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Excellent Posts

Yeah, been very grey skies and wet for about ten days now here in London, and this morning is no different.

Ratty, I find that the shares who have the supposed 1 code are those in the news, expecting news and used by rampers as a means of falsely confirming there will be news tomorrow.

Don"t really want to add anymore to that thread, a few believe, many don"t and others with an open mind will make up their own minds. Of far more importance to us is the shares performance and news coming out of Scancell that will have an effect on it.

I was hoping for a higher volume yesterday than the 466k traded, but there were 27 trades and 445k of those were buys. Regardless we have been seen by many again, and I seem to remember the last time we got such a write up, we saw volumes increase all week (stand to be corrected)

So we shall see what stratagy the MMs employ this morning, the odds of getting news only increases each passing day, and it promises to be another interesting day. , so as they say ""bring it on""!!

Normally what follows is a bit of abuse, derision and even anger........but!! In the last couple of months I have mentioned on about 5/6 occasions what some believe to be MM codes, and despite saying I have an open mind about there existance or not on each occasion the meaning of the code has occurred. It always ends with a parting shot that it is pure coincidence said in anger and disbelief.

Well again today, we got a 500 code about 08.30, known to some to mean close the gap in the spread. The SP then stood at 4.70/5.20 a spread just over 5%. Within minutes the bid ticked up to 4.80 and minutes later stood at 5/5,20 which IMHO was to encourage trading, particularly looking for shares. Very soon after we got the 100 code, more known by many to mean MMs need shares. So the actual bid was spread was down from 11% to just over 3% something we haven"t seen for a while. Was hardly a shock to see MMs need shares after the last couple of weeks and to discourage buying the ask went to 5.30 then to 5.50 with the bid remaining at 5p, and still nobody sold, perhaps there was one 9k sell not sure when it was. Again IMHO from taking over 200k shares it fell to 60k at 5.066 to which i posted there might be a delayed sell to come, whilst the mms were hoping a few would sell which they didn"t (hope this reads clearly, lol). After 3.00 we got 150k buys and just one more sell for 12k odd despite on the actual bid the MMs would take well over 215k at 5.165 and under 200k at 5.1788, that is how it closed.

So after 27 trades and 25 buys the volume was 466k odd, 445k being buys and jut 21k being sells. Another day where buys far outweighed sells and it would be fair to say holders are holding strong, for now at least as they have all week where we consolidated at 5p with no further news.

Expecting to hear from one person in particular telling me it is nonsense and a pure coincidence, despite me saying i just have an open mind. That must be the 7th and 8th example of pure nonsense and coincidence, despite more than a few believing there could be something in it, and the way it worked out was jut as compelling as the others I have mentioned. That is why I have an open mind on the subject, it hasn"t been proven they don"t exist, has it?? If anything they were again 100% spot on and I have every confidence it will be dismissed as pure coincidence again. We even today had a clear motive behind them and the tactics the MM were reduced too to get shares.

Does anybody actually believe that the MMs really do need shares?? Well i spend quite a lot of time on Level2, and it has taught me one heck of a lot. Be interesting to see how we open tomorrow, there are three MMs on the bid at 5p, began the day with just one, Panmure, unusually are on the ask at 5.5p and all of a sudden apart from CFEP on 5.8, the remaining five are on 6 or over. Could well be another clear blue day!! Night

Certainly seems that way for a small Biotech on the AIM market, valued this morning with a M/Cap of just £19.2m, The best judges of people and companies is by the company they keep and increasingly over the years people who matter have noticed us, trust us and taking us very seriously. It fells to me as if many are willing us to get back into trials and just waiting to see more data. I have learnt to respect timelines, however frustrating it has been for us, and often wonder how we arrived at where we are with the limited resources, both financial and human at our disposal. It really hit home even more reading Aprils PDF where it says we have 23 staff now, 12 of whom who have Phds to their names, and it riles me when some criticise our approach to PR, financial incompetence and lacking the ability to sign off commercial deals. Even when we look at our solicitors, advisers and accountants we are surrounded by the right people with a wealth of experience to see us through negotiations at the highest levels, seems very clear to me that RG and LD have learnt so much in the last few years, and even Chippers who takes constant criticism from our friends over on ADVFN was in reality the man who took over the helm at a time when in retrospect Superglue seemed the only option. He put into place the stratagies which have taken us to this stage and it was he promised to expand staffing levels and senior management whch IMHO we can clearly see now.

This BB too has taken too much criticism again IMHO, we have many excellent posters whohave given us so much information in regards to the Science, Konar you have been in charge of Patents, lol, and have made me lazy, and Deadly is in charge of Twitter.

The performance of the share drives the criticism, and the FT article cited delays to the SCIB1 trial in America as being a major reason for the SP decline. I actually think what was happening to City Financial as far back as July of last year has been the biggest factor, known to the City and sadly missed by us all, except for the best researched holders here who fled in the mid teens, and of course the constant scrutiny as regards to our funding which starts the moment we do raise and espite that in recent weeks we have clawed back the losses down to City Financial selling compounded by funding issues.

So from me, I am far happier being in than out, and genuinly do believe we have never been better positioned to secure a commercial deal. Time will tell, but I rather think there are many items of good news to drive us forward, despite often feeling we have to really work hard to secure our rises and that is when consistantly almost every day we see buys outweigh sells not just in volumes but in individual trades too.

Anyway guys, goodnight and remember just about 14 working days to first patients injected and the potential for news on all fronts. Catch yer tomorrow ATVB

Buys 445k

Sells 21k

27 Trades....................25 Buys..................2 Sells.............VWAP 5.30
Last Dummy Sell..........under 200k 5.1788, over 200k 5.165

Going up, over 180k now 5.15 up from 5.125 a few minutes ago. So much for the 100 code at 08.32, eh, lol (MMs need shares)

Half the volume over there. Worth a look.

And should get better Rats.

H/L up to 120k 5.18...............120k to 180k 5,15 and over 5.125. Indeed, getting stronger

Aha, we can now sell 200k plus through H/L at 5.12 now. Getting stronger

Ratty,.................."".C7 - it's cold water, not hot water"""..................yes but hot water burns, and thats what i wanted to do to the posts which insisted we had to have a placing by the end of May!!! On top of that I have asked at least five times (no reply) how raising at 2p helps the company, as stated??

Well it certainly wouldn"t have helped him much had he have bought in here 2/3 years ago either.!!!

Could have done far worse buying into IMM or MTFB to name a few too.

W

W

Ray, just saw your post from 09.51 re refund from HMRC.............................

""From memory I think inan calculated the tax refund to be added to cash at the start of the year as somewhere around 2 million. How it is calculated, I have no idea.""

Well that is a very significant amount, far more than i hoped/expected for, perhaps Inan if you see the BB you can comment on that. Certainly significant enough to alter some calculations as to when we ""need funding"", and certainly pours even more hot water on claims ""we must raise by the end of June, lol"".

Inanaco, just to repeat I asked that question prompted by reading VALs RNS this morning where they said they had £400k coming back as a refund against R & D costs, and just thinking ours mut be a whole lot more. Again if that figure is correct and wasn"t added to cash in hand at an overhead of lets say £400k a month, that adds a further 5 months to the worst calculations.

H/L will still take 60k shares at 5.066, full ask 5.30 paid four times, so I still think we have a delayed sell to come, but it would be the first for a few weeks, so could be very wrong. As I said a few times last week, regardless of volumes buy trades far outweigh sell trades, about an hour ago, last time i looked it was something like 15 v 1. Lets see what the afternoon brings.

Ah, thanks, more homework!!

Was just thinking last night, that when you consider there were over 500 British companies at ASCO/ Philadelphia, forgetting everybody else, just to get a mention in the British press as we did in the Financial Times is really quite something in itself. Just a very small example of how important it is to be visible, attend conferences and network, just the same as any business really.

RG said to me on a couple of occasions when discussing PR, how important it was to maintain creditability amongst peers in the Industry in every way possible , the benefits and importance of that are pretty obvious, and when the timing is right, we will sing, and people will listen.

Wasn"t really talking about VAL, more the companies accounts and how they proportion expenditure to R & D specifically.

Had pretty much the same conversation with RG at the OXT AGM 3/4 years back, went with Krafty, now that is what I call a buffet!!! Wonder where Krafty is??

H/L will take 60k at 5.066, think we might just have our first delayed trade for a while.

Wasn"t really talking about VAL, more the companies accounts and how they proportion expenditure to R & D specifically.

Had pretty much the same conversation with RG at the OXT AGM 3/4 years back, went with Krafty, now that is what I call a buffet!!! Wonder where Krafty is??

H/L will take 60k at 5.066, think we might just have our first delayed trade for a while.

Pretty quiet really, 13 trades, biggest one 25k, 12 buys and 1 sell. I would guess just a few top ups from existing holders so far. waiting for some bigger trades.

Anybody finding it hard to buy in any quantity? i.e.50k+.....................

Morning, do you guys know the answer to my 07.38??