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Same mear I bought big chunk today as I feal its oversold and do believe this will be on the up soon.
I'll be very surprised if Destiny does the Phase 3 for XF 73 on its own. I don't think Destiny could raise the money required.
I think some of the people on here focus over much on the press release earlier this year that talked about another Phase 2 trials for NTCD - M3. Granted, the release did start a share price fall, but the company had to be honest and we should applaud that. Given the general carnage in AIM growth stocks, I'm not surprised that Destiny has fallen so much and the share price would still have fallen in recent weeks even if that press release had never been issued. As for a partner for XF 73 (nasal), these things time. Maybe there will never be a deal, but more likely there will be a deal in the end. I bought a few more this morning and I'll be patient whilst recognising this is a high-risk bet.
The quoted holdings for companies such as Hargreaves Lansdown are made up of the overall agregate amount of shares held by their clients, i.e. private investors within ISA and SIPP accounts etc. Therefore the reduction in the size of HLs holding merely demonstrates the selling by private investors that has clearly been going on here. This tends to be the case with most similar large broker companies.
I normally tend not to panic and sell when prices crash as long as the big corporate investors stand firm but I can't help fearing troubles afoot as it would appear, Hargreaves Lansdown has sold most if not all their shares in Destiny in the last couple of weeks. This is hardly encouraging for we laymen.
Kind thanks for explaining thats very nice of you . ATB alamo55
That was before that terrible rns. Everybody had high hopes the back end of last year then JW sold and all hell broke loose. CT released that rns which compounded the issue and it's been downhill ever since. Most people inc me expected a deal at the latest Jan '24 but because the rns stated that phase 2 trial might have to be done again people started to be scared and started to sell. CT has not done anything to address people's worries, that says to me the discussions with the companies with a view to a good deal is not forthcoming.
If in the eventuality Dest has to go it alone for the phase 3 trial then a large fund raise will be necessary, that is why the sp is where it is.
They say no news is good news but in this case it's the reverse. Most people's stop losses have been taken out inc mine at 32p which I have stated. If good news happens then I will be back, we all await the update next week to see where the land lies but I fear it will be more kicking the can down the road with promises of a future deal. The market will not like that and the sp could drop further to around 10p. My views which I have said before are that Dest could go private or go on the Nasdaq. To drop from 80p down to this level shows a lack of communication from the board to address people's concerns.
When CT was appointed with Sir Nigel coming back as well everyone thought it was a slam dunk but unfortunately it hasn't worked out as yet and my fear is it won't. GL all, alamo🤘😎
The other month the usual rampers were saying best in class holy grail etc .What has changed
The guy has lost the plot. Why would anyone agree to invest in the company at 40p when they can purchase on the open market for half the price.
This person is a complete fantasist at best. Schools are back tomorrow so I expect him to stop posting during school hours. Think it’s PE tomorrow then colouring in so hope he has a productive day. Perhaps he could post one of his colourings
You look back at Sajy’s past posts and he mentions about rumours circulating with other stocks, clearly trying to ramp the stock for his own agenda.
He also mentions countless times where he has been on a call with the company and received emails regarding sensitive information. Now I know senior management are showing complete incompetence in their running of Destiny but they aren’t stupid enough to put themselves at risk of a custodial sentence for a random guy on a chat board!
One is better off ignoring such posters, particularly when the stock is rising as they suck you in through FOMO.
It's so wrong for anyone to pretend they have received price sensitive info from the company and indeed illegal. Thankfully the majority of users on this board are savvy and can spot such lies a mile off.
GLAGLTH
Sajy is doing his utmost to ramp this stock as he bought in sub 50 but currently sitting on a loss, can read you a mile off.
Massive fantasist, nothing is going to be revealed soon as it’s all in your head. There’s a reason the price has plummeted and it doesn’t involve your made up fantasy
A buy-in at 50p? Equally optimistic!
Where on twitter? Send me a copy please…
Sajy I can’t believe you keep digging yourself a hole. You continue to act like you have a direct dial to the senior management and they are communicating inside information, you really need to grow up.
Did you even bother to read my post? It's not a fund raise, I am talking about the pharma partner investing in Dest as part of the licensing deal. Read my post below for more info.
A fund raise at 50p? Incredibly optimistic!
If they do that - happy days.
Let’s see.
I don't think it will be done at current price, don't forget discussions have been ongoing for a while now and share price was much higher. I think it could be around 40p, but would like it at 50p. At 50p that would be another 20 million shares issued to pharma and we would then be funded for several years.
Anyway all will be revealed soon.
The problem is that their appalling communication ( and i mean by that the very poor quality RNS’s that they have issued this year ) have totally undermined credibility and, therefore, the share price.
So let’s say you are right and this pharma takes a £10m equity stake. With a market cap of £18m that’s a dilutionary disaster for shareholders.
I really fear these guys are showing the sort of arrogance we have witnessed at Angle for anyone who has followed that disaster.
I don’t agree, I still have faith in the management. The problem is big pharma are playing hardball over the upfront payments. CT probably wants $15 to 20 million upfront and I reckon they are only being offered bout $5 million. CT knows xf73 will be massive and is not prepared to accept such a low offer and that is why it is taking so long. I think a compromise will be reached where we get about $5 million upfront and the pharma also invests $10 million in Dest, giving Dest $15 million. These are just my thoughts.
Sadly not.
I must admit i have called this wrong. I thought Rudd was still a serious person and would have a serious team. Seems i made a mistake.
The hopeless RNS’s earlier this year were a clear sign these guys were well out of their depth.
I have shared it with a few on twitter, if your on there get in touch.
Sajy - perhaps you could offer us a few headlines?