The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
There is nothing to do here with AI. This is just a grans scheme to get in new investors then issue shares then continue to take salaries as reward for failure. Any news on the seaweed business?
Major share issue coming and there will be another and anther after that if people are stupid enough to buy into tall stories.. AVOID
I see this company`s shares suspended in a month or so.
47% discount. So the company has been sold for a song.
If this well is non commercial the company is finished.
LETS REMEMBER THIS WAS A Proposed Capital Reorganisation, Proposed New Articles of Association. Results of this vote should have been announced on the 16th February. It is now the 21st and still no results. So lets assume the proposed resolution has failed. Now the company is working out how they can continue to take a salary now that shareholders no longer want to fund them.
Forget this nonsense about hydrogen storage. The management must be fired, the company would down and put into administration. RIP Who in their right mind would vote for consolidation knowing full well it means more dilution. Idiots. Better they voted no. End the the farce. Türkiye was a duster. The gush only gushes water. It is the end of the line....RIP{
It looks like the share price is priced in old money. Yet the number of shares has changed. The company should have announced on the day the results. It does look like the resolution vote for the consolidation has failed. So what are their plans now? They are not allowed to issues shares. If they cannot issues shares they have to issue an announcement of how long the cash they hold will last. No fundraise and the company has to suspend the shares. Delisting comes a few months later. RIP
When 18 pence goes it has a gap up to 30 pence. Still a strong buy guys. Great products....
Cannot see anyone wanting to fund this outfit now. If they do get a funding away it will not be the last. Of course there will be a discount for the funder. 1 year down the line another funding round and dilution with more shares coming. My God why would anyone vote for them to consolidate the shares? It is rinse and repeat. This is a lifestyle business run for the management and their high wages. AVOID THIS THING. I cannot be sure consolidation has gone through. Where are the results of the GM and the resolutions?
First buy was under 8.0p and I have been adding. I certainly see these shares back up over 40p by the end of the year. I see consolidation coming with another sports/protein group. If an offer comes it could be as high as 60 pence. Perhaps a sale of PHD. That must be worth more than our market cap. The rest comes for free. Great buy guys. Lots of upside here on improved trade, and better wholesale whey prices. Looking very good imho STRONG BUY
Farn contemplates alternative short- and long-term financing options. One of those alternatives is most certain to dilute shareholders.
Downbutnotout
I may be a Lemmon but when the shares are consolidated ( yes there becomes less shares over all as they are consolidated) there will be a point in time when they will need to raise more funds. In fact the very fact that they consolidate shares it gives them the opportunity to issues shares that they would not have been allowed. The GM is the time that they were supposed to announce that all the resolutions passed. Now it seems they are discussing it, so we do not know if consolidation has actually taken place right? Was consolidation approved? Who ever voted for it is actually voting for more shares. When I say more shares, it will be more new consolidated shares. Fact is everyone is no diluted to death. And the board get their pay as usual. Everyone who bought into here has been buggered over and over again. Hopefully the shareholders have voted no. And the gravy train and confetti has ended. RIP.
The company is in the process of taking further advice in relation to the capital reorganisation and the associated resolutions proposed that it had planned.
Now what exactly are they discussing in regards to the consolidation? Was it approved? What other associated resolutions are going to be changed? There is a spanner in the works here somewhere.
Is this delay really down to questions? Has the resolutions passed or not? They should know. But it seems there is now a discussion taking place in regards to the consolidation. Looks like it has failed to pass. So this board now cannot reveal the new number of shares the company has, as it is an unknown and has been for a week.
Could be the end here.
WHO HERE VOTED FOR CONSOLIDATION? YOU KNOW WHAT IS COMING NEXT IF IT WENT THROUGH? MORE SHARES.
VOTE NO AND LET THE COMPANY DIE A NATURAL DEATH. WHO WOULD VOTE YES ANYWAY? PURE MADNESS.
If shareholders do not vote for consolidation, the company cannot issues more shares and then is unable to get more funding. But why would anyone vote to be completely wiped out? This looks like it could delist. The gusher would have to be plugged and abandoned and know doubt the administrators would do that.
That Turkey drill was always going to be the last drill. And it was always a duster, and dressed up in confusing RNS. The larger perforating gun was always a play for time. Talking about time, it is time the gravy train ends. Vote no. Let the company be would up. Forget the hydrogen storage. It needs more cash and no one want their paper any more. The gusher was never a gusher and people have bee led up the garden path long enough. RIP
If shareholders vote for reorganisation and consolidation, they are basically voting to be diluted to death. All investors will be wiped out in the mother of all consolidations. They will all be wiped out. Who will vote for it? Better reject it. VOTE no. Let the company go under and die a natural death. Why throw more money after good?
With another major duster that is nothing else that is prospective. Dorset is years and years away of being monetised. There is only a future of more dilutions. Investors have already been wiped out. Why would they vote for more shares? Do they have a death wish. Funnily RiverFort Global Opportunities PCC Limited and YA II PN Ltd are the only people that have made money out of this.
Of course these people will happily take more shares. I wonder will they take more shares in order to cover shorts (if they ever did such a thing) These people fund companies on AIM and do well on it, and that is odd to do that in a death spiral. I wish I knew how this business of funding does so well.
Everyone else should avoid this. More dilution coming. And the death spiral will continue when and if consolidation happens. Shame
RiverFort Global Opportunities PCC Limited and YA II PN Ltd
The company had no choice but to do a consolidation. It was always on the cards. Of course the real reason the consolidated the shares is because they are goin to have to issue a lot more shares and the price is below nominal value. Every investor here now will be wiped out. The Gatwick gusher is basically non commercial. And with Turkey just giving another duster, the company has little room for manoeuvre. Now if it wants to get back to the UK and get hydrogen, and hydrogen storage in Dorset, you can guarantee that the company will be issuing more shares. History of failure does not seem to put off investors and their money and no doubt that will be buyers.
Lets be honest Turkey drill was always a duster. Bigger holes by the larger perforating gun still did not allow flow. So another non commercial play to add to the Gusher. Every investor in this company has been wiped out. Any future investor can only expect the same. Glad I sold out a while back when it was 1.5 pence.
Haha. Yes I was wondering why UKOG had a market cap of 250,000.
Going up. Trend broken..