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Knows, fair points on long term directors. There are 4 directors and 4 non-exec directors.
Durrant and Adams took up shares in the last OO.
Holloway had been CEO for just over 2 years when Covid 19 hit.
Chiplin - according to this source he has more than 2m shares but I'm not sure how current that is. https://www.marketscreener.com/business-leaders/John-Chiplin-06R2F3-E/biography/
I haven't bothered tracking down the non-execs.
Knowlesi
Were you an investigative detective and if you weren't you should have been because you can't half drill down on a point .
Chester.
For Covidity, as I said before, the key may be that the delivery method has been finalised
If we can get the 3 trials going then there will be so much expectancy that I feel it will have a great impact on the SP.
Ruck
"I’m more interested in how they plan to get trials moving and not burn through £50m without something substantial to show."
I agree totally.
So we need to see confidence in a start quarter for a Covidity trial (surely they can specify a quarter now rather than a half year)
For the Modi1 trial we need to know that the manufacturing problems are over and a start quarter is planned (pandemic allowing)
For SCIB1 we need to know if the go ahead to resume has been given
If they are still specifying half years it gives me less confidence.
Ruck,
Plenty of time before 2023 for the data to come in, but it if doesn't rise above it, surely they will roll that one forward too. LOL
As you say, many cutting edge companies with a talented workforce provide the boons. I was told by an acquaintance a long time ago, that they were golden handcuff where they were. The options could not be exercised until 6 months after they were issued, so if you felt like quitting (just because), you had to weigh up when you would quit.
LL,
That's a great point about employee share options, quite common in innovative, cutting edge companies with a very qualified and talented workforce.
Good link as well - I do hope Richard takes up his 3.5M at 33.2p soon!
Knowlesi, I agree that the BOD know "stuff" we don't. Couple of things I've been pondering.
1. I believe the recent BOD changes are in the window of blocked dealings because of the issue of the accounts, the open offer, and possibly other "stuff".
2. It will be interesting to see what options are offered to staff / Directors, and whether Scancell put in a SAYE scheme.
I don't think any Director joins a firm to make it fail, so I'm going to suspend judgement. I am keeping an eye on this page: https://www.scancell.co.uk/share-info Where I can see CH can take up 4M shares and LD can take up almost 14m shares in the coming years.
I'm going to simply enjoy the days between now and when the presentation arrives, and then come up with a list of questions for clarification and understanding.
I can already see that some of my usual "wanting to know everything" curiosity means that I would have to sign an NDA and probably stop trading altogether if my questions were to be answered. So for the next couple of years, I will trust that Scancell is working hard to get things done.
Of course your counters are never personal. In fact I just checked back over the most recent days and indeed they are not. Apart from your latest post directed at me of course. And the ones over the past few days that are directed personally at Ruck, GF, C7, GF again, Chester, Chester again, Inanaco, Bunsie, Chester again, Ruck again, Krafty (twice), Douve87, Crumbs.....
Anyway, thank you for making your point as it's always good to discuss stuff. You have a good day too.
knowlesi,
Perhaps you need to credit the "average reader" with a little more intelligence. I think most adults who make their own investment decisions understand that the board of any company know things that they don't. They also understand that a company who have forked out £40M are probably privy to a few extra details as well. The BOD aren't scrambling for shares so if they do know something we don't then they aren't showing it in terms of buys either because they haven't got any money or they are legally bound not too.
Make your mind up knowlesi - on the one hand 'I don't believe we should just let these type of statements pass without challenging them.' And on the other hand you complain when pulled up and say '.... any counter opinion is immediately attacked.'
The big question for me is how they intend to use this mountain of cash broken down by specific trials, research items, platforms etc. In order words what is the project plan now.
I think a large part of that should get answered in the presentation.
There might be some surprise items on the list and I'm thinking CAR-T ; perhaps not such a surprise item but more detail is required. I'm also thinking Modi3 and perhaps the partial resurrection of project blueprint.
Lindy has more money than she has ever had by far in order to progress her ambitions.
Kashdog,
I agree, everyone should ask their own question.
Saves the bother of electing a spokesperson
Saves us arguing over what gets asked
I think having the same question asked 20 times will carry more weight than asked once on a list of 20.
Personally I am not interested in the detail of the science. If we don’t trust prof Durrant and team with that we shouldn’t be invested here! I’m more interested in how they plan to get trials moving and not burn through £50m without something substantial to show.
Yes, I came to the same conclusion Ivy.
Agree Ray,
You may also find they limit one question per person so if you have a “ spokesperson” you may only get one question from a list answered.
Do appreciate we all want different questions asked but suggest if you need someone else to ask the question if you don’t understand how to ask it yourself it may not be the right question imo
C7,
Just as an exercise I added Covidity to my model. We don’t know if Covidity will work, if it does whether it will be adopted, how many shots will be given or how the revenue will be distributed.
But, assuming we get 1p per shot and there are one billion shots (every year) it would add 4p to the share price. So 4p per penny per 1 billion shots so
1 billion x 1p = 4p
1 billion x 2p = 8p
2 billion x 2p = 16p
1 billion x 10p = 40p
2 billion x £1 = £8
So take your pick!
I’m all for balance but there is no point trying to find balance when there is none. A positive action is more an indicator than a negative one. So someone buying shares is a better indicator than not buying shares. The balance to buying shares is selling shares so if you are looking for balance, compare who is selling versus who is buying. Have the BOD sold? No.
Knowlesi, I will always support you if you are right but in this case you aren’t.
Kashdog
I agree with you. It is probably a bad idea.
No harm in debating the issues and expressing opinions but best if each ask their own questions that they feel is most important to them.
That's 'accept' obviously - but Knowlesi, fair to make the point but I never put too much store on BoD shareholdings. Yes it'd be good to see 'em up to their neck in shares, but you never know what personal matters might be at play. I'm convinced BoD are all committed to Scancell.
As for the AGM, I guess BoD might heave a sigh of relief after voices were raised elsewhere - I fear BoD will escape the second level scrutiny that you can get in a live exchange. That's that in CV-19 times.
And Llass - thanks.
Knowlesi - did you mean ‘accept’ rather than ‘except’? Just wondered because it makes quite a difference to what you appear to be trying to say.
SK. Sp isn’t less than 4p. You got this wrong. Accept you called it wrong and move on. Your spin isn’t working. Next few weeks will also prove you wrong. Keep up the poor work! ATB.
I want to know how those mice they couldnt kill are getting on.
I think the point is... are BoD adding to their holdings!....not whether they historically hold stock... it's a good temperature check on he confidence the Board has... after all, they hold the knowledge.
That said, buying in when there is knowledge, not shared formally, breaches rules.. so it's a judgement we have to make!.... it was ever thus!!
SK. What a load of rubbish. Who exactly are the some on the board who don’t own shares? Think it’s just CH. so let’s be clear rather than trying to spin rubbish. So it’s not balance is it? ATB.