Provexis Share Discussion Threads

[davidlloyd] 21/8/2024 12:57

Whats with all the 'matched' trades today??
DL

[gix er] 19/8/2024 16:29

By-Health submitted their application on 29-08-23 a day after the new rules took effect. As By-Health were the first company to submit an application under the new Implementation Rules we have no idea of the timescale.

Best guess????
By the end of the year.

[tratante] 19/8/2024 13:18

The ByHealth application for approval in China began in 2015, do we have any idea how long a result is expected to take?

[bareknee] 15/8/2024 16:16

Smithie

Part of what you say is true, but to get there your workings out are a bit ropey.

The bit that I'd say you're right about relates to cashflow and PXS having to, or choosing to, issue shares to DSM Firmenich as part payment for a batch of FF. When the results come out in September we'll know, or have a very good idea, as to whether or not we had the cash to pay for that FF and continue operating or not.

I suspect we didn't, so it was a way of keeping the wheels turning until we're either cashflow positive, can borrow against future sales or issue more shares in a placing.

So there's a big risk there.

Where your working out is dodgy relates to the B2B relationship between PXS and DSM. They don't make Fruitflow, they just have some in store which they pretty much can't sell to anyone except PXS, so it's an unusual situation and will likely unravel quite soon ( if it hasn't already ). At that point PXS will have to go to the manufacturer which supplied FF to DSM and negotiate a contract. The issues on cashflow will almost certainly be the same as they are between us and DSM now and, if they can't be resolved, then it's Goodnight Vienna time.

Previously our Chief Exec has been able to keep things going via placings,so that's the obvious route to go. What we don't know is if, or more likely when the Chinese company ByHealth, who want to launch over there, will get permission from their regulator.

If they get that permission in a timely manner and put decent sized orders in, then borrowing against that gets much easier, as does convincing people to take part in a placing. At that point the hope is that PXS is then profitable, has manageable cashflow and becomes a proper business.

What the share price was years ago is immaterial. It was plainly massively overvalued, but that's in the past.

[smithie6] 15/8/2024 14:48

was this doing Fruitflow etc in 2009 ?

The share price was 15p.

It is now 2024, 15 years later.
let us say that with inflation that 15p then is worth +50% now, in the money of 2024 = 22p.

So, 22p in 2009, & now 0.6p.

At first glance that looks a complete disaster.

And the company does not have the cash to buy in some product from a distributor.
Behind the smoke & mirrors perhaps there is good news, but imo it does not look pretty.

[smithie6] 15/8/2024 14:43

...one can look at it from different viewpoints

one viewpoint is that the co. does not have enough cash to buy product from a stockist

imo that is bad

& it probably continues a never ending sequence of dilution & more dilution
...
imo that is also bad.

----

& from my viewpoint the owner of the IP, PXS, should be receiving cash generated from sales which for PXS should imo be globally located re-sellers/agents

so, imo, PXS should not be buying stock from a seller, the seller should be selling it shops & Joe Public....it infers that the agent was not able to sell it, imo.

stock coming back to PXS is not a +ve sign imo

[gix er] 14/8/2024 05:29

You assume wrong.
PXS has never issued shares to the manufacturer of the product (Fruitflow).

However, what PXS did do was buy some of the remaining stock of Fruitflow from their second largest shareholder and former sole distributor of Fruitflow (DSM) and issued shares to the company for this buy back. DSM can still sell Fruitflow but now not as a raw material.
Good move for both parties I would say.

As for the cash position, the results will be released soon so that will be clear to everyone.

Its all on the company website under "Regulatory news" if you care to get the correct information.

[smithie6] 13/8/2024 19:23

..what's the story here nowadays ?

...the owns intel. prop. in some food product which apparently has some health benefits, yes ?

but

to obtain the product to then supply it to others the co. has to issue a lot of shares to some overseas third party, who apparently make the product, yes ?

so, one assumes that PXS itself is virtually bankrupt since it can not pay cash to obtain its own product, to then sell it (at a higher price)

All seems "very strange" to me.

Surely, normal business practice would be that the mfr makes the stuff, supplies it to PXS (with an invoice asking to be paid) & PXS ships the stuff to clients for cash on delivery or cash in say 10 days. And then PXS pays the product mfr, within 60-90 days.
And everyone is happy.
And PXS keeps the nett gross profit on its sales.

Step & repeat.

but no, PXS issues 2% of the shares of PXS to the product mfr. !!
seems insane to me.

The only logical justification I can see is that PXS is verging on bankruptcy & no one is willing to supply the product without getting paid at delivery, & PXS can not pay, since it pays using shares.

It all seems a bit strange imo.

======

Other companies that have relentlessly issued new shares include Craven House.
Another disaster.

----

looking at the "all time" chart for PXS, it looks similar perhaps to a hospital monitor display for someone and the last activity on the monitor was in 2010 !
...& that since then it has just flat lined !

While on the 2 year chart it looks like the sick patient briefly wakes up once per year...only to then slide further downhill !

[winner31] 06/8/2024 09:05

These MMs have no idea which way this is going !

[sigma3333] 30/6/2024 08:50

good win by DsmF yesterday - no mention of it anywhere in the FF socials. PPP

ciggy

[redprince] 28/6/2024 21:56

BB - agree with most of that tbf and you know what they say "If sth sounds too good to be true..."

Sigma - the share price has collapsed quite some time ago.

[sigma3333] 28/6/2024 18:17

IF has boxed pxs into a corner controlled by the Chinese government. If blue cap isn’t granted what happens after the share price collapse ?

ciggy

[bareknee] 28/6/2024 17:21

RP

While I'm reasonably sure The Don was legitimately passing on info he believed in on that, and other things, I'm also reasonably sure he's a dreamer who'd happily believe everything he was told and probably unwittingly, make it sound even better than he thought it was !

If you were taking what he said on the Internet as a reasonable source then you were a bit naive. He was unable, or unwilling to listen to any criticisms of the company or himself, so I took whatever he said with a huge lump of NaCl.

For me, he's up there with the loonies like Asshur, Dragon and Farmgal !

As you say, tis only money though, we're lucky to be able to afford to bet on companies like PXS !

[redprince] 28/6/2024 16:34

BB - i can remember "The Don" on iii trumpeting in detail the scope and level of the proposed advertising that MM were planning - it was like nothing seen before here or anywhere else.We are talking billboards,i think tv and radio and whatever else.So yes MM were a small outfit compared to thosde you have mentioned but they were prepared to
give the shot format real presence in the market and raise consumer awareness to a totally new level.

The full facts surrounding this we will never know.
Final point is both Healthspan and H&B never really got behind FF in terms of promotion.

Anyhoo if you just agree that IF needs to pin his colours to the mast later this year with a forecast i can overlook the above - no more excuses!!!:)

Cheers all and have a good weekend - its only money!!

[sigma3333] 28/6/2024 11:35

barny
a million worldwide users is a good target, every product is a step closer. I’m more concerned thar giser knows all this stuff :-)
ciggy

[bareknee] 28/6/2024 11:16

Multiple Marketing are small fry. There's little to no chance that anything they might have done years ago would have been material.

[gix er] 28/6/2024 08:19

The fact that the results are taken to the wire every year is nothing more than a little frustrating. We would all like to see them released a little sooner but releasing them when he does allows us to see sales etc that have happened since year end/ first 6 months.
As with results, the notice of the AGM complies with the regulations.
"lack of respect to pi's" or as much info as possible. Make up your own mind.

As for Multiple marketing and the Sirco shot, I am not saying they didn't have an issue with DSM and exclusivity but IMO the delay in launch (early 2018) was more to do with funds being tight at the time due to the bottling plant that came up for sale and they had to move quickly to secure it.








All just in my opinion though. We are all allowed to one :)

[redprince] 28/6/2024 07:23

Huntergis - i have been here for getting on for 15 years.I have attended x 3 agm's and the SIS event - i own over 1% however i am also a realist.

If we dont get a forecast then there is nothing to measure the performance by.To date that may have been all right as there have been no meaningful numbers to forecast but going forward that will be an excuse only.

What points do you dsiagree with?
How long have you held here?

I stand by all of the above points.

[huntergls] 27/6/2024 20:06

Sorry RP but I have to disagree with some of your comments/views. I have significantly increased my holding and now own 1%. Lets see how the September update goes and then we will see how IF is preforming. I suggest going to the AGM and then you can raise your points/concerns directly to the BOD.

[redprince] 27/6/2024 10:15

From poorly updated website and last minute notice of agm's and 11th hour accounts it all smacks of a total lack of respect to pi's.
The shareholders have not in any way held the bod to account.
Neither have DSM been held to account.

The last agm i attended (years ago) had half the attendees made up of paid for flunkeys who were contracted in for various things.I remember Buck saying how wonderful it was to have had a get together with them all ...

The share price and lack of revenue say it all and are totally out of kilter with IF's remuneration and undemanding share options.

This company is the perfect example of the worst of AIM.
In what other world could the FD literally relocate himself to the other side of the world for years and noone actually know about it.

[sigma3333] 27/6/2024 09:59

red
the FF + is a symptom of the poor management. What other issues are out there ? IF’s performance is reflected in the share price Why can’t giser find out anything that is bubbling in US like the far east. Clearly something has gone wrong there as well.
ciggy