Member Info for Jelenko

Can't see any mention of Parsortix guys, where is it?

Where?

FDA have a deadline to respond to the application for a deNovo device it is 180days so that's 6months. Every time the FDA asks a question the clock stops and is restarted once answered. AGL have done their best to avoid any further questions and subsequent clock stopping by previously making an FDA "Q" submission which gave the FDA the opportunity to ask questions before the final application is submitted. It was that submission that generated the extra analytical work in January which required more volunteer blood samples and that they are completing now. On that basis there should not be any "new" questions, but new FDA members like the sound of their own voice and as far as USA is concerned anything goes so there are no guarantees.

Crude -4.264mm (-2.85mm exp)

Cushing -590k

Gasoline +4.991mm

Distillates -964k

Draw

Malachi,
This has been briefed, They are setting up two labs one in U.K. and one in U.S. Originally for Ovarian but obviously they can do what they want in their own lab.

I'd like very much to think that is the case, but I have learned over time that "work expands to fill the time available to do it in"
On that basis I expect it to run into September because the company target is "during Q3" I'd love it to not be 30th September but on balance I feel it will be in the last week of September. I really hope I am wrong though.

They are taking a different approach for ovarian , a lab based test in a certified lab. Once they have FDA for one application, any other application is on a 3 month timeline not the six as for the first application. That's because there will already be a device approved(Parsortix) and it is no longer a de novo situation.

This was an announcement regarding the AGM and business update. No need to mention FDA, That will obviously be covered in the update following the AGM. I'm sure they are on track.

Gawd,
You have to make your own decision on these matters but ask yourself why you invested in the first place and if anything has changed to impact your original rationale. I have been here a long time, in hindsight I could have sold and bought back cheaper many times, I never did. The MM's will widen the spread to prevent that and in the short term it's tricky in real time.
I myself am holding tight because this is likely to treble at least on FDA approval and that is likely to be March 2021 at the latest. It's difficult to stay put when other shares around us are moving up I know but Focus, discipline and patience wins the day. I also believe that the company will list on Nazdaq in 2021 and that alongside FDA will send these into orbit, we all know that valuations over there are much higher than here. Waiting for the kettle to boil is a patience tester.
"He who dares wins Rodney"!!

May not be any RI, could be a simple Equity raise.

There is NO offer on any table as yet. Nobdy has mentioned a R.I yet either. If required an Equity raise may be with institutions. Although there would be theoretic dilution regarding shares in issue the company would have the extra cash so at a NAV per share level there would be no dilution. In fact the NAV per share should increase if the assets acquired are more valuable than the shares issued.

TT International, Hong Kong based. Probally in league with the other Hong Kong based trash ARCM. They have committed not to short so they have likely got someone else to do it. I just hope that there is some truth to the Apache rumour, enough to give these companies some pain. The only answer to the rapid sp. drop has to be shorting,but someone else is on the other end of the trade unless we have a slight overhang.

Malachi,
Yes, he mentioned it when pushed at the AGM. $5b

Not a bad thing, justifying a decision to someone else forces you to pause and reflect as well and be clear about the investment case.

Hi,
No, it really is $4 billion. Takes some believing from where we are today.

Hi,
That's a hard one to call. I know that the remaining blood samples will be taken at the Angle Lab and that they have been working hard to ensure that the correct procedures are in place regarding PPE etc.
I haven't a clue regarding the number of samples or individuals needed for completion. Shouldn't be that many surely.
Clearly we are no longer in a normal world but hospitals have now started seeing out patients again (Other than for Covid19) That should flow through to Angle I would hope.
As I have said recently the daily chart looks set to move into the 70's and as you say it would be nice if it stayed there or above. Charts aren't everything and it by no means indicates any imminent news but it just look ready.
Our patience is being tested no doubt about that but from attending the AGM's and from dialogue with Andrew in the past I am reassured that the ultimate company valuation target is north of $4b. That helps me sleep at night. Half that would do me but apparently not the major shareholders, they would like more!
It's a bit of a mockery really when mickey mouse products with Covid19 labels are seemingly exempt from the protocols we are having to follow. More people die from Cancer, I recall we have around 190,00 new diagnosed cases every month. We need to get back on track and governments need to get out of the headlights and take a pragmatic view from a helicopter perspective. Our politicians are always "flavour of the Month" politicians and insist on driving the government vehicle with eyes only focused a few meters in front of the bonnet, we are forced to muddle on from one immediate crisis to another. If not Brexit, then a Pandemic. No forward planning whatsoever and we the people all have to suffer their self promoted interests masquerading as being good for us. The fact that Marcus Rashford was able to convince BJ to change his mind over school meals says it all. No foresight, they should have been provided anyway.

Sorry, Rant over.
Stay safe all.

I know we are mainly LTH's on this board but out of interest the daily candlestick chart looks primed for a move back up to the 72p area over the next week or so.

On it's way to $45 so I'd keep quiet If I were you.

Hi Dean,
Yes, the application is DeNovo . The nearest cleared device is Cellsearch and that is not a patch on Parsortix and cannot harvest viable cells. I agree, FDA approval will put a rocket under the sp.