CEO leaving to peruse other opportubities.16 Dec 2025 08:56
Obviously, the CEO leaving to seek other opportunities show there are limited opportunities here. And maybe it’s the end of the road and the gravy chain has dried up. However perhaps there is one last placing before it all ends in tears.
Trouble is with this company is that the format does not work, contracts do not cover salaries, and nothing has changed. Renewing contracts cannot change things. This company is a charity that needs funding as it has never been or will be profitable.
The next placing around about February could be its last. Failing a successful placing its curtains. Even if a placing gets away it has to issue so many shares and raise too little. PYC is in the position so many AIM companies are when the share price falls so low it has to issue too many shares and then raise so little, the company is no longer a going concern.
Then let’s take note that cannot issue more shares when the share price is lower than nominal value. So a consolidation is also on the cards. Not good for any holder here who has already been through 2-3 other consolidations.
The CEO leaving should be a pointer to those who still need one. The company is NOT a going concern without the continual placings. It’s the same old, but it seems there are many still living in blind hope that the company will finally make money one day. Let’s see in February.
AVOID