London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
"It would be a positive if approved but I don't see how just saying it's been applied for is going to make any difference to the share price"
Sorry, but positive news can help the share price and quite frankly it's the right thing to do to keep shareholders informed on what appears to be a major step forward according to bod.
ATB
Hi, is anyone (Soup) in contact with a company member that can ask directly about what stage NFX is at in seeking the Orphan Drug Status?
It would be more than reasonable to let shareholders know what progress (or not) is being made on this application. Also some explanation to newbies about what that status will do (yes we can Google but it would be nice to hear from the company as to why they are applying).
It also means that the application could have been made anytime after 3rd January RNS
Just seen that orphan designation applications are free from fees so that scuppers the reason for the raise unless they needed consultation input for the application
From the 3/1 results RNS -NXP002 is a likely candidate for Orphan Drug Designation, which could provide additional product protection against potential competitors.
The raise on 1/3 was funding to progress NXP002 discussion with partners and progress NXP002 development so was that partly for the fee for the application for Orphan status if so estimated submission date is mid-March.
It would be a positive if approved but I don't see how just saying it's been applied for is going to make any difference to the share price
So you're saying that the bod are not going to give it's shareholders the heads up on whether orphan status has been applied for. Wonder why not? Thought it would be a positive thing to announce, which makes one think it hasn't been applied for I guess
And there you go again not relating what I actually said. If you care to revisit my post you'll see I said "we don't know that orphan status hasn't been applied for", we also don't know that it has, and since you obviously aren't interested enough to do a bit of research despite having been pointed in the right direction, it can take 90 days for approval.
Are you bored Trans? I'm not surprised. Not much appears to be going on.
Never mind, it's already 15 days since they applied for orphan status (according to Trombone)....only another 45 days to go!
Plenty of time to convert any decent chance of a deal into something a bit more tangible for the long-suffering shareholders, surely?
ForFXSake and NFT same person? Are they actually invested?
What happened to Mulder? Aim4Utopia?
LOL! Could be waiting a while then.
I wonder if the outcome be 'undisclosed' too?
No that's not what I said, I said at least 60 days. The process can take longer. You could always do a bit of research and satisfy yourself, might take your mind off moaning
I guess we'll see Trombone.
60 days from 27th of March...that's what you said, wasn't it?
Always a moan
Always an excuse
What would that do for the sp? Better to wait until such time as it's granted
What's to stop them telling us they've applied for it?
We don't know that orphan status hasn't been applied for, there's at least 60 days between applications and status granted
..or actually applied for orphan status
Wow. . 7.89% rise on 10pence worth. Imagine how well we would be doing if somebody spent a pound!
Ok - I may be mad, too unstable, kicking down chairs and knocking down tables .... (name the song for bonus points) but I have just sunk 5k into NFX on a different trading account. I think we should easily be able to see 0.30 in the next few months even if it is just from PnDers.
More investors will get wind of the possibilities here I think so we should be able to lift ourselves out of this current SP funk.
NFX unlike COPL is a sound investment, there is a real product here, or will be. Yes there is risk but like you said Jiving we are now in with a decent chance of a deal.
Nothing dodgy about NFX at least!
Good luck all.
I'm sorry to hear that you have both lost money under circumstances where you suspect things have not been played on the level.
I don't know the facts in your particular case but, commenting in general, there's a big difference between dodgy and risky.
We all know investment involves risk. Things don't always work out, even when directors have the best intentions and do their utmost to succeed. That said, in an environment where risk is a given, corruption/deception can also flourish.
Corruption damages the reputation of the financial markets. If investors cannot trust the markets then investment will eventually be driven away. It's not just the investors who lose out either, it's all those with jobs in genuine companies that depend on that investment.
The authorities therefore have a duty to protect investors from corruption. So I don't think there is anything wrong in bringing 'dodgy' behaviour to their attention, even though you might not get your money back.
Hi Transhaven, I will keep it brief as its partly off topic but I do have comment on NFX as well below. COPL was killed primarily by the reality it was run by a totally dodgy scumbag, a halfway decent CEO could have quite likely succeeded. The problem with smaller companies is shareholders have to act before disaster happens not afterwards & its v difficult getting any concerted action in advance - I know I tried wayback with COPL. As did PaulK in 2021, possibly the last chance to have stopped disaster.
NFX is fortunately run by a decent, entrepreneurial, substantial shareholder in Dan. At least that takes away the chance of an Arthur type situation now he is back in effective charge. But given I began building a stake around the 4p re-listing price, my original shares are at 5% of what I paid. I think many of the original shareholders, including me, had never invested in a biotech co before & didnt realise quite how long it would take to get 002 fit to market to JV partners - essentially 7 years. Just about everything that could go wrong, did go wrong; but we just survived & I think we are now in with a decent chance of a deal.
Looks like we finally did totally lose all money in the other company we were both invested it. What is hilarious is the same people that were so vociferously defending and promoting the company even though everyone knew how dodgy it was are now involved in some "class action" that will go precisely no where!
NFX might be boring but at least there is some chance that at some year before we all die then we will get a product out and the SP will be many multiples.
..sign of the EU patent for 02!
I thought reports on the Telegram huddle back in late Feb said it was being finalised and release was imminent.
It's all gone very quiet now they've got the top-up from their 'big institutional'.