The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
laura
they were market leading in 2021.
they have spent two years making almost none. any they have made seem to have been discounted.
they have lied about orders delivered or sent. see 2023 new year updates followed by trading update mid year.
they fail to inform anyone of any delay, alteration, plan. their sums don’t add up and it seems to bother nobody.
the design of their kit has changed but there was no update on that and the cost affect. new materials needed, old materials rendered useless.
and recently they have paid massively over the odds to raise money. someone tanked the share price selling a few 100,000 shares.they new company used that as a reason to drive a better deal which stinks to high heaven.
both companies use same broker extracting huge fees.
essentially the good old shareholder gets treated like ****e here.
and this is it. if they mess this up they are dead and buried.
all that said. there is some demand not matched by anything other than one notable order.
they have medical clearance in a lot of places worldwide. eu expected this year i think.
so they have lots of market open to them.
they just have none to sell and despite having all year have seemingly made almost none of the first or second model.
there will be january trading update that will make it very clear how great the future is. ‘jam tomorrow’ is their byword. you will hear of ever expanding opportunities and markets and that this is the time to push on ‘with confidence’.
that is usually translated as ‘there will be another delay but we will let you know 5 months after everyone else’.
ron rauker will tell you ‘he likes to hit his numbers’ but there will be no evidence of any numbers being hit.
if you read their latest updates ‘direct to consumer sales have trebled’ but the lowly shareholder knows not whether that is one unit to three units or 1000 units to 3000 units.
you can therefore assume it is closer to one unit to three units because if it was 1000 to 3000 units they would tell us, the price wouldn’t tank as it has…. it would stabilise and the new team of crooks wouldn’t have the ability to screw us over.
whether other companies have something similar only time will tell but two years wasted producing not much other than opportunities.
for most of us, the best result is a good year followed by a takeover by a bigger better placed company. one who is not happy to give 98% of the company away in exchange for a signed photograph.
so…. i think the trading update will be dire. will barely mention sales. and the price will drop to 15p
1-2-1 parity with new company will remain
if you invest i’d wait for the trading update. if you invest set yourself an exit point that is actually reachable. if you are in at 19p i’d get out at 30. that is achievable
but you now have 25,000,000 new shares owned by wealthy people who are not locked in at all. and they
For me they have spent 2,000,000 borrowing 5. Plus fees!
It’s cheaper than American Express but more expensive than the worst credit card you can get!
Only upside… the only upside
Is that they are worth £5million
At £24 million mcap 17p… puts them at 3.5-4p valuation
So it’s not all bad.
I’m off to see I can remortgage at this attractive rate with TMT.
Rob ‘I like to hit my numbers’ Rauker
Utter joke
This is stomach churning sh£te
What a ridiculous price to pay
Interconnected people in both companies
In at 17p
And 5,000,0000 sells before anyone else gets close to a return
It’s disgusting
Sell some shares John
Drive down price…. We can nick 66% better deal.
Only sell few 100,000. That will do. Over a few weeks so it looks natural
We all benefit fella and nice few 100,000 notes each and we get to f&uck over those investors who have stood by the company
Why am I surprised
Just bent. Smells bent. Looks bent. No hope in next 5 years of recouping
40p tops now
Who the hell runs their business this way
No idea where March 4th came from
If that’s the case then that’s another 6 month delay on top of all other delays.
This share is rapidly developing a whiff of dead and buried
They seem to have done nothing since September. Trading update in January will, of course, promise more jam
But 4th March will see us at 15p without news!
I just don’t get why you can’t head to a bank. Show them 6500 orders that contain 5,000,000 profit along with an agreement assuring 36 million… and not just borrow!
This was their last chance. Their last year. Sadly we are all drowning with them!
Don’t panic though. DTC sales have trebled from nobody knows to nobody still knows.
And they have shipped or about to ship a few more.
Sad… pathetic… but utterly typical
If Paul Hill can’t get hold of them…. We really are fo£ked
How do you get a result like that and the stock goes down
Its unfathomable
This wasn’t priced in
Must be heading there
Looks like news is coming
Large drop and news is due about now
Not a good end to the week but defo a sign news, unusually, won’t be good
Delay delay delay… no deal…. Delay…. No money… new bits needed
Oh and delay
But we live in hope and my natural positivity will see us through
Good weekend all
New year results due and increased activity I feel
Maybe some early signs
They have 6500 to make
My guess is they have made close to none despite 2,500,000 being made available outside of this deal (or thereabouts)
Not a single explanation of numbers. Without the money they are dead. The 2,500,000 seems to have done little.
You know it’s bad news because they publish all good news immediately and we are the last to hear of bad news
Not a single number hit. ‘Trebled’ direct to consumer. True it will be. But is that one unit to three units….
Literally naff all news of any substance other than more people to sell to.
Not a lot of good with naff all to sell. Last year’s numbers were lies. The total income was nothing close to the ‘out the door or soon to be out door’ numbers they stated yet it seemed to bother nobody on this board.
And nothing seemingly produced in three months worth any sort of mention
The next news will be the deal is off…. Or that they want more for their money
Either way the delay has certainly slowed or stopped production to almost zilch
Now they have a new sieve??? Makes it last so much longer. So money on inventory wasted… more time wasted…. And a new improved product to make when old one wasn’t being made much anyway.
They have them over a barrel! They will need another refinance even if this deal goes through.
Delay and excuse…. And don’t believe anything until you next have numbers
Actual numbers . Not 5000 out door or soon to be out door. Just want to hear how many made and how many paid for
The rest is noise
So you can tip this share all you like…. If it don’t head north from here it’s dead anyway… but announcements can’t be trusted until they are confirmed and numbers follow
Appalling comms from this company which tells you why they are here in the first place
I’m here to get my money back
So no digging me out. I’m here… but can someone actually enlighten the shareholders please. The delay….. what is happening and why the hell is there no news
Happy new year to all