Member Info for Kingalf

We are due a big bounce from here, whether it's sustainable is another question.

Interesting to see what the BOE does today, the more they do at the near end the better it should be for 2 and 5 year bond rates. It's like a pendulum effect as the markets would start pricing in a downturn which would result in lower medium to longer term rates.

PSK - I think it's based on a few of issues, 3 senior managers sold around £2,000,000 of shares recently at around the £2.74 mark, may have caused a few jitters as to what they might know that we don't. I think it was just the end of the lock in period.

Secondly and what's effected it the most in my opinion is the large funds withdrawal as announced in their figures. This was the downfall of the American banks.

Latest move down is probably down to all the uncertainty with the economy and what impact this will have on a domestically oriented banks profitability.

Admittedly it's a very bumpy ride at the moment.

If it helps you to sleep a little better they are making around 420 million a month profit.

Definitely seem to be getting hammered at the moment. Not sure if you've seen their latest fixed term savings rates for one and two year both above 5 %. ISA bonds aren't far behind at 4.70 % and 4.85%. plenty of funds starting to flood back in. They were still factoring in 4% for base rates on their last results, with rates like to go to potentially 5% this week any loss in margin will be more than made up with higher rates. Bumper profits and inturn bumper dividends are on the way. One gray area depends on the severity of the downturn, provisions for bad debts. Sell off seems over done to me.

Pre clinical is a million miles away from what really matters to Evgen. After 10 years and around 15 million plus wasted we are still at this stage. The only noticeable difference is their fancy web site. Sell into any spike, the mm will as they will be positioning for the next cash call.

I'm of the opinion that the share price is starting to discount another cash call probably as early as the first quarter of 2024. Definitely no royalties coming before then if ever. Will investors have the same enthusiasm as before, I doubt it especially as most are sitting on a 65% plus loss. I again think they'll have to heavily discounted any issue to attract new investors all to the detriment of existing holders. It's becoming evident why the bods aren't buying and bleeding the company dry with their extortionate salaries. The shares have been going one way ever since they were listed, so much hype and potential that has never led to anything apart from the bods enriching themselves. Expect more of the same.

Latest set of accounts

"The Directors estimate that the cash held by the Group together with known receivables will be sufficient to support the current level of activities into the fourth quarter of 2024. They have therefore prepared the financial statements on a going concern basis "

They will hardly wait until the money runs out, so I would say around the first quarter of 2024 for another share dilution. I can't imagine Kight is very financially savey when it comes to investments, I wonder if he is aware of the implications of his holdings.

Page 23 of the March 2022 accounts.

"The Directors estimate that the cash held by the Group together with known receivables will be sufficient to support the current level of activities to the fourth quarter of 2023. They have therefore prepared the financial statements on a going concern basis "

The same arguments that were made the last time I predicted a cash call. There will be no milestone payments as it will never succeed. Ask yourselves where the share price would be if Kight hadn't invested. The only possible saving grace to this sorry state of affairs is if Kight buys out the company as a shell to expand his printer business.

I'd be happy with 5p

I'm actually still holding, its only be a small holding but it still gives me the right to be critical and stop others being sucked in. I went long at 4.50p a few months ago, my punt was based almost solely on Kight holdings and nothing to do with the underlying product. You would have to have some kind of end game to invest so much into this highly risky penny share and this is what I'm gambling on. I hadn't factored in that it could have been a reckless investment and if so more the fool me for following him.

One thing is becoming more apparent by the day, the money is running out and there will be another cash call in around a year.

11 year old video, if it had any substance it would have been fully exploited by now.

Question is how much good money after bad do you throw at this, and surely if it was that promising the bods would be fully invested.

The cold reality of the current share price and his paper loss says differently

My sympathy goes out to Kight, how he got suckered into his massive holding is beyond me, he would have been so much better sticking with a managed fund.

These time lines keep getting extended further out

"Our partner Juvenescence is progressing well towards market launch within the next two years"

Same statement they made when they first announced it 2 1/2 years ago.

All announcements seem to be converging to when the cash runs out and just in time for the next fund raise.

The massive red flag for me is that the bods aren't buying in.

Can't be much longer now, I think news, good or bad is just days away. Odds are it will be unsuccessful but you never know.

You are all absolutely right, I have a zero medical background and am solely basing my thoughts on gut feelings, I just can't fathom that a combination of drugs could relieve autism, we are definitely seeping down the snake oil route with this one.

Still I'm holding so if I'm wrong I'll be more than delighted for the family member as well as from a financial perspective.

I base my opinion on a very close family member being on the autistic spectrum. If you think SFX is a possible cure you're all more delusional than I thought and completely devoid of any rationale thought. You'll all realise that I was right once the results are announced. Don't get me wrong it could well have a possible cure for other issues but never in a million years would it have any benefit for anyone on the autism spectrum.

I'm almost certain the Stalica SA cooperation will result in a total failure. Once someone has autism there is absolutely no way a drug could reverse the disorder. The company needs to persue more realistic targets. Enlarged prostate is a very common thing in older gentleman and causes a lot of discomfort, eating lots of broccoli has been shown to reduce the size so why not focus on that area. Admittedly if a company comes along and offers you money your not going to turn it down but this is doing nothing for the long term share value as the negative results causes another sell off. I think the bods are fully aware of this hence their hesitancy in buying in. I think SFX could well have a medical benefit, the bods need to pull their finger out and persue realistic avenues.

Here's me hoping again but what are the odds of a Friday rally following some positive news ??

I could delude myself and say the darkest hour is just before dawn but I don't really believe it.

What is a certainty is that the bods live in constant daylight. I'm just waiting for them to roll out that promised breast cancer cure the company has been going on about for over 10 years and never properly progressed any further. Clearly a joker for the back pocket for the next time they tap investors to further fund their life styles and pensions.

Score - you're in good company, I would say almost 100% of holders are under water by various degrees. Only winners are the Bods who keep milking the company's coffers, promise so much, but deliver nothing when it comes to share price appreciation all the while keeping their personal funds well away from this company. Good luck with your next punt.