RE: Sp23 Jun 2022 12:18
Hi Folks,
This is not a scientific analysis but an observation of recent events. I myself would tend to presume that the situation with the IND application/ clinical trial being possibly Q1 2023 was likely known pre 30th May when the company financial controller acquired 1,284,889 shares (and who now holds 4 million) , took place in the knowledge of CAR T timescales. I think when looking at cash flow, which as an FC, he would or should be doing, he would have known about the timing of the clinical trials and it's associated financial requirements . Therefore, I think there is a high probability that other product news or deals is highly likely to be due in the intervening period. Some posters have eluded to this possibility. I am sure that if Andrew Wright thought there was very little likelihood of news on "anything" dropping over the next 9 months, his very increase in shareholding would probably have been delayed to take advantage of today's price. I take the view that if he's not worried, there's a little more reason for us not to worry. I also recall Mr India strongly advocating a Director purchase to instill confidence and there we had it on 30th May 2022.
I am not saying AW has insider information but it is reasonable to venture that his purchase reflects a positive environment in terms of what is happening within the business. Good luck everyone & as hard as it is, try not to get spooked.