Member Info for CJ39

Thanks Marc, that’s really good advice.

I’m amazed this got to 77p this year given the results in recent years. The board should be held accountable for the catastrophic mistake of paying £2bn for William Hill minus its American arm of the business, it wasn’t worth even half of that figure. 888 were going along very nicely, very healthy profits each year which they should have used to grow themselves. They are now saddled with enormous debt and the finance costs on that debt is causing the company to make big losses. They tried to do all sorts to cut costs and ease their losses but the losses are still huge.

There seems no hope for Evoke with this debt. Now add to the fact Labour are going to hammer gambling companies with higher taxes I just don’t see any hope for this share other than a possible takeover bid but who would want to buy Evoke when they are carrying so much debt?

It is crazy to think Evoke paid £2bn for William Hill but the market cap for Evoke is just £206m right now. The board destroyed this company, it was just terrible business.

All that time and money producing this drug and making millions of them and it came to nothing.

Told you this company was a dud ages ago. Surely no one is still invested here?

Wow, a £76 drop in share price in 7 weeks despite all news being really positive is incredible. £160 did seem a fair share price a few years back but it feels very cheap now. I know other gambling stock such as Entain and Evoke have been in freefall recently but they are saddled with huge debt and are making significant losses and have very little involvement in the US market. Their share price collapse seems very fair and logical but not Flutter's. Obviously the market tanking due to the American tariffs has also pushed the share price down further but with the FTSE100 index just around the 8000 when it was 8900 just a few weeks ago means there is a lot of positive days to come to help push the share price up.

I think Flutter are super strong and are getting it right with their strategy. I just cannot see this share price going much lower, it would be just way too cheap if it ever fell back to the £130s whilst we know this share price can reach £236.

I totally believe this is a great buy in price.

I have no idea why anyone is still here, the share placing ended this share as a potential investment. As showjumper said, this will need to increase 400% just to get to the 1p mark and it’s not happening ever. The ludicrous dilution in shares at a massively discounted price was a huge insult. The board care nothing about the shareholders here, they never did. You watch, two years down the line when this money runs out they’ll do another enormous share placing to keep the wages coming in.

The Stalicla deal is dead, anyone who thinks otherwise is kidding themselves. Just move on and draw a line under this very sorry share.

The last time I used 888 I was given a free £10 casino bonus and just put it on a number in roulette and won £360. But I was not allowed to withdraw it, there were wagering requirements that you had to bet some crazy amount before you could withdraw it. I am not exaggerating here - I put £10 on black on repeat and 3 hours later I still hadn’t come close to meeting the requirement. I put it on repeat for a few more hours and it ended up going to nothing. I was fuming. What a joke. That promotion made me stop gambling with them.

Really hard to say where will the bottom be. All gambling stocks are taking a pummelling, Flutter has gone from £236 a share yo £175 a share in the last 6 weeks.

The results last week were about as good as expected but still a near £30m loss despite doing so much to cut costs and maximise profit. I’m not sure anyone would want to come and buy the company when it has so much debt and so focused on the UK gambling market, there is so much competition and gambling companies have such difficult trading conditions. Without a takeover it looks pretty bleak for Evoke.

Really good posts LWHL and Wisdom. Agree with everything said. I hate how gambling companies have to act like nannies because of our liberal left politicians. As you say who is acting as a nanny over how much someone spends on lottery tickets or scratch cards, how much someone drinks or smokes, how much money they spend in shops but for some reason gambling companies have to act like a nanny protecting people in case they bet too much and it has had a huge impact on trading over recent years.

But what else should we expect from leftist politicians, look at the far left Democrats in America - they control California and still have not legalised gambling in their State.

One state in America is taxing gambling companies 50% on their profits. How can that be right?

Who is voting for a political party that wants to control what you can do, what you can say and hear? The UK gambling companies have it so tough because of our nanny state and it’s one reason I’m very reluctant to invest in betting companies like Evoke and Entain who’s main focus is on the UK gambling sector.

In the year ending 2021, 888 recorded £50m profit after tax. Amazing. Now they are recording losses of £30m plus each year. The net debt increased by £30m, how on earth can they ever turn this around. They worked so hard this last year to cut costs and maximise profits but still recorded a £30m loss. I don’t see how they can turn this around.

Whoever decided to pay £2 billion for William hill minus their US operations needs shooting.

Pro investor. I do agree that SFX-01 does appear to have potential not only as a health supplement but also to treat diseases and disorders. But not securing any further deals was a huge failure, EVG/TCF put years of time and tens of millions of pounds developing this finished drug and seemingly had no interested parties in trialing it to test its potential other than Stalicla.

I’m not sure about Stalicla’s issue being lack of funding, on 16/01/2024 EVG released a RNS advising Stalicla had raised $17.4m and must have assumed this meant Stalicla would pay at least the 500k owed but not a penny received from this funding. Why? And the ridiculous share placing now, despite claims that they were funded until the end of 2025 only cements that TCF do not expect any payment from Stalicla this year and they no longer include it in their annual or interim reports that this money is due.

I do agree that the board have treat shareholders with utter contempt. They have given shareholders no updates on Stalicla, lied about not being allowed to buy shares for legal reasons, advised that they were funded until end of 2025 and never addressed changes in guidance such as $5.5m to be received by end of 2023.

The share placing is an absolute disgrace, wiping out any chance of shareholders ever getting their money back and you just know if Huw gets asked about it he’ll just dismiss it.

It feels like this one could chance been great but everything went wrong. I remember when buying in here at 5p at October 2022 saying that I wish I could see into the future to see how this pans out. I really believed at that time it would reach 25p, how amazing that would have been. Instead it is 0.25p, 100 times lower.

I don’t know why anyone would stick around here, the dilution of the shares to 2.1bn in issue is crazy, just think of that figure, 2.1bn. There is no chance of this share price ever recovering now.

I see a lot of positive comments about the final results but they made a loss of £460m after tax. That’s absolutely terrible.

I think the harsh reality of the situation is that no one wanted SFX-01. There is no news at all in the past year about SFX-01. It’s a shame as it looked so promising two years ago. Would really be interesting to know the reason why Juvenesense pulled out. Did they think it was ineffective? It would explain why Stalicla have not been able to move into phase 2.

They should just announce that the Stalicla deal has collapsed and put an end to this sorry affair.

I’d be interested to hear what DSFlat and Proinvestor plan to do with their holding now.

Xviolet - what do you think the share price can reach here if all goes well?

It really does sum up what the board think of the shareholders. They couldn’t care less about shareholders and your investment in the company. They’ll all be happy that their jobs are safe for another two years and pay packets will continue.

Jbco, are you going to let him speak to you like that?

I can't believe it either. I no longer hold these shares, I held for years and really rated Aviva but the share price never reflected how well Aviva were doing, the share price was always bouncing between 380p - 460p when I held despite excellent results year after year and good dividends. Never thought I'd see the day the share price here seemed to reflect how good a share this is. Glad to see people doing well with these shares, I hope to buy back in at some point.

Stalicla website still down, very strange. Should there be suspicion on the authenticity of the Stalicla deal? $500k was due to be received at the completion of phase 1b in August 2023, still not paid. $5.5m expected by end of 2023 we were told. Without any explanation this was revised to - up to $5.5m expected by end of 2024. Not a penny received in 2024. Dispute notice issued in Feb 2024 which we have heard nothing about.

Stalicla website down when the news of this placing announced. How did Stalicla ever hope to pay up to $163m for SFX-01, they look to be as broke as TCF are.

I’m starting to wonder was this a fake deal to give both companies exposure and make big pharma take a look at SFX-01?

I just re-read the half year report from late November which states: · Cash runway unchanged to end of 2025 excluding any potential milestone payments.

If this was true why did they issue such a ludicrous share placing in February 2025 which diluted the shares so much at such a crazy reduced price that it made shareholders investments worthless and impossible to recover their losses? If they were funded for another 8-10 months why do this now?

I hope Huw will be forced to answer some very tough questions when he does a live presentation after the full year results this Spring.

I’ve said it before and I’ll say it again, Huw has been nothing short of a disgrace for how he has updated shareholders of what is going on with the Stalicla deal.

Is the sad reality that no one was interested in SFX-01? EVG/TCF developed a drug in tablet form that appeared to have all sorts of health benefits and had an impact on various different disorders and diseases. Huw did go to various events here in UK and America trying to get big pharma aware of SFX-01 hoping these rich pharmaceutical organisations would do clinical trials on the drug but nothing came of it. EVG/TCF could not afford to do their own clinical trials.

Juvenesense pulled the plug on the deal they signed in 2020 to use SFX-01 in a health supplement but dropped it in 2023, no explanation to why. I remember Huw saying in response to that deal collapsing that he was more interested in doing bigger more lucrative deals so wasn’t too frustrated. They never came and never will now.

As for Stalicla, who knows what has gone wrong with this deal but it clearly has gone wrong. The fact Stalicla won’t even pay up $500k for the completion of phase 1b in August 2023 is very strange.

I do feel Huw was misleading in his email to a poster here who he sounded very upbeat and that it just takes time.

In the RNS last week regarding the appointment of Dr Smith, there is a write up on TCF’s product portfolio and there is no mention at all of SFX-01.

TCF were relying on the finished product of SFX-01 to bring in a lucrative income stream to bankroll the company and it never came. Hence why last April they acquired the new company and shifted focus on to that.

It’s a shame how this panned out, if it had gone as we hoped there is no doubt in my mind that this would have soared to 50p plus.

The sad reality is that if you bought £10k of shares after the Stalicla news in Oct 2023 at 5p a share, your £10k is now worth £500.

I’m sorry to see so many people shafted today, I wasn’t here to be a troll, I just had been following this share since Oct 2022 and bought and sold out 3 times for a total loss of £4000.

These are my thoughts.

Did the MMs know? I think we all believed something was happening here with all those strange trades and the sharp rises in share price despite no news in the last month. Did the MMs know what was going to happen and use this as an opportunity to make money by sucking people in before the share price collapsed when the news was released? How often do you see it on AIM shares where the share price rises sharply sucking people in only for a big drop.

Why did TCF say that they were funded until end of 2025 when it so clearly wasn’t true? I couldn’t understand how they were funded until end of 2025 when they only had £1.1m back in September 2024. It seemed obvious that the money was going to run out within 6 months of that date unless they had significant money coming in.

Other points - why did TCF never inform shareholders about the Stalicla dispute? It left shareholders in such a difficult position in not knowing whether to hold or sell.

Where does this leave the Stalicla deal now? Clearly there is nothing happening with resolving this, is the deal even real? No payments for almost 2 and a half years since the deal was announced? Was it a sham deal to draw investors in?

Why was the placing at such a crazy low amount? Had they managed to do a placing at 1p they’d only need to issue 425m shares rather than 1.7bn and only dilute the shares in half. It doesn’t make any sense why this share issue was so low.

Shareholders have been shafted here, so immoral. I never trusted Huw. That nonsense about they couldn’t buy shares for legal reasons but could not say why. They never kept shareholders updated on things such as the Stalicla deal, why expected payments were delayed, what the dispute was about or why Juvenesense pulled the plug.

Whilst everyone here has lost a lot of money and coming to terms with the fact TCF is finished as an investment, Huw and co will continue to be paid each month, they never did buy any shares with their own cash, they won’t care less by todays news.

This is the end of TCF as a viable investment. The shares will be diluted so much it is now pointless. When TCF have 2.2bn shares in issue, even if TCF started to improve and were valued at a massive £30m, the share price would only be 1.3p. There is no point holding now. 2 and a half years I followed this share and it was a disaster, a constant stream of bad news. I wish I never ever stumbled across the RNS of the Stalicla deal and the riches it was set to bring.

I would like to leave with this final comment about these message boards - if there are people really sceptical about a share, don’t assume they are just a troll, try and consider their opinion to give some balance about the share.