Member Info for philg65

And down she goes. Very frustrating, just when we thought that the rapid increase might have some legs.

GW, Perhaps they should be a tad more inventive and look at producing PPE clothing as this is hugely in demand. As you quite rightly point out, the existing machinery and material might not be suited (boom boom!) for the diversity.

Looks like it was a typical pump and dump. Needs an RNS to back it up.

Prime, good point about saving the company in 2016. Just maybe, he's here to do it again but I still think he might take this privately with much fewer legal challenges/hurdles to overcome.

Ironic that we were all doing the hi fives about Ruyi taking a majority shareholding over a year ago and potentially transforming the company......ah what bliss that would have been if it had taken place!

Geng, good point but it's not uncommon for an investor or investors to buy shares in the public domain and then take the said company privately. It involves less regulatory hurdles. Ezry might be doing this as a belief that the company is wholly undervalued at the current SP.

He may look to relist at a later date.

Prime, maybe I'm the cynical type but I can't help thinking that this is all a play and the scene is still set for going privately with the existing board members and this Ezry bloke as the main benefactor.

I think this morning's news may give us a little rerate and wider audience!!!

Excellent news and I'm sure Merck will be instrumental in getting this company back to its previous highs, in the long term.

GW, I seriously doubt if they're that bothered so long as they get paid and have received the bonuses! The private revert might be a secretive way for them to go back in without being subjected to public shareholders noise!

You would think that the court will pass favourable judgement in respect of the current climate.

Let's see if they want to be mean abut this!!!

I don't think they have any intention of exploring other avenues of assistance. They knew damn well that the new investor wanted this private hence this BS about going bust.

Only if I had deep pockets as I would possibly sue the directors.....they're probably sitting at home , smug with the fact that they're counting the queen's heads!!!!

All they have to do is shut down all operations incl suspending salaries (I wouldn't even furlough them) to the greedy directors. Resume trading once this blows over.

GW, the minute that Ezry was buying I think our directors knew his intentions so my guess that they engineered a plan.....wonder what that could be!!!

GW,

The Feb update, and only a month ago, clearly stated good sale growth with an award of a contract etc. Obviously Covid 19 has impacted on that:

"Whilst trading conditions have remained challenging, the Company continued to generate good sales growth for the 12 months to 31 December 2019, up 9% to $59.4m (2018: $54.6m) and expects to deliver a return to positive adjusted EBITDA** (2018: negative adjusted EBITDA** $1.0m). This improvement in adjusted EBITDA** has been assisted by a further reduction of operational costs completed during H2 2019."

Such a decent revenue stream. They must have been raping the company in their salaries ,as I previously alluded to. Likewise, very disappointed that they can actually get away with this.

DT, let's hope so. Like NicetoM, this is one of my bigger bets so was banking on some good returns even over the med to long term.

Looks like I need another shot in my expresso!!!!

The directors have bled this company and we the shareholders gave Ronen the green light with a bonus. Bet he's thinking..."it's sad news but I'm alright Jack".

Everyone should just go on furlough, switch off the lights and come back when they can resume business with Ruyi offering a deal which will ultimately give them control for peanuts.....keep it on the open market (for Shareholders sake) but with Ruyi now holding the Ace card for cheap production at a fraction of what they may have intended to invest.

Maybe Ruyi will provide a rescue plan....... and there flys a pig!!!

Not exactly doing the hi-fives but if it is taken over privately as a going concern, I'm hoping that us Shareholders will get something......

Ben knew exactly what was going on but is he generous enough to allow us to get even a sniff!!!!

Shareh, fair comment. As you quite rightly point out, shares investment is there to make money so a profit is money in the bank. At the mo, cash seems to be king and probably a wee bit of gold and/or precious metals!

I do believe that the the FDA approval will herald a marked improvement in contracts with a rerate due. Anything to do with Biotechs, pharma's etc seem to be the buzz for obvious reasons.

GW,
Once Covid19 blows over then hopefully in a year or two, we might see 50-60p........stranger things have happened and our new holder obviously thinks that there is merit in this company.