RE: Surprised....25 Apr 2024 09:37
My earlier post on 15th April has proved me right, more kicking of the can, cannot get a deal that satisfies the company, nearly two years now! CT may be happy with the progress but his appointment hasn't exactly been a light bulb moment.
"That was before that terrible rns. Everybody had high hopes the back end of last year then JW sold and all hell broke loose. CT released that rns which compounded the issue and it's been downhill ever since. Most people inc me expected a deal at the latest Jan '24 but because the rns stated that phase 2 trial might have to be done again people started to be scared and started to sell. CT has not done anything to address people's worries, that says to me the discussions with the companies with a view to a good deal is not forthcoming.
If in the eventuality Dest has to go it alone for the phase 3 trial then a large fund raise will be necessary, that is why the sp is where it is.
They say no news is good news but in this case it's the reverse. Most people's stop losses have been taken out inc mine at 32p which I have stated. If good news happens then I will be back, we all await the update next week to see where the land lies but I fear it will be more kicking the can down the road with promises of a future deal. The market will not like that and the sp could drop further to around 10p. My views which I have said before are that Dest could go private or go on the Nasdaq. To drop from 80p down to this level shows a lack of communication from the board to address people's concerns.
When CT was appointed with Sir Nigel coming back as well everyone thought it was a slam dunk but unfortunately it hasn't worked out as yet and my fear is it won't. GL all, alamo🤘😎"