Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Tunnel vision. A classic AIM trap.
They've mentioned "interested parties" which they are trying to lead investors to think that no fundraising is required. The "interested parties" will need proof that MED3000 works before investing their money into a "placebo" going through an FDA small trial.
They wont go bust yet. They will raise the funds then the FDA will reject MED3000. Once again 60% is not sufficient. Both this and MED2005 FAILED in the trials.
I see the rampers are getting nasty. Cant face the fundraise or dilution. In it far too deep. Oh dear.
Ody: Its because a lot of investors have bought in at a higher price and are trapped. You have assessed the risks, understood that a fundraise is imminent and will dilute the shares. Thats good risk managenent as you are limiting your downside. Good luck to you.
I think it annoys folks Ody that you will buy at a cheaper price after the fundraise and possibly make some money on your investment. Good luck to you.
At last somebody who talks sense. Excellent posts Hawkhead. There will definately be a fundraise in the next 3 months. No company is going to buy into a risky investment when the company don't have the stats to back up the product. FUM will be forced to take those risks and prove the product works before any partner will buy in. FACT
Ody, spot on analysis and refreshing to hear the risk/reward factor you highlight when making your investment decisions. Thanks for your post on 5th Oct too. Best of luck bud.
8p I believe Vol. Think Ody can get in at 9p. Im sure he will manage his risk appropriately.
Very close now Ody.. Think you could get these for 9p.
Buc: Its fact that the company will need to raise funds for a small trial that the FDA has requested. Thats not deramping! Ody is looking at buying but at the right price, he doesn't want to lose a lot of money again. He is purely trying to judge the "best time" to buy the share with minimum risk. A good approach in my eyes.
Ody is so close to his price target. This is bound to hit 12p before the fundraising is announced.
The cash they have won't cover the costs of a small trial required by the FDA.
Ody. Its getting nearer to your 12p buy in price. It will certainly will get there when the fundraising is announced.
Mid November Ody when I think it will hit your target. Progressive sell off then the dip down to 12p once the fundraising is announced at the end of october. I think you could make a good trading profit when it bounces back.
Hilarious BE! Even their own don't know whats going off. No timelines in regards to EU reg process and still no idea of funding costs for FDA trial. Ody: Await your target price of 12p. Not long now.
Ody: You're acting sensibly with awaiting the announcement of the fundraising before you look at investing. I would do the same in your shoes. Unfortunately you will get attacked on the board as some folks have bought in too high and are desperate to average down on the price. LT who knows? Good luck to you.
Accepted and respected
No its not direct at you. Its directed at bucolic.
The Italian: There are folks on this board who expect the SP to rise into the 20s upon the results, that's just plain fantasy. Ody has made a prediction and has put an opinion forward like everybody else, some don't agree with what he's put which is fine but some on here get rather personal about it.