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You are boring me now. if you don't hold go somewhere else, and if you do you are just hurting your investment.
Someone is buying these up yesterday and today ... my theory is it was all a cunning plan, leak a low placing whilst shorting that was never going to happen, then buy up a load of cheap ones when it drops .. profit at both ends. It happens all the time down here in the as s hole of the market.
LOL Silver,
Apr 13, 2023, the day last year Ajan announced ROQ were in 'deal mode' https://twitter.com/RoquefortTherap/status/1646487211670372353
Apr 10 2024, still waiting 🥱. ROQ have tweeted over and over about other pharms deals. The twitter boys have tweeted and retweet for over 2.5 years about a deal !!! So what's the hold up, the quality of data that would need to be given to the proposed JV partner? Results are as good as expected? Something has stopped a potential JV partner from taking the plunge after a year in deal mode?
You just need to to do a Google search on Ajan to establish his business background, including concerns over data quality and what his own solicitor said about him.
In terms of investment, you don't know where I invest, but I certainly haven't sat here watching my money go from 14p at the last placement to 4.35p today like some people. Invest your money elsewhere, make a profit and come back to here after the next placing. It's down again today and will stay low without a deal because the market, IMHO, believes a heavily discounted placing is on the way.
I wish more boards had robin hoods like yourself to give up their precious time to warn off investors in random shares they don't own sausage .. its so selfless, thank you sir!
But still the market believes a placing is on the way, down 3% so far today. With every rise there'll be, imho, a sell off as people look to escape with something rather than a lot less.
Do companies go 'gauging interest' from potential funders if their finances are healthy? I don't believe they do.
Yes its a stupid drop, moving back up now
Sorry, I meant 500,000 not 5M hahahah
The placement was around 5M That was 5% before the big drop. It's now 10%. Still doesn't justify a 45% fall in the share price.
It was very badly handled. By Roq or the Broker no-one knows. In a presentation 6 months or so ago Ajan did say that they had enough money to run operations till the end of March. This is public info and anyone can go back to see that live presentation.
I emailed management at the end of March regarding this but with no reply. On hind sight this was their blackout period.
What we can take from this is that there is no meaningful conversations with a PE investor, and the big Pharma discussions are delayed longer than the Co chad envisaged. Not dead by a long way but very disappointing.
I did notice that in their last announcement they did say that they would tell the market "when a binding agreement was " finalized as opposed to their last one which said, If and when, ( or words to that effect)
One question I have is , where are the bulletin board comments regarding the miss information as to the placement price that they referred to????
I can't find them. Please help if you can
Your naivety is fine until you get hit with a 90% placing
But good luck to all holders
As I said speak to the CEO he will clear it up for you if you are really interested, I don’t post these chats on public forums. Safe to say small caps alway need funding when pre revenue, how do you think they exist. No problem with a mil or 2 personally whist we wait for a deal, as an lth. All depends on your timelines, no rush my side as the science is solid and he’s done this before. You must be interested for a reason or you wouldn’t be posting so give him a call.
Silverlight,
If they don't need the funds, why the heck, as Bel states, did they just 'gauge interest' with the resultant 40% drop in the share price?
Why would you do that?? That's even worse in my opinion than needing cash and not getting the placing away. We don't need the cash but we are going to go out and ask about cash, which, imho, leaked somehow and dropped the price 40% and now a large proportion of the market thinks at some point in the near future they are going out for a discounted placing.
Last placing was Sept 2022 for around £1m, it can't last forever.
It just doesn't add up what you and others on X are saying. Royally screw the sp and make people think you're going for a discounted placing in the near future just to 'gauge interest'???
I gotta say it feels like they went out to secure funding and it wasn't forthcoming, now they are looking a bit stumped.
A placing or another drop in anticipation of a placing ??
There is only one answer - you can’t place when price drops 40% as it’s obviously leaked and you would be in no end of trouble with the FCA for insider trading. They don’t need cash the ceo has said privately (if you call him he will tell you the same) so end of. We carry on and wait for the deal which will ten bag this.
You’re really going for this sausage for a non investor. Are you bored, you obviously want in lower … this is as low as your going to get so buy or stop posting negatives no one appreciates it. If you want answers to your questions call the CEO
All up to the individual you sound like someone who buys in for news I’m a lth. Ps news could land anytime - they could be making us think anything here .. no one really knows
Well Bel has tweeted "looks like they just tried to gauge interest"
So if we unpack that.
So let's picture the scene, a Thursday afternoon, Ajan and Co are sat in the office have just checked the ol' bank account.
Ajan says, you know folks we might have loads of money in the bank but lets get on the dog and bone to the advisors and get them to trot around the bizarre's and ask our friendly funders if they wanna stump up any money. But do tell them we are not actually raising we are just gauging interest.
Question: is that what really happened? They simply wanted to gauge interest? Anyone believe that theory?
And even if they were 'just gauging' interest, how did the share price end up touch over 39% down yesterday?
So X appears to be awash with theories.
1) They were just gauging interest, no other reason.
2) They asked about a placing and didn't get the positive response.
3) They need money and a placing will happen in time.
4) Run it into the ground and buy it cheaply by the directors.
As Del a Soul would say, 3 is the magic number, imho of course
But surely there’s no rush to buy here now? The word is out they they need money
Not easier to work cash elsewhere?
*Worded not wired
I bought a long time ago for the deal. Not trading it or worrying about short terms prices - so doesn’t bother me, it will come. He has said he doesn’t want to raise at these low prices so any cash will be higher. Not sure why it’s still 40% down to be honest completely overdone - it will move back up in the days and weeks ahead. The RNS could have been wired better I admit.
The problem here is they were wanting to raise, that implies they need money
Until that money is raised there will be an overhang now on the shares
Partners don't usually pay your legal costs to get deals over the line! There s also opex on a daily basis - deals could be a month, 2 months 3 months who knows but they still need to pay the bills! doesn't necessary mean any deal is cash either! could be any shape or form - could be contracted for additional research, marketing anything - we have no idea.
So Bel is stating it’s not him, if this is the case then apologies to him.
Who is it then? Someone clearly has a lot of shares and wants out
Silverlight, what are you going on about. If they were about to sign a deal and get paid by the jv partner for the work done, why would they go out looking for money? If they need money (placing) then the signing a deal with a partner can't be that close can it?
Just sick to the back teeth of those who only turn up on boards where the SP has dropped and they smell blood - here for a day then never to be seen again. The CEO is happy to talk to those who want to ring him rather than speculating.
I can understand what you are saying. But there are other ways to raise money, eg types of business deals, which might or might not be about to be signed. We just don’t know, and can’t read too much into the RNS, even though we would like to, depending on stance!