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Exactly Snakeeyes. All Old Baldy wants is a nice return on his investment so he can retire to a Greek island and live a comfortable, peaceful life. Porky is hellbent on trying to sabotage this, supposedly for no apparent reason. Yeah, and in the real world..
@PM2022
They are NOT funded, this is the issue, TGX only THINK they can raise as a merged entity. To date they have proven they can't raise a bean, missed EVERY timeline and still spinning the same old chap.
It will be PLACING first before/if anything else
The find has pushed the SP up moving up fast on small trades MMs must be spying on the telegram group like all the other lurkers.
Clocks ticking now Porks after the latest unearthed info.
Yeah phase 2 = 10/20 million. Correct. I understand they have two clinical drugs so perhaps need 20-40 million plus payments. Guessing around 100 million. Main thing trails are funded and they can pay Val.
@Defiant-One
I see your logic however, the financial statements issued by VAL are fairly clear, they have been open and honest about their cash runway position. They have pushed for headway shares and not ruled out a placing. They have no option but to raise, this is the reality.
I respect your right to post whatever you want and voice your opinion, but at least be honest about your motivations and give yourself some credibility.
Heart of gold you have Pork Chopper, an absolute diamond of a guy, just flying around the board with your cape on trying to help all us hapless investors and save us money, purely all just out of the goodness of your heart - Martin Lewis would be a more appropriate name I feel.
Do you really expect people to believe you post countless messages, some at 4am on a forum board for a company you have no stake in and that you absolutely no skin in the game and absolutely nothing to gain from this?
Come on mate, you're having a laugh right?
@Pj666
To fund a phase 2 trial you need circa £26m then go onto phase 3 and a 4 towards commercialisation. A very long journey of many years and I gave all the links the other day and its something like £78m required. This is why you often see one company listing and funding one product line.
Here THX claim they want to support a number of drugs so the raise figure you suggest is realistic.
IMO I see no improvement in the THX funding position. Don't get me wrong they may get the merge done but they then need to go on and raise funds under that new legal frame work. The two are very different things. The merger offers no guarantees.
This is my entire point: as a merged entity even with wind in the right direction you are talking many months, probably towards mid 2024 at best, if at all, certainly we'll beyond VALs current cash runway.
This is why the SP is being pumped to death, the SP needs to be above 10p fir any chance of a 3 or 4p placing- watch this space.
@Colboltblue
I wouldn't say its a scam as such, its just high level ramping at its best. But it doesn't really matter, the Placing and EGM notice RNS will drop and the SP immediately with it. The rampers will them shut up or dissappear whilst those sucked in will be waiting another year if Ever praying for money back. Its how the game is played but we all know that.
Some clever folk in that Telegram group.
@Porky
Yes I agree the Director lied so basically you didn't know what was going on behind the scene yes?
So how are you so confident you know about ValiRx there could be things going on behind the scene here good or bad none of us know so all your doing is speculating true? we are doing the same in the opposite direction from you.
Does this make sense be truthful.
Jwallows and your little bread crumbs. Well done that man! Get ready, it's coming.....................
I am sure TRX will raise around 100 million plus. More than one compound makes sense. You don't release statements to Nasdaq saying they have access to strong funding.
Why don't you go and post on other AIM stocks then. Fact is you lost it all on 4D and it is all personal posting 24/7 for the last 3 years repeating the same like about placing.
You know the deal will be completed and funds will be given. Otherwise it would have been done some time ago.
No logic to your argument.
Well, 86m 250k question to be precise!
@defient-one
dont really want to go over old history on another aim play but the difference was that at 4d the director lied and confirmed by both rns and in various video recordings they had working capital cash from oxford capital which guaranteed a 12 mth working capital runway. in reality when it crashed it turned out they were in breach of covenants shareholders were oblivious to and oxfird capital pulled the finance taking the business down with them. ultimately the assets were sold in a fire sale under a pre pack arrangement and sh got nothing. some ***** action going on but it will likely result in nothing.
at val they only have casb runway to turn of the year then its lights out. hence the ramping to jack the sp up to get a 3p or 4p placing away.
i'm not deramping or short or any other crap the ramping crew come up with. i'm telling it how it is as one investor to another in the aim shark infested waters we deal in.
what a company doesn't say is often more important that what they do say. if thx were sitting on millions ready to deploy, the transfer would have been completed three weeks ago when this ramp high started at 5p
The elusive prospectus....Now that is the 86million dollar question.......
Bit like wheres patients betting monies he owes for his 20p predicton the other week. Avoids like a politician, pumps like a scammer. Monies PM!
The question keeps coming up and some people have asked where it is but keep getting politian type responses.
Sometimes I think this is just one huge pumping scam.
Speaking as someone who has put their money where their mouth is, I feel like everything is coming together.
We are all very aware of the risk vs reward. Most of us have been here over a decade. Just watched some of the Q&A again, I'm happier now that I have been for a long time.
GLA .. hopefully not long to wait
? Porky
When you invested in $D wasn't that on rumours you had no concrete evidence and that's the same as all shares buying on rumours and possibilities is where you make money. We all know the Aims market is a big gamble unfortunately for you it didn't play out well and you lost it all. so stop going on about rumours because we all buy on rumours and research.
Jwallows has answered below:
Porky1981: There is no speculation. This is fact. If you look hard enough you will find the prospectus for the completed funding round. An eye watering $$$ fund raise. It’s standard practice to raise private capital for a private company merging with a listed company under these circumstances.
The investment consortium will release the capital to the new listed entity on completion of the merger. You’re telling folks EUDA are merging with a company that has nothing more than letters of intent… what would be the business case of merging if that were true. TheoremRX have collated an eye watering sum of private capital and portfolio of drugs. The EUDA synergy is more than a Nasdaq listing…. lihat dan anda akan mendapat kekayaan.
Then from RNS:
VAL201 remains subject to the Letter of Intent ("LoI") with TheoremRx Inc, and we maintain regular lines of communications with the TheoremRx team to monitor progress on their continuing efforts to secure financing, which will enable the VAL201 sub-license to complete. The sub-license contains provisions for upfront and early-stage milestone payment and will release the immediate payment for work already conducted under the previously announced service agreement as well as a commitment for future service provision.
Not to mention the presentation:
Https://www.valirx.com/news/valirx-qa-session-dr-suzanne-dilly-and-dr-kevin-cox
https://www.brrmedia.co.uk/broadcasts-embed/65142ddf01d979c8a2ec78b2/valirx-qa-session/?popup=true#
Watch the first 10 minutes and make up your min
Porky was telling everyone to buy at 50p before he sold and lost it all on 4D. Now full of jealousy.
Deal news to come soon. One thing is for sure with 201 not priced in we should rocket and multi bag.
Below apparently from Patrick of TRX.
THX merger will complete and release pre agreed funds well before end of Q4 2023. Ain’t no dreaming here 💰🚀📈
Long candle had to burn albeit slowly
Thank PJ66, great post to read.