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The ask on here is currently showing £2.41 if only i were that lucky lol.
Time will tell how we are doing.
Still a fair bit to go til 1830pm :)
No RNS?
Yes I agree, they are millionaires and we just pray for returns on our investment, just saying
There wants to be some sort of news or it will drop right back I just wish they can be more positive.
You never know they might pull a rabbit out of the hat.
If you look at the interim financial last report it tells you exactly how much the company was burning before the trial and then during the trial.
If that’s still the case then 25m will go a long, long way
Finance a new trial? Those of us who financed the phase 3 at 175p might feel reluctant to make a further investment at 35p - 40p Just a personal perspective
I'm not expecting any new info on strategy to be released tomorrow as it feels like they have already informed the market of their intention (I.e. further platform trials which will lead to eventual commercialisation). Until govt. Funded trial ruled out i dont expect a JV / licencing deal with big pharma. We might receive an update on finances, but I'll be pleasantly surprised if we receive anything else. Surely they'd have released Activ 2 data or news on platform trials if already known?! To-date there has been no mention of an EUA application (post sprinter read out in Feb.) so can only assume that's not happening. Again, will be pleasantly surprised if this is raised.
GLA
No, on a serious note unfortunately not. Although I’m not too bothered. I think we have enough cash to get by in the immediate term. If we get on a platform trial we should still be OK, IMO.
If we go for our own trial (which I don’t see happening) then we’d have to raise cash. But I think a lot of investors would have to give it some serious thought about if they wanted to plough yet more money in.
I honestly don’t think we’ll hear much tomorrow. A very general update and nothing more.
No I didn't think that, Doc.
I was trying to find out if you actually knew anything about how quickly they were spending money.
Or maybe HSD, did you think I meant the BOD might be physically setting alight bank notes, LOL?!
Cheers Doc, burning through cash could be putting a lighter to a few twenties or pouring petrol over the entire lot - I like the turn of phrase. As you say more will become clear in the update.
"There's a difference between paying bills and 'burning through the cash'." Is there?
HSD - just so we're clear, do you know what i.e. means? Or a figure of speech?
Regardless, call it whatever you like... they are getting through the cash!
Or perhaps in your world we managed to get an EUA, sell SNG001 and make some money? Or that we don't have very expensive salaries to pay? And that the grid has agreed to provide electricity for free?
Cash balance was 25M as of 21st Feb. Tomorrows update is FY results to 31 Dec. Maybe we won’t even get an up to date cash balance, it’s not part of the FY results so it may not be deemed necessary ? I don’t actually know what they are obligated to disclose ?
There's a difference between paying bills and "burning through the cash".
Just so that we're clear, you have no idea how quickly they're spending money then?
Sometimes I think posters like HSD and FTC are worse than the Burstead's of this world.
Because they have bills and salaries to pay.
They are most definitely burning through the cash. How fast? We'll find out tomorrow.
Doc83,
How do you know they're "burning through the cash"?
"The Company also announces today that it will issue its FY 2021 financial results on 25 May 2022 and provide a general company update then."
I read that as they'll be an RNS in the morning with all the FY numbers and a few lines as the general update. We know the numbers won't look great, i.e. we aren't making any money and are burning through the cash.
But let's hope those few lines for the general company update are meaningful.
Do we know how the update will be presented ?
Is there a dial in presentation or are we just expecting a slide deck linked from the RNS ?