The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Interesting though, This mornings RNS's account for 620 million shares probably of the 700 million we issued to get the £3.5 million, so another 80 million shares plus the 400 million shares that Paloma sold, all at .5 ,to be accounted for.
So some big hitters are seriously underwater here. I wonder what course of action they will take?
Or escaped..
Not yet ,we still hold a 10% interest in the targets.
Looks like we've swam with the sharks and got bitten. Paloma look very dodgy.
In the last few weeks the company has raised 3.5 million quid at .05 and Paloma have sold 2 million quids worth at .05, that's a lot of money. I find it hard to believe whoever has bought the shares has not done some serious due diligence before parting with that kind of money. I believe Paloma disposing of their holding was always part of the plan and also suspect yesterdays events re Paloma would not be completely unexpected.
The deal was always a long shot but In my opinion the company is very undervalued even if the deal fails.
The plot thickens.
Should we not have had a RNS as who has bought Palomas holding as its a significant amount?
Morning folks, while i share everyone's frustration at the lack of progress and updates i don't totally blame the company.
We are awaiting a long overdue licensing decision from the NDEP whom it would seem are as competent as much of the British public sector. This delay has caused GWMO to fall off many investors radar, indeed a number seem to have sold up out of boredom or lack of faith.
This year we have had two heavily discounted placings, we bypassed the useless Novum and used the just as useless SP Angel. Clearly the news of a raise had leaked and in the couple of weeks prior to said raise the share price fell mainly through selling/shorting via spread betting companies. Hence the lower the market price fell the lower the eventual placing price would be.
The lack of any communication from the company is also very disappointing, even if there is not much to report a general update would be welcome.
The main thing that is sustaining me here is that Brian has got reasonable skin in the game.
As for GTTM 's constant yattering about another placing, he may be correct, but without any licence news i shudder to think at what price that would be.
For the record i expect a positive outcome, just not in the hoped for time frame.
Greengrass7: Sorry - but you seem to be confusing me with somebody who gives a damn?
But enough of a damn to reply.
Some of your posts are actually reasonable but you let your self down with your childish and obnoxious comments.
Shame really as i would like to think there's a decent person behind the prat facade.
Notrex, might be an idea to adhere to Abraham Lincoln's wise words.
“Better to remain silent and be thought a fool than to speak out and remove all doubt.”
Both trades were right on the mid so could have been buys for all we know, no point speculating that they were one way or the other.
Not correct unfortunately, 17.5 mill @.042 the bid, 25 mil @.041 below the bid as per trade info re ADVFN
Two large sells 25 mil and 17 mil,this has the smell of some one with inside information unloading, what price Spread Ex?
We've been shafted twice already this year by our brokers with shockingly priced placings, remember Spread Ex selling before the last one? I hope i'm wrong but due to our brokers been the bucket shop boys at Novum and SP Angel i'm not ruling anything out.
I wonder if Paloma's ownership was the reason Emirates were suspended which would explain why they have sold there holding in Rock, thus potentially removing the reason for any blocking of Emirates relisting.
The Subscription, which generated material interest from a number of prospective investors, has been agreed with high net worth individuals and institutional investors and has been carried out directly by the Company, without payment of commissions.
Raised much needed funds by passing the usual parasites and leaches of the broking world.
Time to stop the childish name calling and move forward.
What price an imminent holdings RNS from Paloma?
Not sure what the F is going on, someone is unloading big time below the placing price, seems barmy.
We will see with there next holding RNS, i hope you're correct
I don't think there will be much movement until SpreadEx are out, they are a millstone around the company's neck. The selling will only accelerate on good news. Shame but that's the way the AIM sewer works.
I wouldn't be looking at the company directly, but certainly someone who was offered the placing via the brokers.
There's a shock, Spreadex sell millions of shares in the couple of weeks leading up to a heavily discounted placing and lo and behold it seems they have participated in said placing and significantly increased there holding. They have probably acted on behalf of a client and are just covering the position, but whats the chances of the client not having knowledge of the placing, my guess is nil. I believe its called insider trading and is illegal.
Hooray, the bad news troll is back.
The Churn/ forward selling of the placing shares is well underway. Why couldn't the placing have been set at .07 say, the market would have dropped the price to there and those wishing to churn could have done so and still made there short term profit. Less shares would have needed to be issued for the 500k, thus less dilution and a smaller paper hit for the LTH.
The only people who can gain at the placing price are those who were invited to participate and who hold for the medium/long term. As i've stated before the company getting a few quid good, terms and execution of the placing appalling.