Results come out on the last working day of the month, which WILL be Friday this year ..29 Sep 2022 10:51
Spot on MrIndia, somewhat underwhelming in terms of details. HOWEVER, in this current market it was reassuring and positive, its all about the money and this is key for me:
"On track and on budget for initiating phase I clinical trials of HEMO-CAR-T"
"The Company is exploring partnership options for taking CDX through final IND-enabling studies and into clinical trials." - This was alluded to in the last webinar (Which was recorded and made available...), the company clearly are speaking to people and have options but again holding everything close to their chest.
CBR - "completed preparations to test it against live replicating virus" + "biodefence platform" (Thanks HFH), if I am being totally honest I am disappointed by the progress, I had expected it to be tested against a live virus by now. However the company focus is on getting CAR-T to clinical ASAP and its pharma which is slow so it comes with the industry. I am glad to see the highlight to biodefense, nothing has been said officially however Vlad has attended what I can only assume was an invite only biodefence conference, he has made it clear they were seeing non dilutive funding and grants etc.... There is no smoke without fire, just Vlad is keeping extremely quiet, but seriously, Vlad is meeting people like Rajesh Panjabi – Special Assistant to the President and Senior Director for Global Health Security & Biodefense and Dr. Anthony Fauci....
Cash - £5.8m with burndown rate of £2.6m pa - Extremely reassuring, in this market most shares are struggling and many still need to raise, dilution destroys small cap investors. The fact that Vlad has the money, does not need to raise and is extremely frugal is why I am willing to just wait.
Overall - Great update for investors looking reassurance, nothing in there that can be highlighted as negative and plenty to look forward too. As an existing shareholder I have confidence things are progressing and they remain fully funded, as a potential investment for others IMO the potential here is huge with acceptable risk.
This update appears crafted deliberately to deny traders. It calls out the potential and makes it clear how undervalued it is whilst providing no specifics, the next significant update could come in a day, a week or a month, vlad has given nothing away.
I dont believe these low prices are sustainable, I believe anyone trading is just gambling and at some point you will be locked out. There is an argument that Pharma is high risk and small caps are notorious for dilution. Well here the transformative point will likely be IND or some sort of grant, both of which come before any high risk clinical results, and as for dilution, its there in black and white, they are on budget and funded.
Have a great weekend, it is Friday afterall! :-)