The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Why on earth would UJO fund raise? If the Company was to fund raise it could only be for a remarkable deal otherwise I cannot see any reason why the board would risk the annoyance of long term shareholders and further undermine the Company.
The share price is being decimated at the moment and in my opinion it could be the result of individuals that took part in the placing and were hoping that they may have been able to make a quick gain and had not planned to hold on to the shares for very long hence the selling. I thought the interview with DB was encouraging and put to rest any worries regarding the profitability of the Company. Hopefully the financial accounts at 31st December 2021 will give a strong indication on were the Company is although results would not be out for a few months after but we will never the less get an update by then. Currently down 75% on a very large holding so looking forward to the new year.
Only results showing massive profits and CPR showing that assets have long term value will be the only thing to move this share now. The share is so toxic it will need something very special to move it I am afraid. Personally do not think this will move until March 2022 as long as we do not have a market crash by then.
Why would the Company have a share buy back. The Company in order to reach its goal of amid tier company will need to spend and develop assets. I hope you are right as only a share buy back or a dividend will help this share rise.
The problem has nothing to do with shorting. Volume is tiny and market makers mark down the share significantly. Unless we get a update showing we are making significant money share price is not going to move up. Company has to demonstrate that profits will be made and that the well has a life span and is just not a flash in the pan. My break even is at .54 so absolutely getting hammered on a significant investment. Lets hope some good news will be forth coming.
Share price is being hammered will only start climbing when management gives an update on how much money is being made and Wressle is revalued. The accounts at year end will hopefully reflect the financial improvement and share price be reassessed . It will be a much longer wait.