2p6 Apr 2022 21:23
Is the current cash value therefore 3p to 5p is where this is heading. I may have a dabble at that level once the additional warrants and loan is taken on. BOD need replacing, especially with their huge salaries. £1.50 to 10p in 6 months!.
Remember this RNS , unreal!
Oxford, U.K., 2 November 2021: Sensyne Health plc (LSE: SENS) ("Sensyne" or the "Company" or the "Group"), the ethical clinical AI company, today provides an update to the strategic announcement on 19 July 2021.
The Company's Chief Executive Officer and its largest shareholder, Lord Paul Drayson, has approached the Sensyne Board requesting approval to speak to potential third party investors in order to pursue a potential management buyout of the Company. In order to maximise value for all of the Company's shareholders, the Board has appointed J.P. Morgan Cazenove and Peel Hunt to consider a management buyout proposal ("MBO") (should one be forthcoming) and explore other buyer interest alongside considering other strategic options that would allow Sensyne to scale more rapidly, with these including strategic investment or the continued pursuit of a secondary US listing.
The Board believes that the current market value of the Company does not reflect the fair value of the electronic patient record ("EPR") health data to which the Company has access through its strategic partnership agreements with UK NHS Trusts and US health systems. Being undervalued means that Sensyne cannot execute on opportunities that may create novel treatments for patients. The Company currently has access to a data set of 22.5 million such records and has through its agreement with OMNY Inc the potential to access a further 22 million US patient records, and access to approximately 42 million clinical trial records through its agreement with Phesi Inc.
The Board intends to seek an outcome which respects the unique heritage and culture of the Group, its commitment to the ethical application of clinical AI to patient data and enables the Company to deliver maximum value to all stakeholders and continue to prosper in the long-term.
Since inception, and more recently since the IPO, Sensyne has developed significant AI and data science expertise through its collaborations with NHS Trusts, academic institutions and pharma groups, and has established access to significant patient data on an anonymised basis through agreements with multiple UK NHS Trusts and US Healthcare systems. By applying AI and machine learning methods to what the Company sees as one of the deepest, longitudinal patient datasets in healthcare, Sensyne generates new and otherwise unidentifiable insights of value to advance patient care and pharmaceutical research.
Through its Life Sciences and Healthcare Products divisions, Sensyne works towards connecting patients, clinicians and researchers, which collectively helps healthcare professionals deliver better patient care while curating vital data to support the next generati