I thought it was a positive conference call but once again we are not there yet but I think that this year could see some serious SP enhancement as always in Biotech there are many caveats.For me what matters is the cash runway which gives the shareholders some hope for the future.
As an accountant who has worked in Biotech one of the most important paragraphs in addition to the science updates/deal is detailed below.To have a 12 month cash run way means they are considered as a 'Going Concern' which for a small Biotech company is great.In addition you will also see notes on how much the Directors have reduced their salaries. For me well done Sareum just 'Brilliant'
2. Basis of accounting The accounting policies adopted are consistent with those of the financial statements for the year ended 30 June 2019, as described in those financial statements. As at the date of signing the interim financial statements, there are no new standards likely to affect the financial statements for the year ending 30 June 2020.
The Group's current cash and short-term deposits will meet the existing commitments and operating needs for at least a year. The directors anticipate that the Group will secure sufficient equity-based funding and/or revenue from partnering agreements during the coming year to ensure the continued advancement of the Group's programmes. Therefore these financial statements have been prepared on a going concern basis.
RE: Harland & Wolf twitter account.25 Mar 2020 20:53
Hi LiquidSilver - I totally agree with your synopsis & until we get approval for the Marine License I do not see any further progress as it is critical to the success of the project.I suspect that the work at H&W is only at break even at best but fingers crossed that is all we can do.
RE: M.V. Inishmore...............25 Mar 2020 19:47
InfraStrata plc Retweeted Harland & Wolff@Harland_Wolff1·3h We are working hard from Belfast Dry Dock to ensure essential freight links are maintained across the Irish Sea. This will ensure medical supplies arrive at hospitals and food is on the shelves of supermarkets. #coronavirusuk #harlandandwolff https://twitter.com/Harland_Wolff1/status/1242846382496649223/photo/1 The pictures show both ships in dock starting with Semi as described by dawski37 the other day clearly there is work for H&W - Good news more to follow hopefully.
Hi kevg1805 - I certainly am not deluded just someone who wants to support the company to have any hope of the company being able to create value.I do not see a Plan B where names are being put forward to replace the directors you all want fired.In the case of INFA the directors were voted out which saved the company but replaced by people who have been able to drive the company - currently not reflected in its SP. Biotech's are not always the best at PR they are scientist SAR & PYC are another example. I appreciate why there are 'Angry Investors' but the only current route is to support the company.No changes can be achieved if the company is not supported all you will do unless there is a Plan B will destroy it so what is achieved. Now off the board for the rest of the day & off for a walk.
I understand why we are seeing such red on 'our screens' but surely INFA's underlying value is far greater than todays SP. It would be appreciated if we could get at least some positive news to reflect what is clearly a lot of activity by JW based on his tweets.Rant over.Currently I am now showing Hold.
Hi keeptofacts - I am only supportive of the company because I see no point is trashing the company because I like all others have lost loads of money to coin a phrase recently used but want a chance to recover some of it.My reason for continuing to post as I have done so recently is because voting against the company is insane & on a personal I do not like the 'bullying' by the 'Angry Investors'.
Hi wildbunch - We have all lost a load of money on Summit (SMMT on the NASDAQ) but with the recent 100% increase in the SP on the NASDAQ my investment has gone from circa £10 k to £20k & expect further increases. With regard my support for VAL I believe it is better to support them & not to destroy the company & preserve the science. May see you at Summit AGM later this year.Regards
Hi kept facts - the following are the resolutions for the April meeting & I have voted No - clearly no change of heart. 'The Resolutions to be proposed at the General Meeting are as follows: Resolution 1: An ordinary resolution to remove George Morris as a director. Resolution 2: An ordinary resolution to remove Satu Vainikka as a director.'
keeptofacts - I am a private punter with a mere 1,135,000 shares who wants some chance of getting back some of my investment half would be nice.People will be able to meet me at the March meeting the virus permitting.