RE: Webinar26 Nov 2024 11:34
Hello Metaltiger. Poolbeg is fully funded and no chance of any near term fund raise. All present programmes have already been financed and the 10m on hand in June is seperate to this. Cathal is the largest shareholder and as such seeing the largest loss for the moment. He is unhappy with the share price and attributes it to investors wanting a deal coupled with International factors, such as US Elections, Ukraine and inflation. Most shares down except a few US Golden Stocks. Believes Markets will turn up next year on back of anticipated Ukraine deal. As the largest investor in Poolbeg he is very confident the right deal on Polb-001 will be reached. Extensive interest for Polb-001 which shifted as the focus changed from Flu to Cancer. The company is moving to ensure the real value is realised for shareholders and that an inferior deal is not signed in haste. The Glp programme is fully funded and likewise if successful will be a blockbuster. Polb will go on the Nasdaq vut timing depends on meeting entry requirements. So my view. 1: definitely do not sell. Hold shares and be patient. Ignore the gloom and doom merchants. Price may drift as some sell whilsr others look to talk share price down and gain a cheap entry point. No cash raid needed for a long time. Very confident on seeing multiples on IPO share price in the next few years. Deals on any of the products could happen any time. Cathal said he would not be concrete on timelines via RNS but that as the largest shareholder he would not be wasting his time talking about Polb-001 et cetera and not making major changes if he was not very confident. Patience is the name of the game. No worry about cash. The bechets oprhan due dilligence going well. Good news will come out of the blue and not be signalled beforehand. Company costs are minimal.