The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Interview out shortly apparently. Should be interesting!
There is only one man responsible for this complete shambles:
ARTHUR MILLHOLLAND
He is an ABSOLUTE DISGRACE of a man and a CEO. The decimation of the SP lies squarely with him and his contempt for shareholders. There is a placing coming and I sincerely hope that he is ordered to cut salaries, admin and running costs before anyone hands over a penny more. If not, he will continue to shaft shareholders until he is booted out (and he can take his pathetic stooge Cathy with him).
And yes I am angry - not at the fact that there is a placing coming, but at the way Arthur has conducted himself over the last couple of years (whilst drawing a MASSIVE salary for doing jack) and his utter contempt, arrogance and obnoxiousness towards anyone that questions this.
Remove Arthur and the company may become investible again IMHO.
This was not factored in to the SP at all!!
MMs going to shake this as has caught many off guard IMHO! Going back up right now!!
That’s a loss of 3k in a couple of hours.
A bit odd.
News is due in next few days hopefully
Buys are coming in again.
The rise to 29p and drop down again was caused by the £38k buy. A bit of an odd trade but it doesn’t change the fact that this is oversold and news on the proposal to GoB is due very soon.
Has got to be worth more than current price and worth a trade if nothing else imho.
Looks like it.
Maybe they were put off by certain rampers?
Exactly.
That is not chump change. We are in a period where newsflow is expected and could come at anytime.
Agree mate - although they are probably the same person!
The fact is that everything has been running approx 2.5 weeks late since the delay with Power China - this means that we should get news re proposal to GoB in the next few days I think! This has also been oversold and is due a rise based on technicals to IMHO.
The JV with Power China was due by end of Dec but was delayed by approx 2.5 weeks so this has impacted the original timeframe.
The proposal to GoB was due end of Feb...so following the same timeline above, the proposal is due for submission right about now.
This has consolidated at around 24 - 25p for long enough. There are plenty of catalysts that should drive this back up. Technicals are looking good for a nice reversal too!
https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=GCM.L
The BOD own 40% of shares in issue. They will be the most diluted if they were to place at these levels. Cant see them too keen on that.
The RNS today just confirms what has been said twice already. ALL OPTIONS ON THE TABLE.
But think about it logically, why would you extend the JV process if you are going to raise the money yourself via a placing?
Think of it like Brexit, no deal has to be on the table in order to secure a deal as otherwise you have no negotiating power.
Yes, and if you look at their history they all seem to post in DEV or RBD...hmmmm...
Looks like we have a few posts being deleted quite quickly...
I think we have a few individuals wanting to get in on the cheap...reminds me of the RKH / DES days. ;)
The farm out data room for Irish prospects was opened up in July 2018. I’d say they’ve had plenty of time...CEO most recent interview suggested could be sorted in weeks.
They could have raised when SP was over 60p a few weeks ago...instead they put out a RNS about delays and knocked 1/3 of the SP...
Annoying if the rumours are true...still not sure what 'deeply discounted' means? 10%? 20%? 30%? All just rumour at this stage I suppose...
Doing the rounds...very annoying if true!
Why the heck would they raise at these prices?!
4.2p was paid yesterday.
Once we have a clean break of 4p this will really begin to motor.
Lots of news flow in coming days / weeks...the important one being who the Major O&G company will be!!!
I assume that 10 M trade is a sell and is what has caused the drop?
I think everyone is worried about a placing - they literally have weeks to organise one as they will be out of cash come May (June at the very latest but then they would really be out with the begging bowl).
In the event a placing is organised I hope it is done on the condition that Arthur and his cohorts reduce their salaries and cash burn otherwise all your are doing is funding his lifestyle while he enjoys another year of being incompetent and delivering zero for investors (but getting paid hundreds of thousands for doing so).
Looks like some are spouting rubbish for a cheaper entry / or are shorting this.
The drop is overdone IMHO. The BoD are experienced and they delay to the bid round is not because companies have dropped out but because MORE COMPANIES ARE INTERESTED!!
I don't see how this can be seen as a negative. When this bounces, it will bounce hard IMHO.
I must say, its funny how James Atkins and Profit is Profit are often pumping or dumping the same share...
I agree Draft. Vox is never a good sign. Plus the SP has not been able to break 4.3p since the morning.
I'm guessing there is a placing on the cards at around 3.5pish...