RE: Let me be clear, I do not object to the fund raising....15 Jul 2022 17:39
Fever, your negativity towards Angle I feel is unwarranted considering what Angle has achieved under AN's leadership.
Gaining an FDA approval was a phenomenal achievement. Other companies in the space haven't even applied to the FDA because they've realised how difficult it is to obtain. It is testament to Newland's dogged determination and persistence and thanks to a great team that approval was finally granted, after 6 years of relentless hard work and constant dialogue with the FDA. As far as commercialisation is concerned Angle were always constrained in obtaining contracts prior to FDA approval, however now it has happened we're beginning to see real traction. Listen to the AGM presentation for a detailed explanation of the route to commercialisation. It was fairly inevitable that a placing would have to happen to tie the company over for a while until meaningful revenues kick in. Revenues will be modest to start with but I see an exponential explosion of revenue within two to three years. Angle is probably one of the safest stocks on AIM, with its ground-breaking technology which will revolutionise cancer treatment. Enormous barrier to entry, literally years away for any competitor in a $100 billion market. If 2-3 years is too long for some shareholders they should move on now. As AN explained he is looking for long-term investors, not jam tomorrow traders. This is definitely one to hold for the long term. And what better company if purely from an ethical and medical standpoint!
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