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Would be nice, but I doubt we will get one specifically in relation to receipt of funds I would think the next RNS in relation to the MOU would be confirming whether we have or have not succesfully concluded the legals and the deal becomes binding (which gives CIZ US$2.3M dollars as a minimum) or if the deal did not conclude.

Holdings RNS Sept 2022 had Miller holding nearly 4.73% being just shy of 15Million shares

Todays Holding RNS has him holding nearly 4.25% holding just shy of 17Million shares

As below

2022 RNS Resulting situation on the date on which threshold was crossed or reached

Percent 4.73

Shares 14858844

Resulting situation on the date on which threshold was crossed or reached

Percent 4.25

Shares 16858844

So 2 Million share increase

Mighty oak trees grow from humble beginnings

My last business was bought out by a business, there were a few businesses interested at the time and the successful company was worth £1.5Billion.

The company they bought had a turnover of circa £25million. The Directors and senior leadership team all signed an NDA so we would not slip up and name the company(s) who were looking to take us over.

The buy out deal was codenamed Project Oxford to avoid slipping up breaching the NDA’s.

Perhaps there’s something similar that Ciz have signed up to (not necessarily a buy out) where they can’t chat about it due to an NDA

I agree it would be extremely disapointing if the next RNS was regurgitating the same as previous news releases

They have had a few years at it now since coming to market so as Neil says we should be close to something! Either a sries of RNS updates or some significant news.

We are not on the AIM, Ciz is on the main market

Yes all good thanks, been lurking as always and patiently awaiting positive news as we all have

For those that like to keep tabs on the buys and sells and the accuracy of them being reported, the 300k showing as a sell is my buy.

I was about to post the same message Neil, it was all baked into the legal agreements of the PUT option and now it is down to us to draw funds down from our Conduit shares as and when required based on when we need them instead of having a placing to raise funds. win/win

The option which has been exercised, when settled, will allow CIZ to sell any number of shares when they want. If the CDT price is a little low or a little high it still gives a large chunk of change to progress through to commercialisation without the need for fund raising via a placing so great news for us shareholders. This was always a nice bonus for the business and not about our product.

A very positive update

Alan has done another interview on Directors Talk early this morning about the Bio-Techne RNS

Thanks Neil and yes I agree the Murph/Conduit merger and put option gives us a bonus with even more short term security against any requirement to fund raise but there will be more revenue opportunities to come.

With the feasibility being successful as stated in the RNS this could mean the exciting times ahead are a step closer.

They should have an additional £3.25Million that can be tapped into as required pending the Murphy Canyon/Conduit merger vote tomorrow.

I agree I think the only reason they previously raised is the Murph/Conduit merger got delayed a little. With this all falling into place next month then Ciz will have a tap of funding that they can turn on and off to suit their next development steps which will take us to commercialisation.

I think we are sort of saying the same thing essentially we have to PUT and then we can get the cash via sale of the shares if we don’t put they could CALL (or not) either way when done there’s a cash pot available from the subsequent share sale and personally I’d rather have that in the bank for the costs associated with finalising testing and commercialisation

Basically the way the transaction works is that there is usually a PUT and CALL agreement. We as holders of shares in Conduit have the right to PUT our shares up for purchase. Conduit will have an option to CALL the shares and purchase them back if we don’t PUT them up for purchase. Usually both are to a defined timeline.

In our case if we exercise our option and have have PUT our shares up to be purchased back by Conduit. As soon as the deal is done we will receive the cash which is the £3.25million.

If we don’t PUT them up and keep hold in hope that they may be worth more in the future Conduit may CALL them in and purchase them anyway for whatever they are worth at the time.

If I were on the board of CIZ I’d exercise the PUT and pocket the £3.25M and we are sorted for funds which will see us well into commercialisation and revenue generation without a requirement to fund raise.

No Brainer really

Rubber stamps our cash position and de risks future capital raises for Ciz. With nearly half the current Ciz MCap of £3.25Million available to us as additional funds, this is hugely positive for the final steps to conclude our commercial trials and take our product to Market.

Could not be any clearer in that short interview.

Proof of Concept and research done

Trials on Proof of Concept and research done

MAB's done

Commercial Test Platform for the Lab Developed Tests ACHIEVED

Scaling up under way to allow Commercial Testing of the LDT platform and results to be done

Scaling up will also then allow our partners to penetrate the market and gain revenues.

Sounds like we are not very far away now provided the results of the commercial LDT give a similar accuracy as the research testing results

And well funded

I think that is a very positive position for us and if the commercial test is anywhere near the accuracy of the research tests that would be massive, especially given the inaccuracies and false positives of competition products.

Sounds like they have cracked it, the key was development of the MAB’s which unlocks the next stage of development and they are saying they have done this.

They say this key milestone has been met and as such they are now engaged in the design stage for clinical trials.

And they also mention that this is being applied to a new high throughput immunoassay platform

All very positive me thinks

I agree CT Scans are just one aspect to early detection and sadly Lung Cancer and other forms of cancer are not going to be cured overnight with this early detection. There is a huge market for CIZ amongst other players in the field. Also the sentence below within the article is interesting. What other announcements are they planning to make we have had Grail, now CT scans there may also be one for us?

The rollout of lung screening is expected to form part of a series of announcements this year to improve early diagnosis of cancer.