Morning Guys8 Sep 2020 03:12
So another blue day yesterday, 3.98% up after opening a couple of percent down due to the readjustment of the UT at 8.80.
It was only a couple of weeks ago on hearing that we had secured funding for COVIDITY that we rose 21% in no time, only to finish 9% up, and crackin warning us how weak in the market we were to finish so far off the days high. Well we certainly haven"t looked weak in the market since, volumes are regularly over 2m a day, trades are well up, I believe yesterday up to around 85 and the average trade about 35k.
Really good to see so many newbies arriving here, noting the significense of the recent placing led by Redmile, a very succesful oversubscribed OO and the share moving onto 9/9.30. Significantly with the Platforms converging on the cusp of trials, news expected anytime for the Glycan Mabs and Avidimab, and added to this busy schedule now is COVIDITY where the BOD deserve so much credit for obtaining funding from UK Goverment for a Phase 1 trial, which in the process serves as a great validation for the science behind SCIB1, which IMHO will build ,as details of sites and recruitment will soon be released for our combination trial with Keytruda.
Not least of all we now have a cash war chest of around £22m, the most we have ever had, which removes one of the most stubborn of elephants from our room. People are sitting up and taking notice of us now, and the question is not so much have they heard of Scancell, but when did they first hear about us. It is only a matter of weeks to the Annual AGM, which unfortunately like others will be behind closed doors, but hopefully recorded live for the growing army of new shareholders and LTH alike We have never been in a situation where so much news, inflection news, can be released any day and these are just a few reasons why we are about to break back into double figures.
As chester has said on a few occasions now with inspiring posts...............................
What is there not to like about Scancell???
I agree wholeheartedly an look forward to another blue day today. ATVB