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There is Merit in Techtonics theory re de listing potential / plan.
However / On the flip side / Miller and Lang significant shareholders for a long time and participated to maintain their Shareholding %.
Lifestyle Company ? They all on low Salary and I thought about this the other week re AS. We are lucky to have him imo. Low Salary / Has developed relationships and every time we have raised cash / Company does seem to raise minimal. Things cost money and our costs super low.
Smoke screen ? If it is then re Bill and Bio and Protogenix is one hell of a concoction.
Low SP does concern me greatly and AS lack of concern over this and given the fact that the Market paying no attention whatsoever to this MOU. And I mean None !!
Widglide,
I don't take exception to what you say, because, you've been stung - and so far, have been correct in some ways.
I invite you to state what you think is going on in the background and why it is a lifestyle company when salaries are minimal?
However I shall make a comment that I would like other people's views on - and this may tally with your hunch, Widglide.
There have been several companies delisting off AIM/LSE recently (biotechs) and stuffing shareholders.
They've then gone /going across to the States, where they are valued higher and fundraising is easier.
My niggling suspicion with this is that the Bill Behnke consortium and Ciz will go for private finance/ delist and make them all rather rich.
I'm not saying this will happen, but this is my suspicion to the negative, and with the secrecy of Ciz , it doesn't assuage my fears much.
One of the things I do agree with OAPk on (and Widglide) is that Ciz treat us PIs like pondlife. Useful fools maybe , in the bigger picture?
Of course they , they’ve been like this since day one. Even on their 1st ever live meeting they turned off the questions so that they didn’t have to answer them. There’s nothing to report as nothing will happen. It’s all one big smoke screen and eventually it will become clear. It’s a lifestyle company end. There’s something in the back happening for the BOD but not for us the share holders ., wonder what Neilin is going to say next inregards to time frames considering Octobers sp prediction and March/ aprils predictions haven’t exactly happened.
Well, that's what Allenby capital told me yesterday, FF.
That if the money doesn't drop the company should RNS that.
I do not like how this company operates with Comms. They are far too secretive and misleading with wording.
You only have to go back to the " engage in clinical trials " RNS
V poor towards shareholders
Joe is right. Unless AS Notifies the Market that Ciz have not received the $100k then AS is now telling Porkies according to the RNS 2.4.24. Also / I believe Neilin was trying to tell us that as such in so many words in that AS did not have to immediately notify market if received.
Like playing Tennis. Over to you now AS.
Clever. This is what this bb is all about. But I still maintain it is material news. Interesting.
“BIO is paying a non-refundable upfront fee of US$100,000 within 30 days of signing the MoU for a 120-day exclusivity period to complete the formal legally binding agreement.”
The lack of RNS should mean the 120-day exclusivity period has started unless AS is tellling porkies and misleading the market again.
@VincentVega - yes fair enough I have just reread the RNS. It seems that only if the $100k payment is recieved the 120 days of exclusivity starts. I had remembered it incorrectly and thought it was $100K within 30 days of signing the MOU.
Just think if we get a free carry into North American Market and the Test is a success ? Estimated Target population there is 400m ? World Poverty may Exclude up to half the World population / leaves some 4 billion people left. 50/100m people per year as Fastfood’s conservative estimate if screening Globally at 40 ?
@Daddylongleg
So far we have an agreement to negotiate a legally binding contract. To that end, it’s merely an agreement to talk. A financial payment demonstrates the intent of the other party to treat this seriously, and therefore they are paying for the benefit of exclusivity. This payment then, in my opinion becomes material and should be announced.
Others may have a different view, but as a shareholder, I want to know that I’m invested in something tangible.
Ps Fastfood. Totally agree with your posy about price sensitivity.
Jace, the company have got to get into the mindset of being more open with prompt RNS', but unfortunately, using this as an example, it seems they are going to continue in the same vein.
Daddylonglegs - they had to issue an RNS recently on share capital. They should have done this immediately after the placing shares hit the market.
Neil, don't worry ..
I don't fall out long term over anything really.. I like hearing different opinions.
And I like it that you've come back with a bit of fire in your belly! Good to see your long posts again.
RNS regarding cash - I really do think that long-term shareholders (I would class myself as being medium term now) deserve regular updates.
I think, if anything, this last 2 months debacle of communications has proven that news blackouts and questionable company statements lead to all sorts of speculation.
It's not good for informed investing.
Nobody’s falling out on here. Period. It doesn’t help the cause. Everybody is Valued.
Techtonic
Sorry, you posted while i was still typing!
I can't see how you disagree with me regarding the RNS'ing of the $100k .
I didn't make a statement either way, I just pointed out that we both had different opinion as to whether it was, or was nit material.
Anyway, lets not fall out, we all in this for the same reason.
Neil
Science, engineering, scalability, methodology, productivity..
However you want to term it I'm happy to do that. Same end, it has to work at scale .
C’mon Neilin. You would think that after a 40% drop in SP that the Company would confirm (Even by Directors Talk or LinkedIn ? or alike ) that the Company was in Active Negotiations re an Agreement with X. The $100k is the Trigger for that. So forget the $100k / Its the fact that that very $100k would automatically put us into a Price Sensitive period and therefore boost the SP.
It’s like a small Oil minnow getting the permit to Drill for Oil and all funding potentially in place.
Neil I value your input and hopefully have a pint with you in Covent Garden if we achieve success here.
PS
The science HAS been proven.
We have already conducted many clinical trials on the prototype test.
We are now scaling up to commercial quantities that need to be validated against those previous trials, to confirm the scalability when used in a high throughput platform.
Neil
Agree with Neil, it goes back to the ridiculous discussion on whether the shares had been issued or not .. It is a material event if something changes and it turns out CIZ did not recieve the money in the 30 day period.
See what you've been missing ,Jace!!
It's better than EastEnders this ;o)
Neil, see previous post regarding "insider".
As far as Ciz RNSing the $100K I totally disagree with you.
It goes to the heart of the problems experienced over the last 8 months.
Shareholders need to be kept up to date with changes so they can make informed decisions about their investment.
Techtonic,
Iv'e said before it's a shame that posts cant' be edited as it would be so much easier to respond to each line, so i'll try this
1. I have repeatedly told you i am not an insider, so please don't make untrue statements when you do not know it as fact.
2. I have explained (although there was no requirement to do so) my position regarding the question of the placing.
3. If you think my posting on here is compromised, then that is your opinion.
4. Who is to say that a deal with Biotechne is or is not happening? I don't know or certain either way. And to me, the cancellation o the E3 funding was obvious.
5. I have repeatedly told everyone on here that i post what i know/hear/am told/research, so that we are all in the same boat.
That is why i declined the request to join the telegram group. Because i wanted everyone to see what i post, not just a select few.
6. The issue over whether the receipt of the $100k is material or not, is not my decision. I have previously had a disagreement with the co. as to a financial issue that i discovered, which i thought was material, and required notification. The board's opinion was that it was not material "in context" so i can't advise whether it is or it isn't, as my views aren't the same as the bod.
7. We do not have a 2 tier message board - at least not as far as i am concerned. -
Anything that i find, that i think may be of use to anyone on here, i will post. Some may like, some may not, but it is there for ALL to see and make their own judgement.
For what it is worth, i THINK that too much is being made of the fact that the co. have not notified YET whether the money has been received, and questions as to if it will even happen. The RNS is quite clear. "BIO IS PAYING ....."
It does not say that the BOD will CONFIRM payment within 30 days.
Neil
Dvharrison.
I don't mean that Neil is an "insider" in the context I think you're suggesting or any derogatory way.
I mean that I think he was (as many high value investors are across the board) ) asked to take part in the fundraising.
From that point on anyone asks to take part in a fundraising has " inside "knowledge as they will know where the share price is going short term , and what wider effects that will have.
I'm guessing that Neil knows about the $100K , but that is purely an educated guess. (Apologies Neil if I'm wrong about that one)
Science Vs engineering ?
Semantics really. If it fails at commercial level it won't matter whether you term it science or engineering! (And remember we still don't know the science of the sensitivity specificity at scale)
Nope, it's just bolting together the bits that are already separately proven. That's engineering. The science bit is proving Ciz1b is the indicator. Making it faster and smaller are refinements.
What is the point of an 'insider' posting (or being interested in posting) on this bb. Bizarre!
Hi Neil..
Well, let's face it, you are an insider aren't you?
After being (I'm taking it ) offered to be part of the fundraising, your posts have been compromised.
That's just how it is.. you would have known that a bigger cash deal with biotechne wasn't happening, that the drawdown wasn't happening, other things.
So it's hard to separate your posts from knowledge you have, that we don't share.
BUT , as regarding this $100k, if it is not material then I don't see why you can't share?
But if you do know about it (and I'm guessing that you know the company has received it) then we have a very two tier message board.
And it's no longer one that shares information