The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Nice rise so far. News?
We are valued 12 million and have been upto 40 million with the wind in our sales and hopes with Eli. 40 million today would be 7-8 with the shares in issue. It would have to be something big to push us up there. The trouble is further dilution will bring down those figures.
The trouble is unless we get agreements/collaberation with other pharma to take our products forward then we will need lots of funding surely. Hemo is not going to be able to get its products to market unless it sells them. 12 million would not cover the developement to phase 3. I don't think we will go bust but may end up in other \pharmas hands at a fraction of the price.
The trouble is people are to scared to put in more fearing further dilution. We need solid news on what the money is being spent on with firm timelines and outcomes. An alternative finance plan altough I would think that is doubtful and new interest and volume.
I feel we are cuurently being valued at our cash value not taking into count our potential products so I suppose as more shares are issued the price will fall to reflect the 12,000,000 to the shares in circulation. If Hemo repay Mint with the costs incurred I wonder if we could be valued at even less unless more financing is available. I don't see how we can move forward at the moment while these doubts persist.
Nothing has really changed other than our product doesn't make much difference to people who are not that poorly. The same could be said of Paracetamol if you got a minor temperature you don't really notice the benefit but if you are 39degrees plus you do. At least as I am sure people have said the results shows your target patient. We have drugs for all sorts of conditions that are not in the home but emergency setting so we will just fall into that catagory I am sure. Thats not to say now it has been shown to be able to be administered safely in the comunity that trratment couldn't be started in hospital or by a health care professional and continued in the home setting thus freeing up Hospital places and reducing further transmission risks. The Hospitals have got big catch ups to make on many other medical and surgical problems now Covid is more controlled.