Update ...18 Jun 2026 16:31
I texted Arron earlier regarding the doom and gloom I'm perceiving and it's impact on my share holdings. He kindly sent me the following....
Hi Fred, thanks for the message. Things are good here. As you will know, I can't go into specifics outside of our formal RNS announcements. Happy to give you some context though.
We are, as always, actively working through our pipeline with partners across discovery, diagnostics and therapeutics. As we have said before, these contracts can take time. We make them 'take longer' because we insist on protecting our IP position and securing downstream licensing rights.
I appreciate that is frustrating watching from the outside, but, the choice we face is essentially: sign quickly with no IP protections or negotiate and take more time (and sign something with both long and short term value). The downside to this is sometimes can result in RNS delays in the short term.
We've also been investing in the team using the funds, new robots installed and working etc, Also invested in the commercial team and our early-stage AI initiative, which is progressing and we'll update on that formally when the time is right. Lab team are working hard on year end.
On cash, we're exactly where we said we'd be in our recent fundraise announcements. No surprises.
Point taken on communication but I hope the above puts that into context.
Best Wishes
Arron
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Personally, I read Arrons words as a positive.... Sincerely Fred