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When the much discussed but secret agreement was signed between DSM & PXS ten years ago, it was hailed as a success. The general view, at the time, was that it was not DSM policy to acquire fledgling companies until they had become established and successful. As far as I can tell, Provexis has now become a shell company maintaining the IP and the in-house product. These tasks do not seem to be particularly onerous and could easily be managed by DSM. The current BOD of PXS comprise a non-res FD, a Scientist with unknown business credentials, a rep from DSM and Dawson Buck.
Whatever view you take of the management of the company, progress has been very disappointing by any measure but particularly for shareholders. Communication has been very poor, particularly during covid and it is impossible to get any response from the FD who seems to have lost sight of who he works for.
There was an attempt a few years ago to hold the BOD to account but shareholder apathy ended that plan. Over at Valirx, a group of major shareholders ousted the old management and that company now has a new lease of life with a clear direction and excellent communication.
I hope DSM will eventually make an offer on a TO of PXS, perhaps retaining the scientist as a consultant but ridding us of the others who would become surplus.
There are two major shareholders. I hope they will not be as complacent as the rest of us.
I’d prefer that the company not bought out. We would have kept shares for over 10 years only for another company to make the real money. I bought shares in Provexis and want to keep them until such a point that they are making good money.
The problem is, future profitability is very dependent on success in China and that remains a mystery atm. There should be an update soon, I hope!
Big profits are dependent on China ATM, but if that fails, we can slowly build up and be profitable this year or next year. We have a few products now that are being marketed very well, SeryBox for example. The main video got over 2.2m views.
The rise in the value of this company in 2020, despite the exceptional events which have rocked the world, should have cheered investors in Provexis. They've certainly had that effect here. Products have continued to appear, and refreshes of existing products that have been around a fair while now.. Fruitflow has much to offer to the health conscious. Not, sadly, to clinically depressed people who took a massive gamble without doing any research other than following the herd years ago. Nothing will ever put an end to the repetitive negativity.
Fruitflow has much to offer to the health conscious. Not, sadly, to clinically depressed people who took a massive gamble without doing any research other than following the herd years ago. Nothing will ever put an end to the repetitive negativity. Says the man who was touting this at 3p on the jjb board and was telling everyone this would never go under a penny. LoL your delusional.
Gostoso, your post is incredibly confusing. Are you quoting Alf who I have on filter? The use of personal insult certainly has the hallmarks of Alf.
The use of quotation marks would help clarify what you're saying. I've never posted on the jjb board.
Ahh the famous JJB, yes I remember telling folks to avoid that one.
How did it go for you?
Sorry Colbolt - yes was quoting him. Jjb did alright in 2009 thanks while you were ramping this LoL. Years later sadly jjb fell like many high street shops have and will, you enjoyed seeing that do you? Sad man.
No I didn't like seeing it fail, but, as a retailer, I saw the inevitability. Ashley was way ahead of them.
I took some fearsome stick from the loyals there, in those days a lot more was tolerated on the boards. As far as I recall, I never confused talking on that board with talking in this board. My view on this one back then was that the route to commercialisation was unclear, it has been a long route and it isn't anywhere near full potential. What is sad is that some folks failed to adjust, sticking or selling rather than carefully adding. Each to their own, but I'm happy with my strategy, which has always been one of accepting some risk without blaming others.
By the way, I think you'll find JJB was in terminal decline even in 09.
Thing to remember is that Alf is never wrong; Thought it was Moon who was responsible for FF m
I'm surprised that you've forgotten the events that started this venture.
But you have, or you never bothered to find out.
Sm had Provexis. DB introduced WSTC, I don't think it was named at that point.
Not exactly When Harry met Sally, perhaps that famous scene is still ahead of us.
Some history for you pumpky
https://www.investegate.co.uk/angle-plc/rns/provexis---reverse-takeover/200505260700357826M/
Moon was part of Nutrinnovator Holdings PLC as far as I remember and Buck was Angle