RE: Morning all10 Jul 2025 19:40
Yes all good
Pumpky your comment “jollies” was read from these BBs , saw the funny side but reminder there are not being paid until a deal is completed , so clearly not on one’s jollies 😆 in their interest to complete ASAP
Ajan did the deals so he’s the only one on the trips to Dubai
Still in an open period , again comments from these boards were mentioned and confirmed what I and others stated , as the market is aware they can buy until deal changes/closes (info that’s not in the public domain)
so wouldn’t be surprised to see more director buys , common sense suggests we will if this is the only opportunity to average down like SW did with his 2.4m buy
Pleadias - reading between the lines , extension is just purely to let them close their financing , once the final number known , the finer details to ROQ can be agreed
Cash/equity ratio
So if they raised say $40m and our deal is $10.8 , I’d expect them to offer more cash and lesser equity , as why would you give away more equity on ph3/2 assets if you didn’t have to , remember our asset will be less advanced , pre clinical
Nations trust - $12m - my take - finer details being concluded hence no update so far, due to not binding they don’t need to update as per 30th June deadline , expect once agreed RNS to confirm SPA/binding before completion RNS
My opinion- very confident both will complete
“why would chairman buy 2.4m if they didn’t expect the deals to close “
My prediction
Director purchase RNS
Nation trust RNS binding
Nation trust RNS completion
Pleadias RNS completion