Mike suggested 20 million during our chat at master investor. When I suggested that might be a little optimistic, he thought me silly.
Yes I believe those comments were from the Master Investors event at the end of April. The 11th March RNS had the following comment. "In this respect, the Company has received several expressions of interest for out-licensing PSD 502 in the US, EU and other territories. Negotiations are at a more advanced stage with a number of potential marketing partners and the Company is hopeful that an announcement will be made in this regard over the coming months" You would think that by the end of April they will have had a pretty good idea about up front payments and this ties in with earlier RNS's which used the word 'substantial'.
Is the month this takes off. Wait, patience and all with come out in the wash as they say......
RE: battle 99
Jesus guys..you can't have A RNS every few weeks just because SP is stagnating for a while.. This is complex and will happen when all is sorted ... CHILL :-)
I don't disagree with any of that, just suffering from the silence of no news since the last investors conference, plus some update at the AGM with investor questions given on this board.
Worth a repost, points from j williams former post - Expecting substantial money upfront, 20 million would be consistent. - Advanced discussions really are near completion. They aren't bluffing. Expect news in 90 days (ish). As always, this stuff is up to the Gods and may change any moment, but good reason to be optimistic. - Expect launch in Germany and Italy first. - They really do stand by their projections with confidence. Especially their US projection. If they're right PSD502 should make serious money. I responded with some very low projections, which they thought silly. - No imminent dilution, unless Jamie lied through his teeth. - SPCs and IP is all in order. SPCs are basically a given and are not (as I falsely suggested previously) holding up the partnership. The partnership is running its course nicely, it's just a bit of a nightmare finalising things.
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