The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
By some of the logic on here PI’s can have no complaints or issues if they lose money on any of the fraudulent businesses that have gone bust over the last few years taking investors cash with them, including large companies like Carillion and Patisserie Valerie.
If the stock market and companies want people to invest in them then they should be able to trust the information they get provided in which to make their decisions. It’s perfectly acceptable to question the trustworthiness of the individuals giving that information if it proves to be misleading.
To be fair those ‘busy trading away’ on the dips and rises in the current range are the only ones who’ll be making any money here. As an investment this has been a dog for years and , despite the mega contracts announced this year the SP stubbornly refuses to get anywhere near 52 week highs.
Trade away people - all the rest from Fooler is just a side show.
Starting to feel that Fooler rushed out the Contract announcements back in June, knowing that it wasn’t ready to start but that he had to get something announced.
Let’s not forget that this biggie was the bait to get the massive fundraiser away in December so some will have been getting frustrated that there’d been no announcement and therefore no bounce for placees.
Also, we know how Fooler loves to sweeten the AGM crowd by dangling a few carrots rather than having to face the stick and the announcement came only 10 days before the AGM.
The other factor is that maybe they needed funding at the time, for whatever reason, and therefore had to get this out to go with the placing straight after (as usual).
All in all, it looks like Fooler has once again fired in to the barrel, missed the fish, and shot himself in the foot.
Yrabs - just the ebb and flow from a stagnant SP in a stagnant period.
SP stuck loitering around the last placing price, same as it did for the 4p raise. Fooler unable to convince the market that there’s anything transformational that’s worth more value than the last time he issued the confetti.
Still no sign of the September re-rate let alone any start on the assault of 10p.
DrM - I’m not bitter, I’d say more realistic bordering on cynicism. It wouldn’t surprise if any significant rise in the SP would see Fooler rushing out another placing to top up the coffers.
I’d be delighted to see a double digit SP but won’t be topping up at the moment.
Yrabs - I’m sure ratification will be a formality and that, as Fooler said, it’s not a worry.
Frustratingly though it’s another missed opportunity. The SP reaction was held back because of this outstanding point, when it could have really transformed. Then people wait for the imminent announcement which drags on. Sadly the market will have lost interest when it eventually gets announced, shrug it off as the formality we were always told it was (albeit delayed) and the SP will continue its stagnation.
Is anyone still expecting an SP in double figures this year ???