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Can anyone make sense of this? Evgen maintained that they have enough money to last to the end of 2024 and are expecting up to $5.5m by the end of the year from Stalicla. So why issue a share placing now to raise a pathetic £1m which will only fund the company an extra four months and dilute the shares considerably.
I always feared this would happen.
This doesn’t bode well at all for the Stalicla deal if Evgen are raising funds from a placing now.
Well hopefully we will have an update soon about whether all is well with the Stalicla deal or not. I hope all is well, I want this to be successful, I want this to give us opportunities to make money from and that will end if the Stalicla deal collapses. I am invested here, only £1000 now at 1p but I’d be delighted to double up and it will pass 2.5p if Evgen get the $5.5m they are expecting.
There will always be people who will ignore the warnings and have total belief in a company, I’ve seen it so many times on these message boards. It’s dangerous to be like that though, you always need to be level headed and take into consideration both the positive and negatives.
You could ask why did the new CFO decide to join if things are in trouble. But you could also ask why did Axa sell their entire holding when they did? Why have the Directors never bought in?
This is like a poker hand, we don’t know how this will pan out yet, you can only piece together what we do know and then make an assumption on what will happen. The next update we have on this will be pivotal.
Yes I agree investor, things aren’t looking good with the Stalicla deal. I definitely remember it stating on Stalicla’s pipeline that phase 2 would begin in 2024 and now that is no longer showing. Why remove that? Why are Stalicla not paying Evgen the $500k milestone payment that by the sounds of it Evgen thought they had fulfilled their duties last August. And then there is the problem that made me turn against Evgen which is that originally Evgen said they would receive $6m from Stalicla by end of 2023 which suddenly changed to expected up to $6m in 2024 but without any explanation. What is going on with this deal? How can it be having so many problems so early on? I think EVG should update shareholders about what is going on, it’s a really major issue.
And still no news. What is going on here? You’d like to think Evgen were confident they fulfilled their requirements for this $500k milestone payment. The fact Stalicla haven’t quickly paid up shows that they have some issues. What are they going to be like when it comes to paying up for the $5m payment when this goes into stage 2? This needs sorting out for all $5.5m by October time otherwise they’ll have to issue a share placing.
Absolutely agree. I don’t know who would buy shares at this price, £174 a share? Flutter valued at £31 billion pounds? Absolutely no way.
This share has momentum right now, the results were good, the outlook is good, the dividend is good, the dividend qualifying date is about a month away. I think this will get to 490p in the coming weeks. Crazy to think this share price was around 370p not long ago, most of us knew it was unfairly low, Aviva are super solid making huge profit year in year out.
The share price always seems to bounce around between 370p and 470p, it’s good to see that we are at the higher end of the range right now but I am not interested in selling when the main dividend qualifying date is only about 5 weeks away, it pays for my summer holiday.
It’s three weeks tomorrow that the dispute was issued. I would think a response would be imminent now. If Stalicla feel that Evgen have not met the requirements for the milestone payment they surely have these details to advise Evgen. If Evgen have met the requirements it should be quite obvious that they have done. I don’t see why this would take more than 3 weeks maximum.
I am optimistic that Evgen have met their requirements to get this $500k, I don’t personally see how they can’t have met the requirements.
A positive outcome to the dispute will see the share price rise towards 2p.
Yes the news regarding the dispute is significant. What are people anticipating with the response by Stalicla? You’d like to think news will come soon, it’s surely fairly straightforward, if Stalicla don’t believe conditions have been met they can surely advise what they are. I’m expecting a positive outcome, the board seem confident they have done everything asked of them many months ago.
As people here know, I’ve been critical of EVG in the last year due to lack of clarity on milestone payments and lack of new deals for SFX-01. It appears that this lack of clarity actually comes from Stalicla rather than EVG.
However, the share price was around 1.70p recently awaiting news of milestone payments to be received this year of $5.5m.
I believe EVG are due $500k immediately from Stalicla and the remaining $5m in 2024. I don’t believe Stalicla are going to pull the plug on this deal, I think they are simply still analysing the large data which will take a while longer.
I am not sure why they haven’t paid up the $500k but I believe it will be resolved soon and EVG will be paid. I feel the share price has the potential to rise to up to 3p a share if they announce they’ve got the $5.5m this year. That should fund the company into 2026.
I’ve only bought in for £1000 and if I can make enough profit to buy a new iPhone 15 pro I’ll be happy.
You don’t get many days like that here. A 3.14% increase on a day without a RNS and the FTSE down, anyone know the reason?
Dividend qualifying date is only 7 weeks away now and should be worth over 20p a share, it’s a definite hold for me at present.
The share price was around 1.8p only a fortnight ago and since the latest RNS the share price has dropped to 1p. But has anything actually changed?
I see on the Stalicla website the guidance has changed slightly on SFX-01 and now states: Phase 1 data is currently being evaluated to support further clinical development into phase 2 trials.
I think previously it was worded that this would go into phase 2 in 2024.
But that’s what we knew was happening, that they are analysing the stage 1 data.
I am not invested here any more but I don’t personally see what has changed from a fortnight ago. Everyone has been waiting on milestone payments for a while and EVG have simply made a formal query to advise that they believe they should have received $500k.
There is no indication that Stalicla are going to pull out of the deal. If I was holding this share I wouldn’t sell at this price.
I personally don’t believe it’s as bad news as it seems. I would be glad that EVG are disputing payments to be received as they seemed to be letting Stalicla do what they wanted. There is no indication that Stalicla are pulling out of the deal, it’s on their website that this is going into phase 2 this year.
If I was holding this share I wouldn’t sell at this point.
I’ll never understand the hostility to anyone who posts criticism or negative posts about a share on these messageboards. It’s a messageboard for all opinions. Do you want only positive comments about a share? Do you want to censor any critical posts?
I’ve seen it so many times on AIM shares where there are loads of rampers and they gang up on anyone who posts anything negative.
I wish I had read critical posts on past messageboards about shares rather than only positive ones which make it sound like a share cannot fail.
I got called a troll last week - because I post negative comments about this share. So basically if you post anything negative you’re a troll? How can you post negative criticism without being a troll?
I could understand if the share is performing well but to go from 23p to 1p in 5 years surely warrants some criticism.
As for the current situation, I can’t understand what has happened here. If EVG were to announce all has been resolved and they will receive these payments in the coming months this share price will double. But will it get resolved?
This has left shareholders in a tricky spot. It’s not necessarily definite bad news which is why I’d be reluctant to sell, if all is resolved amicably and they both work together then things can be better with some clear timetable of future payments. If that does happen I hope that shareholders will be kept more updated on these payments as the uncertainty of these payments and not knowing how much or when the next milestone payments are due after this $5.5m makes it hard to make investment decisions when not knowing the likely income stream.
If EVG do get this $5.5m I would definitely be looking to sell on the spike because it could be a long while before significant developments after that.
I am in agreement that SFX-01 has potential but unfortunately everything takes so long here. You’d be better off waiting for the day when they have a secure and regular income stream.
I think if I was holding this share I wouldn’t sell at this price. As others have pointed out it looks like Stalicla are going to take this into phase 2 this year, as mentioned on their website.
I don’t know what Stalicla are playing at but there is clearly a breakdown in understanding of when milestone payments are going to be received, as EVG clearly were originally under the impression at the start of this deal that they would have received the $6m in 2023.
It does kind of make sense why the lack of clarity and confusion as to when milestone payments were going to be paid. I bought into EVG as EVG said that they would receive $6m from Stalicla by end of 2023. Then without even addressing this EVG changed that guidance to ‘up to $6m in 2024’. At the same time there were posters saying that phase 1b was completed in August and a milestone payment was due but no news of it being received. EVG do appear to have been kept in the dark about when payments would be received.
I was critical of EVG for these inconsistencies and lack of communication with its shareholders but it would now appear that Stalicla have been difficult and it’s not clear why.
I think the alarming part of today’s RNS was that it states ‘as announced on 16th Jan, EVG has been working with Stalicla on delivery of the milestone payment’. It doesn’t sound like discussions held so far have been positive at all.
Unless there is a positive and amicable resolution quickly then this is going to be a major problem with the lack of trust between the partnership, not knowing when any future payments will be received or worse still Stalicla pulling the plug on the deal.
It has been an absolutely rubbish last 12 months for EVG, Juvenesense pulled out, expected milestone payments delayed, no new deals signed despite Huw attending many conferences in Britain and the US, cash flow reducing, share price falling significantly.
I hope for the shareholders it will be resolved positively.
To be fair, it does seem that EVG are due milestone payments and it is strange that Stalicla have not yet made the expected payment.
I hope for the shareholders that this will be resolved in good spirits rather than cause some friction.
I am sure this share price could tempt some people to buy some shares, it could be a nice quick profit but if the Stalicla deal falls through it is surely game over for investors.
I would absolutely not want to invest £50k in this. You must be loaded DS to invest such a sum.
If I had £50k to invest I would happily have invested in Flutter this year, probably not right now as it’s trading high. I have my largest holding in Aviva. It’s not the most exciting of shares and it’s struggled in the last year bit 31p dividend per share would make you close to £4K a year from the dividend from £52k worth of shares.
I hope it works out for you DS. You are one of the decent people EVG posters unlike the others.
I love that. Call someone a troll because they are critical and sceptical of the company. Your comments may have some credibility except for the fact you’re missing one key point. You do realise this is the lowest the share price has ever been? In April 2019 the share price was 23.4p. It is now about 1.6p. If you bought £10k worth of shares at that date less then 5 years ago your shares would be worth £684. So it’s being a troll to be critical of a company who’s share price has fallen so far? Are you serious? Do you think people buy shares for the fun of it or to try and invest and make money? You clearly aren’t bothered about shareholder value.
If anyone is a troll it’s you. People like you are responsible for people coming on to these messageboards and investing in dud shares. If you listened to people like kingalf you would have saved a lot of money.