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With the sp so low a 3% up or down will be pretty much the minimum level of movement, even if on a fyse100 share that would be a great day. I think the drop yesterday was just a drop off in buying pressure with individual trades generallyy in the 100s or just a couple of thou. Today seems to be a bit more significant, but probably just the results of people talking profit (or close to) once the buying pressure dropped off. This is always the hazard of a spike. Hopefully news on 201 is on the way and there will be something to drive a sustainable rise in sp.

Rb, Monecor hold about 3% of the shares, so a pool of about 45mill. Net movement yesterday was only about 3mill. Absorbing the sells will not be a problem as things stand

Well would be nice if we can stretch the rise over a third day and more. Hopefully there will be some news of merit soon to support a higher sp.

I can't say why the price platoed, perhaps the market maker was happy with the spread they set and go on with other stuff in the afternoon?
The key ponit however is that the shares must be owned. The risk to the market maker is that they will end up holding the shares if people are selling and no one is buying. This is the reason why the spread is so crippling wide on Val. The market maker is making their money on each transaction. They are never going to let this share fly and risk having to buy shares at higher price based on a load of small value transactions without any meaningful news that could support a higher valuation of the company. Good news on VAL201 could perhaps lead to a genuine improvement in sp.

This was posted a week or so ago.

https://clinicaltrials.gov/ct2/history/NCT02280317?A=1&B=12&C=Side-by-Side#StudyPageTop

Interpretation appears to be an issue. When I first saw it I thought that the study was done and results would not be long coming. However another interpretation was that it is recruitment that is done and the study hasn't actually started. Poles apart when it comes to good news.

I hope that the first interpretation is the right one, but as with all things Val taking your time and not getting carried away is key if you don't want to lose all your money. Fingers crossed for good news soon. Please do study the information carefully and don't get over excited.

Not sure about the MM conspiracies. Monecor make their money off the spread. With spread typically between 16 and 22% I think its a safe bet that the market maker is managing the risk of holding some shares and has been for some time. The spread is the result of not wanting to be holding the baby at the wrong time and having made enough money to mitigate against the risk.

Yorkshireboy, nice to make a post, but it could be misinterpreted as an attempt to ramp the share. I very much want the sp to increase, but a spike in sp helps no-one (except the lucky few who got in low and can sell at a profit) we need a real sustained uplift in sp and that needs to be based on news and results not gossip. I don't think there will be any real evidence of an growth in sp until an upward movement of 20 days (at least) has been maintained

Scooby, not trying to be a killjoy only to encourge a level head rather than getting carried away. If people have made profits that is great and long may it last. There is no news though, no rns no explanation for the rise. I would encourge profit taking if profits have been made. Hopefully news of substance is coming. But I urge people to be cautious and not greedy.

Please pay attention to the spread. At 20 to 28% no one is making profit. The tick up is nothing more than the result of the spread increasing. Please don't be fooled by the tick up. Sp movement is only part of the picture.

Hi sf, There are 3 names with email addresses given on the valirx website under contact Us. The first name is tarquin Edwards, but I would suggest writing to all 3 names and the infi@valirx.com adress too just so you can rule out the excuse that the person you wrote to was out. Good luck, let us know if you get a responce

If there is big movement up or down today or this week there will probably be a lot of acquisitions of people being rampers or derampers. A key ponit however is that the sp is pretty much as low as it can be. There really isn't any ponit in attempting to deramp. If someone wanted to get in low they have had plenty of opportunity. Also we had a 30% (there abouts) drop on 30 Jan after the GM. Friday only took us back towards where we were then. In terms of recovery it's not great, barely the first step. If the price Does go up today I still recommend EXTREME CAUTION new "investors" (gamblers) are not missing the boat and run a serious risk of getting locked in. I would recommend a dispassionate attitude and the use of stop losses if anyone is buying.

Odds are that he is nothing to do with the company. If he was this would be a serious leek, and if he acted on it it would be insider trading. It is much more likely that he is just a gossip monger who has tweeted a bit of gossip he heard from someone else who had a theory to explain Fridays unexpected rise. Oldblue1973 I get the feeling this is the first time you have come across this sort of nonsense.

I would recommend EXTREME CAUTION about the twitter post. This share has been pumped and dumped before. Do not dream of multibaging or if you have been holding for a while breaking even. If you can get out with your money (or even an acceptable loss) DO SO. Given the state of the company at the moment only a fool would expose themselves to more risk now. Next week might be good for some and profit is profit, if you make profit take it before you lose it like many others invested in valirx.

Sorry should read not sure if we..

Not if we can assume it's all the same buyer, why not just buy 34m at once? Not sure why anyone would want to buy in big to Val in the first place? Really don't know what to expect Monday. Gla

Gilders, a company wouldn't just pop up on the companies house website unless it has just been incorporated. Best guess is it was the way you used the search function, or perhaps more likely you just didn't pay it much hed before and its only stood out this time in light of all the recent events.

Not sure they need 200k. That seems like a very small amount. In fact if the BOD were really serious about work and the results 200k is so small it would be worth while them putting their own money in! I suspect even if 200k is enough to finish a trial there are other costs salaries, bills etc that would push the cost way over 200k.

The accounts for the group companies are interesting. Sorry I am not looking at valirx biotechnology or any other accounts as I type this, but I do remember that there was at least one company in the corporate group that doesn't look like its trading. The question that follows is if that company does not have costs, not engaged in trade and has retained profits or other capital, could those funds not be loaned to valirx plc? There is no requirement for any loan to be made with an interest charge. I might look myself later, but just throwing it out there for people to have a look and do some research. If there are available funds, how would you feel about the BOD holding out on you when they might have the funds to fund valirx plc without having to risk their own money or do a share consolidation?

Gilders, the corporate group of ValiRx isn't that unusual. It's a good way to manage risk (i.e. Set up a specific business for a specific project. If the project fails it won't pull the whole group with it) or a corporate group might arise out of acquisitions or geographical distribution of offices. It would not be unusual for group companies to have the same registered address as the trading premises need not be the same as the registered office. There wouldn't even be anything suspicious in group companies having the same trading adress if the same people work for both companies. There is risk here and we can't afford to be complacent, but in and of itself the details on companies House are not an issue in and of it self.

Borgie, nice if that was true, but if you wanted to preserve your money by taking it out of the ftse I don't think you would risk it in Val! Personally if I thought covid 19 was going to affect shares like it has I would have sold my Rbs and would have brought Rbs back on Friday! Would be looking at about 25% if they go back to 225 or even more if they go back to 250.