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...and they didn't fail through running out of cash as the root cause, they ran out of cash due to woeful mismanagement, and / or finding their propositions no longer relevant.
Hardly applies to Avacta does it?
AS also said that they are seeing an up-tick in commercial interest (driven by emerging data) and that and they are prioritising non-dilutive sources of capital either through partnering or licensing, and that they're in no rush. Happy days!
OK, let's put it this way Mr Falcon, if we asked 100 people to bet on whether or not there would be an RNS tomorrow, then you would definitely NOT get half saying yes, and half saying no. If you asked the same 100 to bet on heads or tails in a coin toss, you WOULD get a c50% split.
That is because they know the likely outcome of a coin toss is 50/50, but the likelihood (i.e. odds) of an RNS coming is definitely not 50/50
Not true WelshFalcon. If it were, then you'd have, over time, half the days having an RNS, and half not.
You need to look back at the number of RNSs within a range working days, divide one by t'other, and that will give you your actual odds. You could tweak that and look back across years and the time of year, but you get the point.
Gje - "I don’t remember anyone promising exact dates. This is a trial, only estimates can be given."
Wyn didn't say he had promised exact dates. The problem with Al's estimates is that they have been continuously wrong, and not always with good reason. If he had come in early on his estimates sometimes, then he could be forgiven for his inaccuracy, but he always, every time, under-estimates. That's the issue.