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*Worded not wired
I bought a long time ago for the deal. Not trading it or worrying about short terms prices - so doesn’t bother me, it will come. He has said he doesn’t want to raise at these low prices so any cash will be higher. Not sure why it’s still 40% down to be honest completely overdone - it will move back up in the days and weeks ahead. The RNS could have been wired better I admit.
The problem here is they were wanting to raise, that implies they need money
Until that money is raised there will be an overhang now on the shares
Partners don't usually pay your legal costs to get deals over the line! There s also opex on a daily basis - deals could be a month, 2 months 3 months who knows but they still need to pay the bills! doesn't necessary mean any deal is cash either! could be any shape or form - could be contracted for additional research, marketing anything - we have no idea.
So Bel is stating it’s not him, if this is the case then apologies to him.
Who is it then? Someone clearly has a lot of shares and wants out
Silverlight, what are you going on about. If they were about to sign a deal and get paid by the jv partner for the work done, why would they go out looking for money? If they need money (placing) then the signing a deal with a partner can't be that close can it?
Just sick to the back teeth of those who only turn up on boards where the SP has dropped and they smell blood - here for a day then never to be seen again. The CEO is happy to talk to those who want to ring him rather than speculating.
I can understand what you are saying. But there are other ways to raise money, eg types of business deals, which might or might not be about to be signed. We just don’t know, and can’t read too much into the RNS, even though we would like to, depending on stance!
Simplistic nonsense - can't be signing a deal soon as wouldn’t need cash? Hmm you do know these things cost money lawyers, contracts etc etc .. you think it’s free. Tool …
Sausage jockey more like. Crawl back under your rock
Probably a Winnifrith special.
He considers things like this a victory when in reality it's insider trading and destroying small caps
FCA will never do anything, they are a complete waste of time, they should but won't
1) They have admitted they need to raise. No one sends their advisers off asking for funds just for fun, they do so because they need money. Last placing was Sept 2022 I believe at 14p, today it sits at 4.15p.
2) "in response to incorrect bulletin board comments regarding a speculative placing price and resulting unusual share price movements, the Board has decided to not proceed with any potential placing at this time." Utter tosh !!! if you need money, you need money right. You don't pause because of an anonymous bulletin board chatter. IMHO the reason they have temporarily paused the placing is that there would have been an avalanche of complaints across social media and into the FCA to investigate if they had announced a placing the day after the share price collapsed 40%. I'm sure ROQ doesn't want the FCA knocking at his door.
3) They still need money, so the placing is as they say postponed "at this time" which leaves it open for ROQ to lie low for a month until the market feels this has blown over and then go for the placing. Note, those people now under water ain't gonna forget the 40% drop in 2 hours, sp ain't going anywhere special before the placing. I wonder what price they will be able to get the placing away at now everyone knows the placing is postponed at this time?
4)"will update the market when a binding agreement is entered into." They just went looking for money, so they ain't just about to sign a deal are they???!!!!
So you’re not a holder - are you just creepy or bored? Go for a walk, write a novel - holders are ok looking after their own interests I’m sure. Thanks however.
But I was caught out in the exact same situation as this with APTA.
They told the market they needed funds, then placed at a 90% discount
I’m not saying this will happen here and I seriously hope not for holders
The CEO holds a lot of stock and doesn’t want to dilute himself or holders down here so go spout your sh it somewhere else.
Are you two a tag team? Ps spoken to bel this am and he hasn’t sold or intends to sell any stock. See his post on X. Also if you continue to post this stuff you could land yourself in a libel case so shut it and give mummy back her laptop. You’re not even a good deramper.
After admitting they’ve ran out of cash before getting the placing away is amateurish
I’d suggest all holders sell and re-buy after the placing
I hope not but some recent placings have been at an 80+% discount.
Looks at delayed prints.
Someone instantly on the bell selling 3x 200ks. That dodgy dude Bel is one of the largest holders here, he will want out imo or buy back after the placing
Fcuk off you scummy bottom feeder .. to low to place thats the point of the RNS!!!
The longer this goes on the lower the price will be, They just need to get it out the way as soon as possible
They could have probably got 4p yesterday, now it’s looking like 2p or lower in my opinion. They need
To sort it in the next 24 hours
They go from board to board doing this, same names every time .. scum ...yawn
I see the trailer trash are here trying to scare people into selling for a trade .. boring.
deal still live and the current market cap is tiny:
'As previously announced, Roquefort Therapeutics remains focused on completing an out-licensing agreement during the course of 2024 with potential Big Pharma partners and will update the market when a binding agreement is entered into'.
This is poised for a raise a lot lot lower, stay short.
The guy seems to be on a emotional roller coaster. This is what happens when you play big boy investor in illiquid plays like this. Any raise now will be nearer 1p than 5p. Disastrous two days here. They need to raise by looks of rns. Don't be fooled by 'main listing' - it belongs on AIM imo.
Seller (Bel?) will use the liquidity to try and get out