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2 chunky trades early doors .
Just 88 percent down. Better than anyone who was here before even the latest consolidation, and that explains why Suzy hasn't put any real money in here - she's probably a lot more switched on that she appears to some.
Starting to think my 31 March prediction for EUDA merger might be wide of the mark. My £25k in is now a bit over £3k. Whoops.
Any other crazy investment ideas to sink my cash into? I’m bored with this one
Well Suzy another day of dropping sp are you still here or have you thrown in the towel after realisingyour out of your depth .
Viera,
'do you think Val will be able to raise 1 years money c£2m if SuZy is on the BOD ?'
Surely that is what convertible loans are for... there is nearly always a Spiv with a satchel of cash as long as the price is right.
It all comes down to agenda. The problem is that if the interests of the current BOD are not aligned entirely with us then nothing happens. Not really about being a rubbish CEO but more about what they want out of it. If you don't care much about the share price it will not go up much.
We need a shareholder on the board but not one that will get out with cheap options. Needs to be a genuine effort.
I think they will deliver significant revenue in the coming months so yes I think they can raise. In an ideal world you would want a new team but then it will take time, more dilutions, more mistakes if a lack of experience and where would the placing be then.
Both solutions are not great. I just think that a mixture of both is better and see how they get on. You need experience in the field and you need the right interests to get the share price moving.
I would keep Suzy and Kevin until June and bring 1/2 shareholders not more plus one other industry expert so maybe the SAR guy that was suggested.
You need to have people that can strike a deal in this field and that understand what it takes and understand the process.
Wise words today PM and always good to be positive when everyone else is negative .
I have no view here until I see what the new BOD wil be .
Just one serious question PM . Come October (no idea the month ,I’m just guessing ) do you think Val will be able to raise 1 years money c£2m if SuZy is on the BOD ?
I have my view which I will keep to myself but I’m interested in your view PM ? TIA
I don't support the proposed changes, It makes no sense to me if you are invested. How can you replace industry experience with 3 individuals that have limited experience.
At the same time a combination of both would be better. We do need a shareholder on the board. They are depending on Suzy but not sure how that will work because if Suzy then gets removed or resigns then we are buggered as no real experience on the board.
Porky you spent the entire year last time saying 1p placing or no support. Not only was it much higher than your prediction it was far more cash than you predicted. In fact you got proven wrong.
You moved from July, August, September, October, November and then you were right.
You are again starting in July and will keep saying the same until maybe the middle of 2025/2026 if a deal comes through before then. Then you will say you were right lol.
You might as well just buy since you clearly see potential. At this rate you will be buying Valirx when you are 95.
@PM2022
I remember prior to the last raise you saying exactly the same and i proved it to you then but you still wouldn't have it. They left it right to the wire which is as expected. Its what they do. When will the penny drop that this business has been run as a lifestyle business and they have scant regard for Shareholders? Its time for change but it will short term get worse here before it gets better. Not a popular view i know but its how i see it. That's my opinion FWIW
Q: Look, Do you think cash burn will go up with the NEW and staffing appointments, settlements and liability costs paid off with the forthcoming restructure OR do you think they will go down? non rhetorical question btw.
IF costs remain the same you are talking out of cash mid September, if costs increase could be sooner. I expect costs to increase frankly and with a new board in situ for end of June ready for H2 1st July sorry but IF i was on that new board i would want the capital sorted out. Not when money has run out. Get all the bad news out in one go and rebuild from there. I'm not going into rebuilding a business with a few weeks working capital (4-10 weeks max) left.
So, Its how i see it and i also expect Shard Capital to sell into the placing prior to it happening, by the time retail investors find out the deal is already done. My call is £1.5m at 1p with a new BOD ready for H2. IF she stays then possibly wont get placing support at all but could use Sanderson Capital for a nice slice of death spiral finance as a parting gift for shareholders.
Lets see what happens. I don't share your confidence @PM2022 but no surprise there ehh...
Higher cash burn due to purchase of assets but now that is done cash burn reduces. Simple to understand.
Revenue will come in reducing that further. I am sure they will be managing cash but also if 201 is signed before then that is another 2 million or another deal such as CLX.
They could also get grant payments, R and D refunds etc. It all depends.
'Cash runway now appears sufficient to carry it well into 2025'
I expect that it will be gone before the year end... The company seemed to be running on fumes when the raise was done which was around £1.7m after associated costs. Current operating costs are around £200k a month. How do you get to year end let alone 'well into 2025'?
Official information below and not Porky's nonsense.
Cash runway now appears sufficient to carry it well into 2025
Full year 2023E Group net losses along with the cost of establishing/facilitating Inaphaea Biolabs (including the
acquisition of Imagen Therapeutics), resulted in an average estimated cash burn of a little over £200,000/month for
the period. If one now prudently assumes further, albeit somewhat reduced, Group net losses for 2024E, during
which time it utilises the newly raised net funding to accelerate exploitation and integration of its acquired BioBank
materials in tandem with commercial development/brand establishment within Inaphaea while also advancing
its preclinical product pipeline in the absence of further cash acquisition(s), the Group now appears to have runway
sufficient to carry it into Q2 2025.
Between now and then, of course, various upside scenarios suggest this period could become significantly extended.
This could be derived through securing higher volumes of fee-paying service customers for Inaphaea, potential
signing of licensing agreements with external parties willing to pay upfront charges and fund ongoing
development of the Group’s preclinical and/or clinical assets which, in turn, could also attract continuing
milestones instalments. Any such outcome could be both transformative for ValiRx’s balance sheet while also
proving its business model.
I did say I only drop in from time to time, and was surprised to see you posting again...
I will watch with interest?
@ValJu
Keep up, I'm on EXACTLY the same page as Nick, you are not reading the threads.
Recently, because Suzy was not being proposed to be removed via the resolutions proposed in the Requisition Notice for end of April EGM, yet without question MUST be replaced as CEO, i did consider if it could work if Suzy was side stepped into a head Science role. I suggested this.
But on reflection the move wouldn't work. We effectively have a scientist worth probably 45-70k salary a year top side doing a CEO job on a £180k a year package she wont want to give up easily. So i was wrong and we 100% must have change to stand any chance of recovery IMO.
Meanwhile, Nicks view was a resounding NO anyhow. We are at the stage that with so so many blunders to date he considers any position on the board for Suzy to be untenable and i now totally 100% agree. Further it would possibly impact the raising of further funds as investors are just not going to chuck more money at this for more of the same.
So to be clear my stance is, BOD changes and the removal of Suzy from the CEO role and the BOD essential. Further, i believe that the resolutions end of April will be passed and carried, and i believe its possible to then recruit a new chairman by the end of May as planned and hopefully the CEO will be changed before end of June so that we have a new board in situ ready for H2 1/7.
The bit LTH wont like is that i further believe that the new board wont want to be in situ with less than a few weeks cash runway left at that point going into H2, especially with the added costs and liabilities to settle and as such will raise £1.5m at 1p to give them the runway. And it wouldn't surprise me if its sold into via Shard Capital ready for that before the end of June.
That's my view, lets see which of us is right?
Porky would've disappeared into thin air, had the BOD delivered any kind of value to the company.
He's the by-product of Suzy's failure; So that's why he's a fixture on this board.
Plenty more pigs in the pen, Porks
Could be an ex out on revenge. Very strange though.
Why is it the Porkster hangs around here again? Did we ever find out
Porky,
This is not what life is about. If you want to buy then buy. Spending year after year after year doing the same thing and achieving nothing is pointless.
You need to put your talent in writing a book or something. Maybe write about AIM stocks but not here. Use time wisely.
Porks, you only appear when it suits... you did back when I was more constant and here you are again...
Frankly, Id say you are the sorry state... doing this day in day out? Even going against Nick?
imo
@ValJu
Now it really would be a sorry state of affairs if an MM cant process a £13k share transaction. Time for them to pack up and go home if they cant process a trade that small.
If you tried to sell 388,000 shares, it would not be accepted as no one wanted them?
Well these sold okay? Just saying, beware the naresayers... (what do they know, that you dont?)
Be interesting to see who predicts correctly this time?
imo dyor
Charts are of little or no value in small companies IMO
This traders site says 100% sell
https://www.barchart.com/stocks/quotes/VAL.LN/opinion