The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Based on my last email from them I’d suggest we will have an update before the end of this week. If not I’m back to emailing them again and presumably will receive a ‘in another 2-3 weeks’ at which point I’ll write off the value and write off any of those involved with the business. Fingers crossed for some news.
There is that thing in my mind where I’m getting fobbed off with the same message over and over. It does sound like something where a governing body is being particularly difficult, still leads me to think it’s the CQC. Maybe it’s a cannabis clinic or something, on trend and an easy cheaper listing route. Just a thought.
Hi LB. I got this back.
Hi R
Yes the target remains the same as referred to in the 8 April announcement. We appreciate your frustration at the pace of things, which is shared by the Bould team. We are currently in the final stages of the readmission process and I hope that we will be able to announce some definitive news in the next two to three weeks, although I cannot unfortunately give any guarantees.
Best regards
Let’s see what comes back....
Hi Tim,
I sent emails in May, June and August. Your last email mentioned the covid-19 slowing the process but we seem to be largely in a functioning business world now.
Is the target the same as in 8th April announcement?
You mentioned hoping to be able to update the market and shareholders in the coming weeks as it is nearing the end of the process, this was four weeks ago. Is there any update coming?
I look forward to hearing from you
I’d expect nearer Xmas for firm detail and given our current Mcap if the news is substantial then we could be looking at a 3-5 bagger. If it was truly transformational we will most likely get purchased before that news is released, or shortly after and a ten bag plus.
Hi Tra1, no he didn’t mentioned CQC that was just my opinion/assumption. He said:
Unfortunately the relisting process has taken far longer than any of us envisaged, primarily as a result of additional questions the regulator has in the prospectus approval process as a result of the Covid-19 pandemic.
It could just be normal regulator, or it could be a regulator of the sector we’re heading in to. Never ideal to make assumptions but without any solid info it’s easy to slip into it.
It has provided me some comfort, though it wains from time to time as this is turning into an extremely drawn out RTO.
Rnorth
Thanks roobler. The curve has only just started!
Cheers Roobler. I’ve tried regional grants route but will look into EIS/SEIS. Website is up but needs a some tweaking, plus a short term supply issue due to covid but stock will be up again soon. Take a look cbd-gym dottcomm
I need to take something out this to fund my own business venture Start up. So tempting to approach a listed business though. Maybe BOU could RTO my start up ??
Sorry to be cynical but I don't really believe this, this is an anonymous messaging board with zero way of validating anything posted.
Rooblertwo, I was trying to help by sharing what I had. You’re more than welcome to email or call them yourself. The guys name is Tim Metcalfe from IFC Advisory.
I’ve had this reply from them and it’s making me think given the nature of the target we may be stuck in the regulatory body CQC who are notoriously slow! I feel better about this now.
Apologies that you haven’t received a reply to your recent message, but we don’t seem to have received anything.
I can confirm that the RTO target remains the same as the one described in the 8 April announcement. Unfortunately the relisting process has taken far longer than any of us envisaged, primarily as a result of additional questions the regulator has in the prospectus approval process as a result of the Covid-19 pandemic. However, we are hopefully nearing the end of the process and hope to be able to provide a positive update and details of the proposed relisting in the coming weeks.
God that could go really nuts now!
F me, really? Well that says a lot!!
Delisted for over 10 months and now they don’t reply to emails where they once did. I’m afraid I fear all is lost and that our ‘investment’ is simply being frittered away on salaries through C19 with no progress being made. Shocking.
Six years since we were suspended? I’ve had two children in this time and ones at school going into Year Two. Astounding how poor this is being run and handled.
Absolute con this share. All the positivity surrounding it previously and gold plays and then healthcare. Fact is, they’re playing a blinder at living off shareholder cash through lockdown and it will no doubt run out before we complete an RTO. They can’t even offer basic updates to shareholders, complete sh1 t show.
Today?