The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I think the most likely time for any news will be October. Very few deals are completed in the summer recess and most people in the city go away and leave it to a few clerks to manage whilst they soak it up in Cannes etc. Chin up people and dont let the doom and gloom merchants get you down.
He wont answer, never does. I suspect he is that former disgruntled newfoundland worker who PDF or ENEGI did not {allegedly} pay for their work but can't prove it.
Absolutely nothing. Some minor debate as to whether Lord Stevens inferred he was a Lord or didn't or whether someone inferred he was for him. In either eventuality its so not relevant to the issue of getting the Main Listing approved and raising 1 million GBP circa. Stevens is a Vendor of a business, and will probably have little day to day input in the running of the business, assuming it gets off the ground. I note from a Daily Mail article that this business has been trying to sell or market itself since 2013!
I am not sure what the relevance of this is, does it matter whether their lords or ladies or not. The only relevant questions are is is the idea a good one and can the company make money off it? Can it find other avenues to develop its business, or not? Can it get funding or not? Will the listing be approved by the LSE or not? Long gone are the days where being a Lord meant getting vast lands and wealth from the patronage of Royalty. Most aristocrats have struggled financially in recent years with death duties, rising costs of maintenance of their castles, many have had to dump art, assets just to stay afloat. Its not a gilded path any longer.
Deadlines with this company are a movable feast, I wouldnt get too steamed up about a target that depends on a lot of extraneous factors.
I don't think we have lost faith but there is no question that this is taking a long time and clearly, with the weakness in the markets, the price may not be as high flying as people originally hoped for. Also the longer it takes the more risk of something going wrong or someone pulling out.
No one has contacted the company, to the best of my knowledge, because such information will only be released via an RNS, although one poster below claims to have had Lindekin links with the business vendor of Guardian Maritime Marine. The matter is proceeding slowly, (allegedly), in part one suspects because of the summer recess, and partly because raising 1 million GBP for a company with, (currently), an unproven track record and small business may be proving challenging. The LSE also needs to approve the Main market list on what is a very embryonic business, albeit with a promising line field.
I doubt they will be any more successful in their latest reincarnation than they were at NUOG or MFDEVCO. They have zero experience in managing large-scale projects and very little resources to engage in tendering for them. My guess is that once they're spending their own money they will quickly give up and capitulate if the projects don't rapidly ensue.
A lot of the alleged consortium members did not follow the new venture which suggests that they sought to dissociate themselves from these honest hard-working members of the former MFDEVCO team. Something like this leaves a bit of a cloud, whatever they wish to believe, and a lot will do due diligence before getting involved with them?
The flotation makes sense for Stevens, Smith, C4, and all existing shareholders. It also makes sense for Guardian as a Main listing will give it the credibility it would otherwise lack. I personally think it would be a cold day in hell if it didn't go through in some form although obviously, the devil is in the detail with these things. Too low an opening could provoke mass disafection, and loss of credibility, too high and many may take the opportunity to dump. The company should reward holders through dividends, not mad spurts followed by massive declines. The best thing for this is an opening around 0.40p-50p or so followed by a gentle rise to the 1p level after 12 months.
The indication is that there has been no progress in raising additional sums and now that Crypto has cooled off it seems less likely that there will a renaissance. The fact that some former directors were willing to walk away from the monies owed to them the portents don't look good. The company tried and failed to launch an ICO for the UBERTOKEN but it failed to sell in large enough amounts. The costs of launching a rights issue for an unlisted company aren't particularly attractive. As yet no major white knight has come along to replace the Aussie who previously offered to come up with AUS 250.000, and in the end, he only came up with AUS 50.000 so it's languishing.
i think he means 1/3 of a penny not 3p for what its worth.
Dear Sir,
Thank you for your recent contact.
?We confirm that since April 28th 2021, the stock is listed on the London Stock Exchange again, however trading is currently suspended.
Please be informed that the London Stock Exchange is the only exchange where the stock would be tradable with us.
Please don’t hesitate to contact us in case you have any questions.
Kind regards,
Just been informed from my stockbroker that NUOG relisted in the LSE main market on the 28th of April although it's currently suspended.
One must not forget all the poor souls that invested in this at prices up to 2.80 GBP in the 2008=12 period. Their money has gone and many of them are dead and buried.
expect not except
If Marbur is listening to that podcast he must be getting upset and nervous :-) except another dismissive and hostile posting incoming on ADVFN :-)
Listen from about 35 mins in
Particularly encouraging to see YA GLOBAL is willing to take shares instead of cash in the new concern in exchange for their debt. This suggests that they expect the stock to become marketable and provide an exit route for themselves and their investors.
Straws in the wind say its happening, if only because Marbur is getting increasingly odd and extreme in his vitriol against Guardian.