Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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Yawn đ„±
I'm enjoying that this is being called the "Gooding Declaration"
https://shorturl.at/bhkqB
"Major licensee technical objections regarding viability of NXP002 as an inhaled therapy are now addressed..."
Hope so FX.
â⊠We expect the European grant to follow shortly, which will further support the Company's on-going partnering activities.â
If the US, Japan & EU are 'in the bag' then presumably, from a patent viewpoint, there is nothing to hold a partner back now?
You said they have all the data they need, just beefing it up.
So, no excuses now!
Certainly helps to have the patents granted.
NXP002 now has approvals in US, Japan and EU.
Does anyone think that any deal may hinge on patents being approved prior to transaction? If so this is a good sign.
On a positive note, the 'intention to grant' for the European Patent of NXP002 has now come through.
https://patentscope.wipo.int/search/en/detail.jsf?docId=EP328059213&_cid=P21-LS8UKP-85805-1
The thought behind it being a market maker holding the warrants is along the line of;
The warrants were issued as part of the fund raising last year. So the company raise an amount of cash up front, but donât get the cash for the warrants till theyâre exercised.
Typically this would be out of the companies control as to when it happens, but if they are held by a MM, there could be an agreement that they can be exercised at the companyâs request as and when they needed the money.
So Peel (or another MM) hold the warrants and are exempt from notification.
NFX tell them when they need the monies released.
The MM then forward sells into the market, raising the cash to give to the company.
The warrants are later exercised and the MM has the shares to hand again without having to declare a holding.
Whoever it is, the normal rules don't seem to apply
For me itâs more expecting to see an âexercise of warrantsâ rns.
I have a sneaky feeling PEEL are somehow involved.
As a market maker they donât have to declare a holding until itâs above 10%
No TR1's then. Is it now safe to assume our invisible 'institutional investor' has managed to exercise and dumped everything in one transaction, so they don't have to?
I sometimes wonder if this market is regulated at all.
Probably just let Go-Daddy know it's still in use
Always makes me smile when there is a tiny and insignificant website update undertaken, but hey its been a year in the making.
One page has had one minor change on the 1st Feb at 12.30pm.
Must have been a quiet lunchtime.
If it is the warrants being forward sold, I donât know how much time they would have before exercising the warrants. Thatâs part of the dark arts of the market.
Only Dan would have to notify on the same day.
Jo Holland isnât a director anymore so only has to declare as a major holder, which I think is after 2 days
Assuming itâs someone who actually ânotifiedâ in the first place, of course.
I agree FFX the lack of an RNS on warrant exercise over the last 2 days, makes me question whether Monday's trading was indeed warrant related. If it was Dan or Jo they would certainly have to notify & it would be extremely worrisome. Otherwise I believe any other major holder is below 3% (approx 22m shares). Monday's selling could have been more than one holder of course.
It makes me somewhat nervous when 30 odd million shares suddenly get dumped (especially after an unexplained rise in price). I know some are speculating that this is the 35m warrants being forward sold but it's also a very close volume to the total amount held by certain key people associated with this company.
If it is warrant related then how much grace do they normally get before they have to exercise them after selling and an RNS being released?
Lol, we can hope
Up to a penny without a whiff of a deal??
What planetđ are u fromđ
I hope we get news on the sells, I really thought we was moving back up to a penny
Yep only around another 10% and they are there.
31.5m clean sells now.
If it is the warrants thats no bad thing a jiving says, its cash to the bottom line of the company.
Thanks Jiving, looks like 26.5m clean sells. (as in round numbers of 1m or 2.5m)