Member Info for Pingu777

If no one has come in for EVE now then they never will. No one’s waiting three months before making a move. We know they were in talks with a small number of interested parties (I’m going 2). Conversely you’d imagine some sort of talks are likely if the FSP process hasnt been concluded.

Why do you have to make it so difficult for everyone to post?

I’m posting my views! They’re very simple. I don’t need to write a 2,000 word dissertation! I think it’s fairly logical based on what we know personally!!

Don’t we get a ‘no deal’ update? Or an FSP concluded?

Exactly stxx

Admin is a last resort. I’ve taken it off the table from my view as a tactical play.

Surely some news should be due soon? How many weeks have they had now?

Hopefully it’s a sign that the time is being used to positively. Certainly more chance of something positive taking a longer while than a ‘no deal’. Imo of course.

But the supply chain, returns, repairs etc will just stop if they go into admin won’t it? Who’s gonna wanna buy it after that for example?

If you (bigger fish) want the products and distribution then you have to buy it pre admin surely to continue things smoothly and ruin the brand for the customers?

Last word. I win!

Wyndrum, lots of words being used between you and investinme but it’s a seriously tedious read for investors haha. Can anyone give us an idea of share price targets? Estimates timescales to an offer? What is plan b if no offer?

In terms of your q about the price being held down when buys are 2 to 1 I’d agree, that’s how I see it too. But I also saw us moved up by the same MMs the last few days on minimal buys. So I think the daily moves are just swings and roundabouts personally.

I hope for someone to offer of a buy out or an equity stake but of course have no idea really what will happen. There is definite upside potential from here but also the risk of complete loss. So it’s a big call to make! 2.5% of my pension pot says they won’t sink!

You pays your money and takes your chance. For all this invested with much higher averages I hope beyond hope there’s a materially positive offer due or an action plan of sorts that can give EVE the chance to restructure and grow!

It all feels very precipitous with a yes or no to a large equity investor. Although is no priced in at this SP? With a small premium for a potentially successful deal being done?

My view is also they have a plan b for now if nothing materialises. But obviously not sure how long that may last.

Anything in particular pushed you further into the negative groove? There has been no formal news to form a new opinion from so just wondering.

We could do with an update. Limbo isn't fun at all. Fuels the fear.

No, i’m Alan Rosenthal!

Ronnie's brother, I told you! ha

But seriously, no one with 1% holding 'averages down'. Averaging down is a mugs game. Invest with conviction and if you believe some sort of success is around the corner.

Ronnie's bro sees success topping up as he is.

I think EVE has a reasonable future. Its a gut feel, brand, product etc. Expenditure just needs managing properly!

I assumed they earmarked capital for marketing purposes based on predicted sales

Then the sales dropped

Thus resulting in marketing overspend

This chasing of growth is an expensive business.

in simplistic terms for me the Board wanted to continue expansion and sales were up last year and early this meaning they were on track to break even. Sales have dipped since the inflation/recession problems which although EVE could see fixed expenditure trimmed potentially to reduce costs this will stop the expansion they have been targeting.

So new money is needed to chase expansion. No new money would mean trimming costs and settling for stagnation…

I know this is a simple outlook and things are more complex than that but it’s as I see it.

The cashflow seems to have been completely mismanaged to have burnt so much cash of late but that’s a different matter.

Would a new investor trust the current CEO to continue? It remains to be seen. The evidence for the CEO doing a good job isn’t great though.

Good point DG. Only RNSs due for certain scenarios… that we can assume haven’t happened yet.

Simba talks fell through in 5wks. No falling through
Talk updates as yet which is a positive. Also as you say we know a small number have progressed to due diligence stages.

So overall I’d say there are reasons for optimism as things stand that something is being sorted. New capital was needed to continue expansion as per the RNS.

For longer term holders though this alone is not enough. Any deal needs to be satisfactory SPwise

It would be nice to get an update at some point soon!!

In terms of timescales and how long this is all taking... does it infer anything about how advanced the investment raising project is?

ie the longer it takes for an update to come the more likely it is to be a positive one? Or am I clutching at straws?

Surely if no one was interested then we would have heard by now

Bit of confidence …

Yes indeed. Eve is still turning over products though and earning revenue and therefore assumedly meeting payments on the inventory funding.
Sounds like the facility is still open now. I would have assumed if the lender didnt like the risk of EVE going into administration they would have halted the facility by now.

Ok, the age old 'no one likes to hear the negatives' is a potentially plausible angle.

Its not that I dont want to hear the views. You simply only post negatively devaluing your observations similarly to a happy clapper imo. As I said before, Is it not logical to assume if you were simply of a contrarian style looking to oppose most posts then would you not offer alternative views to more negative posts too?

Recruiting is not RNsable news. But people piece together the scraps of info available as best they can. One could say the info has influenced the SP more buoyantly the last few days from how low it has been.

Eve is indeed in quite the precipitous position. You're 'but, but, but' posting style finally got to the point of me needing to comment. Apologies if you think I am a blinkered investor.

For the record, if we are dropping 'recruiting staff' into either a negative, neutral or positive category of info then my view it has one leg in neutral and one leg in positive.

Wyndrum

Although you claim to act as a voice of reason countering positive posts with plenty of alternative whataboutery

I don’t see you countering negative posts with any positive whataboutery

This behaviour is indeed in line with someone who is not invested

So although you do make the odd valid point I find reading your posts ultimately quite tedious as you have a clear agenda

Whether replacing staff or not, tell me why they would be recruiting staff if they are going into administration?

As well as managing downs side they usually make it hard for you to buy at good levels as well when a stock as a good chance of going up a lot.

Maybe there just isnt much stock around at this level across the board, who knows?

This is understandably a lot of investors place to come and moan. The SP had been very frustrating. He takes it to the next level imo weirdly so.

But this most recent phase of progress as we move materially closer to commercialisation is an exciting period. The price is incredible if you have free cash.

Not my fault you got in significantly pre clinical and expected too much too soon and didn’t understand how long things take.

Trial results are irrelevant to the rise. It’s like you’re trying to talk the potential down? Not trying to be repetitive but you are talking up timescales? How it might all take so long haha

What if CBR partners with big pharma? Or CDX?

While I await more homophobic abuse I’ll just suggest, once again, you don’t own a share.