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And awaiting the next takeoff :-)
On the radar … wait and see
We just had a pump and dump !
This stock is quite illiquid - only 275M in issue and more than 50% are now held by proper IIs and large holders such as Kight.
So the usual MM games tend to be amplified somewhat here.
Yes total volume about 500k - £35k worth so far this morning, and I know at least 25% of that are buys.
Filling a buy order.
Cannot understand the sell off!
A late reported after hours trade from yesterday, 961k at 8.04p. .....Gla....On and UP!!! ;-)
The speed that Orphan Drug designation has been granted, might suggest that Evgen has a US player with influence, as the application was only made 13th July and so the FDA response appears incredibly rapid compared to normal circumstances . Gla ;-)
Evgen Pharma’s SFX-01 granted orphan drug designation by FDA for malignant glioma treatment
The drug company said the OD designation is part of a wider strategy to access the US market
Evgen Pharma PLC - Evgen Pharma’s SFX-01 granted orphan drug designation by FDA for malignant glioma treatment
Evgen Pharma PLC (AIM:EVG, FRA:8EV) said its SFX-01 drug has been granted an orphan drug designation (OD) by the US Food and Drug Administration (FDA) for the treatment of malignant glioma.
The clinical stage drug development company submitted its application for OD designation on 13 July 2021.
Dr Huw Jones, CEO of Evgen, said: "We are delighted that our team and advisors have successfully gained Orphan Drug designation for SFX-01 in the USA in a very short period of time. This is part of a wider strategy to access the US market and positions us well for further investigations of our lead asset in this devastating brain cancer as we continue to optimize SFX-01 for clinical trials and eventually partnering.''
An example of a negatively biased blinkered view 27th August...Ho ho ho ho ho.... ;-)
Kingalf
Posted in: EVG
Posts: 266
Price: 6.40
No Opinion
RE: Trading strategy 27 Aug 2021 17:34
Ontarget - Surely your statement on confidence in your convinctions applies to the majority on here as soon as they've topped up, in a desperate sort of way they're trying to convince themselves and others that they haven't thrown good money after bad.
I am right again, we will see the low 5s in the next week or so, Kight is the only buyer keeping this up.
Lol kingalf, back to 8p plus yesterday must have upset you specially when you were bashing at 5p ....ha ha ha ha ....short term profit takers and traders dragged the sp back yesterday, but with Mr Kight and like minded people mopping UP, ( all with a greater appreciation of Evgen's prospects and potential then your negatively biased and blinkered view ) , suggests that the free float of shares is getting tighter and tighter and so continued UPward momentum is very likely, c£12m cash in the bank and a multiple disease pipeline where more news could drop at anytime....Gla Holders.....SFX-01's Orphan Drug Designation granted by the FDA greatly opens up the access to the US markets, investors and potential commercial partners.......it's BIG news for little old Evgen!!! ;-)
Ontarget - yes the upmove did come as a surprise, especially as the status has no endorsement of the drug itself. I would say that now the gap has been filled and the subsequent close below that level, only reinforces my view that we are heading back down. Its a dog of a share, management think so as well, hence none holding any substantial holdings. All you newbies who thought they were onto a winner here today, you'll be nursing a loss in a week or so, but don't worry, you'll be in good company as 90% of share holders are in the same boat. Only the bods with their hefty salaries are the true winners.
I do not think EVG is quite at the mega buy out stage yet but in a few years time it would be nice to be part of something like this so I am keeping most of my money invested, FT today:
US private equity firm Advent International and Singapore’s sovereign wealth fund GIC have teamed up for a SKr69bn ($8bn) bid for biotech company Swedish Orphan Biovitrum (Sobi) in what would be the largest-ever leveraged buyout in the Nordic country.
Good luck with your investment.
Possibly, although today's news isn't approval of a drug.
I am not invested here - neither do I have any intentions to short.
For newbies, might be good to see the subsequent share action of DNL after they obtained European approval for their drug a few months back. Might help to understand how the market perceives a drug approval as separate from commercialisation. Personally, I learnt a thing or two from what happened there. GL
I hope so, Like a wally I joined the feeding frenzy too late @ 8.5 and my money became part of the meal ! D'OH !! New to all this, Got a lot to learn lol.
Can see this growing rapidly over the next couple of weeks so have added to my holding.
As part of my trading pattern I took advantage of the good news and sold 20,000 shares in order to bank some profits. I figure there may be a little cooling off in the next few weeks but doubt EVG will go significantly down again maybe bump along for a while before more news pushes it up. Should it dip I would buy a few more based on this news. Good luck all.
Orphan drug status and holdings increase sounds some good news to me. Bought some and will continue on drops.
We should see more TR-1 ‘s tomorrow imo
As already said here , knight was not the only buyer :-)
Someone is confident ??
This is what he posted only last week "I am right again, we will see the low 5s in the next week or so, Kight is the only buyer keeping this up."
Any chance of a simple acknowledgement that you got it completely wrong Kingalf?
Joe Biden will probably shove this along.
LOL was wondering when EVG's chief troll would show up.