RE: Major shareholders16 Jan 2025 07:46
I’m with LWHL, I will only believe that TCF is on the up once I can see evidence that things are going well. It’s typical for me here, I’ve invested 3 times and each time the share price dropped further and further. It’s funny how once the share price increased here that old posters reappear and talk up this share as being excellent. But the reality to date is that since the Stalicla deal was announced in Oct 2022, TCF has only received $500k, they expected $5.5m by end of 2023, then by end of 2024. The dispute notice they issued was almost a year ago now and we’ve heard nothing. Add to that we’ve seen a share placing, the Juvenesense deal collapsed, no new contracts signed, not found any new private investors, very little is now happening with SFX-01, no big pharma have wanted to trial it. The cash reserves are down to the last £1m now and they need to get money in or else there will be a huge share placement.
The current share price movement does suggest something is about to happen but I’ve seen it too many times with AIM shares that a share price increases significantly to suck people in only for it to drop like a stone again. We’ll see. Watching with interest.