The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Not at all I was actually being sarcastic.
I had been posting about the incompetence of the board for their failure to commercialize and lack of competent strategy back in 2018 and was attacked by Salinger etc, but now they're allowed to give their vote of no confidence in the BOD unchallenged?
I will forgive them, they're obviously a bit slow on the uptake and have only just realised the obvious incompetence of QFI BOD - most of us LTH's realised it a while back! Maybe it was the KSA shaped carrot being dangled in front of them by MK & boys that blinded them... either way i do hope Mike & Jason have been enjoying a good party on their over inflated salaries!
@salinger and @46gillingham You guys are clearly shorters trying to deramp the price. Stop posting on here your negative comments about the company and leave... if you're not happy with the company then sell up! Oh wait.. you would actually have to own shares in the company to do that!
Agreed BP. While it is understandable that LTH's are aggrieved with the lack of progress, ultimately this is a high risk small cap company, there was always a chance QFI would fail to commercialize
Some good news today! QFI to hit 50p by december
haha @slicksandwets @boyporsche
Both the Blue Paper and Toilet Paper serve the same value as this White Paper!
Here's to the next RNS actually being newsworthy!
I don't understand why a white paper is worthy of an RNS?
These white papers are just marketing by companies to attract investors explaining the product and how it's going to solve a problem which is fine, but from a regulatory point of view does that really need to be published as an RNS?
£1
Some good news. Hope to see a formal announcement soon!
@boyporsche Lol.. fantastic news! At least there are some perks from all this! Going to fill up the motor now!
Oil price is worth less than $0 lol... WOW!
@Ganners62 I feel you, QFI need to step their game up and get a contract.
However the SP fall today is not related to QFI's failings - it is based on Oil Prices falling 30% triggering the biggest daily fall in the FTSE for 12 years. It has affected pretty much all companies,,,
The oil price is what has caused FTSE drops and drops across the board on markets today - so it is relevant to every forum today
Wow 30%! Oil price has tanked!
@indigo22 I think if QFI can survive this period and commercialize with Morocco and others - who knows Maersk might be back on the cards. As you’ve said - they’ve not delivered for their shareholders recently
@jackg I like your positive thinking - fingers crossed we can finally move to sign our first commercial client!
@jackg thanks for the info. So if positive outcome from the first part of the trial- Early Q2 April we could move onto fesability studies and then larger trials..
If all is positive when do you think we could see a commercial contract and roll out?
Fantastic thanks for sharing @BFSCo - Obviously the trial is scheduled to start in the next 7 days - do you know how long this trial will last ?
You're welcome @LGO happy to share my thoughts
@LGO-fan.
Appreciate your comments and I hope I will try to add my insight when answering your questions -
1) The way you have to look at it is this , after 15 years trying to succeed - either A ) They have an "intelligent idea" but a product that ultimately the market doesn't need - so there is no fault with their business development strategy, it's just not a desirable product destined for obselesence or B) They do have a product that fulfills a need and can help the bottom line of it's clients but their business development strategy has failed.My personal opinion is the latter, and that they do have a viable product but that QFI's failing has been it's strategy on actually marketing this.
When working in the MENA or LATAM regions you need to understand those markets and be on the ground there with local language speaking QFI executives - you cannot rely on third party introducers because they ultimately will not be focusing solely 100% on QFI. That's my opinion, I may be wrong but if I was in charge of the company, that is what I would be doing.
2. Regarding funding others on here probably know more than me - "The initial tranche of the funding from the Investor is in the amount of £2m, and it will provide the necessary funding to continue the activities noted above through to June 2020, with up to a further £2m of funding available by way of a second Convertible Security after one year" this is what was stated in QFI's 23rd August RNS. My understanding of QFI getting the second £2m from Bergen would be subject to actually showing real progress in both share price and opportunities. 2020 is literally the last roll of the dice for QFI and failure to commercialize this year will mean they will go out of business.
@Indigo "the share price is fantastically cheap" - Erm no, actually, it's priced at what the market values it at... it's not expensive, it's not cheap.. it's just what a QFI share is currently worth (and fairly considering the lack of any real tangible progress)
In Dec 2017 it was around 20p on the back of Mike Kirk actually saying he strongly expects KSA to sign.. fast forward
just over 2 years and KSA flopping just like Maersk and others... and it's fairly priced at 2.5p.. it's definitely not cheap.
Now we have no strong pipeline or imminent deals, only opportunities and a potential Morocco project in very early stages and one which the chairman himself has said is "small scale"
On your comment on whether it could hit 4.5p - I don't doubt it could do that given enough news but as we have seen in the past it will flop back down again unless they actually finally sign a client and commercialize this 15 year old business..
As for the SP to move 80% up to 4.5p on the basis of Morocco, I actually agree with you here but it's not going to happen quickly as it's still very early stages in this project