I think the BODs are using PXS as a ponzi scheme creaming off as much as they can and keeping this dog alive until a new product buries it completely. As many other AIM shares operate.............................
Fellow PROX shareholders,
I am trying to gather support for an EGM in order to remove John Kennedy as CEO of the company.
Having failed the shareholders on multiple counts (failure to grow Proximity Marketing, failure to dispose of or grow Digital Payments) I feel it is time to go. For your information, his salary last year was £170k!!
If you agree, I have set up a separate forum to co-ordinate a call for an EGM, your input would be most valued :-
According to an article in Nutrainingredients on 12 Feb 2018,By- Health's supplements are available in around 100,000 Chinese pharmacies,20,000 mom and pop stores,and 10,000 supermarkets and it says that By- Health is better known for its offline acumen.
When the Sp sank this low in June 2016, there followed a steady rise to nearly 1p.
Nothing to suggest the same will happen here, but according to another poster elsewhere, there are so many positive things happening, it's only a matter of time, and the market is wrong.
Obviously terrible news about Director but something which stood out to me in the announcement was this: "Krijn Rietveld was a member of the Company's Audit Committee and a senior employee of the Company's Alliance Partner for Fruitflow®, DSM. Krijn was appointed to the Board of Directors in September 2008 following DSM Venturing BV's initial investment in the Company."
2008! Almost a decade since our initial involvement with DSM - the investment horizon on this share is way exceeding my expectations... as a long long term holder I consider DSM involvement as almost 'recent'.
Anyway, more important things in life - best wishes to his family in these difficult times.
is anyone going to apologise for the abuse they gave Lolcat over this.
Funny isn't it how Bits ons abusive posts are never reported by the..... whats the word for posters who pretend to have virtues they don't actually posses?
Dragon, of course if they apologised every time they were wrong
Here is a reminder of what it says on Provexis website.
"Recent laboratory work has shown that Fruitflow® can reduce the platelet activation caused by airborne particulate matter, such as that from diesel emissions, by approximately one third. The beneficial effects of this reduction can be observed in laboratory models representing healthy subjects as well as in models representing subjects with an underlying cardiovascular problem.
The World Health Organization estimates that in 2012 around 1 in 9 deaths were attributed to exposure to air pollution, making it the largest environmental risk factor for ill health, with 92% of the worlds population living in places where air quality levels exceed WHO limits.
The air pollution patent filing means that DSM and the Company can use this research now to assist with discussions with current and potential customers. The Company expects that this patent application will have a strongly beneficial effect on the current and future commercial prospects for Fruitflow worldwide.
Fair play to you Colby.At the very least they need to realise that trotting out the tired of the repeated line of discussions with parts of global businesses is meaningless in the absence of actual deals.
I believe that as shareholders we could and should given how long we have been listening to this,be given some more detail.
Cue prodents from the usual "it's all wonderful,progres inexorable" keyboard experrs.
RP, what I'm going to do probably won't make an iota of difference but I'm going to email IF and refer to the "global deals" repetition in the last few years accounts. I'm going to mention that some shareholders are concerned and would like some clarification of where we're at. I know that he won't tell me anything other than what is public knowledge and I wouldn't expect him to but it can't do any harm to let him know that not all shareholders are apathetic.
The remuneration issue needs to be addressed.Anyone who thinks it is acceptable is
living in denial imho.It is also completely unaffordable and further strengthens my long held view that the overheads of this company need to reflect the shell status which in reality it has become.
I do not know how we can get a response from them in relation to the question concerning the oft mentioned parts of global businesses that they claim to have been communicating with for many years now but frankly it is long overdue that they actually clarified why nothing has happened.
Kievsky, can i be bold enough to suggest that there are two main niggles which unite many of us?
Firstly, the high remuneration package for running a shell company out of all propoertion to it's income and secondly the oft repeated statement which has appeared more or less word for word in the accounts from 4/9/15 to the latest figures 29/12/17.
Most of us know it off by heart but here it is
"An increasing number of further commercial projects have been initiated by DSM with prospective customers including some prospective customers which are part of global businesses"
So this has been written in the last six reports and probably further back before the demerger. In the circumstances, I think it's safe to assume that it is meaningless drivel and that such talks are stalled. If so, why are we not informed?i
What if we put this question en-masse to IF? Individually, we are only likely to get one of his stock responses.Does anyone know how this could be done?
I'm going to copy & paste this on to the blue channel.
RP, the problem with stopping the collaboration with By-health would be that there seems to be nothing else available, at present , to give us any chance of survival.
If we bump along with a couple of new niche products a year and still no majors, then we might as well chuck it all in now and call it a day. Of course, there are two people who have a vested interest in keeping the corpse alive as long as possible and perhaps the Chinese arrangement is all part of that strategy.
I also suspect that it's mainly shareholders and devotees using FF+ and that Circulease has suffered as a result. Hence the special offers.
Until I see this product alongside Benecol in Tesco, then I will continue to believe that we have not achieved anything like enough traction and of course, the proposed launch of a product in Tesco was an absolute disaster and never happened.
A couple of Doctors on a radio show isn't going to achieve much and, in my experience and others, most medics haven't heard of Fruitflow or seem to care much either.
Closing at a mid price at the lowest level since Oct 2016 says it all.
Colby fwiw I agree with your last post on the red channel.I have been saying the same thing for some considerable time now.
The pxs FF+ product was always likely to be no more than a vanity project...it sadly is just that.
The whole By Health research thing should be stopped immediatEly imo as it costs money we don't have.It also helps to make the bod look busier than I suspect they are.
I realise companies must speculate to accumulated but there is a point at which open ended spending must cease.Imho we have long passed that point.
Frankly I am amazed that the larger holders have not called for an egm.
If more people had made the effort to attend previous agm'so and voiceven their concerns in a constructive manner I feel much of this shambles could have been avoided.
Someone posting 000's of post over 8 years or so trying to will the sp up living in clear denial of the facts is just foolish imo.
However it requires considerably less effort to tap on a keyboard than it does to travel and turn up and be counted.
''It has been developed for healthy adults who understand the dangers of cardiovascular disease and who want to ensure good health into their later life, without turning to medication.''
There it is - what I have been saying , there are not enough adults that think they are at risk to make FF viable , only thing to hope for is that maybe it will one day get on to the prescription list ,a long shot.
With every passing month another better product looms closer IMO. PXS is not a buy. I will hold and sell if we ever get to 1p which will be a 60% loss for me.
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