Member Info for Andysel

so the bad news is out of the way, and to be fair the share price has held up well because non of us loyal shareholders are going to sell,
I would just do a raise to secure funding for the remainder of this financial year, and then spend the time securing the finances for the LAB, whether that be through a raise or other means.

Remember raising funds for a lab would not necessarily be a dilution in the same way as raising fund s to continue trading would be. The raise would be used to add value to the company in the form of an asset and by association would ordinarily be reflected in an increased market capitalisation following the raise and purchase. (possible leaving the share price in a similar position to prior purchasing the lab). ie more shares but a higher MC.

just my opinion, this is the difference between raising for day to day costs (dilution of value) and raising for assets (increase MC)

Yep, found it now, and as someone else posted it’s identiacal to last years, they didn’t use it last year so maybe someone causing doubt,

I reckon I need to get my conkers out and challenge to meet the doubter lol

OB,
That’s fine but I can’t find it on their website under any of the links

I have 1% of the company in shares and I can’t find this important info on an official document or link direct from the website which concerns me

Nom
I can’t find it on their website, so suspiciose

@nom
This is word for word as last years rns apart from the date, are you sure you have not edited the date a I can’t find this on their website, and as a large shareholder o haven’t received any such notification

Just asking

When, not if, when OB’s target is hit I think a few of us will retire with a large smile on our faces

Have a great evening

As I eluded to earlier this is such a positive statement in the past tense, the deal in my opinion is done with thx and also for the lab

Take some time to read the statement from Kevin cox about thx, very positive and in the past tense so deal done

The latest RNS does not yet tell us anything we do not already know, there’s nothing new, it has to be produced due to procedural rules

Going into this financial year we had funds to see us through until H2, so today is the same as yesterday, and tomorrow we are in the same place as we are today (it was in the Cenkos reports

Tomorrow and over the next few weeks we will see the deal confirmed and the companies financial future secured (this is my opinion)

This is why I am invested in Val for the long term

Have a great evening

OB

52, my plan is to retire at 55 with a move to Spain,

I’ve never stopped working so want to enjoy my latter years

OB

I too have no intention of selling a single share, I may even add a few more once there is a little more certainty and the strategy is proven.

I’m looking forward to the next few years of growth before I retire

OB
I note the positivity in the THx statement that they say upon successful completion and not that it depends upon successful completion, that’s a positive in my mind

it may be that they will be all tied in together, the deal announcement and the accounts, possible justification for me saying this is that there is no reason not to release the trading accounts and AGM details for any other reason. we all know what the status of the companies finances are, these have never been in question, so to not release the final details would indicate they are close to the deal going through, otherwise why delay them - this is just my opinion as a share holder ( i could be right or wrong, who knows)

BP, thanks for the reply, and yep, some people were left high and dry, however slating the board in public is not going to help the price increase, (one day possible as high as before) and will only have a negative effect.

and as with every forum, anyone can type and say anything they want under a name where you can't be identified and too many times people just outright lie about their holdings and intentions to suit their agenda's,

like I've said, I've/we've seen it all before,

sometimes people's stories are genuine but unfortunately a lot of the time they are outright lies which tarnish's the genuine holders

All I see here are posts from individuals who I have never seen post here before suddenly slating the company, and of course, having seen this strategy many times before it can only mean one thing,

a massive de-ramp, get in at as low a price as they can and then pump the hell out of it with a different user name and sell out,

a typical de-ramp, then pump and dump.

you can see this a mile off every time there is news due

It's quite simple really, if you don't have faith in what the BOD are doing then just sell up and move on, that is of course if you actually have any shares in VAL at all.

have a great day and weekend everyone, next week will be a great week

i too have used the filter and what a joy it was not to read utter tosh first thing this morning

@Porky
Average costs for clinical trials
Phase 1 - $4m
Phase 2 - $13m
Phase 3 - $20m

The chart on the link gives slightly more detail based on area https://www.sofpromed.com/how-much-does-a-clinical-trial-cost

@Porky

In answer to your question I don’t know how much it would cost, but to take 201 to trial ourselves would mean changing the company strategy again, which I don’t think will happen. Just my opinion,

should have read "the lab would be to enable"

@ Porky

Let's wave a magic wand and assume they acquire or kit out own lab - we don't have a magic wand

Does anyone know if they have the skill sets to continue working on 201 without TRX to go it alone and position it themselves for the next phase of trials? - VAL do have the skill set as they have/are being instrumental in assessing the vendors for the trials, the issue is funding the clinical trials.

The Lab would not be to enable VAL to carry out their assessments on future opportunities in house rather than outsourcing as they currently do, and in addition charge others for their services creating a revenue stream.

Apart from cash do the Americans bring much else to the party? Anyone know? - for this we will have to wait and see what else they bring to the table when the sub license has been completed.