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'Thank you to everyone who came to watch Dr Suzy Dilly, as she took part in 'The anatomy of a great dealmaker'................
You couldn't make that up lol!
How come everyone has stopped posting about the 45 days ;-)
If another party were interested in ValiRx I don't think the BoD would have clung to Trx and made excuses for their inability to produce any money at all in 2 years.
As far as I remember, the mythical 'Black Cat Bio' are still trying to raise 5 million in total silence for a good few years. Correct me if I'm wrong...
Can see > 10p soon
'Alternatively they take a stake in the company at 15p or above for further cash.'
PM - is this a grudging acceptance that VAL seem to urgently need a cash injection? And, if they have £1m to invest in VAL shares why can they not pay the money due according to the LOI?
Well yes Val has plenty of promising compounds and more to come. If TRX doesn't impress then they will never get a sniff of anything. All about building relationships and if it works both ways then it gets done. TRX investors might be happy with the medium term to long term and Val may want more shorter term capital from the deal.
Alternatively they take a stake in the company at 15p or above for further cash.
PM
Do you actually think that VAL are in a position to push for anything?
If another party were interested in VAL201, it would be a different matter.
As long as we get it over the line but yes I think Val will push for different terms given SP has dropped and cash is lower than what it was 2 years ago so circumstances have changed due to the delays. If they say no then it could even be mutually beneficial to both parties so for example they can drop the $61million to $55 million for an extra 1.5 million upfront cash on top of what was agreed plus royalties. Works both ways and who knows.
You remind me of people who wrote into Points of View (Barry Took era)....
PM... do you really think the LOI gives VAL the authority to stop a merger between the other two entities?
WOW
Hurry up Suze. there will be nothing left at this rate.
It is just a LOI and agreement needs to be finalised for the merger. Plus terms can change as non binding so they have to agree before merger completes. What if the merger completes and Val or others say no......
PM
Why would VAL be involved in negotiations when the merger is nothing to do with VAL.
VAL aren't partners... VAL have a yellowing 2 year old and counting LOI with TRX... that's it...
some of the stuff posted in here...
Would prefer if TDK's posts stay. Good to have a full record of a poster.
"Strong buy" at 50p, 40p, 30p, 20p, 10p....
Accompanied by insults and abuse for other posters who disagree with his opinion.
Going on for a couple of years.
Wishes illnesses on random strangers.
Considers himself one of the good guys.
For the deadline
stage 1 with deadlines : DD to be concluded
If it fails markets get notified within the timeframe that has not happened. If it passes it goes to stage 2 which is likely to be to negotiate with all the partners (Val etc) and complete legal work.
Website taken down on 30th calendar day. So i guess they have been on stage 2/3 for the last few weeks.
I cannot see the merger failing. Timelines still remain that Val will get paid this year so guessing merger should complete this week.
A great risk to reward as actually it looks more likely the merger is going to complete not less. Our market cap probably just factors in the 401 deal which was worth zero a few weeks ago and nothing else.
Lots of options for cash given our superb medium/long term value on offer. My guess is that TRX takes a stake at a much higher price giving us cash for a few months for some extra shares.
We are also due a quarterly update so hopefully we should move back above 10p soon. Great risk vs reward imo.
Dummy sell on HL offered 7.90 on bid of 7.50
Think the MM's may be expecting news??
And mine.
What was it a £440000 loss….ouch life changing for you anyone would go bonkers losing that, bar a few of us of course.
Nothings priced in bar the lab if sold at that, no revenue or 401, never mind the biggies to come and realistic investors realise this hence 90% have and will hold until news rather than take advise from dddd man and his chums.
There has been strong buying on the drop, I think we may see a reversal now.
Many are looking for the bottom and as soon as they realise it has been
reached they will be in/topping up! GLA!
All my posts being deleted. Best of luck to all the good guys. Over & out
Sean
Yep keep to the facts not fiction.
Could come anytime any hour, as today bottom feeders are hoping for.
Interesting that our innocent exchange yesterday was immediately deleted Hoodie. Skullduggery afoot here methinks
I can understand peoples frustration but a little clarity is needed here.
The deadline of 30 + 15 days was to conduct due diligence, that time has passed without any notification for an extension to this, presumably due diligence has been completed.
Last year an announcement was made between Euda and 8i acquisition 2 corp to extend due diligence.
“8i Acquisition 2 Corp. and EUDA Health Limited Announce Extension of Due Diligence Review Period“
That hasn’t happened here, so I can only presume negotiations are on track and work is still ongoing.
From Eudas announcement re merger in the 5 October
“ The completion of the merger is subject to various conditions, including the negotiation of a definitive agreement, regulatory approvals, and the satisfaction of customary closing conditions.”
In defence of SAR, the business model is very clear and simple unlike VAL.