RE: SP action7 Aug 2025 09:35
Pokerchips - your post illustrates precisely why Tim's words must never be taken literally.
That Feb 25 RNS you mention stated the company's 2021 reorganisation "resulted in a much lower level of fixed overheads".
It hasn't. Quite the opposite in fact. Admin expenses in the latest Interims were £0.4 million, UP 33% from £0.3 million in 2024.
The same RNS stated: "Additional funding .... will strengthen the Company's negotiating position in ongoing licensing negotiations....Being able to apply this new funding to the P140 program will deliver quicker results and be a major contributor to regular positive news flow and program updates which will have a major impact to drive a positive upward movement in the share price, thereby increasing value for all shareholders".
It hasn't. Again, quite the opposite in fact. There have been NO results in its licensing negotiations so far, there has been NO regular news flow (let alone positive) and there has been NO positive upward movement in the share price. Indeed, the closing SP on the date of this RNS was 3.8p. It currently stands 58% LOWER at 1.6p.
This is NOT misleading nonsense. It is HARD FACT. Look up their 13th February RNS yourself if you need any further evidence.