The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
"I don't know which jobs you have guys, but in my job, if I announce something to happen at a specific date, it better happen at that date...."
Totally agree, but everything had better be under my control
Now take Morocco, not only did they have a global pandemic to contend with, but also customs clearance issues and equipment failure to deal with. And deal with it they did, with a satisfactory conclusion. So instead of putting the boot in, why not congratulate them for sticking to the task and getting it done
" blatant BS, coming time and again from QED. Rinse and repeat with every project."
Please advise this board where the BS has been with Morocco? It might not have happened as quickly as we'd wanted, but the communication was clear and honest, and it's resulted in a successful trial
I'll wait . . .
Vince, with regard to your comment 'As much as they talk about urgency, they aren't that urgent, it's business as usual.'
There was a remark on the AGM video (I think it was JM but not sure) about tax credits available for shippers that become greener (you get my drift), quite considerable amounts I believe, in such a competitive industry that might be the impetus for change that we need right now
"but I see things the way they are and not how the Hope Forecasters see it."
Except that it's only 'your' version of the way they are. None of us KNOW the way it actually is, we listen to interviews, videos of presentations etc, and try to put the picture together. Some doubt the message they're hearing, some believe it, no different to news broadcasts, the author slews it the way he feels. Someday we'll know the truth, but until then I'd rather put my faith in the BoD and their message, rather than the detractors on here venting their angst
I've just watched the AGM video, again, and the pipeline of projects we're involved with now is phenomenal. We've never been attacking so many prospects at the same time:- Morocco, MSC, Utah, Panama, Singapore, and to echo Griffer's thoughts earlier, surely they would have to notify us if the tripartite contract wasn't about to be announced? Funding is no longer an issue in my opinion, as one investor said on the video, 'I'm not about to walk away now', and I think he speaks for many of us, I'd max my cards out to help fund a raise now. Incredible time to be (in my opinion) staring at the glimmer of light at the end of the tunnel
Dunwerkin
See below taken from the post-fundraise RNS, there are no shares in treasury, all 1.56bn are issued
Total voting rights
Following Second Admission, the Company will have a total of 1,562,478,823 Ordinary Shares in issue, with no Ordinary Shares held in treasury.
"It would be nice but with 1.5 b shares in issue, that aint going to happen for many years"
Number of shares in issue can easily be consolidated
As things stand, If MSC signed a contract with QED for say 100 ships using BioMSAR at GBP1m per ship, that equates to an EPS of about 5p per share (after costs). Apply a fair PE ratio of 25 and you've got an SP of 125p, with unbelievable growth prospects, and a feeding frenzy to buy the company
"£2m is not a big chunk of QED, right now it is just 4.67%."
The usual rhetoric of the AIM casino, and why PI's get shafted on a regular basis
If you have as many shares as you claim, why are you so eager to give away almost 5%?
Sure, we all want to see commercialisation, but there comes a time when you have to say enough dilution. If they can really 'taste it' then we don't have to go cap in hand to anyone. The whole 'book building ' exercise stinks to high heaven, if you can show a potential placee why they should buy in, why can't I, as a long term shareholder, see that same information? So what if I'm a 'retail investor', I still count in the ownership of the company. Grow a pair, and say 'no more dilution'
"I would also avoid an open offer because there is always a risk it could be under subscribed"
That's why they're generally underwritten. If they go for a placing and dilute us now, without us having the chance to partake, that would be a massive kick in the teeth to the PI's that have supported the company over many years. I chose to support the company last time despite being able to buy for cheaper on the open market. If some II comes in now and scoops a big chunk of cheap shares I'll be livid, and I suspect most LTH's with me
"If they need more money from me to help get over the line then they will get it."
The last raise was during a decline in the SP. Completely different situation now, and a lot more encouraging signals coming from the BoD. I believe an open offer would be oversubscribed if they did it now, and I'd happily take part, not begrudgingly like last time