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Thompi, she can only work with what she has got. For what ever reason the company don't have anything to say publicly at the moment, hence you are not hearing anything.
She will be active in dealing with any investor relations that are directed her way, so if you send an email asking a question it would be dealt with through her.
Is Fleur Wood, Investor Relations, still a consultant, and if so what does she do? I think NFX could do with some help in that department. Of course some positive news would negate the need for an adviser.
5. Tell people.
To do list
1. Get a decent deal signed soon
2. Get a decent deal signed soon
3. See above
4. ;-)
We can do that for free
Maybe just someone to write a ‘to do’ list for Blackwell would be a start.
Salesman....I agree but it will have to be Harry Potter to get this going!!!
Some very interesting posts today, I think it’s an excellent board to be on.
If I was hiring, a salesman would be top of the list.
I'm sure DG mentioned in an interview that the plan was to build it up and sell it. A transformational deal on NXP002 would have been a great opportunity to do that, then maybe individuals could disappear in their own directions to fulfill the smaller obligations (we know DT moved to Ebers).
I can only imagine that something or someone has poisoned the waterhole. Maybe not everyone saw the sale as the end of the dream. Perhaps they wanted more on the back of the pandemic. Re-negotiation would certainly threaten an existing deal and a power struggle could have erupted if anyone was against that.
Just my thoughts on what may have happened.
Good point FX, it was the stated aim in the listing prospectus.
Maybe the NXP002 deal represented the sale the club, not just the striker.
Again it goes back to why the silence on everything else thats not related to the negotiations.
Personally I don't care how long NXP002 deal takes as long as it gets there.
But they should be building the rest of the company that isn't part of any negotiations in the mean time. If you are going to sell your star striker, you don't stop the rest of the team training.
If they are being careful and taking their time then why the absolute silence. Surely it would make sense to keep investors informed so that the reason for the delay is clear and confidence can be maintained. Silence just looks like you're hiding something. Add to that the shenanigans and things look even more suspicious.
Surely getting a transformational deal across the line gives the board a unified focus. As I've mentioned before, an exodus of directors at a time when their wealth is about to increase substantially is fairly rare in my experience.
My gut tells me that something fundamentally bad has been the the catalyst to those shenanigans and this lack of news. The most reasonable assumption is that the chance of closing any NXP002 deal, if there ever really was one, faltered earlier this year. Which party is responsible for that? I don't know.
I hope that CB can turn things around with something elsebbut this continued silence is very concerning.
I would add that I am as irritated as anyone with performance this year, but my main grievance is the board shenanigans that have occured, in addition to lack of published progress on other agreements. Obviously I want them to progress nxp002 but am prepared to wait for it if required
To add to this do remember this deal is transformative and includes many years of development work. It stands to reason that they will want to ensure negotiations are as lucrative as possible, if that means abandoning a prior negotiation position as the market has changed during discussions, or approaching other partners because they're not getting what they want. I would expect them to have moved goal posts this year, it would be idiotic not to do so. This would likely cause a delay and potentially couldve upset the partner in original discussions, who knows. I know if it was me in the negotiating seat I would take my time to achieve the result I wanted as this deal ; whilst regional in nature, it will potentially set a precedent for other partners interested in the product in other regions after the publication of any agreement.
BTW - i am not aware of the vast difference in resources available!
Not sure - all i do know however is that in the time since we heard about talk of a partnership, we will have seen a EU Withdrawal Bill ratified and potentially an agreed EU trade deal conducted over the same time frame. Where there's a will, there's a way.
ATM, all things NFX feels a bit 'wing and a prayer' unfortunately.
FX, thats the problem, the company doesn't have to tell us if negotiations stop / break down etc.
Does the 'partner' really have an unlimited time to outcome...or are the board just very reluctant to tell us that things haven't worked out? Perhaps they are talking to someone else now but it doesn't take this long for things to move in a positive direction if both parties are happy.
It's time they spilled the beans on the real state of play.
I actually think they should have signed a MOU with whoever they were talking to about NXP002, then they could have time limited the outcome.
tbh the only reason why I am still invested is because it can't get much worse than where we are, and I want my money back. Tech is brilliant, company is awful. Quicker the news drops, the quicker I can utilise that money for gains elsewhere
not being a curmogeon ,but these MOU type deals i hold no faith in .
vague ,wishy washy
You mean like we were the best thing since sliced bread when Ebers deal was announce or the VistaGen deal or the Oxilio deals.
Really don't need a lecture Aim.
ATB
July 22nd.
" During the year, we prioritised development of our anti-fibrotic candidate, NXP002, and are developing an inhaled formulation"
Anything ????
Absolute disdain for shareholders by this company imo
ATB
In theory we should have news on Vistagen and NXP004 before the end of the year, at least this is what the company has told us to expect.
NXP002... who knows, so no point guessing.