""Covitity""14 May 2020 22:48
Whilst I don"t agree with some of the posts today, I think there have been some very good posts today, which are a result of a long period of time where any positive signs unfortunately for differing reasons, have not materialised into the next stage of expected news. It has been a very frustrating period for all of us, and I wouldn"t mind putting a few bob on when we were given the green light by the FDA in Approving our SCIB1/Keytruda trial, signs of the coranavirus eminating from Wu Han put the brakes on most companies whose aim it was to enter trials, fearing the resulting suspension of trials which followed.
That resulting suspension was a hammer blow to our hopes and financial planning of our BOD, and we could hear the relef when Scancell released that RNS just 3 weeks ago tomorrow. I remember saying at the time that we will probably not have to wait that long in finding out about the funding, which was duly criticised by Torwuay Fan (what isn"t") after just a week waiting to hear further news in an attempt to twist my posts to mean that funding had been pre-arranged in some way. Yes I do think before the RNS we had been in talks with our partners and others, just about finalised how trials would work, as seen by the original timeline quickly moving from Q1 2021 to Autumn this year. So we went public, one sure way of alerting interested parties to our plans. Some synical posts were made as to it being a prelude for a raising, which we have seen no sign off IMHO, or a particular need at this stage due to suspension of any future trials.
I was just wondering how others perceive we will hear in a short time, my original feelings were within the period ending May. I have noticed particularly today a fall in sentiment for our chances, which I believe has come about after a few let downs and a lack of confidence, which as I say I understand fully, but is there anyone really saying we are now very late in concluding funding plans?? I would doubt that, and then we get talk of an imminant funding which does send panic waves and red lights out, which IMHO are premature to say the very least.
So what has changed in this short period of time, doubt, fear and a loss of good sentiment, again which I find a bit OTT.
My last three trades I closed at 8.70, and 8.50 twice and with sentiment falling set 7p as my target to enter a new trade, working on two different thoughts. One, I think the trading spread has breached 7p and our current range might well just be 6.50/8.50, not the 7/9p it once was, and secondly and more importantly I look at the odds of bad news coming against good news and struggle to see bad news at this time. Any positive news we should rise to 8p and over, and I set myself a target buy at 7p after my 8.50 sell , settling on 7.10 on Tuesday, as I didn"twant to lose a position for the sake of .10%.