The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Merry Christmas Agricore
This chap believes what he reads!
This is Bell. Nothing is what it seems! They will need another fund raise. They are 2 quarters behind almost …. and not doing much other than getting larger population to sell to
I hope not but they are disappointing with the only thing that matters…. Sales
Bob ‘I like to meet my numbers’ has yet to meet a single one…. and now cannot even make a deadline
A deadline that has stalled all production…. Ergo cash…. Ergo cashflow
Produced nothing, likely because the have no cash despite 2.5 million being made available in October and 6500 units that need making… now waiting for this agreement and cash to be available to make stuff to sell to the 1.2 trillion people with COPD and COVID and all kinds of breathing difficulties in ever expanding markets
Delay… excuse…. Delay…. Excuse
You have enough markets to sell to
Enough people who need them
Right now it’s like wishing for a blo@dy unicorn
Just make the damn things
But deal must go through! I think they will go for a better deal! Why is there a delay?
Someone is holding it up! It’s clear they have done close to zip in last three months. Marketing and something else paused. So I guess zero cash and no loans ready if this falls through
No money equals desperate = don’t ask don’t get better deal
They have no plan b? So they have them by b*lls if any of this is a possibility
4 months on
Not a single word on production
They had access to £3million in October but still we hear nothing
RNS from August is below
But if they can’t get their act together by end of H1 2024 they are finished.
The must produce and sell, produce and sell. I assume cash is the problem and I don’t know why!
Still don’t understand with 6500 ordered why you don’t get your loan. Pay the 10% for the six months you need it… or 12 or 18 months…but you have wasted almost half a year allowing something that had the appearance of being unique, being left dusty on shelves
Come on VOX. Get an interview in and ask some questions
Remember Bob likes to hit his numbers. I assume he was talking darts
Pre-commercial launch orders by leading online retailers and medical equipment providers demonstrate the scale of the demand for this transformational product
LONDON, U.K. AND PLANO, TX, U.S. (16 August 2023). Belluscura plc (AIM: BELL), a leading medical device developer focused on lightweight and portable oxygen enrichment technology, announces that it has received purchase orders for over 6,500 of its next-generation DISCOV-R portable oxygen concentrator. This represents approximately $15 million of potential revenue to the Company, with initial production of the DISCOV-R expected to begin by the end of this quarter.
Following the pre-market launch of DISCOV-R and a patient usability study in June 2023, the Company plans a controlled roll out of the DISCOV-R this autumn and into 2024 to meet growing demand for the device amid substantial interest from medical device distributors, retailers, patients and durable medical equipment (DME) providers, among others.
The DISCOV-R is expected to be the world's first ambulatory two litre continuous flow, eight level pulse dose portable oxygen concentrator when it is released. With the ability to produce two litres of continuous flow and maximum single pulse dose volumes exceeding 110ml, the Company believes that the DISCOV-R will be covered by both CMS E1390 (stationary) and E1392 (portable) reimbursement codes, making the DISCOV-R a better financial option for the thousands of homecare oxygen providers. It will also produce nearly three times as much oxygen by weight than its dual flow competitors.
The recent purchase orders follow the signing of several distribution agreements with medical device distributors and other home healthcare providers, including a distribution agreement with a division of McKesson, one of the largest distributors of pharmaceuticals and medical devices in North America, earlier this month and a marketing agreement with GoodRx®, a leading digital healthcare platform, in February 2023. The Company has received multiple additional requests from leading oxygen homecare providers in the US to distribute the DISCOV-R.
The Company will update the market later this year as it plans its controlled roll out of the DISCOV
Now then. We did have 6500 discover-r units ordered!
Three months to make them and not a word about how many made in three (2.5months). Literally not a word
Surely you let people know how many you have made! It looks like none! None. 2000 should have been out door and money banked!
No further orders which must be a worry! In essence everything delayed and no reason given. They had money in October to produce and manufacture
Why nothing
Happy to tell us DTC has tripled! Awesome. From 1 to 3 units or from 5000 to 15000
They just can’t seem to keep things consistent in their messages
Just gives us some numbers
The absence of numbers is clearly an indication that they are hiding the worst
And they had millions in inventory.millions.
China could be their salvation. Doing v little elsewhere. But 10 months delay. Just enough time to have perfected a ripped off cheaper version
Ok… that’s one too many
But can anyone here tell me why 6500 ordered units are not well into production????
6500 units ordered
Not a word on how many made??
Inventory now useless so we are selling it to Bob over the road for jigsaw pieces
But we promise promise promise jam tomorrow
We will do better
Look over there… look at tomorrow…. Don’t ask questions about last three months
Bigbang… you thought of me… and that’s important
Merry Christmas
I do love a letter of intent ! Often followed by sweet f&ck all
The official deal still awaits that ‘mid December ‘
It’s 20th tomorrow
Anyone else wondering what the delay could be?
We will find out soon enough
Jam tomorrow people
Merry Christmas to you all
Half empty here
Huge sells at the death! 500,000
I wonder whether the news is a buffer for something to come. Due this week I think…
I went to HSA Singapore website to see if the device is there with an approval date to firm up any conspiracy theory! But blocked from accessing the page
I am here, going nowhere. But sells like that at the death always arouse concern!
Let’s hope it’s step 1/10 toward maximising their deal in the region! 55m max. But my guess is double that if it takes off and they can produce in numbers. 26.5m minimum … so we sit and hope
Keep the good news coming
GLA
Bigbang
I’m
A glass half empty man! I thought this was a good buy at 95
But at every turn it has been disappointing in terms of what is real. But I agree it has huge potential. Having lost so much last year, I am having to stay in work and now paying 800 a month more on a mortgage I shouldn’t even have! I think I’m just desperate to see this go north! I watched one go from 260p to zero
Another 210 to under 10
Another 160 to 16 (rallied to 25)
But on the balance of probability we can’t keep picking shockers!
Things still don’t feel right here! Nothing but good news but we are at 19p for a reason
The absence of meaningful updates is frustrating.
June 30th Paul hill interviewed. He has them in his portfolio and I’m sure he’s desperate for news but that was 5 months ago. You would have thought, if there was good news, that they would want it shared.
I think we need to know how many they are producing, selling.. what the quality is like, return rate etc. It’s not as if they are starting from scratch. They were producing the first model … this is just a better model. So what is the issue??
I need to hear numbers. Then we can work out their annual capacity and likely income.
Bob Rauker said ‘I like to hit my numbers!’
Since then he hasn’t hit one
And I did NOT like the sound of ‘rentals’. Said to me they ain’t selling the ones they plan to make
But it’s now numbers. They tell in Jan that they have made 3000 in Oct Nov Dec then their 6500 order will be done by end Q1 and in that time more orders should be in!
But numbers now. Not language about ‘reduced prices’ ‘500 shipped and 6000 due to be shipped’. Fluff
Just actual numbers
Bigbang…they go to £1, I’ll meet you for a coffee. My shout. (Small size obvs!)
It is clear that deal not gone through yet! I thought it had. So the new shares aren’t even sellable yet??? The delayed letter means deal can’t have gone through.
And they mention that the terms are the same! I wonder whether it may be dark forces… driving price a little lower in hop fir 3 for 5 not 3 for 4
Another delay
Utterly in keeping with delayed orders, delayed production, delayed payment….
Small company that has much to prove and is proving disappointing!
Time to up your game people. Nothing but disappointment when it come to material stuff….
Money, product and results.
People have placed millions with you and it’s time to show some results