Member Info for Ghia

Mani - That bottom drawer comment 12months ago really rattled you didn’t it.

Funnily enough 12months further on the share price is where it is and my comment seems fairly accurate!

Your little panic moment a few weeks ago did make me chuckle. Are you still holding out for your egm?

Fruits - I see 3 stages.

- Get the regulators to agree on what they require
- Align our plan to the regulators
- Execute said plan *requires cash injection however that materialises.

All of the calculated moves you mention and I agree are happening points to the fact they are at phase 1. I strongly believe they are still trying to influence and align the regulators.

If step one was complete RM would be coming to market with a concrete step2.

My comment on the money is that when step 2 is clear step 3 is also clear.

There will be a financial fingerprint on the trading that will be hard to hide that’s the signal to get in or out. Think TFG fixing the end of year accounts late last year. That was very obvious if you knew what you were looking at.

Currently the share is fluctuating with day to day trading nothing is happening. If m&a was inbound no way would the price be allowed to drift during that period for the benefit of both parties.

Think about it.

Similarly no way any M&A would have happened dec/jan during SNG’s and most US BP financial year end, unless the CFO’s have a penchant for stress.

Doc.D - It’s not bad form it’s an opinion which is valid.

Just as much as the clowns that bleet RNS inbound every time SNG attend a conference. That’s their opinion.

As for the spread Dudio get a better broker and don’t deal through online transactions.

Well I'm happy to put my neck out and say no news before tax year ends and sub 8p available before news arrives.

If I'm wrong you'll all be happy but I made enough on the first wave that it doesn't matter if I miss out on seconds. There are plenty of good opportunities for solid returns on the main markets now.

Fruits - I doubt the announcement you are hoping for will come in the next 3months that’s all I’m worried about at the moment.

First sign of the funds being drawn down and I’ll be back in but until they have need for the money they haven’t settled on a route forward.

Tatty - Financing is not SNG’s problem if they had a clear route forward there would be plenty of cash coming forward to support.

They have yet to find the clear route, Brand, Tommy etc inadvertently highlighted that with their posts late Friday.

The situation is vastly different now to 1-2years ago the path SNG have to tread is vastly different.

They need to build momentum with the right partners and regulators. Regroup and go again.

First we need the regulators to settle on what their expectations are.

Then we need to design a trial for SNG to meet them.

Don’t underestimate the importance of UNIVERSAL to inform the regulators and set everything in motion.

Tommy - Actually the lowest point happened this week and I doubt it will be the lowest point in the coming months.

Tommy - The company will do whatever it needs to, if you think otherwise you are naive.

That doesn’t mean this is not investible.

Tommy - I never promised you a cheep buyout what I said was nothing would happen before February (which it didn’t), and if M&A was on the cards it would happen in February and not before.

If TFG had an underhand plan it would have played out the last few weeks, they don’t ergo my interest in remaining invested short term has evaporated.

I am now completely out, and will look to re-enter after April which I expect will give me a lower entry point to todays price.

I feel the risk is low being out for a few months and the benefits greater. Clearly you feel otherwise hence are staying in.

Vape induced popcorn lung is a significant market for SNG which will start coming to the fore in 10-15 years.

Tommy - Finally you are understanding the numbers required here it’s taken you a while.

The issue is not funding its partners. Funding has been around since before the AGM, motivation in the right circles has not materialised or aligned itself fully yet.

Tommy - Spring cleaning on the portfolio before April.

Tax benefits
Isa funding

Etc etc

I’ll take my chances on news in March. SNG might be in my portfolio in April but there are some interesting stocks out there.

Mani - Everyone knows I'm unloading at the moment i've made no secret of that.

Focusing on the cash is completely the wrong concern to have right now, there have been and will be plenty offers of cash.

What they are lacking is serious support to push this through approval it's not cash they needs it's a major player that knows how to work the system.

The lack of which is currently the biggest warning sign IMO. The hope is there are talks going on behind the scenes but these would be the most protracted talks ever at this rate.

Mani - Happy now? Cash is good for at least 12months!

"The directors have prepared financial forecasts to estimate the likely cash requirements of the Group over the period to 30 September 2023, given its stage of development and lack of recurring revenues. In preparing these financial forecasts, the directors have made certain assumptions with regards to the timing and amount of future expenditure over which they have control. The directors have taken a prudent view in preparing these forecasts and will not commit to expenditure which the Group can't meet out of existing resources.

The Group's available resources at the date of this report are sufficient to cover the Group's committed activities of interacting with platform and other investigator-led studies, designing a broad-spectrum antiviral clinical trial, engaging with pharmaceutical companies regarding collaboration/licensing opportunities for that broad indication and, if required, engaging with providers of any other type of funding (details of these activities, current operating expense levels to 30 June 2022 and working capital at 30 June 2022 can be found in the Operating and Financial Reviews). Regardless of the outcome of these activities, which are uncertain, the Group's available resources are sufficient to cover existing committed costs and the costs of these activities until at least 30 September 2023.

After due consideration of these forecasts and current cash resources, the directors consider that the Group has adequate financial resources to continue in operational existence for the foreseeable future (being a period of at least twelve months from the date of this report) and, for this reason, the financial statements have been prepared on a going concern basis."

Mani - Wigster beat me to it but the debate has already been had and the cash runway discussed at great lengths.

Scratching around they are not.

Mani - Have you thought of selling? You may be happier for it.

Mani - I think it’s your understanding of what you are reading in the stated accounts that is wrong.

They’ve published the 12month forecast and have stated they have cash to see out the next 4 quarters.

No where does it say in Q1 next year they run out of cash.

They’ve given the 12month outlook and told the market that operations can continue as planned including spending to progress route to approval.

Prof - I’m unwinding all week so sorry you won’t find me a taker for your shares.

But the BS about cash is too much. Yes they need funding for a trial but they could exist for several years in the current state quite easily. The Jansen deal is supporting some of their wage bill there are likely many more projects that would do the same.

Professional- This is the type of atmosphere you relish it’s easy pickings to play the wind up.

Expecting irregular cash updates it’s a bit far fetched they reported in line with market rules if they haven’t released a statement otherwise it means that the situation has not deviated from the official statement.