Member Info for ForFXSake

Looks like the dumping has commenced

As I said AJ, it's not personal. I don't really know anything about him or his style. Time will tell, I suppose.

I also wasn't referring to delayed buying. It was about why the commencement of commentary was delayed until after the EGM when it has already been made public that he wants in. Why not commence immediately?

It's not about Myles really, to me it's more about what kind of influential investors the board are willing to 'get into bed with', for want of a better metaphor. Are these people true backers or will they sell at the first opportunity.

I want to know that the change of board is truly a change of management style.

Apologies in advance Filter, I'm not having a pop at you and this Myles guy may well be an OK bloke. It's not personal, it's just that I have trouble with statements like:

"he's going to start commenting on NFX after GM resolutions passed"

They make me suspicious . If he really believes in NFX so strongly then why wait until the resolutions are passed, why not start now? He's already announced to his flock that he's on board. If the resolutions aren't passed then the price is likely to be around 2p or less. Will he still be buying a considerable chunk in that case?

I think I'd feel a bit more positive if I learned that an investor like Vulpes Life Sciences had decided to take a stake rather than a collection of Twitter influencers who tend to move their affections around alot. We want someone who really believes in the companies that they invest in and who sticks with them through thick and thin.

I guess beggars can't be choosers though.

Thanks OSS.

My ISA is Halifax. I can see the corporate actions menu but haven't had any notifications for a couple of years now. I couldn't find any configurable option on the menu so contacted them through online chat. It seems that I should have been receiving them but (for some unknown reason) have not. It also appears that the account is correctly configured to receive them.

They have raised an IT request to look into it, I'll have to wait until they get back to me now.

If anyone else is experiencing a similar issue then I suggest you contact your provider and ask about it.

I'm in the same situation with my ISA. Its just another convenient way for the establishment to erode the powers of retail shareholders.

I'm not 100% certain but I hink that, with pooled nominee accounts, you no longer have the right vote.

There's nothing like a faithful flock to help keep the church roof fund overflowing

I'm not sure all those who sold out in doubt at the news of the placing would agree.

Perhaps if we'd had some transparency as to who was coming on board at that time, it might have helped decision making

Nah. I don't particularly agree with that. Especially after being punished over the last 12 months as a result of behaviour that I can only assume is either complete incompetence or utter self-serving.

I'd like to see that sort of thing consigned to the past.

So this guy has got himself some of the discounted share action, watched it drop to 2p and then announced to his flock that he's 'in. Nice boost.

Looks like they're all diving in now and he'll be in profit if and when the placing goes through.

The real tell is how long he'll stay in once he gets his shares.

True

By stating that they think it is 'nolonger material', they are very much saying that they don't expect any more business from that source. That doesn't mean to say that the relationship can not change unexpectedly but it is confirmation that they feel pretty sure about the situation based on what they know now.

I suppose one answer my own question might be that, if they really thought a deal was in the bag with Oxilio and if they thought the upfront payment was going to be more than 1.5m then why seek funding now instead of after the good news was released and the sp has risen a bit

Clutching at straws here but back in 2019 we saw the price rise in May based on what appeared to be a mixture of NXP001 results and a 500k milestone payment from NSB.

Allenby reckon that the sp could be worth around 9p in 12-18 months time given that they will be Phase 1 ready but I'm wondering what (if any) upside could come from a deal with Oxilio. Does anyone know what kind of upfront payment could be regarded as 'substantial' for a deal with a small company like Oxilio, where the total annual royalties on eventual sales are capped at £2m per annum and could such an upfront payment cause a similar price stimulus again?

How much of the rise back then was driven by NXP001 and/or the fact that NSB were part of a larger group. How much of it was influenced by other news at the time such as the Ebers deal? This was all before the Times leak so I'm assuming that was not a factor.

It would be interesting to know views on this.

I think many of us are in the same boat as you SSM. You are not alone.

Only they ripped the tree up by the roots to shake it this time!

The only positives I can find from this are:

1. They must feel confident about the deal with Oxilio. Its the only thing I can think of that would attract new investors without having to come cap in hand to us again. They will expect an immediate profit on the news and will probably dump soon after.

2. If we do survive then might finally have a CEO who doesn't b*ll**** us.

Other than that, I think it will be a long haul

Yes, I remember now. Thanks Soup.

Storm,

"Once the business is secured then the matter can, if necessary, be revisited."

Yes, I agree with that statement.

I'm very intrigued by the disappearance of Ebers from our list of clients.

SoupDragon, I may be wrong but I seem to remember you saying that Ebers were wholly dependent on NFX cocrystal technology for their business. Is that the case and do you know if that has changed? We know that DT became associated with Ebers after he left. I'm assuming that was perhaps in an advisory capacity because of his know-how. Have they managed to replace the NFX technology with something else?

Is it possible that the decision to discontinue this relationship is something that Anne has decided? Kelley Ventures is to acquire Ebers Tech via a reverse takeover. If Ebers are reliant on NFX technology then would this not be affected if the links with NFX are cut?

Well, this news is a massive blow, to say the least.

I invested here because we were constantly told that a deal was just around the corner and because cocrystals supposedly reduced the time to market by eliminating the need for lengthy trials on account of the fact that they didn't break the previous data. We had Ebers, NXP001 and NXP002 deal irons in the fair. Surely at least one thing stood a good chance of succeeding. Ebers and NXP001 appeared to be in the bag.

Now here we are, 12 months later with nothing to show for it. Everything has turned to ashes. NXP002 Asian deal appears to have been lost (if it was ever there). Ebers £51m deal..gone. Chinese NXP001 £2.5m payday..gone. BoD..gone.

Over the last 12 months we have been told that things were either still on track or were even more promising because of opportunities afforded by the pandemic. We had no inkling of any trouble at Ebers apart from the fact that no news was coming out. In the meantime, persistent selling by influential shareholders continued. There was even selling last week before this news hit us. Excellent timing!

Vistagen and Oxilio came in last year but Vistagen has already been written off, which leaves us with only Oxilio left.

The new funding has been oversubscribed (which some might think is a good thing) but why, given what we know? The only reason I can think of is that a discounted 2p investment will quickly turn into 3 or 4p if Oxilio sign on the dotted line by 23rd March. If they don't, then come 29th March, will those investors still be as keen and are they fully committed without any ability to withdraw? I'd like to know how many (if any) are already influential shareholders. If most of the funding is coming from them then can't they simply vote it down on the 29th March once they know Oxilio's decision? If that is so then will they not have simply acquired a discounted holding with zero risk?

If it got voted down then it might be end of the road for us but I feel certain that there will still be someone hanging around in the shadows ready to snap up the valuable/promising bits for a hefty future profit.

If there is one thing I would really like to see now then it some interest by the FCA into the activities of this company over the last 12-18 months. Just to know that there is still some sort of regulation over the market that protects investors and ensures that this kind of thing can only arise only from incompetence and nothing else.