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Great day
I hope they do. Looks like some shorts also closing so good luck to all the long suffering shareholders.
Whatever happens, as near to 100% STX will be relying on cash to get them though the rest of 2024 so the question is who provides it? AOP? This is an FDA approved drug so if it is as good as the mgmt team claim it to be it's obviously worth something, the problem is they won't be able to fight off a lowball bid from the likes of AOP this time around.
Last year the mandatory cash offer was 6.01p, this time around they could easily pull off a TO at less than half that.
Results!
Who things thats the results will be stunning & shock us all in a good way?.
Just remember its this management that have missed targets, breached promises, fund raises at 30p, 15p and 6p who would actually believe a thing they say?
I understand we had an alleged pandemic which basically closed Sheilds marketplace for several years.
Before that this management team thought they could go and conquer the USA alone and that went tits up. How in anyone's mind thought it would be a good idea to take this drug into the states and hope to crack it? Eventually after lost time, effort & money did someone see sence and go 50/50 with a partner.
The list of shambolic management decisions is appalling.
Can the management pull a rabbit out of the hat?
In all honesty, I hope so buf doubt it.
GLA, DYOR & have a great weekend
Neon,
That's it, there or thereabouts as far as we will ever know.
There must be a total step change in company spend verses revenue intake for sheild to stay in ICU & not moved to the mortuary for buriel.
Nice! But there was a big sell too, £1.13M. I've noticed lots of big sells in last few weeks with big buys, not sure what's going on. If buyers can overcome the sellers than it might rise, something it's been doing since touching 1.06p yesterday. I hope they can finally bring some good news next week but judging by what they have done before, I'll wait and see the result first and actions they are taking to mitigate their financial catastrophe.
GLA
Is it? So please confirm if I'm doing it right. 20/12 = £1.66M per month? Four months gone almost so £6.67M spent already so £13M-£6.67M = £6.33M left in the bank which will last £6.33M/£1.66M = 4 months approximately so they will run out of cash around August 2024?
Flurry of buys....lol.
The poor people 6p will be so excited they'll be opening wine all weekend
Flurry of buys
Stx ARE BURNING 20 ODD MILLION A YEAR CASH IN DEC 13 MILLION work the figures out they need cash soon
One thing I did to ease my mind, spoke to a company representative regarding this narrative of being "delisted from aim". They confirmed that this not something on their agenda.
The remaining relies on how good the results are.
On an upward trajectory now.
Fully funded to cash flow positive
712k buy
What does your last post actually mean
If its in regards to future endorsement of shields only current drug,
you will see that China has no approval as yet and its 6 months late currently
What revenue comes from Canada?
Likewise Korea?
What are the many more catalysts?
Buys
China, Canada, Korea and many more catalysts
Buyers coming in.
Looks like it could be a good one
'Shield has also undertaken several important measures to manage its cash flow, including the reduction of operating expenses, and working capital enhancements, to provide the necessary resources with the aim of turning cash flow positive in the second half of 2025'
It's worded very vaguely, intentionally so.
As for the previous post re 45k scripts Hardman modelled 55k scripts for q4 of last year rising to ~65k by q1 of this year to get to 330k in 2024. 45k scripts won't be anywhere near enough to get them to cash flow break even before the next cash call but I agree it would certainly be reason to be a bit more optimistic, especially if there's any movement on net price per Rx.
Said they have enough cash with cut backs to get to free cash flow in 2025.
I don’t think him telling fibs would be a good idea.
Should see a large rise in sp next week after results and presentation
MMS dropped it on fear
Hi yes. I have done a bit more research.
Need to see 45k scripts for 1st qtr 24 to get this back on track along with a reduction in monthly costs.
It will be tight.
Traxpern,
Do you believe everything in the garden is rosy with the company hiring?
In truth its trying to fill the vacancies after a whole squad of sales people quit there positions....... just dig a little deeper, its never as it first seems.
Https://www.linkedin.com/company/shield-therapeutics?originalSubdomain=uk
Team continues to grow
I don't think feelings will move the stock much, Monday should be interesting.
Enough said, wait until Tuesday and we will see. G/L all
HarChris,
exactly my feelings and it has happened far to often on this stock over the past 18 months..
Sad but true
No leaks here.
Well historically speaking drops like this at STX are because information has leaked and those in the know don't like it.