Ahh mr BS you finally admit I am not on filter another falsehood always makes me chuckle when dealing with the likes of you. My advice is simple, ignore anything you say at all costs and any investment make your own decisions. See you have moved onto reporting posts you don’t like and dropping your filter - what an untrustworthy individual you truly are !!
Freddie- nothing to second guess, the matter is in the hands of the BOD, I don’t trust them end of. 401 is going anywhere other than a royalties deal with no cash and years before we see any payback. 201 years for that one and the other two same again IMO. The deal we have with our new “investors” is a bad deal but the only one we have and it is made worse by the fact that our leaders have lead us into a bear trap.
In the meantime the likes of our resident BS is and continues to paint the picture that everything is hunky dory and everything is fantastic and desperately trying to suck in new investors based on not a lot, incorrect figures and unsubstantiated assumptions.
We have missed our chance to replace our management with a commercial team so what are the options? Answers on the back of a fag packet please??
Don’t hold your breath Freddie bit like the BOD and 401 all the promises but no action no sale no deal and never mentioned. Never mind, onto the next mythical deal or the buying up of discounted bankrupt IP for peanuts for the next set of fantasy promises - sigh !
Drac - I will be delighted if 201 lands by the end of this month as predicted by Mr BS but the main catalyst is to see whether 401 reaps the much vaunted cash payment which I have my doubts. Cannot decide if the JV happened or not and am staggered that we are buying into a new sector.
Still all will be forgiven if they can turn two of the products into truly commercial items and see some real cash coming in the door rather than constant dilution and fund raising being required.
How are they going to fund these new products going forward??
Old BS can’t even get the total level of funds raised correct - never mind the costs of the raise eh? Just another inconvenient fact to get in the way of true facts. Also had a chuckle at last nights threat fest of threatened action against anyone with an alternate view looks like at least a two bottles of red wine rant?
Now it would appear that we are buying up bankrupt stock to justify the scientific side some work to do having produced not one commercial product to date. Well got to justify there wages somewhere even though we have not made any money to date even though the last thing we need is more research and costs.
As for cash burn going on history the chances of this mad deal and the money lasting for two years is zero imo. Uncanny please put me back on your mythical filter and please add me to your rant list as I would welcome the opportunity to point out the falsehoods you have posted here which the more gullible may have fallen for, including your “you have been warned” one to many glass of wine threat chuckle chuckle!!
Drac - how can you say that I am wounded to the core :( after all we have been diluted to hell, into a potentially ruinous deal dropping through the floor of the SP, no deal as yet on 401, 201 and 101 and 301 incomplete, a happy BOD raking in salaries for the next 12 months and most investors 90% plus down and no commercial deals done. I note all talk of a JV has disappeared despite there being reported 6 potential partners. Also getting cash for the miracle 401 which has been downgraded from a cure to an end of life aid (not that that is a bad thing). Reliant on a pathetic LOI which says nothing and promises zip.
As they say all is well in the world - still the mice have been saved ??
Flipsome- should be interesting how the ramping crew respond to that I suppose they won't comment as they are busy with the fingers in the ears going LaLaLa amazing how being blocked (supposedly) by scared individuals is a tonic for the realists. Still wil sit back and relax and enjoy the comments made by Flipsome running circles around the likes of Uncanny and the other desperate souls