Prevail no dozers3 Oct 2024 11:28
Interesting drop of the Prevail RNS yesterday at 11.19 am. Why now when this funding relates to pediatric clinical trials in March. One thought is that Prevail have some strategic sense of when and how non-dilutive funding might come. There is a presentation of CBR cancer-related presentation this week and they have been vocal about this in the past- actively asking investors to join them. So, Prevail announce pediatric well in advance, get their shares and what they perceive to be lower SP than where they believe non-dilutive might take it. Additionally, they are not going to prop up VS with that announcement for 6 months when pediatric trials go ahead and they are not stupid enough to think it would. They got in there early with the 2nd announcement because they know something positive will happen in the intervening period. Prevail want a bigger seat at the table, they believe in the science and they believe there is a meaningful inflection point imminent, soon, later on - whatever but certainly one coming!!! My thoughts GLA