Celadon Pharmaceuticals Share Discussion Threads

[albert arthur] 15/3/2022 20:30

Market cap, under placing price, potential revenue streams 8* cap. Also hit the RSI oversold and cheap as to EMAs and historic price. So yes, very cheap fundamentally and technically.

[az4hr] 15/3/2022 14:54

very cheap what are you talking about

[albert arthur] 11/3/2022 13:43

Bought in here today. Looks great, and very cheap.

[gary hindsight] 02/3/2022 16:23

All basically fair comments. I am not saying the business is bad but the sales were tiny so it's full of hope that it's worth 80m. Sales of £37k and little asset backing.You say II's wouldn't invest without due diligence but the market is littered with ipo's, invested in by institutions where the price is nowhere near the ipo price so their DD wasn't that greatAnyway I am out so I won't be a negative poster annoyance to those that believe. Good luck to those remaining, I think you will need it. Time will tell if I'm right or wrong. Hope it works out for you

[go2nc] 02/3/2022 16:01

It is difficult to value this company. Market will do what it does. But if you look at some of the fundamentals. First of all no one is selling medicinal THC yet. There are loads of companies selling CBD. You can buy it on ebay. Secondly they are targeting chronic pain market which is one of the commonest health condition in the world. Thirdly they have licenses in place to get THC to the market. Fourth they raised 80 plus millions at 165p with IIs. With authority I can say I know this field better than majority investors. I don't know how share price will move but IIs don't fork out such money without due diligence. Also hargyHale bought 1 million worth share from Abu.

[gary hindsight] 02/3/2022 13:55

Be interested in the person who ticked me down giving their valuation thesis on this takeover as to why I am wrong as opposed to a simple tick down.

[gary hindsight] 01/3/2022 12:15

Maybe because they paid 80m for a company with net assets of 1.8m and sales of £37k last reported

[az4hr] 01/3/2022 09:02

they raised at 165p why people selling at this price ?

[gary hindsight] 28/2/2022 08:27

Glad they have at last so I have been able to exit at last. Not interested in this stock now Vin is not their. Still can't believe they paid 80m for a company with pitiful sales. Good luck to those remaining

[az4hr] 28/2/2022 08:17

What a strange time to relist

[go2nc] 28/2/2022 07:20

Good news Impressive company. Institutional placing at 165p. Not a bucket shop placing.

[brownie69] 11/11/2021 16:28

Gary, I'm also not happy about this.
Too many cons going on in CBD. Chill is a good example, it got pumped up to over £1 on jam tomorrow stories and no execution. I suspect that was a classic pump and dump. I would be very concerned about the same thing happening here.

I invested here for a smart tech deal. Not paying £80m for a company that is less than 3 years old with no material revenues. Their assets are literally a license and a production facility/lab which no doubt has a cash burn.

I intend to dispose at the earliest opportunity. This just does not small right.

Why cant they be clear on their relisting plans?

[gary hindsight] 05/11/2021 12:55

I also see someone voting you down without offering any opinion / thought as to why this is a good thing. Maybe they can only capable of pushing one button

[gary hindsight] 05/11/2021 12:53

AzTotally agree, total disaster. From what I gathered from a tw note Vin did propose a number of proposals and they turned them down. Don't know if that is fact or not. Seems like they ignored her and of course once they decided another cannabis company is just what we need she quit. Right now I don't know if it's best to vote against it or for it so it gets relisted so I can exit. If we vote it down the clowns in charge are left with nothing and maybe it stays suspended

[az4hr] 03/11/2021 08:48

oh an that investment came with EIS allowance

[gary hindsight] 29/10/2021 07:31

Would the person who ticked down my post have an opposing view they wish to share on why I am wrong ?

[gary hindsight] 28/10/2021 22:59

If you look on the summerway website the registered address is in Leeds but the map pins an address 32-33 Cowcross St LondonLook on companies house for registered address of vertigrow it's32-33 Cowcross StSomething really stinks here

[gary hindsight] 28/10/2021 21:15

This is an outrageous proposition. Paying £85m for a company with 3 employees, accrued revenues of 36k up from just £500 on the previous years. What on earth are they thinking of? They have heads turned by the hot sector of cbd products. This is scandalous to say it has that value of 85mThrowing numbers around of 50,000 customers and revenues of multi millions is totally bonkers. If that's the potential how comes the revenue is so pitiful to dateNo wonder Vin resigned. Please vote against this ridiculous proposal

[edwards9] 28/10/2021 16:30

Potentially coming back on another exchange (UK or North America).

[bernieboy] 28/10/2021 14:17

It's a hot sector to be in, but paying 80m for a company with 1.8m assets doesn't seem to be a great deal on the face of it. Maybe I missed something? Couldn't see any prosed date for relisting either......

[bernieboy] 28/10/2021 14:12

Good to see that the placing was done at 165 which is my breakeven. Hopefully come back at a nice premium if it is pumped before hand.

[go2nc] 28/10/2021 09:34

Brilliant news. Both THC and chronic pain is absolute biggies. What a master stroke!

[bernieboy] 23/9/2021 08:14

TW seemed to be quite chirpy about the prospects here even so. Seems it could be back to market soon. If it gets pumped, it seems it could well open higher. Will be interesting to find out the details.

[bernieboy] 21/9/2021 18:50

Same here Gary. I have almost sold these shares so many times, latest last week. Why oh why did I hang on in here.