The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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"I stated that in my opinion Richard had the results on his desk" - No it is not!
An AIM company must issue notification without delay of any new developments which are not public knowledge which, if made public, would be likely to lead to a significant movement in the price of its AIM securities
ChrisTOffer,
I stated that in my opinion Richard had the results on his desk ... That is still my opinion
The fact that he has not yet released the data does not necessarily contradict my opinion does it ?
Nolupus, biotech savvy or not, your insistence that the COPD results were on Richards desk a couple of weeks back was in contradiction to the facts.
For someone who has spent a lot of time on this board telling people to stick to the facts, that was quite hypocritical.
Chrishar - having a thicker skin doesn't mean you have to let a load of snidey people make continued veiled insults.
Some of you seem to be under the illusion that you've got the right to sit here insulting everyone who's optimistic, or sitting patiently for the results, and that we should not respond to your constant bedwetting because they haven't met a timeline that they didn't even set.
PS - stating that something is definitely late by biotech standards, in the middle of a global pandemic, and that if you don't think they're late, you're ignorant of biotechs, is just remarkably silly (although that was Nolupus not you).
yes- still 3 weeks left of July
It always makes me chuckle when someone claims to have a thicker skin than most but is unable to let anything slide. Some people are just unable to spot their own deep insecurities. Rich you simply can't see that it's the tone of your responses that end up leading to a few throwaway negative posts blowing up into something much bigger.
Thanks again Chris, I agree. By being so vague with 'summer' it might be that he knew of reasons that the results could be delayed beyond the usual 3-4 week standard turnaround...
Weren’t we supposed to be getting the hospital trial results in July???
There was a lot of talk that we would receive COPD results end of June and I think that was a fair assumption based on 3-4 weeks standard turnaround. However it's always important to temper any speculation on these boards with what has actually been RNS'd.
Seb46 - If I "put people" down, it's almost always justified, and normally they've already dished it out directly or indirectly to lots of other posters as a whole. So I don't have any sympathy.
Having been on these boards for years I've got a thicker skin than most, have no desire to win any friends, and have seen countless people trying to manipulate the share price or just reacting angrily/emotionally because they don't understand what's going on.
So I don't care if I upset people, as basically everything I've been saying has played out, so I will continue to post my opinion for those who want to listen (with no guarantee I will get anything right in the future), and those who don't can remain in a state of blissful ignorance ;) (although it doesn't sound like bliss with all the whining....and alarm bells supposedly ringing around them)
I can very much assure you that most posters on here were looking at the week commencing the 22nd June for results and if not the week commencing 29th June. That most likely just means that those individuals were wrong but to pretend that there wasn't a mass of conversation on here around that timeframe is bull**** I'm afraid.
But you're right, RM never said anything other than summer.
This could be a long month waiting on news as RM did say in the end of June interview that it would be 'around this time next month' for results. If COPD drops before that then its a different story but if you don't wanna read about MM's and II's between now and news dropping then it may be best to switch off, cause that's all we can talk about.
I have personally found the story of these distressed II's interesting and it has allowed me to average down significantly whilst also building my holding. It will be interesting to see the SP movements if we receive a TR1 with Acacia clearing (before news).
This is another myth people try to perpetuate, that everyone here only has time for sky high predictions, as I think you'll find the last sky high prediction my exact words were:
"I'll eat my hat if it gets bought for £10bn. I'll even have to buy a hat ;)"
As for it all being crazy saying IIs were selling....well they were. That's a fact. You've had the RNSs about it. Just like I told you would happen after they'd been doing it for a while and wouldn't report through each percentage point (despite people disagreeing with me).
Frankly this board has more than its fair share of people wanting to talk of anything they can twist into a negative.....so are you surprised some of the other investors try to be positive, in a company they're invested in, and think has great potential very soon to be realised?
Back of the net Richard.
100%- no idea where people plucked "July" from for the COPD update. Always has been "summer"
I agree i'm not at all concerned that COPD is 'late'. RM NEVER said July he said SUMMER. He has purposely left that open so they can choose when best to include the data and i'm pretty's are they will want it to back up the Covid hospital data.
ChrisToffer. Thats what I have been saying for a month now. I agree with you that they only got permission to unblind the interim results based on backing up the Covid data. Until they get full COPD results they cant really use this data properly. Maybe the COPD data got sent to the data analysts (assuming its an independent not SNG that measure the data) along with the Covid data and they will put it all together.
Thanks other Chris. I'd like to point out that I'm still holding strong here and have no plans to sell out before results. I'm only against some of the more belligerent posters having no time for what I consider legitimate concerns and frustrations although some posters are more capricious than others (I remember oilornothing aiming for £27 a share not too long ago and now says the game might be up!).
I do think blaming IIs and MMs though week after week gets just a bit boring and tiring...
I should add, they are still both assumptions. The only factual timeline we know on the COPD readout is "summer". That means they could drop anytime or even after COVID results. Anything else is supposition but they are definitely not late so it's not something that raises concern in my eyes.
Seb46 - I don't constantly **** people off. I might constantly disagree with people but that's totally different. Especially when they clearly don't understand things very well. I've got good reason to disagree with lots of people if lots of them are wrong (as many people frequently are).
To use Chrishar's phrase. I'm quite suspicious of lots of people and their negative interpretation of everything. They won't entertain any talk of high prices and the exciting potential but instead focus on every negative as if it's world ending. He's a good example....saying everyone should be worried about "late" COPD results. They're not late. They said the summer. Talking about alarm bells is just pathetic.
Chrishar, the CPOD results are not late. RM stated they would be released over the summer. There was an assumption made here that it would take the industry standard 3-4 weeks to unblind them from when they told us they had permission to do so, at the end of May.
The assumption that they will be released alongside (and to support) COVID hospital results actually has more basis because they got permission, "on the grounds that data from the 109 COPD patients with confirmed viral infection generates useful safety, biomarker and potentially efficacy data to support ongoing trials of SNG001 in COVID-19 patients."
I have to admit I'm a bit suspicious of a few posters on here now. The lack of discussion around the late COPD results and the immediate willingness to bat it away as nothing and to assume they will be released alongside the covid hospital results raises alarm bells.
Questioning the lack of results is not conspiratorial, it is a legitimate concern.
The game is up soon gents. From my reckoning they have been looking at the results for 2 weeks on wednesday. 2-3 weeks for the results to be be analysed and because of the urgency here it should be on the shorter side of that. They game could be up by next week.
I have to say I side with Seb here. We have mindless ramping and positive predictions on here that go unchallenged and then negativity is swiftly shut down. Both should either be challenged or left alone, there is significant nonsense posted from both sides.
There's always another share, but once the world can effectively treat Covid-19 the need for testing will become virtually obsolete. SNG001 could well become part of the solution, if it does then the rewards could be endless and if it doesn't then the shareprice will half, I'm prepared to take that risk and looking forward to seeing the results.
The truth is that there are hundreds of shares out there that have the potential to return 50, 60, even 100% for investors over the next 12 months with much less risk than this. So unless you've really done your research and are heavily married to this (which acacia most likely won't have) you aren't going to wait for results...