From director of IR, Pete âthe pumpâ SekhonToday 15:54
âJust a personal note from me following todayâs news. Weâre all heartbroken that the deal has fallen through. I feel it as just as much if not more than anyone involved, especially knowing what it meant for each of us after such a long, hard-fought effort to rebuild this brand and business.
As for the deal, itâs incredibly tough to watch something youâve poured everything into unravel at the eleventh hour. Every weekend of calls, every meeting, every ounce of energy... gone. As the RNS said, this was the result of months of complex negotiations. Please know that from our side, every possible step was taken to make it happen. We came as close as anyone could have to what would have been an historic milestone for Valereum.
But again, weâre not out, we are regrouping. Weâre determined to shape something new out of this that still achieves what we set out to do.
Itâs been an incredible difficult 24 hours, we are not hiding or not confronting this challenge, we turned it around once before and will do so again...We all wanted this to happen and work and were led to believe it was happening.
Iâm sorry I canât really say much more but if anyone thinks I take any pleasure from this well you donât know me, I have put everything into this and will always continue to do so.
I will always believe in Valereum and a way forward.â
âJust to be clear we were expecting funds by 5pm EST last night and mid morning it became apparent that wasn't the case and we collectively worked on messaging and a news release whilst trying to understand the situation.â