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How can a company raise at such low from current market price! followed by massive sell off the big holders!.
Also no explanation offered by the company!. Can't be good!
We can flood this forum with lots of blabbering but none of it matters! As of now nobody knows what’s been happening on the BOD and all talks about NX candidates are pointless as well because again nobody knows I don’t think even the BOD knows either. I think it’s eventual delist on the way!.
I’m sorry for all the LTHs
Its always standard procedure, New leadership and the same Jam tomorrow....
The only thing that doesn't make sense to me how they manage to strike a deal with Lanstead! I can't possibly imagine Lanstead will pass it without recouping their investment!
Soup,
So you are saying the BOD put RNS with promises that they won't fulfill?
You are showing so much confidents for a bod who fails to fulfil or update their commitments which they have stated publicly!
If you are right then pretty obvious the price is going to drop a lot! I say we will see 50s in the coming months. Will be lucky if it find floor at 50!. I guess people who entered last years can kiss good buy to their investments!
Soup, for someone who has posted loads and loads data here, I'm bit puzzled with your response! do you even read the RNS?
"1-Dan Gooding was brought in as business development consultant in lieu of director level appointment" - Where does it say that? you just assumed didn't you?
"2-CEO was progressing, but doesn't mean they have to appoint someone, there may be circumstances that mean one is not required." - Agree 100% if thats the case then BOD should update the shareholders specially when they mentioned the CEO hunt in few RNS, Don't you think its courtesy to let everyone know?
"3-What makes you think positive data has not been received?" - If you seen the that please share it with us, I'm not sure about others but I didn't see any RNS.
People talking about licensing here is like some people thoughts 'what will I do with money if I win the lottery'
Before winning the lottery first needs to play the lottery, then need to select the number and then the selected number need to match the winning numbers.
Likewise there are other more important things hat NFX need to address before there is any conversation regarding licensing!.
How about starting with delivering what was stated in the RNSs
1) BDD, God knows...
2) CEO, was progressing well in April.
3) positive data which was expected early 22!
I think Licensing talks are bit too rich at this stage for a BOD who cant deliver or give an update on 3 simple things!
Its either they have some news in the pipeline, the wait is to let insiders in. Clearly there is some consistent buys going through, one can argue there is selling too happening! but the SP is at the same level hasn't moved much. So may be once the insider has taken the position the news may start to follow!.
Or
We are in pretty bad state. Like some one mentioned they there was 6 months notice now 6 months without CEO, well over 2 months since "progressing well with CEO appointment" statement!
People say patience is most important trait one need when holding a stock.
In my opinion ability to keep calm without any frustration through BOD jam tomorrow statements is most important quality one need, that affects you mentally.
I was happy through out when I was trading NFX, now that I decided to hold its frustrating!
The only binary positive thing about NFX right now is Lanstead decided to go ahead with full fund deal.
We talk a lot about the clinical candidates but its all smoke and mirror.
Bod needs stick with its statements, it doesn't look good when find CEO or appointing a BDD turning into a Saga.
Looks like the buyer from this morning had enough and bailed out!
Could've been cheeky plan to spike the SP but it looks like backfired.
The fact PIs didnt take the bait proves the BODs credibility is lost.
I remember people saying the very same when I was happily trading this from Mid 2020 to around last month.
I first bought in at 3.08 and sold at 3.9, no other stock has ever worked out perfectly for me like this. Imagine if I had held on I would be sitting at massive loss unless I avg down heavily. Holding on is not always great strategy.
But now Yes, if we were to believe the board (loosing trust by each day passes) we should be able to see some decent returns but then anything astonishing will come with deal with numbers on it.