Ridiculous statement from Wress as usual. Cash is not being burnt it is being used for R&D and in fact being carefully managed. Almost £7m in the bank at the end of June.
Good increase in sales from a low base but the potential here is fantastic. Assets worth more than market cap and commentary very positive. Let’s hope the value is spotted more widely.
Those taking 1.52 and 1.55 will feel robbed come Monday morning. Results themselves probably won’t be anything to write home about but a positive outlook/ biopharma news could mean a very good day.
Not as long as that Mozax! 6 hours today and 4 days next week. I for one am holding tight. All RNS’s have been positive and there were encouraging hints in the AGM statement.
No, and since July buys have vastly outnumbered sells ( many trades have been misreported as sells when they are buys too). Unfortunately it’s difficult to get a true picture though when trades are unreported on here and there could have been a large sell on the NEX exchange this morning. If anyone can find a link to trade data on there I would appreciate it.
The way I see it, this does seem a bargain when £5.5m was raised recently for future investment/ development. I think the value of the company was over £3m before the placing so that value has been almost entirely discounted in the share price.
Distribution agreements RNS’d in March, April, May and June. The ‘big one ‘ MoneyMunch talks about wasn’t so long before. Over half the shares were recently purchased at 2p so on the face of it this looks a bargain to me too.
PM44, It is normal for this stock for some reason. I’ve bought about 5 times and only 1 has shown up. The others went through on the nex exchange. Yours will have too. Good luck, let’s hope for more good news soon.
RE: did i just get gifted some shares?17 Jul 2018 23:11
The two sells amounting to 546,000 odd shares were bought on the 9th. Someone obviously lost patience or set a couple of stop losses.
Probably nothing for us holding to worry about. In fact things looking good despite today’s unjustified drop.