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Cheers Neil for that 'non-confirmation confirmation' !
I would expect you to have been asked.. and I appreciate you 'answering' the question. You didn't have to, so thanks for the comments.
As I said in the early days I relied too much on other posters.
The problem with having very high value investors commenting as yourself is that it's chicken and egg. (They're certainly will be some at least subliminal confirmation bias even if you're not aware of it)
But by having such a large amount in, it is extremely difficult to assess news from a neutral position.
You're either so convinced by the company and tech that you plough huge amounts of money in to back it, or you've ploughed souch in, it's hard to reverse that mindset.
I've always found your posts extremely informative, but I do see your large investment as a stumbling block to clear vision.
I'll still look forward to reading your posts , as they're always interesting and well thought out, but it took a while to suss out that you know little more than anyone else, just with bigger pockets! ;o)
I always look forward to reading from Vincent, Brond and Green, Brondby even old Poundland Jace - also erstwhile OAPk..
However, there's been many an enlightening moment, like when Brond said Ciz had all the cards Vs US investors! Hmm
Still liking reading everyone, and enjoying the posts (but large amounts of salt are now applied to the meal)
The $100k may already be in the bank. Ciz do not have to advise immediately on receipt, just at some point that it has been received.
Investors are not holding for a day or two's interest. Probably spent more than that on a decent meal.
Not waiting on results before investing either. The MOU was for the upfront, non - refundable payment fee for the right to have an exclusivity period in which to complete the legal paperwork required to convert an understanding into a full, legally binding contract.
Techtonic, sorry if you thought i ignored you. I preferred not to confirm or deny your question, purely for the reason that i don't think it is right to reveal my position, as it may sway opinion one way or the other if i am contributing to this board.
I will say that you were previously aware that i held a substantial holding. It has NOT reduced.
I will say that i was in a position to fund, in it's entirety, one of previous placings, which the company was aware.
I will re-iterate NO ONE should base their investment on my comments/opinions/investment decisions. You need to be confident/comfortable with your own position, and what you have researched.
You are all too well aware of how your sentiment can change significantly on an event, comment, or perception of a situation at any particular time.
I was given a bit of stick a couple of weeks ago by a poster for suggesting that some of the placing monies that are not now required for the initial purposes, would now be directed towards furthering the development of our other cancer detection tests.
Then up pops news that we have SUCCESSFULLY COMPLETED an antibody development program with a French pharmaceutical CRO.
Remember, work is being carried out on breast cancer detection test, and is continuing on the development of a LFT.
We are NOT a one trick pony!
Neil
If they have 30 days to make the payment and can make money paying at the end of those 30 days, is that not something you would do??? Also does the 120 days start as soon as the payment is made? If so again makes sense to let those 30 days run down as a free option..
Well, I don't know about that.
Let's put some perspective on this.
$100K is approx £80K..
I would think that Neil has three times that amount in, and I nearly had that amount in too !
If they're bothered about interest on a few days on 80k, there's not much confidence is there?
If they're waiting for some test results before investing, maybe, but if it's to do with a few quid interest, I'm not impressed.
If Neil is watching, I did ask a question which was ignored a few days ago.
To Neil: As a high level investor, were you asked to be involved in the £600k fundraise?
If you were, obviously you knew it was coming during comments. Perfectly reasonable and within the rules not to be able to say anything.
I'm just interested whether you were asked to participate and whether you did?
Thanks
Agree with that Bermondsey. Sensible to hand over at last minute if it indeed completes.. We shall see.
We should get a confirmation receipt RNS of the 100K.. and I think some posters on here have confirmed that earlier.
Regarding the next RNS.
Who knows what that may be... I would hope for a few (good) surprises, but with Ciz who knows.
Let's hope they got the message about comms.
Would be nice, but I doubt we will get one specifically in relation to receipt of funds I would think the next RNS in relation to the MOU would be confirming whether we have or have not succesfully concluded the legals and the deal becomes binding (which gives CIZ US$2.3M dollars as a minimum) or if the deal did not conclude.
RNS confirming receipt of funds by the end of the week?
2 Apr 24 RNS: 'the Company will benefit from the free issue of shares in BIO. 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.'
Im not saying it wont come just that in all likehood it hasnt yet been deposited. I dont think its out of the ordinary for companies to prioritise holding onto cash - i certainly would hand over 100k at the last possible moment and would want to be confident the deal will progress given its non refundable
I would say cash not yet receieved. Note 24 (post balance sheet events) to accoubts states company 'will receive' 100k... given they were signed yesterday i would expect this statement to say cash has been received. Will digest the rest this evening
Reading matter for later
No surprises. Confirmation that the French connection is an addition to, not replacement for, previous assays.
https://*************************/status/1785237454934639087?t=y9knhi4kegircmd5vvxcdq&s=19
seems to work
Just had an alert from v O x. Appears the latest accounts are out. Strange its not available officially here yet....
http://www.rns-pdf.londonstockexchange.com/rns/5816M_1-2024-4-30.pdf
ATB LB
That was kinda my point.
Or is the test now fully developed, and just awaiting trials?
Wonder why they've chose now to release this info when we already knew it from the last RNS.
Caveat is that the phrase "Rapid" in Ciz World can mean anything, and could do with 100K coming through rapido.
Good coverage. Might wake a few people up with regards to the potential here.
Nice find LB. I like the bit at the end.
"Philippe Funfrock, CEO of ProteoGenix, said, "Our partnership exemplifies the significant progress that can be made when innovative technologies and shared goals come together in the fight against cancer."
As this blood test advances toward U.S. clinical trials and AIMS FOR RAPID COMMERCIALISATION, this collaboration sets a new industry standard in the fight against lung cancer.
Ps but what I love most is that someone can be called 'Funfrock' Phillipe Funfrock. Sounds like a happy guy : o)
Excellent find LB and thanks for sharing. ATVB
Article was from linkedin.
'As previously reported, we are delighted to share today's press release announcing that ProteoGenix has successfully developed and delivered a new monoclonal antibody for detecting the CIZ1B Biomarker, which is highly associated with early-stage lung cancer. ProteoGenix is a France-based antibody development and production contract research organisation, with an extensive track record in generating antibodies from development to production for therapeutic, diagnostic and research use. This will extend the product range and proprietary rights that Cizzle Biotechnology plc has for detecting this biomarker for use in clinical tests. '
https://www.linkedin.com/posts/cizzle-biotechnology-plc_proteogenix-and-cizzle-biotechnology-collaboration-activity-7190718776324022273-ZJHG?utm_source=share&utm_medium=member_desktop
ATB LB
Widglide - Do your parents know you've managed to sneak onto the Internet?
After re-reading the 2nd April RNS over the weekend I noticed that there is no specific mention on activity in developing the test between now and potentially, August.
The only mention of activity is in AS stating that the focus is now on finalising binding legal documentation.
Has development been placed in limbo whilst the agreement is finalised or am I missing something here?