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We definitely DO know that they need to fund raise, it was in the “puff” analysis by W H Ireland.

And I seem to recall that the FD in the Vox interview said they had enough till April this year?

Someone correct me if I’m wrong. That’s my memory.

It’s amazing how your perspective changes if you are out of the stock.

Actually I’m still in and underwater with those shares, but I sold a third of my position when someone wrote that there’d be no announcement in the FDA submission pending negotiations and that there was no hurry with NICE either. Most people thought he was lying, but I believed him. Still do. He was right.

So I’m actually happy for the opportunity to get back in at a lower price to that I sold. I hope I haven’t mistimed it and there is a big move up on Monday. But if there is, my main holding will prosper so it’s win win really.

And at least playing it like this you’re happy to see it go down. Buying and holding is way more stressful!

Exactly.

And they ARE very much targeting the UK. The CEO in that Vox Markets interview said that they planned to launch here this year and to agree a bottling deal.

And that there would need to be a cash raise to finance it. He didn’t say it explicitly but this must be a dilution, right?

To be fair, someone on this board said he had spoken to the company and we wouldn’t get an RNS on the FDA submission until discussions were concluded, and that the company were shadowing the NICE announcement, and no one believed him.

Actually I sold a third of my position as soon as the market opened. For a very small gain, I bought those shares after the recent drop.

The thinking was that we are going to drop over the next few sessions as the news is a few days away, and I’ll get back in at a lower price. It certainly worked today at least.

Maybe, as you say I’m stupid. We’ll see.

It just feels VERY weak in the absence of news. And if we don’t get any over the next few days there should be time to get back in at a much lower price to what I sold for today.

Perfection in trading is an illusion.

System are you talking about FDA approval, or guidance from the FDA as to which approval application track to pursue, followed by said application?

Maybe it’s a mug’s game to try and predict short term share price moves, but whilst there was obviously some profit taking after the big move up caused by the NICE announcement, it’s hard to see, logically, why there should be much downward pressure prior to the announcement of the submission to the FDA.

Who wants to be out the stock then? The downside risk is limited, whilst there is a significant chance of a move to the upside. It’s an obvious time to be patient and hold for the next few days even for ultra short term traders.

But then when did the stock market behave logically? So who knows really.

True.

But there’s every chance that the FDA submission is announced early next week. On the earnings call the FDA was slated to give it’s written reply to the December last year meeting between the end of January and mid February. In other words now.

In my view the announcement of that submission will be a positive for the share price. We know it’s coming, but the wider market doesn’t.

We should be getting an announcement about the FDA approval process soon.

On the last earnings call in late November they said they had a preliminary meeting with the FDA scheduled for mid December, and they expected a reply from the FDA by mid February. That is now.

This will affect the fund raising too, because there are cost impacts of an FDA submission (whichever route they agree with the FDA as best) so they can’t finalise that until they hear back from them.

But if it’s been received already or is about to be, we should expect some news on next steps within the next few days.

THEN there may well be some interest from the big boys. Or not. Who knows?

I don’t have an agenda. Just rather bored with the markets right now, and filling time.

There are some positives in my view but it’s all a matter of timing. Once TP finally sells AND they get the cash call out of the way, then I’ll look to buy. Maybe.

I think that will be somewhere south of this, you presumably fear missing out on some big move upwards once TP are out. We’ll see who is right.

That’s assuming YOU are genuine and don’t have an agenda yourself. It is pretty clear to me that there have been posters on here pumping the stock up so Taylor Partners can sell into the rallies. I’ve no proof, and I’m not naming names, but it would hardly be the first time a small cap, thinly traded stock got subject to message board manipulation. Either here or in the US.

There are probably a few retail longs finally capitulating, but you are right, the volume is coming from TP unloading.

The reason it is cratering the stock price though is that there aren’t many buys. As someone said he found it almost impossible to sell the other day. Not being able to get out if you need to except at a huge loss because of a lack of volume? It doesn’t get worse than that in the stock market.

So when they do finally finish, taking the price down to God knows where, who is to say that volume won’t completely dry up as we await the cash call? Who in their right mind is going to buy just before that happens?

There’s no good news coming from Burt. He haven’t even admitted that the Head of US Sales who left more than three months ago, isn’t still with the company yet.

The cash call isn’t far away. They Finance Director on that call last year said they had enough to last till 1 April, right? That is weeks away now.

TP have totally screwed this company.

Taylor Partners will have been very glad to find some small scale retail punters to offload their shares to. It’s taken them an age to exit such a thinly traded stock. Months and months. It’s been a painful watch.

You have to wonder why they’re getting out, don’t you? Or at least I wonder, maybe nobody else on here does…

Actually, thinking about it, maybe some posters on here know very well!

Oh! I was excited for you, mate. Just the sort of partner I’d like myself!

If you want a comparison look at Fevertree. Their revenue is in the hundreds of millions and they only listed on AIM in 2014. EISB was founded in 2011 three years before that.

I can’t track down their revenue increases year on year (or rather can’t be bothered to) but it’s simple mathematics to work out that at a 15.5% year on year increase on three million doesn’t cut it..

We’re looking weak today. News of a cash call leaking out??

Even if you believe long term I can’t see the argument for being in the stock until that has taken place and is out of the way. But I’m all ears?

What an underwhelming update. Wow.

Someone said that it is is a tiny company and that their partner’s bonus is higher than the entire EISB revenue. Exactly. That is the whole point. Small (shouldn’t we say tiny?) companies have to grow fast to become profitable and survive and it should be easy for them to do so because they are starting from such a low base.

A 15.5% increase in revenue in a multi billion dollar company is a lot of money in absolute terms. But when your revenue is a measly three million it is the price of a small flat or very nice car. It’s nowhere near a good enough performance at this stage in their development, in fact it’s pitiful.

The second biggest shareholder is dumping their entire holding for a reason.

To answer your question, Dave, I’m a former shareholder and a potential new shareholder again at any time.

Still no mention on the website of Mark Zonghetti’s departure from the company.

His linked in says he has been at Ghost Tequila for three months now. Just google his name and East Imperial and it comes up.

We don’t know why he left or who if anyone has replaced him in the key role of Head of US Sales. Silence from the company, which in itself is a sign of sloppiness and a culpable lack of professionalism.

But he must have had a high proportion of commission bonus in his package. Plus maybe stock options? If he left of his own volition it doesn’t indicate great confidence on his part that future revenues would pay him the big bucks in commission or a higher share price. Ghost Tequila offered him better financial prospects, or he’d have stayed.

If he was fired, what did he do wrong in US Sales, and what does that mean for the next results in this big growth area, with its new distributor deal and bottling plant?

Who is running US Sales now? No replacement has been announced yet he’s been working at another company for three months. Does that mean no-one’s been minding the shop since he left? Have they hired anyone else? If so when does he or she start?

I’m not a shareholder any more, but if I were that wouldn’t be good enough for me. They need to communicate what is going on.

Tony has not just mentioned a UK launch in interviews he’s also talked about a UK bottling deal

Of course that’s the sensible next step post launch here, but are they running before they can walk?

It’s a very small company. There’s only so much management bandwidth.

Fair enough. I have made many many mistakes in the stock market and could be wrong here also.

Good luck to you, I can’t see it myself, but maybe your courage will be rewarded.

Agreed the share price is likely to fall below 2.

I really can’t see the justification for being in at the moment, since there has to be a cash call soon as the WH Ireland note, (informed by the company obviously) points out, and the second largest shareholder is dumping their whole position just before this takes place..

I can see the long term argument (just) but can anyone make the case for why this isn’t a falling knife at above 2? I just can’t see why, even if you DO believe long term, you don’t sell now and then buy back in later at a lower price?

As someone else has said, institutional investors who tried a takeover because they thought current management were’t taking it anywhere, got rebuffed and are now selling out!

Short term it’s all about TP, whatever the results. If they stop selling the SP has a chance of rising fast on reasonable, not even stellar results, as it’s quite a thinly traded stock. But if they want to completely liquidate their holding then they’d sell into any rally and stop it in it’s tracks. They’ve been unloading for months and the SP has gone nowhere because of it.