Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Hi PJ,
Yes it was you that gave us feedback. Many thanks and yes I believe it was a large amount. I just never saw the logic of Stella and everyone else lying and progress must have been significant.
We will soon find out.
pm.. i was the only sh at the agm.when the vote got pulled .
i had the one to one with kc and stella and regards theoremrx i suggested a fundraise of 165m from memory which they didn't obviously react to but they didn't laugh it off .. my question was if it was only a small.amount to roast then the sh could.club together to raise it ! .
now we know euda are singapore based and recently merger with 8i acquisition 2 corp which describes itself as a blank cheque company for the purpose of entering into.merger,**************, asset acquisition, share purchase ,recapilisation and reorganisation or similar business combo with one or more businesses or entities ..
now theoremrx gets in the mix ...
so where does that leave us ....
do we merge with the new entity being established with the euda / thrx
there's documents out there but nothing with theoremrx name.on it .
all.i know is if the euda merger goes through it'll be good for us !!
The RNS and presentation confirms they will.
What will get priced in is the size of the deal which includes potential milestones and royalties. Total deal worth few hundred million but some of that gets priced in at the moment so about 30 million odd at this stage imo.
To be clear though - we are only expecting to get a couple of million, right? (Unless the deal changes and TRx wants to buy 201 or our other IP outright)
If TRx can’t fund that in the near future it will be very disappointing!
Just like you were saying 201 will never get done.
Jwallows is right.
1) Information in the article makes it clear TRX has strong access to funding. Must be a significant amount. Not likely to just be a few million after 2.5 years raise.
2) A reliable source who attended AGM also said on here the delay was due to very significant amounts being raised.
3) Funding for a few compounds including 2 clinical drugs would have strong backers.
It just all adds up and makes sense.
Jwallows is leading some of you on a merry dance here.
Opportunity to top up.
Tree Shakes – if you hold shares in a company and the price starts to drift downwards, you need to check two things. Firstly check the date and make sure it is not ex-dividend day – your share price will drop by the same amount as the dividend, and this is fine.
Secondly, scour the news for reasons why the sp might be dropping. If you can’t find any good reason, then the chances are that you are witnessing a “tree shake”. When a market maker is trying to fill a large institutional buy order, sometimes they may not have enough shares. They start to gradually drop the share price in order to “scare” people into thinking the company has a problem.
Weak holders will sell up, and the market maker continues to drop the price until enough weak holders have relinquished their shares. The market maker then fulfils its large order and returns the share price to where it started. Be eagle-eyed for all news relating to companies you hold shares in, and you’ll be better able to spot tree shakes and not get caught out.
Porky who claims not to be invested here in any way, either via emotion, vendetta or loss making short has actually changed his sleeping patern. Yes, that's right, Porky has started sleeping in the day, just to post here during the witching hours. It's THAT important to him.
He's not invested.... 🙄🤣😂😆😂🤣
Team
Agree 100%
I don’t have a horse in this race as I’m 98% down here - been here too long and suffered from the old BOD so not expecting to recover. My own fault!
However I see desperation from porky and PM etc .
Two sides of a desperate coin wanting to be proved correct.
It’s binary for me and someone is going to be extremely embarrassed.
FWIW I’m 50/50…
pm2022, paitentinvestor and porky, could you 3 not just swap numbers and text each other all this ****** day in day out. geez.
If one remembers the AGM last year where one person attended and he said that the delay was down to TRX raising a very large sum of money. Not many believed it but all the indications are that it was correct.
This could also mean many things including TRX investing in Valirx and taking a stake. The large raise will attract attention in the US markets as well.
Valirx at 12 million will fly with 201 not even priced in.
Reposted:
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.
No @PatientInvestor (AKA Iceman)
You are a first rate ramper
The objective is to keep the SP over 10p so VAL can get the placing away at 3p or 4p and not enter death spiral financing.
You know that, i know that. What i don't like is you trying to sucker people in that will clearly be trapped at these levels.
But you don't care about that, when the placing prosed and EGM notice drops, this bubble bursts and those holding the baby that didn't get out in time will be locked in like you, dreaming of a recovery in 2024.
The more this ramping goes on the more i believe they actually wont be able to raise even as part of a merged entity. But i grant you you have done well to pump the SP to this level, even above the placing level which is bloody impressive in this market. Just proves you can fool some people some of the time.
My view stands, the desperate need to put out tweets, forum posts, anything in non official forms is simply designed to create ramp, hype, pump and noise to sucker in buyers at this high hype level so they can get Turner Pope to secure the discounted placing at a better price. I stand by 4p 20m to raise £800k however, I’m actually now doubting it will be as high as 4p because I think any serious investor will question if it will be wasted cash, would the THX money follow, can they raise it to pay VAL? If they still can’t VAL would need to raise even more cash on top Q2 2024.
Its no good you trying to drown out any message that isn't a ramp with more ramping tosh
But Thank you for your wonderful rosy description of how great this lifestyle and lab start up business is plus your comments aimed to discredit me and my analysis.
May I remind you that despite your amazing comments, this business has delivered zero revenue in the best part of 15years excepting a 3mth lab contract.
Further, it has had 15 raises and three 125:1 share consolidations, 5 raises under Suzy and placing 6 due any moment. It’s handling of 201 has been nothing short of a shambles, it’s cash burn has practically doubled again back to where they were pre crash whilst the BOD have enjoyed bonuses and salary increases (Suzy’s salary went from £80k to £160k over the last three years) despite that greed at share holders expense the BOD refuse to buy shares in the business and have next to no skin in the game, excuses for not buying include “Suzy has own family to think of” and Stella’s classic “Gerald Ratner” moment when she declared “Stock not stable enough to invest” it hadn’t the maturity yet. Free shares given to CENKOS, wasting money on a promotions company appointed, an FD that resided over both the first crash and the second emergency placing and still here, lack of progress on 301, lack of any meaningful progress frankly but above all the big elephant in the room is that the CASH RUNWAY RUNS OUT AT THE TURN OF THE YEAR and they have no alternative but to call on Shareholders yet again to dig deep to keep them solvent.
So before you berate me for not sharing your continued excitement just remember this, Adam needs to take note ;) A poor Director does NOT wake up one morning and suddenly become a good one. Ultimately, this board needs a clear out, reduction in cash burn to a more manageable level and directional change for this business to have any hope of future success IMO but good luck to you if you want to still vote to maintain the status quo.
Just awaiting the EGM and placing details now not long to wait
The well know "Investment Consortium" from it's "Top Secret" head quarters, raised a massive secret amount of $$$$ + held in a top secret account but only those in the secret club know about it. The club is so secret that even its members down know who the other members are....PEDUAM KAFER SOTH...
Alright you got me, the secret code at the end is an anagram of MADEUP FAKER TOSH but you got to try, we desperately need to maintain an SP over 10p to have any remote chance of VAL getting its placing away at 3p or 4p,just awaiting the EGM notice to be issued.
"everything points to....." "we have $$$$$$$ ready to deploy..." "oh thank you that's amazing,..." "Rodders we will be millionaires by Christmas....
What an utter, utter load of ramping tosh.... everything points to a major ramp and pump of the best kind to ramp the share price to enable VAL to try and get their placing away at a better price before they run out of cash at the turn of the year. Good luck with that but clearly you can fool some of the people some of the time as the share price has been pumped to this ridiculous high of nearly THREE times its market cap.
TRANSFER THE MONEY ...... Oh you can't...
Alright then point me to the prospectus, show me exactly what $$$$$ has been raised and led by who and when and where the cash is on deposit "ready to deploy"..... Oh you can't....
Alright then at least point me to something that shows how many shares were issued and at what price and valuation the deal was completed at ........ Oh wait you still can't....
Alright point me to ANY evidence ANYWHWERE that proves where you have funds on deposit ready to deploy
This is just BS of the worst kind, i am accepting that if this potless two bit outfit THX, that hasn't been able to raise a bean in over TWO years, has missed countless promised timelines, actually persuades EDUA to merge with it, its profile would improve BUT it would still as as the new combined entity have to go on issue a prospectus, new legal structure and try and raise in this market and this would take time, still has no guarantees but moreover WOULD TAKE MATERIALLY LONGER TIME THAN THE REMINING CASH RUNWAY VAL HAVE BEFORE THEY RUN OUT OF MONEY AT THE TURN OF THE YEAR.
Anyone mug enough buying now, will take one hell of a hit when VAL issue the proposed resolution notices for the discounted placing and the EGM date for a fact. I still stand by a 3p or 4p raise at BEST. We will find out very shortly as time running out hence the full on ramping to desperately maintain this hype bubble before it bursts.
Good luck with that....
Does Edgar get me close ?
Maybe TheoremRx investors are Indonesian
I have just read the post below by Wudacudashuda on ADVFN and thought he makes some valid points (tho' perhaps with a sprinkling of BS).
I have been investing for years, some shares have done well, some not. However, I have never come across any company with posters so desperate for the company to fail as this one. Posters who have no financial interest (unless shorting?) but are posting at all times of the night to try and put off potential investors.
Everything points to Val being the next multi-bagger and from a risk/reward perspective well worth a speculative buy. Granted, there is an element of risk - avoid the stock market if you want 'safe' investment. I am looking at excitement. this morning I logged on to find a bid for Gama had brought me a nice short-term bonus. A few of weeks ago Oxford Bio did the biz. Believe me, I have shares in a lot of companies and had more than my fair share of losers too. That's the AIM. Some you win, some you lose. BUT when you win, you can win BIG.
I see Valirx as such an opportunity. You can climb aboard the Val roller-coaster at a ridiculously low SP and strap in for the ride of your life or you put your dosh into a 'safe' savings account with minimal risk.
Putrid can press the red button at anytime. Live life as it's meant to be lived!
Well you have 20 minutes Ice before your bedtime (10:30) curlers in, and don’t forget to turn the eleventy twelve screens off 👍
OB
We’re ((telegram group) looking.
Anyone found the prospectus?
The last line is Indonesian and translates, “look and you will get rich”
Tonight’s homework is find that f ing prospectus folks x