RE: Share price...17 Nov 2020 16:06
WeTookPelham
There were a number of posters who were saying there would be great news in the AGM announcements. OK we had an RNS which shows the Company accepts that some corporate areas need bolstering.
But surely the message from the AGM is basically that although Scancell can move forward much more easily being lubricated with essence of Redmile, it seems very unlikely that there will be a great deal of tangible evidence of that move forward until 2021.
As a result many buyers who believed that 17th of November 2020 would be the day that all manner of exciting Immediate announcements would be made are likely to be substantially underwhelmed, and will possibly take their money away until next year.
However much it may seem daft to those who have been invested here since 2012 to others its a risk they feel they can take. Investors here will need to be patient once more. It's just that the facilities are in place to help Scancell to fly once they get the Data we, and they accept is the key to the shre Price surge.
So no, a soft share price short term doesn't surprise me too much. I simply hope (as I am sure we all do) that the weakness doesn't last too long! :-)