The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
"When Michael saylor asked Peter Wall what would he do if MS was to give him £500m."
Haha yep.. I can't believe he managed to contain himself..
Well Michael, if I could, yes please umm I would build a giant slide for the locals so they coukd splash land in thier new swimming pool, 2 slides Michael yes 2 slides, I do two slides, I'd come in over budget, don't worry I'll use more shareholder money but also it's OK because Peri will study the ripples from the splashes and invent new immersion, can I have it Michael, can I have it.
I reckon that someone will buy it up at around 4p ish.. Helios is worth *something* but the real jewel in the crown surely has to be Peri's home brew immersion system which I am sure was ground breaking and worthy of many patents.. Think of all that lovely IP that can be bought.
1)Someone buys it around 4p and it is dissolved
2) The board clingnon for dear life and finance with as much debt as they can get hold of so they can keep there jobs a few more months.. The company then delist.
3) massive share dilution happens which buys another 12 months.
They should of done a share issue and sorted out the funding side of things when I was talking about it several times a day.
I think everyone is a little too critical.. Think about that lovely swimming pool that was revamped.. Argo made a real positive difference to thier lives (until its not maintained again).. Yes its taken many many millions of investors money but atleast the locals can take a dip.
As I have always said.. Funding is the issue, always has been for the grand plans to be executed.. People would prefer to give it "the big I am" and keyboard warrior thier way through... Its why I pulled right back on posting here..
Now we will hear about those caught on a spike, crying in thier cornflakes about how they lost thier 500 quid house deposit
"Lots of buying
Not sure why it's down"
Because those buys are actually sells... Yes i suppose technically its both but it happens when there is high market movement and the transaction happens on or around the mid price.. Usually when the reported spread is large and then transactions go through well inside the reported spread.
More selling pressure = price down
Price down = more selling pressure
You don't get higher share price by increase selling presure
Conversely you don't get lower share price by having higher buying pressure.. The market makers are there to make the market.. They are not evil entities.. They try to hold the minimal amount of shares as possible they make market by matching buyers and sellers then taking a commission on the transaction (the spread).
What is reported as a buy just means that the transaction was higher than the stated mid price.. Nothing more, and at times they are not accurate at all.
Hope there hasn't been too many tears in the cornflakes or house deposits lost.
The drop/pull back was predictable, which is why there is no point in the loud mouths (fingers) jumping on those who say that nothing has fundamentally changed for that rise to of happened.
Congrats to those who got in and out with some extra money in thier pockets.
If you landed on the spike, don't worry, you would of just lost it on a differnt share anyways
Muscles
"Time for chuz and chae to go long"
I only ever go long, I havn't shorted a stock in over a decade.. What I am getting at is that the same fundamental issues with the company remain, I have a feeling some folk are going to get spiked, the we will hear all about them crying in thier cornflakes because they just lost 500 quid and it was the start of thier house deposit...
You do realise that the only reason it's up is because btc is up yea? Nothing transformational about the company, if btc does what btc does and drops it will take the share price with it.
Just saying, as like what was said the other day, you pay your money and take your chance, there's no way to really know, just risk mitigation and personally calculated probabilities
"And Pearls investments following the demise of SGI? According to Pearls on the SGI board, DARK And HBR.
Karma got you Pearls."
I expect the next step is a large placing at unfavourable pricing to keep things going... Many many moons ago I held a lot in ntog nostra terra oil and gas.. It amazes me they manage to keep going but its the share issues, turns it into junk but keeps folks in a job
I've not been following properly as I couldn't get over the funding issue I saw BUT I am now wondering if anyone has done any fag pack net assets value for the company. I don't have as much time as I once did so havn't looked at it but there will be a price that argo is attractive at for its assets alone.
Anyone worked it out roughly?
"About time this pyramid scheme just died is it ppl only buy it so they can trade it to a greater fool for higher price then make real actual money honestly is anybody actually buying bitcoin and saving it with a idea to spend it like a currency in what 10 years or more or r ppl really realistically just buying it hoping it goes up in value then sell it for real money ya know speculating basically"
That's true, just like all the muppets that by stamps and art for £MILLIONS. they could quite happily buy an exact copy of the mona Lisa an dput it in the wall to look at it in all its details but no, some pillock would pay $100 million for it. Don't even get me started on those silly matchbox cars which people pay ridiculous money for when they could have a brand new one made of better quality.
$70 million for a vintage car which is rubbish in every way compared to a mondeo.. The world is nutz.. But that's the game, be in it or out of it the choice is yours.
@Chaebol
"You got your eye on any crypto miners at the moment ? or you waiting for the next ramp to get out ?"
Im thinking if we get a bit of a run then mara and riot are easy money, whether or not the run will be sustained who knows but I think they are sitting ducks for multiple 10-15% short term trades, in and out like the okie kokie.
I'm sat on a decent size loss at the moment but I've been a bit preoccupied with life stuff.. I'll return a bit of focus to this soon though as my building work is almost done.
I hate my rigs just sat there doing nothing, like having a lazy employee that you can't force to work... I'll figure out a way though, just need to come up with a more efficient setup.
Yea all good here, been busy with some pretty significant renovation work and sorting a lot of stuff out..
Lost a small fortune on crypto but still in the game although my miners are now off for the summer, the economics don't stack up for me now with power costs.. sad days.. But I'm sure I'll have them back on once I work out the flux capcitor and some quantum entanglement.