The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
They have said end of this week if sale/fianancing does not progress, they will start ‘planning’ for administration. Now this may or may not happen as it’s due…why would the suppliers ‘withhold’ the cash receipts unless they are trying to stitch this company in the time of need?
Whilst the Company's cashflow model shows positive cash balances to the end of March, the Company's Directors are becoming increasingly aware that certain contracted cash receipts may be withheld, therefore bringing forward the date, absent any further funding, on which the Company can no longer solvently trade.
I’ve ever seen, and considering the company involved I’m gobsmacked truely lol…well you learn something everyday!
Now this looks like MMs are playing us all…
You guys touting placing this isn’t going to happen, it pays to read RNS properly, it’s under a strategic review & formal sale process.
seems this way according to this article
saietta launches aft140i axial flux motor in delhi for indian market
https://*************.net/saietta-launches-aft140i-axial-flux-motor-in-delhi-for-indian-market
Should see a correction from here, all to play for…watch and learn but as always dyor
Missed this in the RNS today, it seems they already have an approach, wonder who this could be?
RNS Extract…The Group is in discussions with a potential offeror which are at a relatively early stage. As described above, the Board emphasises that a sale of the Group is only one of a number of strategic options to be considered under the Strategic Review. Another option under consideration is to seek investment in the Group…
Only on AIM…and considering this is a strategic supplier it’s absolutely shocking. Heads need to roll but buy-out is on the cards, has to be it’s too good of an opportunity for any competitor now!
GL hopefully you can empty the board now that you’re out lol
It’s fine fella you win some you lose some…but this is overdone as MMs shaking every man and his dog being Fri afternoon. Seen it too many times!
What deramping nonsense, every share is a risk on the markets lol…this one is just higher risk hence the the decimated share price right now. Risk vs Reward…different for all.
There is no way gov would let this go into admin…likelihood is we will see a buyer. Its strategically too important.
From the RNS NONE…but I’m going off the official RNS than from Joe Blogg poster lol
‘Cash flow model’ is a tool but it still means they have cash till end of March. So why twist the wording it still broadly means the same!
They are still cash positive till end of March 24, so better to sell if you can’t do than bleed this out.
Whilst the Company's cashflow model shows positive cash balances to the end of March, the Company's Directors are becoming increasingly aware that certain contracted cash receipts may be withheld, therefore bringing forward the date, absent any further funding, on which the Company can no longer solvently trade.
TW knows jack all…years ago I gave his articles some interest, and guess what he cost me big time…and still after years reeling those losses. In my view serial deramper, knows nothing more than you and me (if you researched)!
Ooop it looks like you’ve sold too early lol…going to be a hard watch now!
What profits you talking about fella lol…you look at the chart by any chance!