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I'm calling you out - it doesn't exist. Why would someone on this forum where information is readily shared spend hours finding a key bit of information then refuse to share it inviting others to spend time duplicating effort? It's all BS and you know it.
@ jockvest
If TheoremRX have raised funds, does the money belong to them or does it still belong to the investors? If the investors state that the funds are available only on the proviso that Theoremex attain Nasdaq listing, to allow future capital to be raised, then the merger would need to occur first.
If you think I'm as bad as Porky, then you might need to stop drinking at breakfast time.
It's in the public domain. Go look instead of accusing someone that has spent countless hours hunting themselves.
Ironmighty
You slate Porky for his unqualified statements but you are as bad. Show me evidence there is $60m sitting anywhere. And you state they haven't paid VAL because the release of funds is predicated on the merger, what nonsense, the LOI etc have been going on for near 3 years long before any merger entered the equation. No RNS no evidence of anything.
The reason for change in tack is that it has now finally dawned that TheoremRX are funded (and to the tune of $60m plus).
It has also clearly dawned that both TRx and EUDA benefit from the merger & the fact they haven't paid VAL is because the release of funds is predicated on the merger.
It's not guaranteed, but the probability of success here is far greater than it seemed only a few weeks ago.
The timings are not completely clear, so I'm sure the "4p placing" drum will keep getting thumped. I have previously stated that working cap is difficult to guage. I think (and hope) there is a good chance that initial payment (£2m approx, remember) will be provided before more is needed. But I also realise it's possible that a small amount of bridging capital may be required. Too many unknowns to calculate H2 cash burn exactly.
SHs are fully aware that in the event this does all fall through, then things will be different. We really don't need it spelling out every day.
I assume your posts are some kind of joke.
These statements are barely a week apart.
"As betting man I would say they might merge" VS "The merger is a scam to pump the SP"
"BUT what TheoremRX do is really non of our business" VS "TheoremRx haven't got a pot to pee in... Its a total shambles over there"
This absolutely highlights what a fraud you are, completely laughable. No point trying to conciliatory approach, stick to what you were already doing badly. You are a joke and nobody is going to ever think otherwise.
I was going on to say that , my view is different because I don’t share the same optimism that’s its all a done deal that can happen fast to avoid having to place first.
But we will know soon enough, as i posted before Suzy has to give 14 days notice of an EGM and knowing how dire the FD has been over the years regarding fiscal control, it wouldn't surprise me if it was left right up to the death literally just before they completely run out of cash. So she has 4 weeks maybe to call it???
@PatientInvestor
Look, we have totally contrasting views here, I am from a commercial world where I see things totally different to you. As I keep saying VAL is a business not a charity.
VALs job is to look after its own Shareholders Interests. On 201 for whatever reason, they choose TheoremRX to partner on the assumption the start up would get funded and then be able to execute its LOI. Over the years TheoremRX have failed to deliver on their promises and my argument was it was a poor choice of partner and I stand by that.
BUT what TheoremRX do is really non of our business. In the commercial world, if you offer to supply goods to another business and they decide to merge with someone else you only care about a) if you are going to get paid or not and b) if the supply order is maintained or if the new merged entity is likely to change the conditions of purchasing from you. Nothing else matters. TheoremRX on the other hand, their Job is to look after their own invested parties. This is not personal, its business.
Now, the current debate has centred around the notion that TheoremRX now deciding to explore a merger will be the silver bullet to Valirx finally being paid shortly and avoid VAL having to secure placement support to continue trading at the turn of the year. BUT the component parts being discussed are all mutually exclusive as I see it. The VAL placing can only come first because the time frame can’t possibly allow otherwise.
1. The merger of TheormRX with EDUA may or may not happen. Its probably got as good a chance as any. Personally, I think it’s a poor decision for EDUA to merge but that’s because I have a dim view of TheormRX due to them constantly failing to deliver. As a betting man I would say they might merge BUT it’s a process, once Heads of Terms agreed they have the due diligence to finalise and pass and my view is this will take a few months to complete.
2. The raising of funds post merger, under the new legal framework assuming 1 proceeds would involve a new term sheet, further Due diligence and a raise on the Nasdaq a new prospectus etc. This element alone will take months if it happens at all. This is why I don’t buy into this whole “funds sitting on deposit in an offshore account” it would be a raise as a new legal entity with no guarantee of success.
3. The final aspect which has not been discussed is the execution of the LOI should 1 and 2 above occur. As a new combined entity, they would be well within their rights to renegotiate terms. The landscape for Biotech funding has changed materially over the last few years. They would then be a different legal entity and could make the entire deal milestone based with no upfront payments, after all the costs for phase trials has materially gone up in that time. As I say this is business NOT personal.
So, you see, in all, my view is different because I don’t share the same optimism that’s its all a done deal that can happen fast to av
Its a bit meaningless rhd1, he's only been here 7 months. Who knows whether he already bet his handle on another share and reinvented himself?
What he should do is offer to underwrite any investement porky makes in the company, I'm sure porky would then go quiet. Apparently he knows where porky lives too so it should be easy.
Or even better, just stop making pointless posts, and plan the big holiday/expensive car/house he's so sure he's going to get by the end of the year.
Have they announced your holding patientinvestor? A determined person would be able to raise half a million no?
Sounds like your bowing out PI.
Made enough money already.
That is a standard statement. As it is a LOI nothing can be guaranteed. The merger is very likely to go ahead as would have spent months doing DD and funding appears to be in place.
I don't agree 4p can happen unless 201 completely fails and even then I don't think people would sell below a certain price. I think 9p would be oversubscribed vs a chance of a gap up to 25p/30p or more
If 8p = 1.25 million = 12 months WCP if you also include revenue projections without deal = 116 approx million shares.
If 201 happens after the SP should still hit 30/40p. However, SP may increase significantly with any rumour at this point, news breaking out, suspension pending news OR GAP UP.
Risk to reward is proven to be invested. In my honest opinion.
Patientinvestor8,
Conversely, if Porky is right and there is a placing, and they don't get the money will you leave the BB as you have asked him to?
A lot is being said about the merger but the elephant in the room I suspect for lots of us, is this part of the LOI
'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. There can be no assurance that the merger will be completed or that the proposed terms set forth in the letter of intent will remain unchanged.'
As an earlier poster said, it would restore confidence to LTH if any known facts were posted instead of hints and speculation.
I see this name more then I see my other half now Jesus .
He has definitely got full time job on this board .
No brains left up there. God help you what can I say .
CYPP- Feels like a 5 year old deramping.
73% of deals are at the preclinical stage. CLX= Preclinical.
Hopefully that makes sense.
Cypp. For some reason your post reminds me of when they hurriedly describe horses at the start of the grand national.
Although- from other bb- besides 201,301,401, can't disregard clx001 yet early stage (not even ph1)
all on suzy and co how they hold nerves DYOR
Fiddle-faddle causing smoke and mirrors,
wake up call
Accusing the Telegram of orchestrating a ramp - lie
Accusing a poster of fabricating the TheoremRX website - lie
Accused me of being an insider - lie
Said there would def be a placing in July - lie
Ditto for every month since - many lies
Said 43p for ODX was "incredibly cheap" - lie
Said you didn't get a 3 week ban from LSE - lie
Said NUMEROUS times to OB you would stop posting - multiple lies.
Why has this prospectus been mentioned at all if no-one is going to link to it then? Who's spreading these rumours and why?
Sam - you want to pretend it is true but have no evidence to back up your assertion, it just helps persuade people to a way of thinking without offering facts. Do you have a hidden prospectus on this theme too...? A familiar pattern emerging here...
If the logic for non-display of the prospectus is to allow people to load up on VAL shares before the herd arrives, then it is also logical to support Porky's view of the situation.
I'd have thought it would bring them and their crew great satisfaction that with a few clicks of the mouse they could silence everyone who disagreed with them, and actually gain some credibility. A strange philosophy otherwise, but then if hurling abuse and not silencing critics is the bag you're all into, then it doesn't bode well for this board until the massive rise/placing EGM come about. (Delete as applicable on the massive rise/placing egm option)
Porky,
You said the merger was a RUSE. That’s quite a lie.
You said TheoremRx don’t have a pot to pee in, which is something without proof.
You said you had more than 40 years of investment experience, yet in a previous recent post stated you were 54. One (or probably both) was a lie.
These are just off the top of my head.
Just look Ratboy. Why would someone go to all the effort to find said prospectus, to satisfy such idiots as Porky, yourself and his band? Or, share with a select few as its in the public domain and buy more shares if they so wish before the rest of the herd arrives?