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Hi I wasnt aware of it until a previous poster mentioned the companies name. Very interesting
Avacta Group plc (AIM: AVCT), a life sciences company developing innovative, targeted oncology drugs and powerful diagnostics, is pleased to announce that a second milestone equity payment has been triggered resulting in an increase in Avacta’s shareholding in AffyXell Therapeutics (“AffyXell”), a joint venture to develop next-generation cell therapies between Avacta and Daewoong Pharmaceutical (“Daewoong”) in South Korea.
https://avacta.com/avacta-achieves-second-milestone-in-affyxell-joint-venture-triggering-increased-equity-stake/
Avacta is a joint partner in the company which is developing ALX-001.
This is an extract from a report on the drug 14 March 2024.
Allyx Therapeutics will advance into Phase 2 clinical development of ALX-001, its investigational therapy for neurodegenerative conditions, in people with Parkinson’s disease.
https://parkinsonsnewstoday.com/news/phase-2-trial-begin-investigational-parkinsons-therapy-alx-001/
Copy and paste of the trading update which gave January orders of £.5m.
If Feb and March were better could have mentioned this.
Disappointed that it was a re hash of the trading update
See what the presentation brings
Morning
Had a look through the rnas’ to try and see who was funding the drill.
If MEN were funding any part of it I’m very pleased that they haves decided to cut their losses and stop
Exploration is a massive drain on a small companies resources.
Keep getting the 1m in and set up the ipo
I got kicked in the nuts with that placing. But ironically I feel we in a much better position now to move forward
I was ready to sell but in the end I bought more to average down.
Totally agree on the diagnostic side it will be interesting to see the numbers from this side.
Atb
The raise is is slightly different because directors have subscribed for a total of 941,000 Shares.
Directors buying into a fund raise i think is a positive sign
Morning
Yesterdays trades information
Looks like somebody’s dumping.
Vol Sold 2,714,522
Vol Bought 1,397,041
Who knows the reason for the dump hopefully the sellers just want liquidity and aren’t aware of any issues.
Atb
Morning
Been trying to think what a tv advert would look like to promote Eroxon.
Animation after it has been rubbed on a limp banana perhaps?
I think the name is not particularly sexy so they could re brand Erecton maybe
If they are eyeing up 20% of the ED market I feel this company will be taken out by one of the main players.
Can you imagine if Pfizer added this to it portfolio of of products. To buy us out would be pocket money for them
Morning
For me I did not like this part of the rna.
" the Company has had to suspend critical suppliers' payments and postpone some maintenance projects"
If the company are not going to pay critical suppliers then no one will supply them with whatever the critical items are.
If they need these for production then whats going to happen?
Morning
A regular poster on here mentioned agl to me. Bought in yesterday
For me this presentation is a compelling reason to invest in agl.
If anyone hasn't watched it, have a look.
ANGLE PLC presents at the Proactive One2One Investor Conference - January 11th
https://www.youtube.com/watch?v=IV9VdZoaL9o&ab_channel=ProactiveInvestors
The openness and inter reaction with investors within the presentation is refreshing
For me a year or so ago agl had a fantastic product but didn't know how to commercialise it. Its like they have walked into the Dragons Den, made a presentation and got their best Dragon on board.
Anyone googled their partner Illumina?
For the future yes they may need an injection of cash before they become self funding but I cant see agl fending off a bid before this happens.
FDA approval gives them credibility and the selling of the Parsortix technology not specifically for breast cancer but for research purposes so it can but used to capture other cancer cell opens so many doors.
How much would a buy out be?
atb
I keep thinking about this
I can’t recall exactly but the panel may have asked about current production levels.
His reply was under oath and he gave a ball park figure which may have been 1700 to 1800 bopd
The wygocc seem to take things seriously and if this person lied I don’t fancy his chances.
From memory was he someone from Southwestern?
If it goes under the sl will get something.
If bonds are converted, the settlement option based on the average 5 day vwap will kill the share.
AM’s family are affected so will he come to the rescue with some form of loan.
Avavio and Atlas I assume have money available. They could rustle up a loan
Time will tell but to go down to bankruptcy now after what copl has been through will be a crying shame and nobody apart from the company that buys copl will win.
Alb
Tiburn
Who terminated the venture copl or the partner.
Copl may have had enough and pulled the plug.
We need background now from copl to tell us what happened and what the forward looking plan is
Although disappointed at least this jv cloud has moved on and us no longer a distraction.
If the jv talks did not allow copl to consider other interest in the company then this could get very interesting