RE: Share dilution5 Jan 2024 16:54
This is what I don't get with you, you say I talk nonsense and lack of further analysis from myself and kingalf, yet you have demonstrated this is exactly what you do, not me.
The Juv deal, I am totally aware that EVG and Juvenescense said that it was a change in business direction. So you think that is fine, that explains all and if only I had read that it would explain everything I needed to know? Really? I said I wanted to know why after 3 years of Juvenescense working on product development and spending a lot of money they decided to return the rights. There must have been a reason why they did that and that was what I wanted to know. Was it that the SFX-01 product was not showing the results they wanted? Did they feel the product would not be profitable? Why did they not include this venture in their new business direction? But of course me wanting to know further details is according to you me talking nonsense and lack of detail and analysis from me? Interesting.
As for the Stalicla delay, you say I fail to understand the complexities of pharma research. Well that's brilliant thank you for explaining. I mean my goodness, you fail to understand a simple point I made. The point I made was that EVG originally wrote - and I quote in the Half Year Report 08/12/2022 'Up to $6m in initial milestones to be received before end of 2023' changed to 'Up to $5.5m in further milestones expected within 2024' in the Final Results 07/06/2023. My point here is why did EVG write $6m to be received before end of 2023 if it was not set in stone? Why did they not write $6m anticipated or expected before end of 2023? You seem to think it is perfectly acceptable to claim something will be received by a certain date and then if it is does not happen then it is fine because it is complex. Look, don't say it if it is not guaranteed.
You seem to like being condescending in that I lost £3200 here saying it is a little amount and it surely is a small fraction of my portfolio. Maybe £3200 isn't much to you, maybe you are loaded and £3200 isn't anything to be bothered by. I invested here hoping to double my money. Yes I could afford to lose it but it was never my aim to lose £3200, I would have used that to go dining out at nice restaurants every friday for a year or go on a second holiday last year.
Share placing - I agree with Alf, if there is a share placing it will of course be between 1p and 1.5p given what the current share price is. What do you think a share placing will be at? Whether it happens we will see but even you cannot deny the fact that money is running out and without the Stalicla money they will need to issue a share placing in order to raise money to keep the company afloat.