London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
If I am wrong that would be most welcome.
Oh as you like things spelt out, that was me telling you that you are wrong...
In that case I ask you can you legally say you have entered into a MoU if only one party has signed.. Maybe you have caught them out, sell up and use the monies to take them to court
At no point does Bill state “We have entered”, like Allan does. So I read is though it’s an exciting opportunity and it’s on the table. Nothing more.
Tell me I’m wrong..
Allan Syms, Executive Chairman of Cizzle Biotechnology, said:
"We are delighted to have entered into this Memorandum of Understanding to create an independently financed and locally managed company that can build a business to serve the North American market. Apart from securing important guaranteed minimum and ongoing licensing revenue and free equity participation for the Company, there will be a significant reduction on planned costs associated with clinical trials and product accreditation. This represents a substantial opportunity to expand the Company's presence in North America through securing non-dilutive major investment and in building a high value dedicated US based leadership team to establish operations and drive adoption in this important market."
Bill Behnke, CEO of BIO, commented:
"Lung cancer is the leading cause of cancer deaths in the USA because of the unmet need for a simple blood test to aid physicians in the early detection of cancer. Through a strong appreciation of the potential value of the CIZ1B biomarker in improving patient survival rates we are very excited by the opportunity to secure an exclusive license from Cizzle for the North American market. Our investor group sees this as an important opportunity to make a major difference to lung cancer survival rates and we have already made progress in developing further relationships with major cancer hospitals as we seek endorsement from clinicians and key opinion leaders."
The MoU is on the table. Ciz have signed. No confirmation Bio have signed yet - Until they say Bio have signed. Only way to know if they have is if it is RNS’d as such or indeed Ciz confirm $100k received. Neither of which has occured yet imo.
Yes - While ever the MoU is on the table it is an “Opportunity to secure X”. But if it remains on the table but unsigned by Bio / then that’s all it is. “An Opportunity”. At no point does the RNS confirm that Bio signed it. It confirms we signed it. Correct me if I’m wrong / but the MoU remains on the table until Ciz remove it and so remains the Opportunity for Bio to sign.
Only a schizophrenic would sign an MoU with themselves.
You cut the important bit out.. "opportunity to secure an exclusive license" remind me what the MoU grants BIO.. oh 120days of exclusivity in negotiating hence thr rns title is Stragtetic License and Partnership MoU............. .............
The Question is Are we currently in a Fixed 120 day Negotiation period ?
The only way to Clarify if we are is to gain confirmation that the $100k has been received as this is the kicker to Activate the 120 days Exclusivity Negotiation Petiod.
In the RNS its states we have signed the MoU.
At no point in RNS does it state BIO signed the MoU.
It reads to me that there is a MoU. We have entered into it. There is NO CONFIRMATION that Bio have entered into it thus Activating that 30 day period to pay the $100k.
Read Bill Benkhe’s comments. He says they are happy for the “Opportunity”. He doesn’t confirm they have signed yet like we did.
It’s a logical Question. Have Bio entered into this MoU and signed to activate the initial 30 days and paid the $100k or not ?
I can't believe it's even a question fast! Lmao what are you on... why would the CEO of BIO make this comment:
"We are very excited by the opportunity to secure an exclusive license from Cizzle for the North American market."
What do you want from the company.. BIO signed the MOU using a black Mont Blanc fountain pen. It was a sunny day with the temperature around 15 degrees...
And there is no doubt there is a MOU Jace. Because we have signed it. The Issue is have Bio signed it ? as then and only then is when the 30 days non refundable window opens for us to receive the $100k.
For all we know we are still waiting for that window to open / ie : The initial 30 days…
This is not good.
That’s exactly the issue here Jace. We shouldn’t have to ”Think” / to Question if Negotiations are now Active. It doesn’t say Bio have signed the MOU. It says we have. The 30 days to receive the $100k only start when Bio also signed. So let’s have confirmation where we are at shall we ?
I am hoping that it’s just poor comms and that Bio signed same time as us but that’s not what the RNS says does it ??
You’d think if we had received the $100k that Allan would at least put something on LinkedIn ??
I don't think it needs to. You can't have an MOU unless there is something for multiple parties to agree on.
You’re right Bermondsey. So have Bio even signed the MOU ?????
Oh dear Oh dear….. Allan Strikes again. I agree with you now Bermondsey.
RNS clearly states he following..
“BIO is paying a non-refundable upfront fee of US$100,000 within 30 days of signing the MoU”.
Bermondsey. If we haven’t had $100k then Allan has to notify the Market. Or again it’s very poor and misleading comms.
Perhaps only cizzle have signed the mou. Nowhere in the rns does it say bio had signed when the rns was released.
“Cizzle will receive an up-front payment of US$100,000 within 30 days as a non-refundable fee to grant BIO an exclusive negotiating period of 120 days”.
WILL Receive.. So if we have not received then that would render 2nd April RNS untrue and thus a follow up RNS Notification would be required to remedy that one. So we must have the $100k as it stands.
All Shareholders welcome no matter the size.
At least we know that we have received the $100k because if we haven’t then AS is now telling Porkies by his lack of notification of receipt and according to the wording of RNS 2nd April.
Everyone must cut their cloth according to their means. One man's small punt may be too much for some to risk. We are all shareholders, regardless of percentage.
All these posts for a remaining holding of 200k?!? I bought almost that much for a small "top up" today - wow.
I hear you JB. I hear you.
Any opportunity I see it go above 2p I will sell into this time around as I don’t trust AS as far I can throw him.
I’m glad I sold 100k before it dropped below 2p. Just got 200k now which sadly is too much a stake for me.
Big cheesy.
I advise what I always advise on message boards.
Play the ball, not the player.
I'm invested here and I'm not very happy about what's happened. So I've sold 4/5 of holding.
I won't be trading or buying more until this MOU turns into a contract.
If you have any thing of substances say please say it, but please refrain from assumptions of people are.
Invariably people are wrong. These boards are just full of witch hunts.
Stick to the investment case.