RE: further to discussions with Bermuda28 Aug 2019 19:24
Correct Ruck, but none of know how much we can reach, I used to find predictions of £6,£8 etc a bit off putting myself, and I wouldn"t mind 50p is still a multiple of 7, so lets get their first, and I really don"t know what I would do then, I guess it will all be down to the news that takes us there and what lies beyond. At the moment it is all about data, and keeping our ears open about Glycans and TCR. That in itself looking at valuations could take us well beyond 50p.
Yep, my average is just this side of 15p, so no I haven"t traded any, nor did I build any more between 3.6 and 5p, it just gets to a point where enough is enough, but how I wish like many I entered at those prices, mine was 41p!! So quite happy I have got that down to sub 15p really. What I was saying before was we are not seeing huge PI sells, far from out, when the large trades stop we reach a volume of just about 150k a day. I think what has upset a few of us is that when we are due good news like the SCIB1 trial going ahead, there is always just that something that negates it, so unfortunately sentiment suffers and that is what IMHO we are seeing from PIs. BUT, there is someone out there building a very large holding in the market. It is a shame I cannot get down to the Share Registry so easily, although the holdings will be in trustee accounts, me and Bibio did quite well a few years back in working out who was selling. This is purely IMHO, but i would make Ichor my favourite in selling, although logic dictates a differing opinion, and I believe associates of Vulpes are buying pretty heavily too. As long as that seller keeps feeding the market we will drift ever so slowly IMHO, so looking forward to the AGM for a number of reasons. Just ten working days away now, don"t forget to eat before you go, lol.
So, I really get the frustration that Violin Dog expressed so eloquently, as have many of us have done over the years at certain points, but what is keeping me pretty confident forow is the Vulpes investment in taking a 16.67% stake recently., They spent five years researching Scancell another year on due diligence, and for all the negative comments about the price they paid, they would know exactly when we are sufficiently funded for and in what, and have taken into account any need for further funding. Which should quiten the fear mongerers, as they have a particularly large holding to consider in any way we choose to go, or more interestingly who we might be expecting incoming funds from.
So for those reasons not stressing out at all, there should be plenty of news to come and we will know that every week the data is building.
Night guys
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