Member Info for PI100

Winning feels out of the question either way. I know the government are a total basket case and think nothing of wasting our money, but you’d like to think that if the legal team on either side thought an outright win/loss was likely, then a deal would be struck. So I guess we have to wait another 6+ months and waste hundreds of thousands of £ more before we get there.

To even suggest that £3/4/6 is in any way achievable is absolutely absurd. We are valued at 39p and there is very little demand for what we sell. We’ve made a loss every year bar one since floating, and that was covid. We are being sued form every penny we own and more. We have a BoD who give us pie in the sky figures then roll back on them 18 months later without much of an explanation, we miss targets set out in RNS announcements (remember that “we have new products coming on stream in Q4” - what was that Q4 2021? 2 years ago.

We won’t win the case outright so the best case we may agree to just call it quits so that leaves us with circa £50m but the cloud removed. That may get us somewhere near £1 but talk of multiple pounds is bonkers.

Great questions Wilson, thanks for representing us. And to bh for the transcript.

The fact that JM said the £100m isn’t credible should come back on him as wasn’t it his mouth from where the words came? It was either misleading or so inaccurate that you have to question the man’s suitability for the role he is currently in and the one he held before.

So in summary, it continues to sound like they don’t give a hoot about shareholder value.

Val, our board couldn’t run a bath let alone a listed company. What makes you think they’ll select a decent lawyer?

Plus, the government have unlimited funds so will get the gold plated bells and whistles lawyers. And knowing that lot, may just bribe the judge anyway. They will get away with everything they can in their final year ransacking this broken country.

that would need about 70+ m in the bank to be £1 based on cash. factor in 2023 cash burn and money we are ******* away keeping yg afloat.

there is zero chance we win the dispute outright. government is bent and we have the worst, weakest bod you could imagine. be amazed if we get a neutral outcome.

Swag. This share is never going back to £2.30. Never in a year of Sundays. £1 is a dream.

Remember when porky/DRB83 said it was insane this ever went below £2? Well yeah, here we are almost in the 30p’s.

To be honest I wish this company would just go bankrupt and put us out of our misery.

So are we to assume that the current CEO sat in an investor presentation and simply lied to everyone? And is still in the job?

Company is rotten to the core

Absolutely give him a go. The current mob is a disaster. At least like HC says he may get some upward swing and that may be enough to tempt us all to sell and get out at a less awful price. The company is dead anyway, it’s just a matter of time when. Personally I’d rather sell at a quid in 6 months than 5 years.

Good, hope they were severely delayed.

So, who said the £100m organic isn’t a thing anymore? Jm?

Who said £100m isn’t a credible figure? Surely not JM, the bastard who originally said it?

the way it’s going it’ll still be killed off but just a lot slower with the current crop.

3 shareholders at an in person agm means they’ve successfully ****ed off pi’s enough not to care and clearly the rest are in their pockets and keep voting them through.

did any payrises get approved?

how much does jw get paid for his one appearance a year?

They may as well just hand over to LR. Give him a go. What is there to lose? It’s literally death by a thousand cuts with the current crop.

Who knows how many couldn’t get their votes registered? Mine were not accepted and whilst only 1574 shares, would have been a resounding no.

10% down, what the **** was said?

In what world have shareholders said “yep, JW has done a great job over the last three years, let’s vote him in”

Total stitch up. Jobs for the boys.

Anything noteworthy so far? JW kicked out yet?

GL why would directors buy in? They know from the inside how rotten this company is.

3 shareholders could make it. Wow.

Down another 5.5% this morn. Relentless.

Swag, it hasn’t really transformed the company though, we’re valued at very similar levels to 5 years ago, well before covid was even mentioned. Although you could argue we were massively overvalued then.

Another 5% off today, looking to end the year at 52w lows and the board will be off on their Xmas hols celebrating bonuses and pay rises.

i think it is a tad harsh to assume lr will run this ****show into the ground any more than the current mob. £0.45 per share from where it has been is a testament to their incompetence.