RE: SP Positive News - When ?1 Dec 2020 19:01
I think the SCLP bod would be more keen than any of us to put positive news asap and I guess it would be forthcoming in the next few weeks and before the the new year...
Also it seems the market is expecting news soon as it seems reluctant to drag the sp further down further than 11.50p...,trading volume is minuscule in anticipation too for volatility and likely spike.
Also as C7 posted Redmile and Vulpes..and more directors buyings in big proportion ,then scaling down the well oversubscribed offer at 13p and the interests of Redmile near 30% in shares fighting for the success in passing the crucial resolutions to raise big cash for a small company like SCLP rushing through.... is in no way of not knowing the good news is there and coming very soon. They cannot afford to wait long time like 6-12 months to realise big profits out of their contributions..
Here is quote from the RNS 29/10/2020..” The Board believes that a strengthened balance sheet affords the ability to extract maximum value from this expanded development pipeline by advancing several lead programmes to the clinic in parallel. To achieve this the Company needs to expand its development and clinical operations capabilities to meet time critical milestones. Further, as outlined in the Capital Raise Announcement and the Circular, the additional capital from the issue of the New Convertible Loan Notes will provide the Company with greater flexibility regarding the execution of its development plans to ensure both optimal development and commercialisation strategies can be pursued and to limit the potential impact on the Company of economic pressures caused by COVID-19.”
Hence I was in a hurry to shift from other shares to SCLP and accumulate...after seeing the share gone down below 13p ,nearly buy 2 and get the third share half price!
Very confident of impending good news when considering all above together..
GL