The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
It’s not hard to be debt free when you have only ever been able to obtain death spiral loan notes!
The fear is that they have been able to destroy quite so much shareholder funds, and transfer money from the company to related parties.
They have done an excellent job.
All in my opinion
Wow!
So you have lost 90%++ of your money and still happy with the company and BOD!!??
Quite incredible
Lol of course they read it SHS!
You might remember some rather harsh interventions they made to get BD suspended. And the squad of lawyers they spunked several hundred thousands on to defend them from shareholders revolt!?
No word from Nicely today. I wonder if he was just mindlessly ramping, or whether he actually dropped 10k or so at 0.67p?
One thing is clear…more posts on the forum than trades made…
Someone paid 0.67p yesterday.
That is a pretty rapid loss. Shares traded at 0.4p this morning
He has been pumping this all the way down, confident of success at every crash!
Malcy is such a stand up guy looking out for the plucky PI.
Callit- where will the money go now it is in the company bank account?
Can’t see any reason To trust this BOD to invest it wisely given the track record.
Management need to go. Full recapitalisation required.
The SP reaction says it all - The market doesn’t trust the BOD to turn this around.
Hi Nicely.
I suspect buyers at 0.67p may have been done over. Time will tell.
Usual story. Ever lower spikes followed by decline.
The business needs recapitalised (as well as a good refresh of the board). The current BOD are no-hopers IMHO and will struggle to secure even death spiral finance for the planned AD investments.
A few of the usual suspects on here trying to dress up this old Mutt.
Fact is that the directors and their associates do very well out of Scirroco at the expense of other stakeholders. I can’t see that changing.
I fully expect the cash to be wasted on general expenses. Perhaps a token “investment” to make it look like they are adding value…
Damage caused here by the BOD is significant, however good to see a chance for some LTH to get out with a little dignity.
Sell on news IMHO. Not much to look forward to here now…
Https://www.energyvoice.com/oilandgas/north-sea/538666/sheriff-questions-whether-just-stop-oil-protestors-were-taken-advantage-of/?utm_content=169753020&utm_medium=social&utm_source=linkedin&hss_channel=lcp-5053468
Something needs to be done about this group that seems to target / attract the mentally unwell.
“ They became involved by seeing leaflets around town and went to a couple of meetings.
“They are quite vulnerable.”
She said her client suffered from mental health issues and was “reclusive”.
‘Quite quickly after the protest they regretted it’
AA - longstop relates to deal completion, not ministerial approval.
The long stop still needs to be extended if the deal is not signed and sealed before next Friday.
ARA are NOT legally bound until they sign the paperwork. (I don’t think it’s likely they will pull out, but there are no consequences for them if they do…)
Davde - if he can pull something off then great. Acquisition still seems impossible without funding though. Bank finance is extremely difficult.
No the steal would be to let the deal fall through and demand repayment of the loan…we know what happens if SCIR can’t fund their percentage of the costs…
Davde - problem is that significant investment is needed to grow and make the company profitable. The begging bowl needs to make an appearance IMhO.
Tanz gov have done their part.
As I understand it ARA under no obligation to sign. They might have changed their mind in the last year?
It’s been over a week since ministerial approval. Looking at another long stop extension at this rate?
ARA could drag this out if they wanted. Really put the screws to the BOd5.
Or even pull out?
The long stop stands I’m afraid lads. We are still waiting for the deal to complete.