Member Info for Hamilton1899

Should get some more warrants exercised and new money to the corp

$30m raised, fully funded now. Now its time for a bounce in the share price.

Siggins,

The company wrote in the 7th July rns after the last placing that the flow testing is conditional on available funding, its crystal clear. The last placing covered the drilling cost but not any possible flow test.

"On the basis of a successful appraisal well the Company would then intend to conduct a lateral completion and long term flow test subject to available capital. "

Tdaves,

They need more money for the flow test. That needs to be sorted, then the stock will continue to go up.

Not a word on how they would deal with the funding of the flow test. Which is odd given that they already stateted in earlier RNS that its not funded "On the basis of a successful appraisal well the Company would then intend to conduct a lateral completion and long term flow test subject to available capital. "

Not doing a proper Q&A was also very odd, wanted to avoid the hard questions.

Growler stake in the restructured company is increasing. Shareholder will be diluted back to the stone ages.

SRBS,

In the 7th July RNS after they made the most recent raise they wrote that the flow test ws subject to funding, which seem to mean that they need additional fund to flow test the well.

I guess the company will address this subject on todays webcast.

"On the basis of a successful appraisal well the Company would then intend to conduct a lateral completion and long term flow test subject to available capital. "

Looking forward to hear how the company will fund the flow test on tonights webcast.

Revenue decreased to £796k from £1034k

Operating loss increased to £9677k from £8303k

All the big metrics going the wrong way

Burning cash fast, need new funding very soon.

Limited progress with for major pharma deal

Speaking to NHS as we know

Key issue, need new funding very soon.

From todays RNS:

Ian Perks, Chief Executive Officer - Designate of Tullow Oil Plc, also commented today: "I am pleased to join Tullow at this pivotal time for the Company. My near term priority will be to work with Richard, the Tullow team and our stakeholders to put the Company on a long-term sustainable financial footing. We will then have an opportunity to grow the Company across Africa, leveraging our current assets and reputation on the continent of Africa to add value for our stakeholders."

They are making a point twice that he will work for the "stakeholders" in normal circumstances the CEO work for the "shareholder". This is a clear sign that the shareholders is in for a bad ride in the refinancing.

More shares, more share to be sold and more to come, +1m warrants left to be exercised.

Happy Friaday!

Stock is likely to sell-off now when the most anticiapted news has arrived.

Now the warrants exercise beings, wall of new stock to be sold

Looks like they only got peanuts for this brand. VID in deep trouble.

They said that they need new money by Q1 2026, which usually means raise in Sep/Oct. Usually they want to avoid to report the interims end of Sep without fixing the cash position as the interims will once again show how little money they have left.

Angle CEO is on the road meeting investors in London this week. I guess they are trying to find new money before they have to report interims by the end of September.

Sounds like partnership getting increasingly likely in the next months

" Entering into any partnership or other agreements in respect of its pharmaceutical products; and/or"

Plenty of selling from nowhere the last 20 min

One do really wonder why they have not updated the market for 6 weeks on this issue. The stock started to drop from 16p around 6 weeks ago. Clearly friends and family has been told about this issue.

This really stinks.