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RB you are so right mate they have a lot of clever people with a lot of knowledge. Has made me even more confident .😇
IMHO, merged entity will be subjected to $1 & $35m mcap rule as well,
If memory serves, val201 was peer-viewed live on this platform by Adam Hargreaves. 11+ indications & fantastic response rate of 54.5%. Clx001 was not peer-viewed, the professor invented the peptide with his assistant & published their study in a journal, Val had a look at it and said its good enough for us we`ll have it.
Hence the merger. Geez, some people.
That means TLSA is not a Nasdaq Global or Global Select Market company that wont require $1 rule. https://listingcenter.nasdaq.com/ViewPDF.aspx?Material_Search.aspx?mcd=LQ&cid=14&years=2016,2015,2014,2016,2015,2014,2013,2012,2011,2010,2009,2008,2007,2006,2005,2004,2003,2002&sub_cid=76&searchkeywords=&exactsearchddvalue=1&Print=N&materials=0&popularfl
but EUDA does. like rest of these listed here👇
https://listingcenter.nasdaq.com/noncompliantcompanylist.aspx
Ice, it was then. Now is a different ball kick around IMHO
There's ramping and ramping lol ..
SINGAPORE - A Singaporean who lied in a Telegram chat group to deceive others into buying shares in the securities that he held has been jailed for 19 months and fined $355,604. https://www.straitstimes.com/singapore/courts-crime/man-who-lied-in-chat-group-to-get-members-to-buy-shares-he-held-jailed-19-months-fined-over-355000
Euda is further down & sitting @ $0.69 right now.
0.1093
(13.67%)
After Hours.
IMHO, sharks forcing (least to say) EUDA to accept the terms of LOI, otherwise they get delisted. if its the case, not a good sign for TheoremRx Inc
PM
EUDA 'beleives'...
TRX has strong 'access' to funds... I have access to funds too - but the banks may say no...
I have seen the agreement in the public domain.
Also go based on the article stating that EUDA believes TRX has strong access to funds.
The purpose of the merger I believe is to provide a pathway for both companies later on after phase 2 trials are complete. They would have the funding for the trials but you are free to think what you want.
Dude, keep telling you that your posting on wrong chat room. have look what you have done. Sie haben den Euda um -43,31 % und den Eudaw um -30,56 % weiter gesenkt. Wenn Euda weitere 9 Tage lang unter 1 £ bleibt, verschwindet Ihre Notierung an der Nasdaq.
anda tenggelam euda -43.31% & eudaw -30.56% lebih rendah. jika euda kekal di bawah £1 9 hari lagi penyenaraian nasdaq anda akan hilang.
你使 euda -43.31% 和 eudaw -30.56% 进一步下降。如果 euda 的价格在 1 英镑以下再过 9 天,您的纳斯达克上市将消失
Nǐ shǐ euda -43.31% Hé eudaw -30.56% Jìnyībù xiàjiàng. Rúguǒ euda de jiàgé zài 1 yīngbàng yǐxià zàiguò 9 tiān, nín de nà sī dá kè shàngshì jiāng xiāoshī
This time try try posting nasdaq/TSX/SGX chat rooms
PM
I think we all know now TRX has raised funds so as soon as it is signed we are good.
Do we? have they? Will we be?
PM,
"Just to remind everyone to remember Stella knows about Mergers and Acquisitions"
Is that the same Stella that had a Ratner moment a while ago and said that VAL were then uninvestable and who has yet to invest?
Ditto that OB
Each day that passes brings us closer to news and a day in the life if VAL’s nothing to us LTH
Remember it’s US time that will announce the mergers been completed.
Morning iron
What a fantastic and well balanced post…
OB
Just to remind everyone to remember Stella knows about Mergers and Acquisitions and if in doubt they would not be going the route they have with the deal expected first. TRX and EUDA would have put everything in place for it to happen within the timeframe. This is why they have already announced an extension of if I remember correctly 14/15 days only if required which will still be fine.It would be foolish of them to ask for even more. I think it will be a quick process and it will be done within the original 30 days. Lots of work would have been done regarding the merger and funds have been raised.
Porky is here to create doubts. He has something personal against the company and is not afraid to constantly lie. I think we all know now TRX has raised funds so as soon as it is signed we are good.
News breaks then anything is possible with 201 not priced in a large gap up or suspension pending announcement and people will be caught out. I don't want to be out of this stock this weekend that is for sure.
Morning all
A lot has happened in the last few weeks. Many (including myself) thought the VAL201 deal was dead or at least comatose. The recent Q&A and merger news has caught the majority by surprise. It is a joy for most, a relief for some and clearly a major concern for a few. The middle ground appears to be optimistic, but exercising a degree of caution.
I feel TRx are fully financed - EUDA need that box ticked for the merger to make any sense for them. But there is no actual evidence either way, so it would be wise to question the motives of those who state otherwise.
The merger is mutually beneficial for both EUDA and TRx. Tome this makes it very likely to happen, but obviously it's not guaranteed. It's not too long to wait, though. I'm sure the tub-thumping by the few will only escalate in the interim!
It's great to see the improvement in SP. But uncertainty over the deal and the current cash position are holding this back.
Whether we like it or not, VAL's working capital will be getting smaller. Some (I'm sure you can name), predicted they would do a placing way back in July. Others (I'm sure you can name) state we have a runway well into 2024. NOBODY but the Board knows for sure exactly our position. We do know they need to call a GM to do so and they have been very quiet so far. We do know H2 spend is lower than H1 (due to Inaphaea) and there is now income (also due to Inaphaea), so the hope is nothing is required before year end.
If everything goes ahead, this will fully finance us for 2024 and could launch us into a spectacular year. We have the other legacy products, Barcelona compounds and best of all CLX001. Any new compounds come with a cost, I suspect these will conveniently start to arrive after the payment for VAL201.
There's a lot of noise in here. VAL has a history and the prospect of it suddenly doing well will always attract attackers. We happen to have one or two obsessives with an unhealthy preoccupation. For the time being, there is still enough uncertainty to feed the beasts, but the arguments are just a sign that things are happening. If you do prefer a more modern alternative, you can always come and join the 100+ others in the TG.
Have a great day.
IM.
@ratcliffewriter
201 needs a full phase 2 and peer review. Ideally 100 to 300 volunteers and would take from set up about 1 to 2 years to carry out before moving to a phase 3 if successful - the entire process obviously would need full funding. Its a shame that a full peer review and enlarged trail could not have been carried out all those years ago. Ironically, i estimate that VAL have spent over £35m in that time, things could have perhaps been done differently perhaps but, hindsight a wonderful thing. Anyhow, we are where we are.
@all
We can all have different opinions but at least there has been some discussion evaluation today and not just ramp, ramp, hype, hype whilst deleting any posts with contra views. My apologies to anyone i have offended.
Sooner Val move from the spend, raise, spend. raise, consolidate continuing cycle the better for all investors as i see it. Good luck.
@PM2022
PS. Your point about me NOT supporting the 10p raise. That's right. I consider this stock totally uninvestable whilst the same BOD remains in situ. Sorry. Also, Stella agrees its not stable enough yet to consider investing in.
We desperately need change. Reduction in cash burn, Change in focus and moreover a BOD with skin in the game and a real focus on delivering SH value NOT treating shareholders as a cash cow to fund their lifestyles, Suzy's salary and holiday lets business, the bonus payments on non delivery, etc etc. I am just not impressed. BUT that is only MY opinion and I'm entitled to it, you can disagree for sure.
My personal hope is that by the next AGM the changes will come, we will see. Meanwhile, it will be down to investor confidence IF they can secure SH support for the placing. For what its worth, i think they will if Turner Pope can package it at the right level to reflect the risks.
Good luck
@PM2022
Just to be clear my view remains that I do not believe that TherormRX will get funded.
I don’t believe one jot any of the hype and unproven whispers in this forum and via twitter. As per my post at 15.05 today Re: Merger Completion. There is only HYPE and PUMP here to inflate the SP to get the placing away and absolutely ZERO proven FACTS. IF they have funds ready to deploy, TRANSFER THE MONEY.
Since the excessive ramping and hype started three weeks ago from 5p the focus has all been on TherormRX and what they may or may not achieve.
In reality, this business has nothing to do with us, we are NOT invested in THX we are invested in VAL our concern is if Suzy giving 201 to THX was a good commercial decision for shareholders or not. I am saying it was not due to the constant failure to deliver on numerous timelines, the lost time to market and moreover that Shareholders cash has been used to fund VAL due to THX not paying anything over, not even initial promises on lab fees. Their track record stinks, frankly. That’s how I see it.
Now the debate has centred on this motion that “funds are ready to deploy” on them merging with EDUA, which is false, they might think they can raise but they have thought that for over 2 years and never delivered but, despite that fact these two aspects are mutually exclusive. Let me clarify: -
1. THX may or may not merge, maybe they will but there will be a process to do that once heads of terms are agreed. Est 6-12 mths to complete from that point IMO with DD.
2. THX as the new entity if 1 above happens, can then TRY to raise funds in that new legal framework BUT there is no guarantee of success. This will also be a process including DD. Est 6-12 mths on that one aspect alone with the wind in the right direction, in addition, IF at all.
So very simply, due to VALs cash runway position and the timelines, as I see it, this just doesn’t work. Suzy has no option but to request support for a placing from shareholders as VAL are out of funds at the turn of the year. Because the placing involves new resolutions being passed and they must give 14 days notice of an EGM realistically they need to sort this any moment.
This is why I am 100% convinced the ramping is a direct requirement to pump the Share Price, if it can remain above 10p hopefully VAL will get support to place at 3p or 4p after discount very shortly.
BUT consider this, if you are asked to support the discounted placing you have to ask yourself, will this cash they will likely claim will bridge the working capital until THX come up with the money (at best second quarter 2024 if at all) OR will THX still not deliver in 2024? and further if THX fail to deliver again, that’s cash you just wasted and you will need to support yet another placing before next years AGM. That’s the gamble, isn’t it? Do you have the same confidence in THX that VAL do. Frankly, I don’t.
But that’s the decision you will need to make very shortly IMO.
OB
Thanks for the invite.
Costs a lot of money to know what a ramper is.
Let everyone have their say.
Looks like an organised effort to me.
But his timeline layout for a placing being necessary seems very plausible even if the merger does actually secure any funding, and be honest about 201 - no update in 3 years, not even a peer-reviewed document (which was promised) on a trial of just 12 patients, only one of which showed any real change. Have you considered P9 might have a point?
@SteamyWee You're welcome to check my interactions with Laura2022 (aka Riddler) in my archive.
DMTR Jun 20 "CEO was finances and he confirmed 12mths+ FROM today !!"
DMTR Raises one month later and destroys the share price
PYC May 23 "This is equivalent to over 12mths funding too ,extends cash runway till 2025"
PYC Raises a few months later and destroys the share price
Both times took abuse off this clown posts removed etc. for saying there will be placing prior to it happening.
Here they are giving abuse to porky who says there will be a placing.
No I won't shutup.