Member Info for ForFXSake

You beat me to it Soup :0)

Is it possible that Anne took the decision that Ebers is not strategically aligned with the direction in which she wants to take the company? In other words, it is a distraction from the main focus of IPF and oncology products. Ebers hasn't exactly proved to be the lucrative relationship
that it was promised to be so far.

Is the combined release of the patent details controlled by Ebers or is it just coincidental and governed by the patent office? Is there some element of gameplay here, designed to contradict the new team to and perhaps split shareholder consensus on future strategy?

Just musings.

Yeah, all feels a bit like dolly leaving pram

If the company has stated that the relationship is no longer material then I can't imagine they are going to use it. I wonder if someone has poisoned the water hole.

Apologies re: last post, I meant phase 1 not phase 3

I hope so Hale. My point is that the fundraising was to cover all eventualities. With an Oxilio deal more likely then it only serves to boost the balance and make the company stronger. Ok, there will be 15% dilution but if we get the Innovate grant then that only improves the situation.

The extra money might help to speed up the work needed to get NXP002 to phase 3 readiness. It will also strengthen our position for negotiations with other potential partners, not just Oxilio.

The company is likely to attract quality partners more easily if they can see that it is not about to go under.

Oxilio may have exercised their option but there is no money in the bank yet and no guarantee that the negotiations will be successful. That is why the placing must go ahead.

I originally thought that by exercising the option, Oxilio were agreeing to contractual terms and paying a set sum but this does not appear to be the case as it is still being negotiated. It can, therefore, still fail.

Hopefully that will not be the case but that process could still take weeks to finalise. I'm not even sure if Oxilio have successfully completed their fundraising yet (although you would hope so at this point). I'm also not sure if there are further milestones involved and if/when they will be disclosed. I do doubt that the undisclosed upfront payment will be huge though, given the size of Oxilio.

Royalties are too far off to be considered relevant at present.

35m volume on Friday, 9m in the first half hour today. I think alot of the influenced twitter/telegram sheep are now exiting. However, the bid is still at 2.9p.

Afternoon may see some strength return. If we can finish at 3p then I think it will still be a good day considering we were at 2p a week or so ago.

Remember, we still have the Innovate result to come. If it comes off then that will be further validation plus a guaranteed cash injection. Could have a bigger impact than todays RNS.

"MCap just £16m. £2m per year for how long?"

As long it makes money, I would imagine...and it's still a big if. Today's news is not so much about the numbers as it is proof that the technology is further validated and the new team are able progress things.

The people who sign off the Innovate grants may now also feel that the money is going to a company that appears to have a some kind of future and is less likely to be wasted.

We still appear to have a bit of a leaky ship. The Friday spike was nice but I am half expecting a pull back today, maybe just early doors.

Happy either way as I managed to offload some at profit on Friday. Was feeling a little over exposed after we kissed 2p. If it pulls back then I might jump back in to help offset the coming dilution at the end of the month, if not then it's still happy days.

Enjoy!

Well done to NFX.

Certainly strengthens us following a period of massive uncertainty. I hope the undisclosed upfront payment will at least make up for the NSB default. However, this is a big coup for the new team and hopefully draws a line under the period of uncertainty that we have had to endure.

I hope the negotiations can now be completed quickly.

Soup, if they take up the option then I'm assuming that is a contractual commitment to pay the 'significant' upfront payment. They must already have a good idea of what NFX want and be prepared to accept it otherwise do they not risk losing the upfront payment if negotiations fail?

If they are not bound to terms by taking up the option then what is the point of the deadline?

I appreciate that point of view.

Right now, given what we know, all I really want is to get my money back too. If we get to that point and it still feels like a lottery then I will probably cash my chips in and FO feeling luckier for being able to do so.

I watch with interest to see who the new investors are.

I have to admit, I understand Mustard's logic about no deal materialising until the absolute deadline. You'd be forgiven for thinking that the late our was more negative than positive. Anyone would think that they'd have wanted to tie it up ASAP before that deadline, to avoid any last minute hitches.

That said, I suppose Oxilio are the only one's in control of that. Yesterday's volume and the lack of a speeding ticket kind of suggests that the spike may not be baseless. I guess we'll find out next week.

If a deal does drop then I guess there are alot of perceptive and intuitive investors out there.

Must have been just pure coincidence that they sold big chunks just prior to the placing RNS coming out. I wish I was that lucky.

Well if they get both the placing and a decent deal then money should no longer be an issue for the foreseeable.

A more stable position may be more attractive to any prospective partners out there. It's certainly firmer ground to negotiate from.

Don't count your chickens though. Let's see what next week brings.

Problem is, where it's leaked there is usually a tendency to sell on the news.

Let's hope it is strong enough to keep pushing up

I bet IG are sh*tting themselves, they only had a week to before they force-close all open positions.

Tee hee!

How long normally before they would issue a speeding ticket?

Looks like the dumping has commenced