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Just to tidy up. Bermuda 14.11 - re. Konar's 12.32, I agreed with Konar's 1st 2 very clear paras. As for the 3rd para, (which had after all ended with 3 question marks) - my answer to your protest, specifically, would be no, same as yours in fact.
For me the 3rd para was a question, not a statement to endorse, BUT anyway, sorry to confuse.
AB124, as you can see it is very early in the morning and I had the rare pleasure of getting out tonight, could so easily have cancelled but I was determined to take my best friend , a very beautiful lady out for a meal tonight. I Nearly cancelled early evening I just couldn"t move and the thought of even getting dressed when I found that nearly nearly impossible, I am very weak again the last few months nearly led to me cancelling but I dug in hard and somehow managed too , where we ended up having an amazing evening and beautiful evening.
The reason I am telling you this is as I posted Thursday in a post which exceeded 14 recs, I expressed my gratitude to everyone who had posted all week, the interesting content and a envirement where everybody could post their feelings without being subjected to the grilling on every word which you responded with. I was actually polite, said I understood yur post, but don"t wish to enter into such a long post on retrospectve point. I haven"t posted that much in recent months due to my health, I said I think about what is happening in the now, told you to Take Care, wished you ATB and a good weekend.
I actually won £20 o a fellow poster betting it would be you who would target me or that post the verynext day and you did, and in your nxt post for all to see you slated me in whatever way you could, accusing me of all sorts that eeryone has been doing and your true feelings to me poured out which was exactly why I wasn"t going to get involved in a thread, after saying I just wish DEwell and hope it is not a health issue. I am sure your friend will follow up with very personal attack you don"t like me one iota, as Aimbig you wished me dead twice on ADVFN as you have posted for the upteenth time so doesn"t it just make sense to avoid one another?? But no at every opportunity you will look to demean me.
We have had this conversation so many times, for the sake of this BB which has been superb lets just call this long term vendetta off, it will never be right and you will always twist my words and blame me for any disharmony there is. AB, like many others I wat to enjoy this share,more than ever now, just happy to read others opinions, accept them and whlst I am in very poor health, I am only too happy like this afternoon posting we are on the move and sharing opinions on what is behind it. But as you did today you criticise me heavily for sharing my own pleasure, when if it bothers you so much, simply filter me.
I felt i needed to get this off my chest for once and all, the recs I got yesterday tell me clearly many others feel the same way.
Lets not ruin what we have had recently, unless of course you choose too. I simply don"t. just want to enjoy my investment and again recover, no retrospectve what ifs, I try to live in the day....TBH 3 times this week you have posed what ifs, not one person has replied.. ATB, GOOD LUCK
Evening- know SCLP are not represented directly but their work may well be covered and you can always ask questions
https://www.uk-cic.org/news/uk-cic-public-webinar-covid-19-vaccines-and-protective-immunity
Konar,
In answer to your 15.43, all I know is that he strongly feels the incorporation of Zakari should have been announced via RNS. I hope when it is finally announced and full details emerge then he'll take a different view and change his mind.
Other than that I don't know whether there are any other factors that may be behind his actions. However, in view of the efforts he's making on behalf of the UK diagnostics industry to hold the Government to account re. the Covid LFT debacle particularly regarding lack of transparency, it seems governance and transparency are clearly important issues to him.
I haven't ever thought or suggested that business people are successful because they are principled, that would be a mistake. Equally it would be just as much of a mistake to believe that all successful people have no principles. What I'm absolutely certain of though, is that if he really wanted to influence the SP to buy at a lower price, we'd never know anything about it - as AB124 has pointed out there are much easier and less obvious ways. He certainly wouldn't do it in such a public manner.
The point I was really trying to make was that he's said he'll sell in an orderly way and we know his reasons aren't related to the potential of Scancell to succeed which I find reassuring and I hope others do too.
https://www.telegraph.co.uk/business/2021/06/23/lateral-flow-test-approval-process-must-reformed-industry-leaders/
Konar...............................................no, but I haven"t read his posts
@Bermudashorts re 14:11
I honestly don't know what he is doing.. but do you honestly believe after being invested and supporting Scancell for as long as he had, that he is selling up now?? Seriously???
Konar
"If you all think business people are successful because they operate on principles.. then I don't know what to tell you."
i don't think I did say that, BUT since DE has stated his principles, that that is his position and he is a great deal richer than most (if not all) posting on this BB I must take his statements as correct.
Do you feel he is not being truthful?
That is a rhetorical question and I hope you will understand that in the ideal world I will agree that Timely and Full disclosure is to be lauded.
Cannot imagine you would disagree with that?
AIMO
C7
Nitpicking?
Ok, your opinion.
Sorry if you feel my post was worthless. I hope it was OK to post it though. :-(
Just a question,
If you have moved on from "what ifs" and live in the now, why do you relentlessly try and tell us when the next RNS will hit and that the next trading day will be "Blue"?
To me living in the Now is awaiting patiently the news and analysing and distilling the effect that that announcement is likely to have on the SP. Calling when the next milestone will arrive is futile IMO.
Having said that I do believe that the scenario I mentioned is a very good reason for Companies to be prompt and straightforward with announcements particularly as it would have been a convenient way for Scancell to progress in a more finacially lubricated way post Moditope discovery (fictionally speaking). It was also meant to demonstrate in extreme terms why Timely and Full disclosure protects everybody.
Finally don't forget the reason I picked up on the point was because you were taking DE's History and using it to congratulate him.
I was taking history (Fictionally reinvented/revisited - or whatever the term is today) to make my point about disclosure which is what Konar was posting about in the NOW!
Hope that explains my post, even though you see it as nitpicking (fussy or pedantic fault-finding). Not sure it is .
Have a great weekend
Konar I understand where you are coming from, remember my business for 20 years was debt recovery, legal services and insolvency, so I really do know what you mean.
My first impression from having met DE 3 times at AGM"s some years ago was that perhaps his health issues had worsened, he did resign a few3 positions some years ago for that very reason, and I just hope he is well and as I say wish him the best of.
A I have said a few times this week it has been great to be able to read peoples opinions, understand them without nit picking in such retrospective detail.
Understand your post, forgive me but I have moved on from ""what ifs"" and try to live in the now.
Take care ATB
If you all think business people are successful because they operate on principles.. then I don't know what to tell you.
Maybe the term 'sell-off' was a little strong for what I had in mind. With relatively low liquidity it only takes a few transactions to lower the price by a few pence if moving in the same direction. Which could be significant if you were thinking of buying. I think quite a lot of people try that approach on these boards daily!
For the record, I didn't accuse DE of doing any of this, I just pondered what I might do if I were looking to buy.
But let's be realistic, would any of you lot seriously be thinking about divesting at the moment on a point of principle??
C7
When the company had only Immunobody and were expecting to sellout by (Late?) 2013 there was no significant Capital problem. A basic pair of trials and then sell Scancell.
Then Moditope came along. Here's a question. What if Moditope hadn't been RNS'd in (Aug?) 2012?
Things might have been radically different.
The BOD certainly seemed to have made a timely announcement to their shareholders then.
The problem with making that RNS was that from that day forward it became a problem for cashflow.
Maybe if that announcement had not been made in a timely way the discovery could have fallen into another company (which could have raised capital for Moditope on its own). Now if you held back THAT discovery RNS there wouldn't have been half the problems to cope with post 2012. DE was instrumental in keeping Scancell together (rather than hiving Moditope off on its own). Who knows what would have happened if Immunobody was the only asset that SCLP shareholders would now have with LD working for two companies? We certainly wouldn't have three platforms to hope for success in Scancell and anyone without the resources to buy shares in a second company might have been left out in the cold vis a vis Moditope.
Purely looking a bit backwards and seeing what might have happened should corners be cut or info witheld.
I like the idea of full and immediate disclosure. Seemingly as does DE.
AIMO
PS I should say that I don't believe any such idea ever crossed the BODs mind in the case of Moditope (but it could have done if we were writing a novel).
I guess that's why you announce stuff ASAP. Keeps the BOD safe and above criticism and stops the Shareholders coming up with weird ideas about announcements.
Bermuda, great post as ever. I think when he strted posting on ADVFN I didn"t really believe it was DE posting, but pretty sure it was you who invited me to call him myself and gave me his phne numer.
I enjoyed a long phone call with him and found him to be easy to talk to and very sincere. I haven"t read what he posted on ADVFN but he does read this BB and David if you are reading this just to wish you well and best of luck in whatever you decide to do next. I think his time here must have been quite difficult given the financial restrictions we worked under in those early years, and I just wish him well.
Konar perfectly reasonable post, I just don"t believe he would do that, there were certainly a few issues at the time but he had/has a lot of respect for Scancell and I am sure that has not changed.
Konar your 12.32
I completely agree with your first paragraph but the second and third seem to be a little at odds with it.
"But I just don't buy that you would sell up (however orderly) on the basis of disagreeing on the timing of an RNS, right at the point of one of the biggest potential inflection points in the company history.
If I was a former chair of the company, and was looking to buy.. would I try to encourage a sell off? ??"
Firstly (taking your third para I don't believe for one minute that he's trying to encourage a selloff.
He may be telling us that his position is taken not simply because iof the timing or lack of an RNS but because he FUNDAMENTALLY disagrees with the way that the BOD has conducted the initial process for what appears to be the embryonic signs of a significant move in the Company's direction and process towards a strategy that none of us on BBs can yet know about.
Also I do take issue with the idea that he is/was trying to engineer a selloff. Anyone reading his posts on the other forum will see that he equates his divestment with the BODs path to any news we might recieve not the news itself.
To me anyone with Principles that would be strong enough to sell a personal holding because of a disagreement in the manner in which a BOD is moving (rather than the likely results of the outcome) simply underlines the individual's
Inherent existing wealth (IE not requiring to compromise his commercial beliefs in the quest for profit) and commercial probity. -
If I am correct in those assumptions above (and it's a completely personal view derived from DE's posts (and previous actions in publicising the company) which makes me feel that he is not acting in any way that suggests he wants a bloodbath in the Company's Share Price. In that connection I also believe that from my own belief in where we are with Investors ATM it seems unlikely that even a substantial and intentionally badly managed unilateral "Selloff" would seriously affect the SP given the way things have panned out over the last (almost news free) few months.
So no Konar, I can't agree with your view that he was trying to encourage a selloff. If he'd wanted to do that he could easily have sold through the market in badly managed tranches, said nothing to anybody (including the BOD with whom i think he collectively disagrees rather than personally hates) and sat back and watched the bloodbath before the heavyweights weighed into rescue the mess that might have been created.
I take my hat off to anyone who is prepared to put their heart on their sleeve such as has DE.
Whatever anyone says about him he was (and to a degree still is) a major influence in how Scancell has turned out from float to today.
I may be completely wrong in evrything I've posted above, but there's only one person who can correct it and he doesn't post here.
AIMO
TF/Konar
You think this is all a ploy from David Evans to lower the SP to allow him to him to buy more cheaply? Seriously?!!!
Good post Konar. IMHO
Ruck, my turn to be the mathematician, lol
C7,
I meant 10m shares not £10m. Sorry.
All totally valid points, and fundamentally I don't disagree with DE's view that the company should be more transparent with their shareholders. Particularly on something as potentially significant as a breakout company.
But I just don't buy that you would sell up (however orderly) on the basis of disagreeing on the timing of an RNS, right at the point of one of the biggest potential inflection points in the company history.
If I was a former chair of the company, and was looking to buy.. would I try to encourage a sell off? ??
As an indication, it's quite easy to go back and check previous annual reports and look at directors' holdings. Back in 2016, David Evans owned just over 5m shares. He has always been supportive of Scancell and may well have taken part in subsequent fundraisings and bought/sold some stock. Someone mentioned the figure of 7m shares and that sounds credible. It certainly wouldn't be anywhere near 100m shares and anything over 24m is above the notifiable threshold so it's definitely less than that. Either way, I'm not sure it matters too much, David has said he'll dispose of his shares in an orderly manner and he'll be true to his word.
I think it's worth reiterating that the reason for his decision is completely unrelated to the investment potential here and is purely down to a difference of opinion with both Scancell and their nomad on the timing of an RNS. Sometimes in life things don't always slot neatly into right/wrong but sit in a grey area in between. I believe David's point was that whilst he accepts Panmure's/Scancell's confirmation that there is no regulatory need to issue an RNS now regarding Zakari, he felt that in the interests of transparency, there was a moral need.
As I mentioned earlier, David has been an important champion of Scancell's cause over many years. When Chairman he kept his fees at just £10k pa and at times took a ridiculous amount of stick . Does the fact that DE is selling have any impact on the success or failure of Scancell's products? No, but it's a shame nonetheless.
IMO of course.
DE is David Evans who was chairman of Scancell before John Chiplin.
He posts on advfn under the name "NXC".
He had a bit of a falling out when he was chairman over Lindy and RG's plans for Moditope and ending up being replaced soon after.
I'm sure there will be posters here who can fill in more details.
sorry not with this who is DE and what is the big deals about him selling ?
Hi Ruck, £10m? Cant be, that would be 100m shares at 10p?
I think that is what has changed here for the better, read others opinions and consider why they hold that view, At the end of the day we all decide what is better for ourselves ATB
C7 totally agree.
He was extremely gracious about you following your chat with him.
There are some people who due to their experience, knowledge and gravitas that you just have to pay attention to. Whether you agree with them or not, you have to consider WHY they hold that view or take a particular course of action.
I thought he had about £10M invested in Scancell? Either way, he has been a long time supporter and advocate for the company.
Whatever is being said or what people think, I cannot see DE deliberately hurting Scancell or himself. The world is too small and life too short to make enemies.