Member Info for foolsgold07

On any main market cc would never of passed the 1st interview stage for the position of ceo...
Her 1st position and takes the company into administration ..nor a good look on her cv.

My mistake ...should always check the exchange and not rely upon lse..thanks

Noticed that they haven't published interims since final results...they were published in Sept last year...possible delay to co inside with RD TEST RESULTS...let's hope for an explosive RNS next week

CC ...AREA of expertise is marketing ...promotion to CEO was a mistake that we are now enduring.
The problem for shareholders is she can simply walk away and attain another marketing job.
SHE has never fully understood that one of her chief responsibilities was to investors ...with to much time on happy clapper staffing events.
Yes it's all well and good to have a fully motivated staff buts thats primarily the responsibility of department heads not the CEO.

Yes any developments with volz on the commerciL front on filters would be a game change and present the shareholders with many multiples of where we are now..
Let's hope that's close ...it's been a while

No short term prospects of any meaningful revenue ...research with nda companies with prospects for future commercialisation that I can see...profit and loss account is only likely to get worse and the balance sheet weaker...
Whilst funding in place gives some short term relief .
They need a big development order to shift this share price in the right direction.
Probably didn't promote this interview because in my opinion more negative than positive in the short term.

These should be next week with an update on fsp.

Last rns as at 30th June was indictive of having
Sufficient funds for 12 months to cover working capital....no raise should be necessary in the short term.

If I'm correct in the interpretation the statutory timescale for licence approval is 30 days from application so we would appear to be running late.

Last discounted placing was Oct 2021 for £620,000
So we can expect another one shortly ..especially in light of that spend vs income factor ...balance sheet will need strengthening best to wait until discounted placing in out of the way.

I seriously don't think that insolvency, administration needs to be on the agenda.
CC needs to buckle up and act as a CEO ...she is no longer a marketing director or department head and unfortunately she is to inclined to be a team player with lots of nice perks for the staff.
She either needs to address profit and loss net profit margins by increasing prices on better premium products as cost of sales has undoubtedly gone up with supplier costs increasing.alternatively she reduces labour costs from the existing 40 staff ...she maintains the 30% reduction in overheads will be visible in the 4th quarter ...if sales remain relatively flat going into the later stages of this year and she can tweak some additional costs off the bottom line then we could see a profitable come. The question is can she make the hard decisions?

Whilst naturally the negative focus has been on the rather dramatic fall off on cash reserves I read the position as more positive. The 30% reduction in overhead costings won't be realised until q4 and with sales showing some life in June and July breakeven or even profitability is possible.This could rerate very quickly as mcap is cash and stock.working capital is sufficient to see them through to completion of dd..and hopefully full takeover offer or significant investment.

I agree the bayer link changes the dynamic on this ..they would not be risking reputational damage by linking up without due extensive due diligence.
This could be hugh..

The company's cash position is OK for the next 12 months as previously reported so all working capital requirements are covered. No placing anticipated.monday could be interesting

Unless they salvage the company as a going concern as an unsecured creditor you will end up with nothing.
Best to take it as a total loss ...as painful as that is.

If we believe the prior rns in May we should not require additional working capital until next year.
Fingers crossed

CC is a marketing guru and a very good one ...for eve,Who has undoutably galvanisedthe team.
Unfortunately she is not AT THE LEVEL REQUIRED
FOR A CEO. I believe she finds its difficult to make the tough decisions and is probably too closely aligned with the her staff. Two of her key responsibilities...profitability and shareholders are sadly missing from her remit.

Interesting can sell but not buy...

There's plenty of value still in the business.
Re admission at a latter date either here on the main list or usa...distinct possibility.

We will get a bounce at some stage as soon as news drops ...any tie ups and this will multi bag from these lows.
Problem is the junior markets are being hammered..mainly because they rely upon lending and raising cash via placings..this will turn at some stage just need to hang in there