The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
“Vast remains well-funded”
Vox said this, not Vast. The statement is seemingly untrue.
Vast has a burn rate of £1m/month, seemingly little to nothing by way of cash reserves (approx £150k) and has had to raise capital 4 times already this year. Expect a further cash raise before Dec/Jan.
With a mkt cap of £6.5m and a SP of 0.16p the ability to raise further funds by issuing new shares becomes evermore difficult. What discount the next placement?
4 placements so far in 2023 @ 0.55p, 0.46p, 0.35p and most recently at 0.195p
2.065bn shs issued diluting shareholders’ holdings by 47%
The company has lost approximately £1m per month for the period May 2021 to April 2023. Just let sink for a
moment. £24 million gone in that time.
Mkt cap is £7m
Little cash on deposit.
They need to pull a rabbit out of the hat in the next couple of months or it’s curtains.
A vastly overrated stock in my opinion
Sorry, just to clarify, that’s Sharebel spouting his nonsense in NNN. Now bust of course!
RE: There25 Jan 2023 10:02
Correction 26 correction NT for larger but the free app brigade trying their hardest to chuck in a few terrible prices using a few quids worth as usual they do this all the time. The chart however doesn’t lie it’s oversold and ready to breakout of 20’s back into 30’s first stop!
IMHO DYOR GLA BUYTHEDIP
RE: looking at a 10 bagger here guys31 Aug 2022 14:57
Agree absolutely plain and simple and today marks the transformative turning point to move there - why do you think ii Lanstead a global investment firm took a huge slice with a premium priced placing because they know it too.
Oh and Shareabell
Metro bank 40.5 offered!
#dont forget NNN!
Oh Shareabell
What nonsense you peddle
23 offered
Lol
RE: Breakout Imminent?19 Sep 2023 15:50
Breakout into close MM allowing folks buy up to 4k at 1.98 then anything higher into NT so there’s circa 2 buys left at this level I reckon then 2.00v2.20 comes in - I’d be quick if you want them! IMHO GLA