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The relatively recent RNS stating the company had made some decent growth numbers and all looked good; was this fabricated? Was it all a pack of lies?
I think they are still holding because there is some mileage in the drug. I think SGS would have told VELA when negotiating the investment that if there is some value in the drug post trial then they will transfer the holdings over to Conduit, the trading arm of SGS. In my opinion, although we have not had a deal yet, i don't believe this is dead.
SGS Global is now called Conduit Pharmacy. David Tapolcazy is a director of both SGS Capital and Conduit. SGS Capital own 22.5% of Conduit. My suspicion is SGS sold/transferred/gave/donated their VELA shares to Conduit Pharma.
Reference: Paragraph 18 (last page) of the St Georges Capital Annual Report.
JIMMY!!!!!
Please remind me, when can we expect to receive a £400 x 10^6 Croda deal? have nothing to put on the table, because there is nothing else to discuss. You are the laughing stock of this BB. You are the stain in the underpants if VELA. Don’t quit the day job, you’ll get a hangover.
The company would NEVER admit defeat and state the trial has failed and commercialisation deals have ceased. Even if AZD 1656 is sat on a dark shelf in a cellar. We will either hear of a deal (not going to happen IMO) or talks will be forever ongoing.
Also Jimmy is full of BS
£1 a share! In 1982 there was a British Airways pilot who flew his 747 jet over a volcano and subsequently lost all engine power. He said to his passengers he had a slight problem. That was considered one of the biggest understatement ever made - until now.
Deaths WITH covid and deaths FROM covid are two very different statistics. If 10% of the population have covid, 10% of hospital admissions will have covid. If 1 in 17 have covid, 1 in 17 hospital admissions will have covid. If more people have covid, more people will go to hospital with covid, more people will die with covid. Show me some data indicating hospitalisations and deaths BECAUSE OF covid.