RE: Sounds Positive!28 Sep 2024 15:45
This is the post that triggered Stu... Scary when your short.... He is now spending HOURS on here on a weekend, someone is scared π±
Multiple possibilities:
1, Company X has expressed interest in CDX and CAR-T (They share common antibody, validation of CAR-T is validation of CDX). They have requested Hemo make modifications to improve efficiency of CDX(Done see RNS) and want to see clinical results of CAR-T before licencing. In this scenario they are likely to offer a bridging loan(7-9m) to see the next 6months to a year and allow trials to proceed.
2, Company X have expressed interest in CDX and are offering a bridging loan to allow company to proceed without slowing down progress to IND, the loan being sufficient to cover all expenses for the next year or so and Hemo are free to licence/JV CAR-T independent of Company X.
3, Exclude funds from Company X and Hemo start trials with CAR-T and raise a few mill off the spike that comes, they prove it works with a few patients and MD Anderson unlock funds for the CAR-T trial, at some point the company licence CAR-T
4, No loan, no interest in a placing, no rescue, company goes bust, few people laugh, few people cry, lots of people with AML die.
This list is NOT exhaustive, there are many other possibilities. I believe 1 is most likely, it aligns with statements made by Stu/KP/Vlad/RNSs. It aligns with what we know about Vlad in always going over the big prize at the end instead of small wins. Remember that Penn have funded facilities and MD Anderson are a charity, neither is going to pay the wages at Hemo but both are capable of covering costs of the trials at their facilities so I would not be worried about funding, its not as critical as many make out.
IF I am accurate and 1 is what happens? That means the end of the very destructive peterhouse specials which have tanked the SP here over the years. As for secret groups meeting with Vlad? There is nothing untoward. Vlad used to speak to lots of us, over the years many of us have shared criticism with him and thats all it takes to get blocked, anyone who managed bite their tongue which includes the traders probably still get replies from him :-P But Vlad HAS done interviews and zooms with investors, its not a secret, he has been open and direct, they HAVE been in negotiations with a company over CDX for years now, he has stated funding when CAR-T works will not be an issue and he has always been confident.