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1) You are wrong because I am in no doubt that this Adrian person would help put some incentives for board members with decent targets by June.
2) He was backed by the private shareholder group and others so if he goes in and does a placing at such a crazy price then he has already failed and should be removed immediately as he has no experience in this field and if he goes against what existing shareholders want then it will be curtains for him. I see no reason why the cash burn should increase beyond what has been projected.
The BOD members have not been confirmed yet but I doubt they will be rewarded with very high salaries or that we see more people on the BOD than before.
The projection remains at the end of Q1 2025 and that without any revenue.
@PM2022
With respect you have constantly told us all to buy these shares and also ignored their cash burn situation and over exaggerated the length of their cash runway on more than two occasions costing those that follow you money. You are now doing it yet again because with four board additions they will be burning the cash even quicker at the moment i can tell you. Not to mention its the 9th April today and i though you were giving THX until end of march? or was that march 2025 or march 2035? How is that working out?
Meanwhile, for some reason you are obsessed with my diabolical decision to back 4D, company lied and the stock got delisted, for me it was a write off against capital gain in last tax year. For What its worth i had a similar write off against gains on the penny share Novacyt in the previous year to that, again that company director lied. Lesson here is that a) its often what companies don't say that's more important than what they do say and b) when you invest in penny shares some work out and some don't - its how it is. But not that its any of your business on balance i have a VERY strong portfolio and various business interests and penny shares are only a small section of it.
These days i don't ramp anything, AIM sector is ready to rebound but not just yet IMO. As a hedge i have also built massive exposure to PM, specifically GOLD which lucky for me has been doing well recently. That's not a flex, its just to say you need to always diversity.
As for Valirx, i give you this for free regarding your comment 2show me the money" : IF and its a big IF Adrian, gets his act together, removes the deadwood from the board, refocuses the business back on evaluations, cuts cash burn back to under £1.5m pa, gets a plan to make the labs break even or if not possible sells them on, i will materially back the July/August placing and in doing so become an advocate.
And, if you think i'm wrong about the placing, think again. It will happen because no new board in their right mind is going to want to drive this business forward from H2 without sufficient funds to do so. The question then is IF a return on investment is possible? We need that new board and direction changes to stand a chance IMO until then its more pain and cash burn short term as i see it.
Show us the money Porky. Show us the money.
SInce 4D went down I have not seen you ramp a single stock something you would do often in various stocks before 4D day and night. My guess is you simply have nothing left to invest. I find it hard to believe you do not find one stock that is worth posting positively about since 4D collapsed.
Your stock analysis is biased. They have done a great job bringing in top quality projects and having a lab to support it. 201 has been handled poorly but It can still complete soon and hopefully the company will get stronger and stronger after that completes. Not many AIM companies do so much and yet spend only 2 million a year, looking at 4D burning 55 million a year with zero revenue but that was investible to you who was posting his buys on Twitter.
If 201 happens then this should be a 20 bagger in the next 12-18 months when the market improves and hopefully with 1 good preclinical deal and given the quality of the new compounds that is likely.
I hate to have to admit it, but I agree with you 100% Porks....Id sack the lot of them. Put a strong, well respected, successful, manager on the helm, support and motivate the technical team....bring on A1 scientists under Suzys wing (Suzy salary adjusted to align with the net share price)....Bonus linked to SP.....end of
@HD
Don't be so ridiculous.
Do you seriously believe that the BOD has managed the business well and respected its shareholders? Because i don't. The lack of commercial acumen demonstrated by the board and the dire decisions made not to mention the diabolical handling of 201 has led to this shambles of an outcome.
Further they have been paid well, made the decision to award themselves nice bonuses and delivered you next to nothing in return, all at your expense. Spend, raise, spend, raise, consolidate cycles one after the other.
Rather than point the finger in the direction of the boards bad management you use this discussion forum, which i might add is to discuss investments from a SH perspective NOT a company perspective to attack the very people that could invest should this penny play ever become investable.
As at today it remains totally uninvestable IMO and the BOD are 100% culpable for that, nobody else.
Pork's
PS. For the record i have NEVER requested removal of any post. I advocate free speech and frankly you can post and say anything you like about myself i really count care less, it doesn't bother me but i will comment where i think your stock analysis is wrong.
Calling a 1p placing or no support at all and at 6p which was mainly due to a leak is the same as calling a 30p placing at 6p. Then moving from July to August to September to October to November to December.
What idiot would think that is an accurate prediction.
Yup, it's dead Jim..
Iceman. I respect your positivity, something this board has been missing for good reason, but it seems we are forgetting just how accurately Porks called this one.
This remains uninvestable for me. When you take into acount the consistent lack of any income generation, sentiment, finite cash runway and lack of comms from the board its highly likely one could lose 50% of their investment from this very spot before any sign of recovery. Lets be realistic.
Lol porky, better to bet on man city games than this, far more profitable :)
How come you didn't adopt that strategy over at 4D?
@Iceman888
Only problem with your £15k gamble buying in at 3.5p is you need mugs to come in now at 3.7 and above for you to sell into to have any chance of a return due to the 5.7% spread.
Closer you leave it open through to the placing and you can guarantee stock will be sold into again to support more cash hence you are more likely to lose your bet imo.
Appreciate you like a bet but seriously, if Adrian can clear out the dead wood, get cash burn under control you could support the placing and if the SP starts to recover buy in then. Better to buy stocks going up than try and catch a falling knife.
Hi Porky,
For few seconds I thought you might be on Easter holiday. lol!!
We have our own lab. Im sure they will be pushing to produce some meaningful results. Val 301/Kings?
It will not take much for this to move above 10p. As far as placing goes we have decent time. Im not worried about placing yet.
We have Adrian on the board. I exchanged several messages with Adrian few months back. He will do good if he stays focused. This guy is very persistent.
Im a buyer here. I will keep buying under 6p. Then I will think about adding on the news above 6p.
ISA top up's anyone?
Target 15p!
DYOR/GL
I agree with you Porky that the company has made a right pigs ear of it all. I invested because of CLX and I’m still confident that will be the company maker even with all the crap going on.
In the interim share price may fall but 1p really? Surely even you don’t believe this Porky.
Kudos for calling it right so far but I find it hard to believe that someone spends years on a chat forum but is not invested and thinks the company is now a broken record 😂
LMOL @Iceman888
So you chuck £15k in to try another pump attempt with "why wait to buy" messages, and oh gawd no doubt more "i'm buying more messages" - even some of my ramps were not that bloody obvious.
God loves a trier that's for sure...
Still best to have a go now if you can sucker a few in before the penny placing. Good luck to you
When will you have to send in a TR1? Or does dilution keep reducing your percentage holding?
PS - when do you expect the next placing. It seems odds on for this year; October seems about right if there is no cash injection from elsewhere.
Check out level 2!
Its ticking up without major buys.
Why wait to chase something when you can buy NOW cheaper!
I will add more as we move up.
Could we see 4p today?
Least we're blue
"What do you all think?"
There's nowt so queer as folk
Im hoping for a very positive week here!
Been quietly adding few. Got to be crazy to not buy at these levels. What do you all think?
We deserve some good news.
Good luck LTH!
15p will be lovely, Dr Suzy!
Borgie,
Looks like you got smashed on BRH and all the other stocks so trying to crossramp here does not work given your track record.
Pure desperation to ask an elderly person to invest in your junk. What a joke.
Hi Fred
Look in from time to time here after losing a lot.
Surprised you are still thrashing this dog.
You are an engineer so go look at DGI and cut your losses here.
Borgie
Cobaltblue - 'adam' (or whoever he is) is still registered on LSE as rhubarbmk2 but has only posted twice since last summer on a different share. His last VAL post was going on about lack of institutional investors, but that's not new to VAL....
Lets hope her leave becomes permanent
This header "" Our founder Phil Thomas is running the London Landmarks Half Marathon this Sunday for a Prostate Cancer charity. "" says it all. Val201, doing what? jack 💩. Still sitting on 💩 after all them years.
And, of course, many of you were taken in by her warm and friendly personal email responses!
Her stressed red face and body language always concerned me.
I wonder what Adam thinks of all this? He was once a very prolific poster under Rhubarb2 or something like that.