Provexis Share Discussion Threads

[lafin] 27/9/2018 11:06

No they don't .Took me 2 minutes to find "aim rules for nominated advisors"

[redprince] 27/9/2018 10:22

LibraG - good to hear.CNKS are surely duty bound to explain the procedure of tabling said motion?They have to do that.

[librag] 27/9/2018 10:20

Happy to pile in.

Advice from CNKS won't be worth the paper it won't be written on though.

[redprince] 27/9/2018 10:03

LibraG - I give you the simplest of choices.You can sit back and allow these guys to dilute your investment further by inaction thereby passively accepting their wholly unjustified salaries or you can add your weight to the cause?

Only wobbly lip on the red channel seems to think that the bod's wage bill is just business.It is both dilutive and unjustified.
We need to send them a clear message.

[lafin] 27/9/2018 09:46

Of course BB knows or could find out but why he should tell you is another matter.You too could find out from info on internet .
There are things called search engines.

[redprince] 27/9/2018 09:39

LibraG - they have to answer a shareholder.

Bernie can you please elaborate on (assuming you know) the how to get the motion tabled?The support bit I understand - how should it be communicated assuming necessary support is obtained?

Thanks in advance.

[lafin] 27/9/2018 09:34

And now Holland and Barrett are selling Fruitflow plus at half price I think I will stock up on a few months supply as don't know how long offer will last.

[lafin] 27/9/2018 09:29

I agree with your middle paragraph LibraG.
RNS is more or less what I expected-no huge surprises there.

[redprince] 27/9/2018 08:14

Well the usual cut n paste with the odd word rearranged.The MOU with By-Health isn't likely to start until second half of 2019 - if it starts at all.More shares placed to pay the inflated salaries - new phrase used this time regarding the sales value of prospective pipeline being a multiple of current revenues.That really means nothing.
Regional brands launched - 90 but does not say how many have failed.
Revenues up 4% - says it all.

BB - great post btw and I am asking Cenkos how to submit a resolution.Say no more here about it.

[bareknee] 26/9/2018 15:05

That's me knackered then !

[librag] 26/9/2018 12:26

Size matters my friend.

[bareknee] 26/9/2018 11:28

About seven inches, not sure how that's relevant though ?






Oh, I see what you mean, middling six figures. I'll never be a millionaire, but, although I don't feel like one, and certainly don't look like one, according to the FCA's definition, based on net worth rather than income, I'm a HNWI.

The FCA's definition is a fair bit less than what Wiki says though. Wiki says it's a million USD or about 750k GBP, which, given I've started to take money out of my investments over the last few years, I doubt I'll ever reach.

BB

[librag] 26/9/2018 11:14

Depends how big yours is. PM me if you like.

[bareknee] 26/9/2018 10:48

Graham

I've just checked my portfolio.

On current prices, Provexis is a bit less than 1% of my portfolio and on money shelled out, it's a bit above 1% of my portfolio. Lots of other shareholders will be in a similar position, and will be happy if it recovers, but not distraught if it doesn't.

If it was closer to 10% then I'd be doing something about it ( probably reducing my holding if I was being totally honest ).

From a financial perspective, one man's apathy is another man's low priority.

BB

[librag] 25/9/2018 22:08

BB; well said. I wish you had a few %, I'd come and sit on your fence anytime. My 0.15% is peanuts.
G

[bareknee] 25/9/2018 19:22

Redprince

Re "no offence etc". It's a bulletin board, people are allowed to have different viewpoints, it's no skin off my back.

As for patronising, aye, quite possibly, but then again, if you read back some of your posts, and ignore the fact that you wrote them, perhaps the same could be said of you ?

Anyway, although we've had the conversation about shareholders doing stuff before, I'll repeat what I've said before.

On apathy ? Yea, there'll be a fair amount of that. But what you don't seem to understand is that the vast majority of shareholders don't want to run the company (directly or via proxy ), and if something isn't working, then they'll move on. Those with bigger holdings are more likely to try and influence things, so I understand your point of view, but if you can't understand the point of view of smaller shareholders, then you'll get nowhere trying to influence the direction of the company in any share or form by complaining that people should do something.

Yourself and the likes of Farmgal seem to think you could do a better job than the current incumbents, and it's quite possible that you could, but it ain't going to happen.

That said, if you really want to try and influence things, then all you need is a few investors to get together who own >=5% of the company. With that %, you can force the company to add a resolution to the AGM to vote on whatever point you want to raise.

If you want to stand a chance of winning any vote, then you need to forget all about SiS, because it's ancient history, and you need to focus on something which might affect the future. If it was me, and I wanted to get a resolution added which had a fighting chance of succeeding, or at least get enough votes to make the BoD situp and take notice, then I'd put something forward like ...

"The board must accept an immediate pay cut of % ( anything up to 20% would have a chance of garnering votes ) and, until the company is profitable, the board must not take more than inflationary pay rises."

You've presumably got contact details for people like Hammer and Kievsky. Wellsite ( share price ? ) over on one of the other boards says he holds 2%, so I don't think getting 5% together is all that difficult, and you could always ask Farmgal if any of her chat group have any meaningful number of shares and if they're willing to support such a motion. I'm assuming you hold something in the order of 0.5 to 1% ?

On the report due, Friday looks like being the favourite now. The lack of an RNS on funding is a bit of a concern, so there's a certain amount of squeaky bum time for holders at the moment. Christ only knows what would happen to the share price if the BoD issued the report with only a qualified "going concern" statement. I don't think that'll happen, but it's certainly a possibility.

BB

[lafin] 25/9/2018 11:41

Definition of soliloquy.

"a soliloquy — from the Latin solus ("alone") and loqui ("to speak") — is a speech that one gives to oneself. In a play, a character delivering a soliloquy talks to himself — thinking out loud, as it were — so that the audience better understands what is happening to the CHARACTER internally."
Total confusion?
Deliberate confusion?
Lack of coherent thought?
All three?

[redprince] 25/9/2018 11:17

Clearly news being delayed for a reason and I would say trying to prove up the going concern is the most likely one?

As Colby has intimated elsewhere I do hope they don't think they can sneak out yet another set of poor results accompanied by the usual cut n paste on a Friday and think they can damage limit that way by trying to bury it over the w/e??

Good news would surely have been pushed out early doors to make fund raising less painful??

[lafin] 24/9/2018 13:50

new product found by gixer being sold by v.large japanese e commerce site

[oldham45] 22/9/2018 11:47

Well never know if sold or not but won't get distracted otherwise, from conversations that I can't prove in any shape or form. If what you say is true, will it affect me? Not sure it will! Speculation is just an opinion based on assumption and therefore not worth discussing. If the sun is shining, you can say without contradiction "the sun is out". If you ask, will the sun shine today? I reply if it does, great. If it doesn't no harm done and move on.

[buywell3] 22/9/2018 08:45

PXS turnover according to advfn is £0.2M

or 200K

As one would expect it is lossmaking

Mkt Cap is £7M

Many would think this is a tad high

[librag] 22/9/2018 07:19

Just getting over the dreaded manflu.
RP; "could have used a proper clinical trial ..." SHOULD! Without a half-decent trial we are where we are. Catch 22. In the meantime, nailing down the costs achieves an extension of life ...
re. circulation? A long track record. There are loads of circulation related drugs out there, and I guess they're commercially viable.

[lafin] 21/9/2018 18:57

And how long does he think such a trial, if even possible, would have taken I wonder?
I have come to conclusion redprince has sold his shares some time ago and wants back in cheaper.There is no other logical explanation other than sheer stupidity for his recent posts.

[redprince] 21/9/2018 18:37

oldham - if they think they can make money from it they will use it.I think cost has been a factor and this area of heart health ie circulation has no real track record from a commercial standpoint.That and the cost are i believe the sticking points.

We could have used a proper clinical trial to further prove up the medical benefits: the ones conducted so far are no more than proof of concept.Ofc that would cost a lot of money and that cash was spent buying a sports drink company.That put the kiss of death on provexis being able to do anything and is why i suggested nailing down all costs to an absolute minimum.

Nuff said for now.