RNS Today24 Oct 2018 11:38
Todays RNS tells me that there is now a BIG For Sale Sign in the market place for Valirx not just for a JV but possible a take over.I have worked in Biotech & was involved with a Biotech company wishing to dispose of its subsidiary & I was responsible for the cash flow projections in a similar report.In addition I fronted the financial presentation for the first interested party who eventually bought the company.A lot of work has clearly gone into todays report at some cost.The downside is that they will need further cash in 6 months time 'On this basis ValiRx, considering cash as at 30th June 2018 plus the recent £1.15 million placing proceeds, has just over six months’ worth of cash left.'I am however amazed that there has not been a more positive movement in the SP.I think time to Buy.