RE: Twitter #NFX1 Apr 2021 10:34
Soup, don't disappear just because someone moans about what we have to say. This a public BB. We are entitled to discuss and inform others so long as it is based on fact.
Most of us came in because we were told that the products were either in strong early stages of licensing or were so good that they beat current standard of care and were of such interest that partners were willing to continue discussions about licensing for well over a year!
In the course of the last year we have seen one early deal collapse into default, the implosion of the BoD (for reasons still unclear) and we have just learnt that the lucrative Ebers deal is no longer material AND that NXP002 and NXP004 now require further testing over a period of 6-12 months in order to attract potential licensees.
We're not making this up and we're not making it happen. The people responsible for running the company are. All we are doing is discussing the situation and asking ourselves the question "Has anything really changed in the way this company is being run and does it have a future?".
I think it is fair to say that, so far, all the new BoD has done is to deliver the bad news that we all suspected was coming (but many argued blindly wasn't). They have been bold enough to wipe the slate clean, which is a good thing. However, they have also raised money by selling discounted shares which are more likely to appeal to quick-buck chancers than to dedicated investors who believe in the company. In my opinion it is the short term chancers who have helped to drive away true investors because they propagate a cycle of false dawns which people eventually see as an opportunity to get out, rather than get in. The result? The price gradually spirals down.
It may be that the placing was a necessary evil in order to buy the time required to make our primary products licensable. We won't know that for a while though.
Oxilio, on the other hand, is a near term opportunity for the BoD to show that they can also add value for those shareholders who do commit for the long haul. This has to be transparent though. We need to know the figures involved otherwise it has no tangible value and will not add any value at all except, of course, for the usual P&D merchants who will use any news drop to entice the unwitting in so that they can get out for their 10%.
Going back to my original point, the information you post here is balanced and informative and appreciated by many of those LTH's who want to believe in this company. Who cares what the chancers think?
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