The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Looking at this for the first time and I have looked at a lot of posts and vkdeos.
It seems a great product and will be very much in demand I expect .
But bulls and bears below has mentioned my concern ie this is not just providing technology ,with little cost and recurring revenue. It is also providing a plumbing service .I thought CF looked a bit evasive when hedealt with ,saying thsat the plumbers neednt be employees .But so far we are seeing adverts for employment .
So three questions-how big that workforce needs to be in the medium term ,and how big an overhead will that be compared to the income ,and importantly will this impact the ability to scale at speed .
It is net income after costs we need to consider and I havent seen any real commentary on that eg how many plumbers would you need per 100k devices.
In other words this isnt purely an IOT tech play-it is also a service provider with labour overheads.
Can anyone point to where this point is addressed in a bit more detail ?
Cheers-it is on my watchlist now
Woody I have been invested on and off here for years. I am not wrong. The braveheart special divi was because they had enough distributable reserves at that time. They have none now. The phase focus has actually reduced those reserves further. This is the difference Don’t know will hunting. Btw. Cheers
Funnily enough the three faces of eve is on this Friday bbc 4. Have a watch tintin 😀
WOODY I REFER YOU TO MY POST ON 5 FEB -THEY CANNOT PAY A DIVIDEND-THEY HAVE NO DISTRIBUTABLE RESERVES- ITS ILLEGAL
Hope you’re right terrym. Some news would be nice !
I am not sure there will be an update tomorrow as I think Paul said it took 7 weeks for the kpis to be notified to them by the customers. That was the case last year. 22 Feb. So the calendar could be wrong. We will see
Tintin canonised !
The revenge of Tintin.
Surely they have a plan b eg DC subscribes the shortfall? he wont let it go now after all that work?
its so amateurish .
The company does not have to confirm a fantasy is a fantasy -dividends are not possible as it has no distributable reserves-people have told you this already . filtered
I think the placing is already determined in principle- ie the investors are known and will confirm monday- it is not an open offer- see example from feedback medical below ,who later on the same day confirmed the bookbuild went thru - so no need for the details etc as they are not looking to us to fill any gaps
looks like DC has pulled it off -all credit to him
Proposed Placing and Open Offer
Feedback plc (AIM: FDBK), the specialist clinical communication company, today announces a proposed conditional Placing of Placing Shares with institutional investors to raise a minimum of £10 million in aggregate before expenses at the Issue Price of 0.7 pence per Placing Share. Funds raised will be used primarily to support accelerated revenue growth through both private and public healthcare revenue opportunities within both the NHS and other healthcare systems in the UK and overseas.
In addition, in order to provide Shareholders who have not taken part in the Placing with an opportunity to participate in the proposed Fundraising, the Company is providing Qualifying Shareholders the opportunity to subscribe, at the Issue Price, for an aggregate of up to 71,428,571 new Ordinary Shares, to raise up to £0.5 million.
Tintin the saviour of Rome !
Thanks IB -nothing really new there and you could sense his disappointment at the pace of new trials and contacts but at least they believe in the product and are sticking with it.
Still no notice of results ......they may be thinking tender news imminent -hope so .
The three faces of eve ! Look it up young uns. A film
I see no reason in theory why it can’t list again from scratch if all the listing conditions are met.
But there must be a question around the directors trading insolvently if the auditors reject the going concern status ?
All very depressing.
With a view to relisting maybe in due course ? We can live in hope if so.
Get
This is like being on death row hoping for a last minute reprieve. How did we flat here.
I wonder if there is a plan B if they don’t meet the deadline today.
He had a lot to sort out in fairness and not all in his power eg negotiating payment schedules with creditors ,undoing the start art transaction
Voices in your head tintin?
Dear tintin,I never said you did -you posted an accounting deadline extract which was OUT OF DATE ,and said this was where they got the extra month from . Wrong ! I am afraid you are too hysterical to be an investor, and frankly have just been a nuisance.
In view of the probable impending end I defiltered you ....same old story .