The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Bebeto,
I agree with that .
If the Sp moves too much, or if the fear of ´leaks ´ is great they could ask for their shares to be suspended
Agree, I said a company can suspend itself pending an announcement and here's the proof :
Suspension - Eland Oil and Gas Plc
RNS Number : 0285X
AIM
17 December 2019
NOTICE
17/12/2019 7:30am
TEMPORARY SUSPENSION OF TRADING ON AIM
ELAND OIL & GAS PLC
At the request of the company, trading on AIM for the under-mentioned securities has been temporarily suspended from 17/12/2019 7:30am, pending an announcement.
https://www.investegate.co.uk/aim/rns/suspension---eland-oil-and-gas-plc/201912170730030285X/
Shares can be suspended for a number of reasons, there have been a few examples over the last 6 months !
Only 13 days left. All reports into Interferon have been mostly positive. Anyone trying to guess results at this stage are simply crazy. I take it if you are posting here you are invested and hoping for good news. I know I am.
Interesting few days ahead. Let’s hope we waive it bye to Acacia soon.
GLA
To follow up, listening to that albeit few weeks old interview, you get the sense of the logistics and practical steps these guys have been able to take. If anyone here has tried translational research you will understand the hurdles. But they set up couriers, got the equipment and drug out there to home patients and have modern online surveillance and got all the ethics done in a few weeks. This may well end up being their USP! I don't know, I am just impressed with them whether it works or not. I think from what they describe that the early at home trial is the one to watch - he might even seem to be more convinced by this. My concern is results on patients where it has already 'got into their lungs' to quote Richard, may be less convincing. The former however is the big win for all concerned. I just wish this had got more publicity - it is very underplayed?
@Drywall
https://www.investegate.co.uk/aim/rns/suspension---eland-oil-and-gas-plc/201912170730030285X/
Astra Zenica are producing millions of vaccine treatments at the moment in conjunction with Oxford University, accept the vaccine hasn't been proven yet.
Sng can make as many deals as they want, but until the trials are proven successful, it means nothing.
I remember when this board had about four posts a day and the sp was 15p. Richard being a regular poster, Destitute. Y Alarm and myself. Point being this board has little tolerance for open opinion without being shouted down.
I believe the trials are likely to be inclusive based upon the number of trials that are failing around the globe.
this isnt australia...read my link ffs or provide alternative evidence
no it cant .....stop your nonsense..no offence
Thanks for this post Bebeto. Like all on this posting board, we know a lot more about interferon biology than we ever expected. A reassuringly well informed interview and with papers and science behind this I don't think any of us here discussing markets and the science could be accused of not having done our research. This is the perfect example of novel academic led research that could be a game changer.Right now the pure unadulterated joy of a small British led biotech company being the vanguard of this fight would be the biggest reward ever. My money is not on a wow panacea 'cure' at this stage (although that would be great but unlikely), but some very positive protective indicators that are going to be the stage for further investment and clinical development.
Like all here - the most eagerly awaited results I can ever remember and the fun of reading and starting to post here has been worth it.
https://youtu.be/npEFq4AiuIY
They're all reason's why a company could be suspended but a company can suspend itself pending an announcement.
@ woodstock 'dialogue about suspension...is premature'... its not premature...its nonsense...it cant happen under AIM rules unless:
Broadly speaking, companies have their shares suspended either because of breaking the rules of listing on the market, or pending an announcement clarifying the company’s financial position.
In terms of breaking the rules of listing, trading is suspended to allow the company to formally address these matters of concern to the satisfaction of regulators, thereby protecting current and potential investors.
When it comes to the AIM Market, as well as failing to submit half-year reports and annual accounts on time, other common causes for shares being suspended include:
The AIM company ceasing to have a nominated adviser. If within one month of this suspension, the company has failed to appointment a replacement, then the AIM securities will be cancelled (Rule 1).
The AIM company announcing that a reverse takeover transaction has been agreed or is being contemplated. In this instance, shares will remain suspended until the company has published its admission document in respect of the enlarged group or the proposed negotiations are terminated (Rule 14).
The AIM company putting in place changes that can be judged a fundamental change of business. Under such circumstances, the company must work alongside their adviser to re-prepare their AIM admission document and go through the processes required for re-admission to trading of its shares (Rule 15).
The ruling that envelopes any decision to suspend shares is Rule 40 and what is referred to as maintenance of an orderly market. Under this ruling, the Exchange may suspend the trading of AIM securities where:
Trading in those securities is not being conducted in an orderly manner
It considers that an AIM company has failed to comply with the rules
The protection of investors so requires
The integrity and reputation of the market has been or may be impaired by dealings in those securities.
https://aim-watch.com/project/trading-suspensions-overview/#:~:text=The%20ruling%20that%20envelopes%20any,trading%20of%20AIM%20securities%20where%3A&text=It%20considers%20that%20an%20AIM,protection%20of%20investors%20so%20requires
Hear it from the horses mouth they must be very confident (of trials outcome) to have already bought millions of doses of SNG001 for resale & looking for some type of partnership or transaction with large companies.
Very interesting from around the 13min mark:
https://youtu.be/npEFq4AiuIY
I agree, being able to afford to lose your investment is puzzling to me, surely we can all afford to lose. But it will hurt the vast majority though, it will definitely hurt me but I’m not going to spontaneously combust.
Its worth considering that Sars Covic 19 is proving a difficult customer. Meaning in the last four months a lot of trials around the globe have failed.
It's easy to say only invest what you can afford to lose. The truth is, punters extend themselves.
Dialogue of suspension and takeovers is premature because our trial results could prove inconclusive.
Sorry, but none of the listed reasons for suspending shares are likely to be applicable here. Even in the event of a take over could they normally apply a suspension.
they won't suspend because they are not allowed to
I’m new to this, why would they suspend the share before results? What would be the benefit from that?
https://aim-watch.com/project/trading-suspensions-overview/#:~:text=The%20ruling%20that%20envelopes%20any,trading%20of%20AIM%20securities%20where%3A&text=It%20considers%20that%20an%20AIM,protection%20of%20investors%20so%20requires
suspension...how is that an option?
I'm wondering if they're going to suspend us before releasing the hospital & COPD interim analysis results?
Is Friday BOOM a'clock?
Tick, Tock!
Friday PM is my guess, just after the market closes, Champagne will be on ice just in case im right.
Hold for gold!
I think thursday/friday will be fireworks... expecting news next week, may the luck be with us