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Callum - i am a long term investor. Sitting on losses.

The investment case has certainly deteriorated from the excitement / expectations of last year.

The RNS was very poorly written. This strategic review stuff actually just makes them look silly. It’s an old device usually used to mean the company is for sale. So the mixed messages were quite odd. And their options aren’t that complicated so it’s just a silly thing to say which undermines confidence as we saw.

However, the detail of the presentation was pretty good. Both in terms of prospects and in clearly writing off any prospect for an equity raise in the next six months or so. So i left that thinking the price drop yesterday wasn’t deserved on the fundamentals - but was caused by the hopeless RNS.

Yes fundamentals are key and you need sometimes to ride out a negative market. However, the market is also telling you something so you have to keep your ears open or you can accumulate significant losses.

Personally i thought 15p was a good buying opportunity and significantly increased my stake at 15p. But time will tell!

EC - i have a bad feeling about this…..

The Force is not so strong with Newland anymore.

IMHO this contract was much more significant than Eisai ( even if for a paltry £150k ).

But the spike was unexciting and the fall back rapid.

Credibility and belief have been lost.

Not a pretty outlook.

Also strong points on funding options.

Not delisting. No imminent fund raise. Ongoing discussions with partners on stronger footing.

If they had done a better RNS this would have risen this morning given the previous very weak share price performance.

I agree Volmer.

The RNS was terrible.

The presentation was very strong.

I think this could fully recover today as investors reflect on what was actually said. And considers that against the current market cap.

Hi TomHuk

I listened to the proactive thing with what i hope was an open mind.

But it seemed to me the same hyping approach is alive and well.

He leads with saying 140,000 patients each with 3 time points with each time point being worth at least £2,000 to Angle.

So you add that up and he’s saying there is potential for £840m revenues just from AZ. I mean - really?

You will remember he threw out similar kinds of numbers when he talked about Eisai. So just from these two there’s potential for £1.6 BILLION of revenues. Incredible.

Then he offers forecasts of perhaps more sensible figures of £2-£5m and £5-£8m i assume in the not too distant future - 12 to 18 months maybe?

I really don’t know how anyone takes this company seriously.

I just think the way he talks makes this uninvestable for anything other than day trading.

Clearly it’s a dead duck on AIM - he needs a lot of money by 1H 2025. I simply can’t see any institution investing behind him and his FINANCIAL track record.

Maybe he will be able to do a Redx and go off market with private investment support. If so, i might join in and would hope to do so at a fraction of today’s price as i was able to do in that situation.

I have made my own mistakes believing in purveyors of miracles - recently a big mistake with Destiny. Whatever happens to the price in the next few days / weeks ( and i do assume it will spike strongly ), my head tells me it’s one to continue avoiding. But good luck with your investment.

Hi TomHuk

Yes that is most certainly large pharma. But it’s a pretty puny deal. Nonetheless - yes that’s progress.

In fact to me it’s bigger news than the January news - but the punters are beginning to see the Emperor’s new clothes for what they are. So the share price appears not to be spiking in the same way - but maybe it will over the next 48 hours.

BTW - it did spike and drop last time didn’t it?

You tempted to build your position?

I am tempted to but at open and play the ramping game. Played well you make good money on this stock.

£150k is hopeless.

However, i get how this plays out.

So i reckon this will hit 25p-30p on news like this.

But then we will come back to where we started.

Money to be made if you are brave and quick!

IMHO

At some stage anyone not in for the long haul with zero visibility will have to sell. that includes the MM’s. Anyone hoping to take out at a premium is courageous ( to be polite )

Sounds very sensible EC.

If he starts to make material sales at last - happy days. One can live in hope but once bitten - twice shy. And here we have been bitten multiple times.

Morning EC

I agree - it appears to be good progress in capabilities.

But the issue - that even you will admit - is that Newland has offered lashings of jam tomorrow dozens of times before. And he has never delivered material revenues. So i think what you saw yesterday is that even the rampers have lost interest - the spike / drop history is so undeniable now that people don’t want to risk their cash anymore.

So all that means is - deliver some actual sales Mr Newland.

Nice to see some progress EC. Agreed.

But he needs to sell some! That is where he needs to show a bit of progress.

Seems that even the rampers can’t be bothered to react to Newland anymore. Interesting.

WISE ADVICE.

And your note to self is why AIM doesn’t work!

I am tempted to buy at these prices as i am well underwater.

But i fear the management team are chumps.

If they do that - happy days.

Let’s see.

The problem is that their appalling communication ( and i mean by that the very poor quality RNS’s that they have issued this year ) have totally undermined credibility and, therefore, the share price.

So let’s say you are right and this pharma takes a £10m equity stake. With a market cap of £18m that’s a dilutionary disaster for shareholders.

I really fear these guys are showing the sort of arrogance we have witnessed at Angle for anyone who has followed that disaster.

Sadly not.

I must admit i have called this wrong. I thought Rudd was still a serious person and would have a serious team. Seems i made a mistake.

The hopeless RNS’s earlier this year were a clear sign these guys were well out of their depth.

Sajy - perhaps you could offer us a few headlines?

Thanks EC.