OXFORD TECH 3 VEC TRUST (OXF)15 Feb 2020 19:29
Just having a trawl around , and in recent weeks a gentleman has been building up his holdings in the company, the share price has been moving up too.
This is what Oxford has to say about us in there Haly Year Report back in September.......................
""Scancell, the Company’s only quoted investment, continues to make progress. It has received approval to start the UK Phase 2 melanoma combination trial of SCIB1 and has begun screening potential patients in Nottingham. It has also started the first joint programme on its new AvidiMab anti-glycan antibody technology, having partnered with a large unnamed pharma. AvidiMab antibodies target sugars rather than proteins on the cell surface.
Scancell raised £3.9 million through the issue of new shares at 5p per share, a significant discount to previous placings, to Vulpes Life Science Fund in June. The money will support the transition of Modi-1 to the clinic. Vulpes now owns 16.67% of Scancell and Martin Diggle from Vulpes was appointed to the Scancell board, which we believe will increase the chance of a successful outcome for them. The Scancell share price has risen following the Vulpes investment and our investment has been valued at 6.8p, the AIM share price at 31 August.""
Previous reports are noted by them commenting on an ever decreasing SP, and this was very positive comment, I think they have called this well, and are ""hopeful"" of a successful outcome.
Interestingly the Full Year Report is due sometime in March, will be interesting to see how it pans out and whether the Holding RNSs build up, either way they do a very good report on Scancell and up to date at the time.
OXF 3 TECH Share Price: 55.00Bid: 40.00Ask: 70.00Change: 0.00 (0.00%) .........yes a pretty big spread, lol. but......actual spread is 45/60 but rising the last couple of months.
I rather think the next bit of good news will take us up to 10, but that is IMHO........higher lows!!