Member Info for sphinx100

Alf/gix Agree with what your saying , but in the last Rns the first paragraph says “Capital structure and funding update

The Company remains keen to minimise dilution to shareholders and remains focussed on moving into profitability as its revenues from Fruitflow increase.” Wonder if SL has had a quiet word with If about more dilution, speculation on my part ,but they do seem to be making a point .

Last trading day of April today , payment due to DSM , I assume it must of come from increased revenue! as we are unaware of how else it will be paid .

By-health sp up over 10% after Q1 results , it seems China Is back open for business

With 2 interested parties with large stakes I think it is inevitable that a move will be made for the company imo

Previously, BY-HEALTH has successively released the research results of the world's leading anti-aging substance PCC1, the first large-scale study on NAD+ and aging in the Chinese population, and the research results of Qingluosu on improving blood flow health in the Chinese population. Functions and new technologies, including the patented strain LPB27, which has been independently developed for 7 years, have been implemented on the product side.

Last week, BY-HEALTH's sub-brand Yep achieved a breakthrough in raw material technology and released the GAGs collagen peptide product. It continues to create differentiated

Now might be he appropriate time please Bh

Health food registration:
Since the repeal of Technical Standards for Testing & Assessment of Health Food (2003 Edition) in 2018, most of the registrations of new health food products in China have been suspended due to a lack of testing basis for functional evaluation.
However, according to ??????[2012] No. 107 (National Food and Drug Administration [2012] No. 107), nine health function evaluation methods are currently valid, these are:
antioxidant;
assisting the protection from gastric mucosal injury;
assisting blood sugar reduction;
alleviating visual fatigue;
improving iron-deficiency anemia;
assisting blood lipids reduction;
alleviating lead excretion;
reducing body weight; and
clearing and nourishing the throat.
Moreover, several new regulations on evaluation methods of health food functions were issued for public comments on November 24, 2020, and January 13, 2022. We believe that the new evaluation methods can be implemented in the very near future, and products with the 24 permitted health functions can be registered smoothly.

https://www.cirs-group.com/en/food/faqs-on-health-food-registration-and-filing-in-china

You only lose money if you sell , hold tight take the divi and wait for inevitable rise ,only traders really worry about short term loses .

The biggest question being , are By-Health a prospective or actual customer at this moment in time !

I suppose the response of the customers including By-health of their need for ff over the coming 12 months could be crucial to how much we need to raise , if By-health are ready to launch the demand could be far more than what DSM hold so another production run will be needed and that will cost a lot more than the €200k to pay for existing stock .So the next few weeks could be crucial to the future of Pxs ,let’s hope it’s good news and the sp will respond accordingly .

Ok fair enough , I think we are all a bit peeved with the time it’s taking and it is true that carrot dangling seems to be part of IFs strategy , also keep in mind that they have to raise funding of some sort ! so a low sp at the moment might make that easier . I hope we get the update soon on the way they intend to raise that money (or not) my preference is that the new income is enough to cover the €205k needed .

Wellsite you’ve gone a bit negative lately , have you sold a few by any chance !

“Capital structure and funding update

The Company remains keen to minimise dilution to shareholders and remains focussed on moving into profitability as its revenues from Fruitflow increase.”. It seems to me that maybe SL might of objected to more dilution ,and who could blame him .imo

Interesting that this write up also points out that” renewed interest from a truly global “. Provexis PLC - Reading, England-based producer of heart-health functional food ingredient Fruitflow - Updates on its capital structure and funding. Expects the group will need to raise further equity finance, or potentially new loan finance, in the coming months. Based on success of previous fund raising and the current performance of the business, continues to have a reasonable expectation of raising sufficient additional equity capital or new loan finance. Highlights renewed interest for Fruitflow. Committed to buy more than GBP550,000 of inventory from DSM. In direct contact with more than 50 actual and prospective Fruitflow customers and is seeking to ascertain the likely demand for the next 12 months and beyond, with particular regard to the best before dates of DSM's remaining inventory. In talks with DSM regarding extending initial inventory handover period. In talks with third party who may be able to hold inventory on a consignment basis.

I like this bit ......”These announcements have helped to generate renewed interest from prospective customers for Fruitflow which are part of truly global businesses.”. Note the “renewed interest”. Now which truly global players had a lot of interest 10 or more years ago !!!

As I read it pxs legally only have to buy another €200k from DSM and the rest is subject to testing to see if the best before dates can be extended, no one really selling this morning just Mms playing silly buggers again .

I meant to say our share of profit not income ,income should be considerably more !

Dr I’m not sure we will make a profit for 22/23 , if the AA agreement was a 60/40 split in Dsm’s favour then our £97k cut would mean dsm took £145500 , if this has continued into H2 total income would only be £485k not enough to put us into profit . Of course a lot of ifs there !my feeling is that it was 80/20 split in favour of DSM which would give us a small profit ,in which case an Rns should be on its way soon ,and of things might have improved in H2 with lockdowns coming to an end ,and the ff+ income would be on top of that so hopefully another £160k to add , this is just my opinion and as you know I could be talking out of my backside again but we can all dream a bit it’s been so long coming

Keep it quiet until Thursday ,then I can get the rest of my shares into my isa .