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I don't know what good would come from trying to be close down this scam. It strikes me that after the last consolidation the share price was something like 60p its taken 5-6 years to dilute it to this point. Another 1 for every 125 consolidation is going to result in a revised sp of about 16p how long do you think it will take to dilute that to next to nothing. Long term I think val is a problem that will solve itself either delivering something for shareholders who are not washed out by further consolidations (unlikely) or backruptcy (the outcome I think most likely).

Almost right Slean, but I think :
To ignore all other issues
To produce bad feelings and create civil strife
To wander uncharted waters where no one with sence would go

On the whole I would say valuing the science is always going be difficult. Even if the science may appear to be a trivial addition to what's gone before it might be that addition that suddenly makes something work. My option is that regardless of the science val is not worth your hard earned. I have held Val since 2012 and in that time the sp has only moved in one direction. There have been rises, but never high enough to break even and now there is no scope for that at all. I said a few days ago that buying on the rise is a risky strategy, but buying when there is a very strongly (I dare exclusively since 2012) established downward trend is a pretty big clue that you are throwing good money at something that isn't worth spit.

If we have a 1 for every 125 shares as before I think revised sp is only going to be around 16p. Given the time it took to collapse since the last consolidation I don't know if 1 for every 125 would be enough. Oh well not much point in speculating just see what happens. Another consolidation after this one and I will be be totally washed out of having a holding.

The R&D tax claim is based on tax rules rather than science. So long as company can cost expenditure and the project details look credable the tax claim is likely to work. A key point is that there is technical uncertainty so it is perfectly possible to put in for a failed project as it may transpire the tech uncertainties were insurmountable. A claim based on readily deducable knowledge would not qualify. There is hmrc guidance on this online in the corporate intangibles research and development manual if you want to Google it. There is specific guidance relating to pharma

Yup it's fine from a legal point of view. They are generating capital reserves to run the company. This includes their salaries, so if they want to pay themselves mega buck it's not a problem. I understand the resentment and have expressed it frequently, but they haven't done anything wrong. Doesn't stop me feeling like I want to give a member of the BOD a black eye but my feelings don't make me right and it doesn't mean that they have done anything wrong

Think the title says it all ??

Hi Tom-vast. Did you buy in today? Hopefully not.

Good point special. The balance sheet is not great, but as you say its a going concern and no indication that the plug is going to be pulled

https://beta.companieshouse.gov.uk/company/08795000/filing-history valiseek however does not look so health. Technically bankrupt.

Not sure if that is correct based on the last accounts on companies House. The ballance sheet shows the company is not bankrupt. This is largely due to called up share capital. The accounts are much more detailed than what I was expecting. I would suggest a read. https://beta.companieshouse.gov.uk/company/03916791/filing-history

Good entry point. Not sure this is so much a mater of price as it is a matter of timing. Buying on a rise is a very risky strategy, last week was great, but how much is left? On the assumption VAL have products that work as claimed, if I were to put more money in it would be once we are at a higher support level and that there was reason to believe that it really was a support level. Sure you don't get as much as someone as the person you got in the at say 0.05p but that does not mean that you can't make a serious gain. The pattern I have discerned is that there is a tendency for sp to erode over time and for sp to spike unexpectedly. It makes me think that if you haven't made any money in a couple of weeks you should sell before you start losing money hand over fist. I would say this spike is done and the best policy is to wait for the next one. In the meantime wait for a stable support level to mitigate against sp erosion. my personal recommendation is to steer clear of VAL

The simple answer was FOMO. There was a positive vibe and a lot of big talk and I didn't have any experice of AIM. This is the reason why I take a stance against rampers. Its not that they have any meaningful effect on price one way or the other, but they do sucker in idiots like me who think there is a quick buck coming. Over the years the things that made me angry hace been a lack of meaningful RNS from the BOD, rumours of BODs level of rumuneration and their low level of share ownership (I have often said that if the BOD wants to look credible they need to have some meaningful skin in the game). The other thing that has frustrated me greatly is that there have been times when I could have got out with an acceptable loss or perhaps enough money to invest elsewhere but the rises where random and short lived Possible pump and dumps. Sure I have made a total mess of my gamble on VAL and others might say that wouldn't have been a rubbish as me. That's fine I advise caution not for them but to get those susceptible to FOMO to think before they leap.

I think you are right the last week for short term holders of val would have been a nice little earner. This definitely seems to be a share that you should sell if you haven't made profit in a couple of weeks. Holding any longer and you can find yourself in the same boat as LTHs. In some ways it is strange knowing that a 30 %(say) drop will have a massive effect on the the cash balance of a more recent holder, but as I have been holding for years that sort of drop has little effect on my residue value. Guess its quite a lesson in how fast you can lose money if you get your timing wrong on AIM.

Nice one, I had some divs to reinvest. There was definitely an opportunity when Bojo made his phone call and the pound slumped. Got to admit I thought worse was yet to come and didn't buy. Well done on calling it right.

I think that is because a no deal brexit will /is supposed to hit ordinary people hardest. I think it is a pity that those who push no deal as a policy don't seem to be the people who are short of a penny or two. It makes me suspicious of who gains and who pays the price for no deal (as a policy) and ultimately it plays into corby's hands as he can capitalise on that suspicion and generate support by peddling resentsent against rich bankers. He could be right or it could just be a cynical and ploy. But I would say its that that explains his comments.

Only why let recent PI 's escape? Who is letting them escape and to what end?
Not saying its not the case only that I don't see any benefit.

It seems that it's getting a bit *****y in here today. I really don't think attempts to ramp or deramp on this discussion board will have any meaningful effect on sp. Generally I am more against rampers as its other people buying in on other's advice who pay the price.
I don't think the BOD are overly concerned with sp, given their remuneration and share holdings I don't think a deal offers the BOD much more than the opportunity to take a compound to market and get the fame of being the developer of a compound that works. How much more do you think they need? To accusing someone of being in the employ of the BOD just seems empty to me. I don't know what the future is, only that people should invest in val at their own risk and with their eyes open

Damn special, sounds like you have done well! Got to admit I am jealous!

I don't think talking about guts is particularly helpful. Everyone has their own attitude to risk and I admit that I am too risk adverse to put more money into val, especially now that the rise has started. Sure there are doom mongers and worse still derampers on here but I like think I take a reasonably balanced view and recommend caution.