Member Info for graham-wales

Investment.

please do not respond to any of my posts in future, i read what you wrote and have taken a screenshot of it.

Cash, cash equivalents and money held on deposits at the half year-end was £24.1m (2014: £8.2m). At the period end, a total of £15.0m (2014: £nil) has been placed on deposit across different banks, all with strong credit ratings. The maturity profiles of these deposits range from nine to 12 months. The Company raised gross proceeds of £20.0m from a placing of new ordinary shares at a price of 10 pence per share in June 2015 to certain existing and new institutional shareholders. Issue costs associated with the placing were £0.56m. The additional funds enable the Company to proceed along its clinical pathway with confidence and also allows the expansion of the pipeline. Cash management and tight cost control continue to be a priority for the business and the additional funds raised will not change this mentality

One more thing they had £24 million at the end of June not £20 million unless you think they have spent £4 million in less than 6 months.

and when you say no offence why make the comment at the bottom (no pun intended) ********.

In fact i based it on the accounts roughly £4 million loss per annum. Where did you get your figures from?.

6% cant get much better for your £

Sufficient for at least the next 5 years even without any income. Good long term investment here.

Admission of the New Shares to AIM is expected to commence at 8.00 a.m. on 24 November 2015. This will drop up until then.

ii's never rush into a share on news only pi's do that. Watch over the coming weeks.

Confusing post. So are you saying you have sold?

Reckon we will see some big delayed buys later or in morning.

Starting to sink in now, if it's one of the big pharmaceutical companies then there's no guessing where this could end up. Still a good price and well under the recent placing. Richard Griffiths is no mug.

Starting to come on now.

I'm hoping it was ADA they have £800k to invest and same directors.

I like this best global pharmaceutical companies

The Company has initiated contact with a number of large, global pharmaceutical companies with strategic interest in the ibuprofen market and is at an advanced stage of preparing information to proceed to the commercialisation phase with the OXPzeroTM Ibuprofen asset.

Rather than traders imo. Placing done at 10p knew what they were doing

Great news guys

Still have it on my watchlist, but not sure where they are going at the moment. getting the rest of REDT was a good move but cash may be a problem in future unless they get more orders.