In case anyone has forgotten. PLE still have to submit accounts in the UK.
POM reminded me of this with the following.......>>>
Just looking at the Plethora Accounts Filed at CH on 9th July 2021 I note MW signed off the directors report (15th June) which stated that the PII Validation study was complete and on track to be submitted in the 1st half of 2021.
He refers to this assisting with on-gong negotiations with potential commercial partners - good or bad things are far from progressing as presented... ;-)
Given the history of RNS's and announcements which mostly gave a positive spin (even when lying) only to let shareholders down, I'm at two minds as to think what they are up to. We have speculated numerous times on logical positive outcomes only to be let down by nothing more than incompetence that I am not going to allow myself to feel too enthusiastic since it could all be just a complete incompetent fcuk-up. The last time they were in discussions with US licensees, and were even at heads of terms back in 2014, everyman and his dog walked away. I could understand if they halted discussions because of the 6 dose failure and continued once it was solved, but they didn't. They walked and didn't stop walking which could indicate an uphill struggle now.
It was never announced that the heads of terms discussions had collapsed, which, considering the financial significance of any US deal, was a complete failure of the CEO in performing his fiduciary duties. So, now I sit and wait in the hopes of just any news. good or bad. ;-)
I wonder who will have an announcement first, ERP or FUM ???
Anyway, thanks for that. Could this be an indication of changes that may be coming due to production ??? Although to my mind VENTUREX as a name of a mining company sounds so much better (like Woodside, BHP or Rio Tinto) than "Develop Global" which sounds more like some children's educational company....lol
Exactly. They just do what they want, as they see fit. With a few added legal get out of jail comments.
"The Group anticipates submitting the study to the FDA by the end of August 2021". The trump card being "anticipates" However, I would think any judge would throw it out given there were 3 dates given, all of which have been missed with the last date only two working days away. Who professionally would quote a two day window without knowing it would be missed. (could even be considered as a form of manipulation on the expectancy of positive news - although to what end since the sp is now heading south)!!! No excuses I'm afraid. Incompetence in a huge way.
I still do t see any reason to delay a submission on the grounds of license talks, particularly phase II, since the submission still has to be made and surely will not effect anything. The only possibility is if a license is sold outright, but even then it makes no sense, unless a licensee agrees to take over the complete approval process and given phase II has not been submitted could effectively be considered as the start. All just speculation on my part.
Thanks for trying, although I expected as much. The guy is a real dcik. 2 day window now heading towards 4 weeks and no explanation. What a complete fcuk up this phase II has been from start to finish, and its still not finished. Over 3 years for 100 subjects. Really incredible.
Although POM could be right, I’m afraid we have speculated far too often on what the company is or was doing only to be let down with a bump due to incompetence (no other word for it really). As such, I’m not going to get any hopes up on on what they are doing behind the scenes since it’s usually nothing.
I think something is amiss. If they miss a two day window by 3 weeks when they appeared to be on top of it, what else could it be ?? They have to inform the market of the submission since it’s a major step in the approval process which has financial implications.
Certainly a concern that the phase II results have still not been submitted 2 weeks after they were meant to be on a 2 working day window. And given how good they are meant to be, what's gone so wrong ???
That said, the only other possible answer other than a lack of paperwork (they have done it many times before) could be as postulated to me recently by POM that..... "Are the result being held back because of some impending US agreement ?"
Although It certainly would make sense in one way (why else is there a delay), I really don't understand why phase II results would need to be held back because of this as its surely time wasted. I would have thought it more likely if they were results from phase III, but they are not, so? If, however, they are held back because of this, then it could be very good for us all, although given the amount of previous speculation on events, it may just be, once again, down to incompetence ?
Anyone else have any thoughts on the matter ? Need to keep the lights on here in case we miss something....lol.