The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Recent large institutional investment up until suspension, AZ wants to free the company of traders. Trading suspended and everyone locked in with lots of time to consider their positions. I think AZ is managing the situation very well.
My guess is traders will sell, shorters/spreads will not return and LTH's will be rewarded.
Are you getting the pizzas in Ex?
Quite ironic the AZ/TW/Italian theme - maybe a taste of bitterness?
Is this the story!
https://www.tomwinnifrith.com/articles/17639/bizarre-exchange-with-top-barrister-john-joseph-mac-lucas-the-latest-direct-threat-against-me-over-supplyme-capital
Wrong board GR
Calm before the storm - news?
A big well done to the shorters over the last few days. You have been in an uphill battle since the company announced it was suspending the share and this has caught a lot of people on the back foot. The rumour mill has suggested this is playing into AZ's hands and will allow him to announce news which will blow the ceiling off the SP. How true this is we do not know yet but even the most genuine shorter who does not get the Syme model must have been concerned.
Add to this the momentum gathering on Reddit this has thrown another dagger at the heart just as you are cornered and locked in.
Now many would have crumbled and awaited their fate. But oh no shorties have stepped up and thrown as much dirt as possible to muddy the waters and get holders scared. Making holders forget why they invested, forget the large institutional investment of late and forget the uniqueness of Syme's concept. Frightening them into selling on reopen. It seems that this has failed and a final attack has been launched, not on the model, but on the companies credibility. Tommy Froth is leading the charge and the last chance saloon gang are now balls deep into trying to damage limitate.
Have they done enough, I am not so sure, but well done for carrying the fight.
Tomorrow, if AZ is ready, could be very interesting.
If AZ waits a day or two more it only delays the inevitable and provides more sleepless nights for those cornered.
Sweet dreams investors.
Future tense S&G?
Not a lot we can do at present other than sit, wait and observe the partizans. Depending on what side of the fence you sit, sorry whatever you believe will make you the most money, the colours are tied to the mast. Not a lot of balance just black or white from most.
It's funny those with the most invested have quietly let actions speak louder than words by taking up large positions over the last month.
Lots of conjecture but there are many signs, including heavy buying, indicating it is beyond reasonable doubt that good news will follow.
For what it is worth I think it is sensible to sit on your hands for as long as possible when the share reopens - unless you need the SP to fall then it's damage limitation time.
You've done your research, nothing has fundamentally changed, so sit tight and enjoy the journey.
What is the point in going on and on about what we all think. We should by now have formed our opinions and are prepared for how things are going to unfold. Ramping, deramping it doesn't matter. No need to ramp or state the case for as the facts are there, the change in company share holding at the top level speaks volumes. These are serious investors not shorters or spread betters gambling.
I will not lose any sleep tonight over what is to come over the next year whereas it appears some are going to have some sleepless nights over what is about to happen.
Lockdown has really sunk in with some who are locked in and are now desperate.
Whichever camp you are in I am sure you are well researched and you have chosen your path on fundamentals. ??
Excitement building, a storm is brewing
Oops fat fingers, posted before complete : glass nearly empty
Look there are so many positives as to where Icon are moving to. The SP is not currently reflective but the potential continues to bubble and deals are being struck.
If the failure to clear the legacy debt worries you put yourself in the BOD's camp and consider what you would do. Maybe they have thought let's buy time and not expose ourselves by resolving now when we have the opportunity to wait and resolve when we are less exposed, hopefully as more conracts are secured.
Reference the issuing of further shares, why not have this potential safety net when in a worst case scenario it may be a course of action
which is required. Not ideal but nevertheless prudent.
I guess we should all do our own DD but ultimately if you are in for the ride with a half full glass then good luck and if not trot on your negativity does not to help the investors. No your negativity is in your own best interests. The tone of your advice clearly spells this out as it does not come across that of a Good Samaritan.
Look there are so many positives as to where Icon are moving to. The SP is not currently reflective but the potential continues to bubble and deals are being struck.
If the failure to clear the legacy debt worries you put yourself in the BOD's camp and consider what you would do. Maybe they have thought let's buy time and not expose ourselves by resolving now when we have the opportunity to wait and resolve when we are less exposed, hopefully as more conracts are secured.
Reference the issuing of further shares, why not have this potential safety net when in a worst case scenario it may be a course of action
which is required. Not ideal but nevertheless prudent.
I guess we should all do our own DD but ultimately if you are in for the ride with a half full glass then good luck and if not trot on your negatively us not to help the investors, no it is in your own best interests. The tone of your advice clearly spells this out.
And those big buyers will have bought on potential not the impending news of the departure of Ehgos. They will have been aware of what the company has potentially lined up along with the companies ability to deliver moving forward.
IL were never going to drop the big bombs until Ehgos were at the exit. If they had most knew that the rises would be eroded as patience wore thin with further dumps dampening spirits and holding back the SP.
Hopefully, now the decks are cleared the scene is set for regular good news and a share price which will reflect this. consolidate and then continue climbing.
GLA
Iconic Day - Well done to the remainers, keep the faith!
Tomorrow could well be an Iconic Day. The plot will hopefully start to unfold as we start to see what this company is worth in the market as EGHOS limp away. One thing is for sure we have all had our monies worth out of this share. Hopefully, in the next week we will see our support rewarded.
Big exciting week.