Maths post made sense that they are still getting the shares at 0.095p just under the placing price on the lowest 15 day VWAP so they are actually making some decent returns, would not be at all surprised if they are giving the SP a bit of a nudge.... Thank F**k they will be cleared for good soon.
Makes sense Maths so based on todays volume they have most likely also started forward selling Thursdays 3m so a mil a day + will clear RF away in a matter of days....Bod still have the option to clear them sooner if needed ÂŁ300k ish Friday after hrs RNS that would setup a run up to news...
Johnson & Johnson has been making some huge acquisitions lately and the Brunswick, NJ-based company’s passion for deals doesn’t look like it’s going to stop.
It's important for me to underline that with the strength of our cash flow and our balance sheet, we have significant flexibility to consider multiple types of transactions.
https://www.mddionline.com/ma/is-more-m-a-in-j-j-s-future-
Agree with that Luton The Edison report from last year sums it for me “We see the initiation of the Phase I study as a key catalyst for a potential re-rating” at the time the SP was 87.5p rising to 149.00p then the RF Fiasco which has completely decimated the SP since regardless of any positive RNS’s; 3 patents granted, SRA737 on-licensed and good progress of SDC-1801 through P1a. There is a huge disconnect in the current SP / MK Cap
It’s healthy to churn and burn shares; someone’s soaking them up....and plenty of transformative news due:
- RF Cleared
- P1a trail complete preliminary data
- SRA737 Licensee reveals
- P1 Full Data
- 2a non dilutive funding
- US 1801 Patent
- SRA737 Combination Trial
- License Deal
- Sareum T/O
What you won’t find right now is a TYK2 or CHK1 sat idly on a shelf both are hot assets right now clocks ticking DYOR / GLA
With only circa 640k outstanding for the first time the Bod now have some control over RF and can settle in full if required, I still think someone is taking x forward sold shares from RF. Could have one hell of a run on news if its timed to start with RF cleared....GLA