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I explained.

EMA approval does not bare on FDA approval, EMS have their own guidance as to why something gets approved or not... and as you have rightly commented in the States they approve more than they do on Europe mainly because of the private market.

EMA can & imo would approve this whenever they wish relative to their own standards, irrelevant of the FDA

Re fda I don’t believe that has any baring on Europe - Europe has its own agenda / box ticking & FDA trial isn’t one of them.

I get your point regarding partner & yes seems likely they will wait although as per company update talks are with multiple interested parties...

I don't think it'll have any baring whatsoever mate tbh ... this is a private company (nowt to do with the gov) trying to bring a medical product to market & news on that front could be out any day...

Fully funded to Q2 2021 & the possibility of a partner landing anyday... defo the time to be buying.

Joined you all over the last few days....

Buy low sell high is the general idea ?

"particular medical cannabis, that have near-term re-rating potential"

Be interesting to see what they spend the placing on...

idg69 Brexit has nothing to do with the approval, nor will it have any baring on a timescale.

250k & 150k

Defo not your standard trades / P/A

everyone is waiting for 2p

Looking lively.. some very chunky buying going on yesterday, not to be ignored as that isn't punt money... one wonders how high they would be prepared to buy at.

If we pop to the next resistance at 21p will they still be happy to step in and keep loading ??

To gain any traction at current level... could dip lower to gain attention and buyers before ending the day blue imo.

Back in for another rally

"PI's ignore but institutions (mainly because they are lazy) use them" lol

They certainly seemed lazy here mate.. Can't help but feel they just saw the drop in revs, loss & divi halting and assumed it was a done deal

4 x 100k buys today, on a quiet day, accumulation by an insider ?? Similar to what we were seeing before the rise from 11/12p

TBH never paid much attention to broker ratings as they always seem to hold a fair motive (long short or dirty) you really think they hold that much weight ?

Well, going off the trading / PA & how well it's held up, can't see it not moving again in the (fairly) near term, we'll see mate.

Clemoc... No idea tbh mate. Fundamentals shout higher.. we could dip short term although, imo, seems unlikely... My bet was placed in the low 2's, completely different kettle of fish trying to guess short term trends from here.

Mark I think he is referring to shorters in the states ?

Yes it would mate... but the Shorters (if largely in profit) are very unlikely to rush to close and spook the market... bottom line is however, from these levels there will be far more buyers than sellers (even after the large rise), one for the long term.

So now the Yanks are awake... how much higher do they push us?

Still not open in the states... Shorters ringing around trying to get their positions closed.

Can't imagine they we're expecting to wake up to +30%

A few reasons off top of my head:

It's been shorted down from £10.50 in 12 months (shorters will be buying). The company has $700m cash in hand. Very likely could reinstate the dividend of circa $0.58 by March 2021. Made a profit of around $500m (on a $3b turnover). Is only 9 months into a 3 year turnaround strategy & already shown huge improvement.

In a better place than this time last year and 1/3rd of the price.