PYX Resources: Achieving volume and diversification milestones. Watch the video here.
Nice post mcadder, this should all help us in the long run. It adds strength to our case for why these projects are important
And resigning will not save him for any regulatory consequences, in financial services you are personally responsible for things. So I should imagine he disagrees with them, or is unsatisfied at whatever findings they've made and wanted to look into.
Who knows? The fact the FCA are looking into them must mean questions are being asked about their risk controls etc, which is what was indicated in the initial RNS. If anything is found to be at fault the company may be fined.
The fear with crypto was that china were coming in hard with regulations - one of the biggest cryptoexchanges used by europeans is Binance which is headed by a guy called Chang Zhang, or CZ as people refer to him. The entire crypto market took a swan dive but some of the coins have been recovering.
He must have been immensely proud of seeing this company through to becoming a licensed bank, I too would be shocked to see its shares suspended. With 26 years of service he has probably earned a retirement at least. Thankfully, this company has been solid so I am not too worried. There are other companies out there that I would be very concerned if their talented CEO had resigned after carrying the company on his back. But I believe PCF is a solid business so I do not think we will be too harmed by the departure.
We will simply have to wait and see what the issue is. If it's relating to their financial controls I suspect it may be due to AML checks and customer due diligence, maybe about the know your customer or treating customers fairly principles. It is quite hard to lie about liquidity ratios and I don't think they would have arranged any creative accounting so let's see what the issue is.
Nigel can you give a quick summary? cheers
Killik picking up a few more. The markets have been down recently, cryptocurrencies took an absolute plunge this week too.
As long as they weren't audited by KPMG we should be fine
Could this be a change of reporting periods? If the company's liquidity ratios etc are still fine and business is still good I am not overly concerned. I don't think this company will do a Carillion and suddenly go bust after reporting supposedly fine accounts.
I suspect it's a move to the main market, personally. Either that or the company being taken over and taken private (I was in Aldermore bank when this happened). Hopefully at a nice premium to the share price. But of course I want long term value so I am hoping it's a move to the main market.
Anyone wondering what the announcement is? Takeover? Merger? Or moving the shares to the main market?
Tonyh maybe you think a bit more in-depth, afterall INFA bought those "bankrupt shipyards". Did you not notice the reason H&W went into administration in the first place is because it was owned and mismanaged by some kind of oil company that were only interested in how they could use it to help their ventures? They weren't interested in carrying on a fabrication or engineering business.
Thankfully JW and team with came in and saved it, and now have generated INFA's maiden revenues with it, and expect cash break-even by the end of this year.
Read that again for those of you doom and gloom types. We could break even this year
I would be happy to sit at 25p, that would actually be profit for me
I hope so, it's about time this company's share price started to go up instead of down (yes, I am sorry for the moan, but I don't do it very often so forgive me once)
Let's not forget local jobs and economic benefits too!
Crypto mining will slow down because Nvidia are adding hash rate limiters to their next range of GPUs because no normal people can buy GPUs for their computers (because they all get bought up and used for crypto mining or bought en masse by a scalper who restricts supply then sells them at a big mark up).
Institutions can and do read everything, unlike a good number of morons I see frequently posting here
If you can't help but think this is death throes you probably either can't or haven't bothered to read all the RNS put out recently
mcadder that video is gone, is it available on the website?
wrkmq you are obviously an idiot, an account with 2 posts comes in here calling the RNS disasterous, into the green filter bin you go, tw@