supply-side/snorkel-introduce-three-new-products-bauma This at least shows the company is maintaining an R &D focus with these new products. Have not got the foggiest what the spec means on them though.
Lets see what the results say. On the one hand, no one is going to buy £10m of shares at 20p without some persuasion, on the other, how on earth do you manage to lose £15m in one year of supposed recovery and strengthening markets ? So much for the weekly rises I was so hopeful about. Griffin 1.... Leo 3 are they section or team names or something within the factory ?
Doughnuts as well ???
We are still out here. Not much happening. Leo3 has been dropping cryptic messages of doom for the last 3 years- not too sure what his motive is, he never says more then a few words. As for Tan, you could read the RNS in a positive light but many of us here have heard it all before. I think 'Jam Tomorrow' is the phrase that springs to mind. I am trying to average down and have topped up at 18.44 and 19.75 as I still have confidence it will go back to around the 50-60p mark if they can prove profitability in 2013 and SEV stays afloat. Lots of 'ifs' I know.
Up is better then down , we will be rich by Christmas....2020
Got some more at 18.44- 'Here goes nothing' to quote Lando Callrisean.
Good news: they are still afloat, have not diluted and promise to make profit in 2013. We shall see in April and SEV is growing as well. Bad news: how many times have they cut and pasted the line 'trading in line with the previous six months ' from each report ? Annoyed ? Yes because the lack of information remains stunning. I only hope they do not sell us down the river. Anyone remember Optare ?
V.low volumes and the price jumps ???? either a bit of manipulation to attract those watching from the sidelines or the market knows something we do not.
We have been here four times in the last few years. In two weeks time we will either be bust or rolling in it. Given that by prediction they should have run out of cash no news is actually good news.
Nah... I think 20p is the price they are touting it at. Getting it will be a miracle unless of course they can prove a degree of sustained profitability. Put it this way. We think they have run out of cash right now. So if there is no placing within the next two weeks they will have got their hands on some cash from somewhere. For me, every day with no placing is positive as we know how dire things are. The BOD have witnessed the SP collapse at least four times in the last 4 years so this is technically nothing new for them. The next two weeks will prove interesting.
I look at this and feel disappointed. Disappointed by a poor BOD who are more interested in payroll then profit. No communication, no confidence provided. I think there will be a placing at 20p in the very near future. When that happens the SP will react downwards. I will be surprised if they do find any II's who will trust them at this point and we may see a repeat similar to the offer from 2009 to general investors. I have no choice but to top-up. I have thought and still think that EV's have a great future. It is the only way nations can reduce CO2 emissions in the long term. The internal combustion engine for mass transport has no future.
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001455900-12-000002%2Etxt&FilePath=%5C2012%5C12%5C12%5C&CoName=SMITH+ELECTRIC+VEHICLES+CORP%2E&FormType=D&RcvdDate=12%2F12%2F2012&pdf= Looks like these two funds have faith in Smiths. Well Welll Well, the duck is still not dead. As for the Corrector- he is as bad as Leo3, another cryptic message I see. Whats the matter ? No mince pies.
Well well welll... For a company on the verge of bankruptcy they have delusions of grandeur. Saying that, Chicago City would not enter negotiations if they did not think Smith were serious. Maybe they can pull it of, hence the 'Weak Buy'
Up is better then down , no matter how small