The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Looking at the website it looks like hack to me, Prawdziwe pieniadze = Real money in polish - WHY would the company post that several times and with empty articles.
It's running an old version of wordpress so probably hacked.
They probably don't even know it's happened
? Under the terms of the management services contract, which came into effect today, Iconic Labs will be paid a monthly management fee of £50,000 plus external costs, and in addition shall receive 25% of all profits if certain revenue and profit targets are met.
? Iconic Labs anticipates this management services contract will contribute a significant amount of revenue to the Company and will enable Iconic Labs to become operationally profitable within three months.
That £50,000 has changed to £100,000
therefore, Iconic Labs to become operationally profitable within three months is now reduced considerably imho, although the management should use the money to get rid of EGHOS
Throw in the profits...
Current market cap is way under value now
As mentioned in RNS:
http://info.mirriad.com/?hs_preview=DRAzgpRQ-23316474492
Depends which numbers you look at, on one hand revenue has increased considerably from previous, shows a growing company. They were also oversubscribed on the last raising. If you are only interested in short them, then this probably isn't the place to be going off the loss and current revenue.
Give it a few more years, and I'll be laughing when they get bought out by netflix or google for a quid a share, bargain for under 250 million.
nice to see a bit of action on this one for once
Some good results out today, debt reduced considerably, 0.5p dividend. This next year should see some real growth
Says it all really, massively undervalued and at 2000bopd a certain takeover target if under 50p. Personally I'll be happy with 49p ;)
The swaps: These agreements cover 93,782 barrels of oil at a swap price of $92.55, $90.04 and $96.11 during the year ending December 31, 2014 So anything lower than this is money back to us on a monthly basis, no need to worry about costs just yet. Operating net back increased to US$57.84 for the three month period ended June 30, 2014, possibly a bit higher still now, costs, this is from the average oil price US$92.89 per bbl during the three-month period ended June 30, 2014 so that puts costs approx at $35/barrel if reading the quartiles are to believed. Longer term we have lower swaps in 2016, still higher than the current $80 so we won't lose out still. The company was sensible in taking swaps, it made a loss from them previously but now will be taking that money back. They need to get new wells online quickly to take advantage, and get the bopd up.
everyone just need to turn the taps off for a week, that should reduce the supply a little ;)
It's a good job caza uses swaps to protect our price per barrel :)