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FYI, it was a year ago last Friday that Messrs Makinen,Agrawal and King were appointed to Form the VAL Advisory Board:
ValiRx PLC Formation of & Appointments to an Advisory Board
22/06/2017 7:00am("ValiRx" or the "Company")
FORMATION OF & APPOINTMENTS TO AN ADVISORY BOARD
Very Happy with my holding here, looks like 3p just been paid.
Chart looks very positive for a change, having said that there may be another little correction but a great opportunity to top up IMHO.
Good Luck Guys:-))
"I’m fed up hearing the term months ahead what does that mean this year next year or year after that"
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jonbhoy, yes it means exactly that and we know that from our experience in the biopharma sector. If your invested there is no need to read these forums regularly. VAL look really strong. If no deal then small dilution for working capital is all that is needed depending on cash burn that you can work out from the finances. VAL will not go through the expensive phase 3 on AIM funding so chill and don't get fed up.
I’m fed up hearing the term months ahead what does that mean this year next year or year after that
One of Richards "demands" was Align wanted the VAL BOD to buy £100k worth (approximately 3.6m shares at 2.75p last week).... to show some willing.
Let's assume that VAL are in real discussions which can only be good. in which case, all the staff at VAL would be prevented from buying shares as they would all be "inside"
If an RNS does get published stating any BOD has actually bought shares then we know no such discussions are taking place?
In this respect, "No news is good news" springs to mind here.
And what about all the 1 mil plus holders who contacted him, to offer support, what are they likely to get from this meeting or where they just a means to and end?
Seems there may be more people on the "inside" than the outside soon? Which could well mean more trading, now they know timescales?
The key points for me were, Capital Financing / Director Shareholding coming into ALIGNment in a positive way for shareholders and Commercialisation front unfolding in the "Months" ahead... Wont the closed period have to end first? and why didnt they buy in at 1 penny, or were we in a closed period then? So much grey and not enough clarity?
Still if more than six months (probably less) and we will be back to egm and cash raising, unless further RNS's are due clarifying the vagueness of this Align FULL update?
All this cloak n dagger stuff, when all the BoD need to do, is let the cat out of the bag, would benefit all, except JV/To Co? who no doubt will make gazillions from these compounds, so why worry about a Billion pound+ price tag?
Surely pocket change to most interested parties...
imho i remain cautious until something tangible is actually stated... :(
My first thoughts were this was a great publicity stunt .
However, on reflection, Richard Jennings' comprehensive and "threatening" letter to VAL appeared genuine and some time and thought went into this with what seemed reasonable "demands"
If Align (Richard) had any doubts about VAL, they (he) would now be asking us shareholders to "gang-up" on VAL to carry out their (his) "demands"??
I suspect that the VAL team did a great job in making Richard (Align) "inside" which means he cannot divulge anything.
I see this can only be good news IMHO.
wonder if the attorney was present ? or removed as was mentioned that Align wanted this ?
Val were clever there by making them insiders, so they can't say anything!
no need to re quote it... its all over twitter, whats your take on it please ?
STATEMENT TO VALIRX SHAREHOLDERS
June 24, 2018 | Posted by admin
Following a constructive meeting with Dr Satu Vainikka and other company members last Friday at Valirx in which the 2 primary elements of our open letter were re-iterated: namely management alignment with regards to their Valirx stock holdings and the corporate capital financing approach pursued by the company in recent years, I believe that going forward these will be addressed to all shareholders benefits.
That the company has potentially very valuable products with material market penetration opportunities has never been in question and post the meet we are more emboldened in our view of the unique asymmetric risk/reward opportunity presented at the current stock price. We look forward to hoped for progress on the commercialisation front unfolding in the months ahead.
R Jennings
But, Align only have around a 1300 followers, not that many by comparison...
They do a very fast survey of who would support them with the share holdings to threaten an egm ?
A week later, Val say yes to a meeting, despite, knowing that this is a small time Co, and as far as I am aware, taking there word that they have enough confirmed clout (inside a week) to carry out this threat!
Then, after ONE meeting, which if the BoD are as arrogant as I believe they are, have acheived all they desired and they now post/tweet, saying yes we are now happy, from being unhappy and will post a full report on Monday?
Knowing they cannot state anything that is not already know, without a prior RNS confirming it?
Is it just me, or is this just a little too stage managed, fast and slick, to be either so quick and efficient?
Maybe Tarquin has pulled a Coo, to enhance the Val status, maybe Align have done what they stated, but, knowing the way Val issue info and operate, this just seems way to "perfect" for me?
Looking forward to see what is actually stated in their assessment of said meeting?
Remaining open minded and yet reserved as to what this "increased" confidence in commerciality prospects materially" is? FROM JUST ONE MEETING ?
Finally, quite liked the LSE cock up of 592 pence for Val lol... IF ONLY :)