SGS have been awful throughout this whole process. They initially said the trial would be complete by February, that was delayed until May. Then it would be 4 weeks for initial results which ended up being September. Then it would be a "few" weeks for full data analysis and its been another 8 weeks. We've been beaten by the vaccines and now we also have numerous antivirals already in production.
Why would VELA allow them to cash their 1.1bn shares without a commercial deal or proof of trial success?
The worst thing about this whole thing is SGS were allowed to cash in there shares on successful trial news. The problem for us PI is there hasn't actually been anything released to prove it was a successful trial!! Feels like we've been stitched up while SGS banked c.£1m!
Revenue is down in H1 compared to H2? All the contract wins this year amounted to nothing.
emusic live generated zero revenue from its free gigs.
Operating profitability was restated to EBITDA positivity but that is still a bigger loss than the prior year.
These are such a big misses Paul should have put out a profit warning long before these results. He should be disqualified from being a director. Utter sc*m bag.
He also said profotability was not dependent on any new contract wins but now it is entirely!!
It's FREE!!! So perhaps Paul is trying to prove the concept all over again to p*ss more of the cash balance away for no revenue. These can't be free to host - so why bother!!
We need a couple of chunky buys before the weekend. The spread is as small as its been for a while. Scales just need tipping and then we should be a good place before results and news next week. Be nice to see us close above 0.08
Financials due before the end of the month. The balance sheet will need to show the current fair value of its investments. We should be able to see what value they are assigning their £2.35m investment.