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Data on the efficacy of XF-73 Dermal against MRSA was in fact released in July.
https://www.destinypharma.com/2023/07/31/publication-of-new-data-for-xf-73/
While the possibility of re-running p2 for M3 by Sebela was hardly "old news" AFAIK.
J Waits is a real p n d scammer be careful. Pumps as he dumps.
I think that we all believed in the story, otherwise why buy ?
The appointments of Rudd and Tovey were the catalysts that got me on board, complementing what appears to be compelling science in both M3 and the lead product, the XF- 73 platform. For a tiny bio pharma, with a market cap of under £30 million at the time, and two phase 3 ready products , it seemed worth the risk in these savage market times (possibly unprecedented) for small caps.
However, I did not blindly invest and like you I questioned to myself why a deal on XF-73 was taking so long.
This worry was reinforced when Chris Tovey attended the San Francisco Biotech showcase in January and he is due to go to the Bio Europe conference later this month. Perhaps I'm reading too much into it but hardly the actions of a CEO about to pen a deal with big pharma. And of course it's always a concern when there appears to be a constant seller of the shares, although admittedly rather than a large holder reducing, it could just be private investor's churn, particularly bearing in mind the volume restrictions often placed by the market makers in the stock.
All that said, the share price decline following the rns of 31st January, with good news for XF-73 dermal and a delay with M3. was brutal. The latter was old news, the likelihood already flagged up by the company, but this clearly took many by surprise and they took both flight and fright.
The concern I have about the rns is not the news contained within it but rather what wasn't disclosed. Namely XF-73 dermal produced positive data from the pre clinical safety study, in this respect it passed with flying colours.
But I ask myself, why no mention of the efficacy of the product against Staphylococcus aureas. Even though this wasn't the main focus of the study, I'd be surprised if they did not have available data on this.
I still want to believe the story but given the above, I currently sit on the sidelines, awaiting further news from the Company, upon which I will make a decision one way or the other.
Hopefully you see this as a learning rather than blindly shooting peoples opinions down that differ from yours. Sajyboy and you are very similar, the only difference is he has gone away licking his wounds and realised what a mistake this has been. I wanted out and was hoping to sell on an uplift on the day of news which didn’t occur, glad I sold on the day though. You still thinking this will be £2? I won’t ask how you get to this figure as I didn’t have meaningful response the last time I asked.
You was calling 25% uplift from 75p if I remember correctly….
It’s not about not agreeing I just CBA to entertain BS!
Brooko19 the problem you have is that you don’t like someone who has a different opinion to yourself. When a comment is made which doesn’t fit your narrative you call them a troll or as I can remember you called me a clown when I questioned the company and its history, that was when the price was at 75p. I remember at the same time you were calling this at £2 based on imminent news back in December, now who’s looking the clown. I asked you what you based this £2 valuation on and didn’t receive a particularly constructive response. Even though when you posted this £2 target you received numerous likes. I rest my case.
Bought in today for a lower then first planed *31p another new share , and it is in the lent few weeks.
Chris Tovey was on the board with GWP.
Turned out one of my better share gambles but was once down about 50% if memory is serving me correctly.
Leaving AIM for Nasdaq a great move for holders .
Modest trades are moving this up and down, I suspect today’s dip below 30 might be a bottoming tail and we might even finish in positive territory. There are buyers at this level. I can’t say if the seller has finished but this will rise quickly after we have net buying, then fomo will return.
Exactly the same happens to other AIM shares currently, MM’s are running it down and up. For example Ensilica (ENSI), this was sold off from 75p levels to just below 30p in a matter of weeks and then just as quickly it bounced back to 70p, no news caused the drop, just the MM selling down a largish position.
Oh that’s good nice to see you’ve come out of hiding I’m sure the hemo bb will appreciate your ramping after their fundraise…
Ps I genuinely hope you make your money back but try do it gracefully no need to come here posting BS just cuz your annoyed at what’s happened their
.....posted there at 10.24 this morning Brooko....obviously you're not awake yet 😂
Come on BOD get your collective derrières into gear and communicate why the continuing drop.
This has become unpleasant.
You are absolutely bitter that’s why since HEMO placing you’ve been no where to be seen on that bb and instead been here posting about a stock you no longer own
I'm actually not bitter but unlike you there is a time when you have to get unattached to a share no matter how good the prospects. When CT entered the equation things were looking up regarding a deal based on his experience. The sp has dropped considerably since then which in my view means they need money. Yes a deal may or may not happen, but as I have said a short while ago I think the time span has been elongated considerably with no enlightening from Nigel or Chris which has concerned a lot of investors and induced them to sell. Good luck with your holding.
Not really I couldn’t foresee someone selling and lots of stops getting taken out, you on the other hand was posting loads then lost your nerve on the drop and sold bought sumat else that then halved now your posting here about a placing because your new stock has just screwed your over with one. I don’t like to see anyone lose money but please don’t come back here talking your bitterness because it’s embarrassing.
I rather think it's you who has embarrassed yourself Brooko with this comment back in December last year when the sp was 68p!!
"Couldn’t agree more, I believe it was obvious that a deal wouldn’t be till Jan/Feb so if people want to sell now they’ll be regretting it in the new year. Presenting a great opportunity for people to take advantage of the drop GLA"
Don’t embarrass yourself anymore than you have go and post on Hemo bb and just think even with this drop yesterday you’d still be 50% up if you’d have held your nerve here and not rainbow chased there
Alamo you sold here at 38p and bought Hemo at 4p and they did a raise yesterday at 2p today it’s sub 2p so I get your a wounded animal but don’t come here with your sour grapes
OOI I wonder if the recent drops caused a sale or sales by a major holder(s) consequent to a trigger or trigger points and if so who or what might be hoovering up.
My thinking may be a tad Machiavellian but something it seems might be happening here....
Still no word from the Board seemingly.
Had no idea who JW was ...a Justin Waite VOX markets , and part of the Winnifrith type associates .
Chris Tovey was with GWP
Large seller still dumping stock triggering stops.
Very bad to see such massive drops without any kind of explanation or assurance. And if communications are being ignored what's going on inside Destiny. Does the broker still have an SP target of 279 give the current valuation I wonder?
Any explanation for the steep drop today bearing in mind the fall from 80 in recent weeks?
Surely we are not going it alone nor facing doubt s as to our efficacy? Or perhaps a tree shake.....
Time for a Board comment I think Mr Tovey?