The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I must admit I am a little surprised by the RNS.
With the Dec 21 HNWIs losing 95% of their investment, if they have stayed the course, I wasn't expecting them or similar to stump up more cash.
I would also have expected the offer to be at a greater discount to the current share price, it's not attracting me. I might wait and see if this downward trend continues.
Good to see you're still around Luton.
You're right this could fly on the right news, but it could also follow its current course of steady decline. Personally I will probably get the buying urge sub 50p maybe closer to 25p.
Since I followed your advice and sold some on a spike so that the rest of my holding is free, I am a lot more relaxed.
All the best.
Zylo, initially they dropped.
Every share consolidation I have had has dropped.
They then rose, eventually I sold out with 75% profit.
Bought back in on the Covid drop, currently 150% profit, but has been higher.
You won't leave the party.
Prior to consolidation I had 450,000 shares in BIOME.
The consolidation was 430,000 to 177.
After consolidation I had 177 shares and £7.07 being the sale proceeds of the left over 20,000 shares.
Sensible strategy Potnak.
Having been burnt on VOG, SOU and YELL all of which I had been in profit on at some point, I was more than happy to seel 100k at 2.3p to leave the rest on a free carry.
I will probably sell another 100k to bank a decent profit at some point.