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Hi Teamhanz, an upfront payment of 4-10m will not cover the phase III trial as the board have indicated the cost will be circa 20m. I can’t see the bod wanting a partner which can’t guarantee the progress of the drug fully through the trial. I think the milestone payments is where the real ambiguity over amount is. Although I may be wrong, time will tell!
Hi flipsome, I was just noting adambrownb was negative. Was just reinforcing trickymatters point that people change stance rather than me offering an opinion on whether people’s stance should or shouldn’t be positive/negative
He used to be extremely negative on LSE, don’t believe his LSE account even exists anymore. He’s rather positive on twitter these days though. Can’t say for sure the two accounts are even linked though as their is nothing stopping the name being used on other sites
I think the circumstances are different to others. Historically they’ve asked for cash because it has been immediately required to keep the company going. I’m not saying there won’t be a placing at some stage but George Morris did mention that the company has cash for now and that this was required for negotiations at this point in time
I get that a video is different but I don’t think they (or most other companies for that matter) would ever issue an additional rns simply to just appease shareholder concerns over the intention of a action. I may be wrong but I think what we got was probably the best we were ever going to get out of the BoD
Hi Valju, you could argue that the BoD May have issued the video with GM due to shareholder concern on the 2 items to be voted on. I know a few contacted Tarquin/BoD asking for more information or comfort. In the video he certainly addresses the matter. May have simply been a coincidence of timing also. Thanks Geecee
Agreed that it was a fantastic video that provides good detail. George again came across very well. As he said in the video the val401 report should be done with the regulator within the next week and a bit so hopefully we will have the document shortly!