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Drac, I think one reason no authority has called them in is because on one has complained to an authority. Its the easiest way to get away with it.

Very much agree and generally I would say that both ramping and deramping have no effect on sp. Sp is governed by the actual events /circumstances and posting opinions about the events /circumstances changes /adds little to nothing. I have never seen deramping have an effect and I have only seen ramping having an effect on aim listed shares and this is when the sp is rising and people are buying because of fomo. People attempting to ramp or deranp ftse 100 shares are just wasting thier time.

Odds on winning the lotto are 16m to 1.
If you have £72 then you can have 36 goes
Reducing your odds to 441,409 to 1
Odds on being hit by lightning in the uk is 1.9m to 1
Odds on making a gain on VAL? Just about nil.

£111! Yup that's pounds not pence!

Hi Drac, I can quite understand your sentiment that you have just had enough. I used to do a job where people lied to me, and I had to chip away at those lies. I know that when things go badly that it chips away at your resiliance and that the people you are trying to deal with benefit each time they chip away at your resiliance. The thing is that we are chipping away at GM and SV too, they have a choice to change, to step down or try and fight for the status quo. They are aware of our dissatisfaction, we are very near end of all this now. Regardless of the outcome on the vote on GM and SV it is last chance saloon for the company as well. ValiRx cannot continue the way it has. There are too many negative posts on this bb for anyone who seems them to think this is a share worth investing in without evidence of change . Every vote counts so regardless of which way anyone wants to vote I suggest digging deep, finding that strength to continue and make your vote count.

It should have yesterday. If you looked at the value of your holding you probably wouldn't have seen much differnce. Look at the average share price and you will see it would have jumped up in value. If your average was say 4p it would be 500p now. (God just looking at that exaple makes me feel sick, my average is much higher. I can see why people would be tempted to average down, but please don't throw good money after bad, if you have spare cash, the ftse 100 is offering a real opportunity now. Wish I had brought LGEN on Friday! Not going to buy today though either with ftse 100 shares so volitile I am going to wait and see if it drops again. Builders also offering lots of quick ups and downs.)

Hi Drac, I think the voting analysis set out in Suzy's article is pretty sound. I would suggest voting even if it might seem futile. As I have mentioned there are no big institutional investors, there are no big time shareholders. We all minor shareholders have manged to act together to make our voices heard so voting isn't as futile as it might first appear.
Admittedly the new broker and the status of the new shares seems to have confused the situation, but the only way any of us can get what we want (voting to get rid of GM and/or SV or to voting to keep them) is to vote and hope our vote will aggregate up with the votes of others to the result we want.

Glitches I think, I have had the same issue. The posts reappear after a few moments.

Borgie, that would be a bit daft though. We can't have a situation where the remaining directors continue to apponit GM and SV and then shareholders regularly voting to remove them. I know that is ValiRx, but there must be a limit to the madness.

Painful. My loss is considerably less, mine are now worth pennies (literally less than 50p) so I can only imagine how angry you must be.
#GM&SVlastchancesaloon

Kettle, I am in the same position. I am calling my broker Halifax today to advise I want to vote and to instruct they way I want to vote

Strickly the new broker is not an investor. So when they do off load the shares, what will the buyers "investors" get? Well at a spread of 33.33%, they get an instant slap of eye-watering risk! (the broker is making a killing on evey trade if the spread is 33%!) after the initial hit the investor can look forward to many sleepless nights as they see the value slip even further than the intital 33% down. They can then sell and get off lightly or hold on and lose more. There has been a little volitlity in the sp, so if you have made a gain, take your profit before you lose it!

Yup random, it's painful. Thankfully I am in the same ball park as you. When I think of others on here who have put in much more I consider myself getting off lightly. Not sure if aim is people who have a lot of experience, or really do thier research. More inclined to think aim might just be for fund managers who invest widely, put a risk managed amount into aim stock and are prepared to offset the small number of winning stocks against many losing ones. I have certainly leant to keep out of aim from now on.

#GM&SVlastchancesaloon

200k should achieve something if it is well spent. Is it enough to turn things around? I would doubt that. Will it be well spent? I don't feel confident. I suspect that this is just the start, the 200k is just going to be spent keeping Val going for a while and further share issues will follow. The big question is will this be an interim measure before a more inventive way to fund the company is employed? Likewise I feel pessimistic. It's too early to say if the broker is going to be more hands on. If things don't change we already know that the future will be a company that will find itself exhausted by its own pathetic fund raising activities. If nothing changes we will just have to push again and again for GM and /or SV to go because if they can't change now it will be clear that they are part of the problem and have no place in the solution.

Totally agree that share is a problem with voting out GM and SV (assuming that's the consusus). However I am a bit confused about the rules here. Is the vote based on the number of shares in issue when the resolutions where announced or when the meeting was scheduled to take place? Assuming its the later it is most likely that if the shares held by the broker count (not sure they actually do - the broker is required to complete the market that is supply shares purchased and buy shares sold) it is likely that they would support GM and SV so long as the broker thinks those two add value. Of course when the broker offloads the shares it all changes. The broker won't have the same voting power and the shares will almost certainly continue to lose value unless by minor miracle things can be turned around. If things do get turned around we all win. New shareholders get thier profit, our loses can be reduced a little and GM and SV can hold on to the gravy train. If they can't turn it around the army of digrunted shareholders swells. The only advice I can offer is not to to throw good money after bad when the broker releases the shares, wait and see if an sp increase can be maintained for at least 20 days before uping your stake here, derisking is the way forward.

Drac, I don't think the protest was a waste of time. Ultimately any protest can only be successful if there are people who hold large numbers of shares (i.e. having the voting power to block resolutions). That means that they will have meaningful skin in the game and meaningful amounts of money to lose. The whole ponit of the original vote was to protect investments from the mismanagement of the BOD. I think the jury is still out on the BOD's claim that they thought it unlikely they would be able to continue trading, but under the circumstances I can understand that continued mismanagement was considered the lesser risk compared to going into administration. As for the future I think that we have proved to the BOD that although funds have come from a large disperate group of individual investors (rather than a few institutions or big players) that we can organise ourselves, form a consensus and vote in a united and meaningful way. The subsequent issue of shares post consolidation will of course make it harder to get rid of GM and/or SV, but if things continue as they have all the BOD will do is add to the number of disgruntled shareholders and we have already shown we can organise to vote them out. The new broker seems a bit more hands on, maybe a more imaginative approach to funding might be taken (rather than relying on quasi charity donations from us). I say let's wait and see. If its just more of the same then every AGM from now on we raise resolutions until they are gone.

Oldblue the sp shown is "as if" consolidation has not occurred. If you look at the sp graph there is no massive uplift as you might expect with a share consolidation. I think this is something of a peculiarity caused by the adjournment of the GM due to disruption caused by cornrovirus. I am sure that in a few days/weeks (hopefully not months) this will be sorted out and the "true" sp is shown.

Agreed, I am pessimistic. Would not be surprised if the company folded, but I do think it is at least possible for the company to recover from this mess.

GM glossed over both VAL301 and val101 in the Edinburgh presentation as being in early development. I belive the last end of year accounts included some nice glossy pics to illustrate product/project process and I remember the 4 compounds were at different stages. Sorry I can't be more acuurate at the moment.