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Ivy Sheltie Ian B Would you buy more at these prices? I know you are not share advisors but would be good to know! Thanks Hemo
If the share price rises above 18p for a sustained period we may not need to seek external funds because TF could provide the money by exercising the warrants they have at 11p, which would give us the £4m that will see us through FY2020. This deal is fantastic news on every level and means the Board can focus now on growing the business. Only issues I can see now are a superior product or a new technology that will replace NIPT but I think that is some way off. Great news for all LTHs, let’s hope we see the next leg up in the share price soon.
What did they spend $2.3m between 32/12/18 and today? That is an awful lot of money when nothing much is going on as they awaited the FDA decision? They should be able to bring cash burn right down so we have at least 3 months. Hercules has no security over our IP.
Investor presentation says no clinically significant differences between Iclaprim and vancomycin in raised liver enzymes so they must have a lot of data on liver toxicity?
But why did we not include enough data on that in the first place?
Hope must be we just have to repackage the data rather than undergo further clinical trials to give the FDA the additional information they need.
Everything hinges on this but I still can’t bring myself to average down yet.
Does anyone know when the loan is due for repayment?
We need further clarification from the Board urgently.
Interesting we could meet the FDA in 30-45 days because it seems to have taken 4 months for Antares, which is encouraging.
If we resubmit and it’s a class 1 resubmission they have to respond within 2 months so I guess the question will be how and when we can provide the additional data and whether it’s a class 1 or class 2 resubmission.
What are the traders’ advice on how to play this one in the short term?!!
Ivy and all I am feeling really optimistic about this but the one nagging doubt I have is why have the directors not bought more shares? I think the last director share purchase was back in 2015? Why have they not been buying shares? I presume they have lots of options but that does not give anywhere near the same confidence as investing their own cash. GLA this week.
When on earth are we going to get some news ffs!!!
Trellis and I spoke this morning and we wanted to update you.
We agreed that we need 5% to move this forward with teeth, so please put the message out there or join if you haven't already. The response so far has been excellent after only a week, with many, many shareholders responding and we are currently at 4% but that additional 1% will make all the difference.
Trellis and I are happy to move this forward as long as everyone else is happy with that as well.
Trellis will be contacting everyone next week and is going to set up a twitter account tomorrow for the action group.
Please support us and let's at least make these directors uncomfortable because they are failing, epically, and we need to hold them to account.
Trellis please set up the shareholder action group email and website as you suggest and hopefully shareholders like prickly will make formal contact and join the fight. We have some time over Xmas and New Year to gather support and then decide what to do next early in January. One thing I know is we can’t continue as we are because it will all be gone soon under this management.
Is it time for a shareholder action group before our investment sinks into oblivion? These guys are not up to the job. And it seems we will lose everything before someone else picks up the carcass and profits from it. They have their heads in the sand.
Can we have some new news please BOD? Just to confirm there is still momentum from new contracts. I guess we are unlikely to get more business in the PPA territories until we develop the new Illumina test but we must be able to get more new customers in the rest of the world?
Agreed. N*b. And for the record I wouldn’t be surprised to see a TF deal but it will be one that suits them more than us.
Yes that is what surprises me, no news of new contracts since the Illumina settlement. I thought we would be announcing a few by now. No reason not to disclose now we have settled?
What on earth is going on here? The share price is tanking in spite of reasonable, already known results and certain posters are ramping again in spite of all the evidence, repeating the same points about a TF deal that have been made ad nauseum over the last few months. Anyway we are all on the same side and want the same thing but it still seems so far away. GLA
Agreed we have had no real news since the legal settlement. A very depressing day. Great expectation, same old disappointment. We need more contracts, activity and communication but the Board seem content to let the share price languish for some reason. Need tuck it away for a year I think because there is nothing to get excited about. And I’m not surprised there has been no news on the TF loans and warrants because they are not stupid and must be feeling pretty ****ed off about the new ‘platform agnostic’ approach. Surely we should be saying ILL in the PPA territories and TF everywhere else?
Thanks for the feedback but sounds like you both bought oil from the snake oil salesman! I don’t feel reassured at all about the cash position or the chance of securing more funds and the fact remains we can’t sell Mankayan so everything hinges on this new report, which may say it will cost $1bn to mine. And to hear he wants to drill Eureka is both a distraction and an insult. We are in a very bad place.
I look forward to reports coming back from tonight but I am minded to start an action group after today’s RNS. I am happy to lead it or happy to be led! I have 5m shares. Let me know how you want to move this forward. In terms of my credentials on the positive side I am a chartered accountant and chartered director but on the negative side I am clearly a ****e investor!