The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
This is great Pension fund stuff and PC seems to have the same idea as me, scraping thru on the cash whilst stuffing the hedge with birds for later.
I will be buying some more with this months spare cash .. looking for returns in 2029 ..
PC is aware of the dreadful business tactics which go on, where a company like Toss will string the smaller company along, with delays and costs till the smaller firm is on its knees, hoping to bankrupt them and pick up the assets for a cent in the dollar from the liquidator, is that what we have here ?
So a contingency is needed, and for investors that means keeping the business afloat. The assets are huge, and the current share price is only 5% of "Fair Value", I would not sell assets to invest here, but its certainly worth a punt to keep afloat. If you are a true investor or trader, you don't gamble your assets, and accept than as soon as you have spent your cash its gone - like if you have bought an expensive single malt at auction, and just opened it. What you get back later is a bonus. I am staying long here, and looking for a five year turnaround. I can earn my investment back every month if I actually go out and work.
Its more common to file improvement patents on top of an existing patent, the other issue is that patents are made to be licensed or broken, and its more common for patents to be violated and resolved by licensing through litigation. The reason being that patents must disclose the technology, and very often there is a deliberate defect in a published patent to throw off the competition but in this case the device is so simple that there will probably be dozens of improvement patents, some made by competitors, which will be leverage in any licencing litigation. It lawyers gravy trains.
As soon as there is any movement someone sells a few million - clearly some price manipulation forcing it down - no-one with a grain of sense would sell 5 Million at such a low price, so its manipulation - someone wants a cheap takeover and they have enough cash to burn to manipulate it. Add to this the resident trolls and something is clearly going on in market land.
Hold all your stocks here, and don't let any go till we get "Fair Value" ..
In my own private trades, I sell the trash and keep the assets for the future, trading on trash to increase the hidden capital.
This business seems to be working on the same principles, not just a "Bird in the bush" but a slowly growing portfolio of assets.
The board simply need to raise more revenues to keep us afloat, and not by selling the jewels, but by selling the trash.
This is still the best price ever, What are these assets worth ? well we wont know till they are sold, and the cash position is not too bad, and overheads very small.
I still like this a lot, value is in the assets, someone else will realise them one day.
Entitlement to immediate profits is not in the nature of investments, the exploration and development of natural resources is not an overnight thing.
If you came here for a fast buck then its the wrong place, similarly if you gamble your pension its your decision.
My investments continue to be be small, but regular.
I have confidence, and live in hope that sometime in the next five years we can all see some returns.
This is the lowest price ever, so I will still put my "smoking money" here instead of the tobacco companies.
Live in hope and trust in others. Kindness goes further than entitled indignation.
apps with free trades ..
I would put £50 on it - and sell again by tea time ..
Icebank, I really don't think that your psychiatrist would be able to help Sheldrake, I would prefer if we could arrange a visit from a French specialist (Mme Le Guillotine) who would ensure that he would suffer no more.