Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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I first invested here in 2019/20 when the sp was just 13p & it was solely on the back of the science and nothing has changed , but regarding the above thread I’d just like to say that that is just your interpretation of what AS has said . My own view is that in the first part of that quote .. he’s saying he’s got clear irrefutable evidence that the platform works & he has ,so whilst I accept a lot more irrefutable evidence would add a lot more substance to the cause , it could be argued he thinks the existing evidence is more than sufficient to at least be able to speak to BP about doing a deal . He then follows that by saying the 2nd key element is having a sufficiently long cash runway ….which he actually states that we have now got …
So based on that I think he would be pretty much ready to do a deal with BP at any time provided it was the right deal & a deal that suited both parties & for all we know ….that could be on the cards as I type ,just as much as thinking it isn’t going to happen anytime soon .
He then goes on to explain why he’s not interested in doing smaller deals as it’s highly likely it would potentially cut across a number of key drivers which may in turn prevent BP from bidding & I get that big time why would they want anyone else involved when obtaining a slice of the paradigm shift in cancer therapy ..cos I know I wouldn’t …
What is pretty clear however, is that Avacta’s main objective is to seek a deep pocketed partner who in turn has made it plainly apparent they don’t want a sloppy seconds portion …no they want to be the big cheese & why wouldn’t they .. it’s a no brainer
Point being this of course is just my opinion & I could be totally wrong but so could the opposite view but thats why a range of views is important on a BB some u agree with some u don’t …but that’s why we all pay our money and we all take our chances just as it should be .
I’ve been here nearly 5years now & it’s been a long wait & I get totally all the frustrations of everyone on this board but after that last lot of data and with continuing signs of progress all the signs are signalling we are still on the right path but also having been in 4d which ended up being an absolute shxx show there is imho a case not to be totally blind sided in your own pov . Anyway GLA & exciting times await hopefully .
You lie and makes things up on a daily basis whichever login you are using on any given day 🙄
Key - "....you could carve out a portion of what a large pharmaceutical partner of the right calibre might be interested in."
Thanks BV,
So Ben, when I said "AS also confirmed there would be no license deals in the foreseeable future having apparently already rebuffed any lesser deals." as a precis of what BV has kindly posted, you still think I am lying and making things up?
Investor webinar https://www.turnerpope.com/investor-evenings/webinars/ response to question @29:30:
"We've got sufficient data now to partner the pre|CISION platform. ... Clinical data is absolutely key to deals and deal value. We've now got very clear, irrefutable clinical evidence that the platform selectively targets a warhead to the tumour tissues, etc, etc.
"A couple of things are critical to us in the commercial partnering process. One is continuing to build that body of [positive data, as just described]. The second is to be in a strong negotiating position with a long cash runway which we also now have. In terms of strategy, we want to retain as much as we can right now because we know how valuable the pre|CISION platform is, so doing small quick deals is not attractive nor sensible. So care needs to be taken right now to do the right deals, with the right partners obviously, otherwise we actually risk reducing the value of the commercial opportunities. For example, we don't want to do deals that cut across our own pipeline strategy ... and we don't want to do small deals, which are easy to do of course but you could carve out a portion of what a large pharmaceutical partner of the right calibre might be interested in."
So he's saying "Unless you're prepared to offer us a massive deal we're not interested."
I miss the old AS, who might have said something like "We're exploring all avenues but will be guided by obtaining the maximum longterm value from the platform." Ambiguous, but would have kept potential partners, traders and shorters on their toes.
Did he get funding OK Sheppy?
I always thought there's be a discounted raise.
Didn't you?
For a change I agree with Thorn.
BV, did he actually say that, or is that your embellishment?
Nowt worry about here. Shorters can frazzle very easily it’s on a knife edge !
I must admit that I’m not liking this new commercialisation phase so far! GLALTH’s
Thorn
Funding he said with a smile … don’t worry about that!
50p raise shortly after.
So honest and straightforward you are quite correct . Idiot
BV when you say Dr Smith has trashed the share price do you mean that he was honest and transparent in his statements regarding the company's near term prospect and doing his job of keeping his investors fully informed?
Do you prefer the sort of AIM company CEO in a shiny suit and pointy shoes who always paints a lovely picture (was it Deep Verge that PL invested in back in the Covid days?)
I'll stick with nice straightforward honest Dr Smith thanks very much.
60p offer is a good price if you bought in at 20p like most LTH's have.
Don't forget it is only those who came to the party late and bought at £1.50 plus that are moaning.
AS has effectively trashed the SP by declaring that there will be no deals at all for months and months and months. Not even a little one to keep the lights on beyond April next year, to get the ball rolling, to induce FOMO in BP. Is the long wait for THE BIG DEAL the true strategy or it an excuse because there hasn't been any serious interest yet for any licensing deal for any aspect of pre|CISION? Do we trust AS's word? The company needs professional, savvy leadership. Are we facing an offer of 60p at a 50% premium and cushy roles for Avacta management in the new organisation?