The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Why on earth people are selling is beyond me.
What part of POGs financials points towards insolvency?
Sorry invest, I read your comment as NEVER seen them involved with sales.
I think it's a move towards an acquisition.
Really?????
BDO do a lot of corporate finance and due dilligance for acquisitions and disposals. My experience dates back to when they were BDO Stoy Hayward, maybe things have changed.
Ohhh Poprin, don't be a silly billy.
"It’s possible the LSE will be having words if this goes on much longer."
Based on what?
No one cares
Tomski o lu has 1 share at £8. Ignoring fees, he's in profit.
Clueless
Why would UMMC get all the assets on default?
The debt is 200m so surely the asset security is for the same? Usually taken in the most liquid form, cash followed by gold. How much gold do POG currently have?
Has any investor got a copy of the loan agreement that has been passed to UMMC?
I'm from Chelsea, can't afford to go back unless POG goes back to the moon
Sorry Lawrence, didn't realise things were that bad.
I invested for 500% in 2 years time.
Give your head a wobble. You really don't believe the nonsense on here do you?
I personally can't see how a court would issue an order. I also can't see a case for administration. Its been a long time since I handled an administration.
Both parties are unfortunately somewhat hands tied by issues outside either control.
Be interesting to see how this plays out, I have an idea where it will go, which is why I'm holding firm. Just a few too many issues to be overly confident.
Splice, how would a sale via an administration actually work?
Bearing in mind POG is a UK company and regulated via the FCA regarding administration process.
For someone who hasn't bought any shares in SFOR you seem very concerned.
Maybe you should wait until after the financials have been released before thinking about maybe investing any money?
A double delay on the financials is an irregular occurrence, I think it raised enough eyebrows for the slight risk averse to jump ship. I'm not surprised it dropped really, and I don't blame people for selling up to protect their money.
I'm not concerned to the point I see another big drop in SP. I used to be an Accountant/Auditor, so I know how rubbish Auditors are.
I'm not sure we'll ever know the real reason for the delay, was it a poor audit file presented to PWC, did PWC allow enough booked hours, has covid caused that many staff absences, is their lots of detailed work required due to the many acquisitions. It's probably a combination of a few things, but likely we'll never find out the real reason (unless it's really bad).
IMO It may drop slightly, it might go up a lot. I'm happy for it to sit in my ISA for the next 10 years. 2 or 3 years from now and the SP could be many times higher, if they keep growth up.
Barclays (ISA) always have hugely different rates to my separate traditing account.
Old article and not sure if previously posted. So Audit was up for tender and they stuck with deloitte for 2020.
I wonder how many firms actually tendered, and those that did will already know enough about the company could move quick to be appointed.
https://www.polymetalinternational.com/en/investors-and-media/news/press-releases/15-05-2019-a/