Member Info for LovableLumax

And given the small quantities currently being manufactured and the fact we are not selling the drug it’s for a trial I don’t think there will be any duty due. If there is a lot of demand in the US if when it’s approved it may make sense to manufacture what’s to be sold in the US there.

I have the view that efficacious and less expensive solutions will always pull through. Avacta’s manufacturing a lot less expensive than ADCs so I’m not sure it would be detrimental to Avacta. A pure guess.

What is amusing, much like other moronic leaders their vision isn’t always shared by those that matter. The markets, financial being key. US 10 year bongs going crazy, were up 0.245% and for every 0.1% it costs around $36bn in more interest.

Anyway, the BoD here know a lot of disquiet at share price and with CLN conversion period next week it should be an interesting lead up to AACR. They know AGM not far off and if this continues they’ll feel the pressure. I’m expecting a solid few weeks and beyond but I’ve said that for a while!

Truss an absolute numpty. Funny how all the right wing Tories who usually love the free market didn't like it when it gave the inevitable unfunded spending a resounding NO.

Soviet style barring the Thatcher years is the funniest thing I've heard in a long time! Best to move on as this is beyond ridiculous and before anyone asks I cannot stand Starmer.

I doubt we'll have a meaningful P1b update for a while, it's likely only been running since the end of Jan. The updates coming up will be interesting P1a and of course we'll be told the P1b dosing regimens.

CLN will be Monday 21st.

Buydips that was my thinking initially but then I thought as they don't do many PLC audits they'd be keen to play by the book or risk their rep and not getting more PLCs to work with. Anyway, we'll know soon enough and my point is a raise on bad terms will be bad news but a raise on good terms super. Either way I'm positive they'll need a chunk of cash and it's a coin toss which way it goes IMO

LOTM I agree with this which is what I'm saying unless they have visibility on orders they'll need more cash. Remember Mirriad said last year they'd get £3.5m in H2 but the auditor still wanted £6m to be raised as they only had £3.3m i believe at the time or the raise. Take their projected £3.5m with the cash and no way they'd need £6m unless the auditor said so.

Bullish what’s your point? There were dozens of rampy posts talking about 1p plus imminently so pointless. People getting excited by Zak and his charting and reposting it even when he says we need to remain above 200dma which didn’t happen.

Anyway, is happy to reply re my speculation which I believe justified.

LOTM your understanding of an audit sign off isn't great. In order to have the accounts signed off on a going concern basis they need to show they have sufficient cash and or confirmed orders to run the business for a further 12 months. When a co is loss making yes the auditor will take their projected revenues into consideration but when there is limited visibility it's trickier. That's why last year even though mirriad said they'd get circa £3.5m in H2 the auditor still wanted a £6m raise for a year's runway as they didn't trust Mirriad's forecast and they were right as they hit some £600k H2. Likewise this year assuming they hit some £900k in revenue at sign off they will likely have around £1.7m in cash. The auditor will unlikely take Mirriad's word for it that revenues will explode unless they have confirmed orders which I doubt they will. Hence I think they will need £6m in funds now there could be a Strategic tie up, superb news beforehand to get the share price a lot higher and a raise at a premium but my estimated figures are not pie in the sky. Surely they make sense?!

As far as putting your name to it given your ludicrous posts you should have little credibility too. I called this wrong for a few years and lost a fair whack but have been bang on for over 12 months as you know. I'm saying they'll need a decent bit of cash and soon. The point to argue is how they come about it which could be another discounted (forcing holders to accept a resolution for bns more shares or go bust) or there could be positive news underpinning the platform and a raise with super terms which propels this well above 1p. That's it. I have no idea which way it goes. I don't think anything there is unreasonable and without substance.

Having a differing opinion is what makes a discussion board but referring to someone repeatedly as 'it' not on. So yes I react to his pathetic goading and will be interested to see if he's so mouthy when not sat behind a keyboard. Let's move on but if he continues (he pretends to have blocked me) to refer to me I'll reciprocate. Quite simple.

If someone repeatedly behaves like a keyboard warrior I'll call it out and I'm happy to meet in person and likely will attend the AGM. I'll happily wear a name badge with my real name and AKA LL. I've offered balance but if someone keeps goading me I'll react.

LOTM mentioned cash, we will need to show a year's cash at sign off so say Mon 30 June and i bet by then they have around £1.8m in cash (means more than double last year's H1 revenue) and there will be limited forward orders hence I say another £6m will be needed. It's a view. Some say an agenda but it's speculation much like LOTM et al. think this is going much higher and have been encouraging others to buy. I'm not saying sell or don't but but giving my view on discussion board. Someone wants to get personal and I'll call it out and happily pop on the tube and see them at the AGM. I'm not threatening but will genuinely call out keyboard warriors and be at the AGM.

Phevs, calling me it. You're a low life who said I was wrong when I said a raise was coming last year and then y called 1.25p mates rates and made a right fool of yourself accusing the BOD and broker of underhand tactics.

I'll happily come to the AGM and see if you're so brave then. The irony is I've seen your LinkedIn and you look like a deviant. Pipe down. If you reply I'll reply.

LOTM no need to run your spoof figures they'll have little substance much like what I'm saying. It's speculation. Yes I think mirriad could generate £2m or more in Q4 which is their busiest period, particularly Dec. I don't expect they'll hit that in Q1 2026. Have you revisited their broker note?

Do you think the auditor will trust Mirriad’s guidance (given its awful record) or they’ll want booked revenue (signed orders). I’ll leave it there.

Surprised they’re only just hiring for this role but still positive so Q4 should be good.

Ha, well surely a programmatic RNS is imminent and the positive scenario unfolds!!! They wouldn’t have published that otherwise!

wow this is odd. i think the ceo has taken the **** taking 50% of last years revenue in his salary and he has sod all shares but i think the concept superb. i lost cash a while ago and moved on so not angry. you were on here last year begging for forgiveness as you got many to buy at over 2p before the 1.25p raise. anyway, as i said i am likely wrong given all the recent activity but it’s worth having balance.

This is painful. The auditor will want orders, signed orders that may execute in 3 months but signed orders. If mirriad doesn’t have many of these the auditor is unlikely to take their word for it given their missed guidance of 12 months ago (and before). I suspect they could generate £2m in Q4 which is their busiest Q but I suspect the following January will be loss making.

I haven’t said anything contentious or pie in the sky. Of course they could be saving programmatic launch and some chunky contracts before a small raise and if so it’ll be a modest sum and could be 1p+. I have no idea but merely giving a counter argument. As I said I was right last year when all the LinkedIn guff was posted but I admit this year has a lot more substance.

I’m off for a beer.

Oh and one oh my large holdings AVCT I hope to god they have a small placing as their CLNs a disaster!

LOTM what is the point is presenting made up figures. It might make you feel big and clever but it’s quite simple. Unless they have sufficient visibility on cash coming in the auditor will want them to have near enough their yearly costs. Look at the last 2 years with what they raised and the cash they had left. It’s pretty simple.

Companies with recurring revenues and forward order books with limited cash can get away with it but I don’t think mirriad has visibility on orders. I mean last May they guided £4m revenue and they hit £1m FFS

If they need to issue more than they’re allowed they’ll have a special resolution and the monies will be raised on the condition shareholders vote through the resolution. Been done many times. Maybe it won’t be needed here but it’s not precluded.

I didn’t need to go through such a pointless exercise this time last year when I said a raise was coming when you and Phevs said I was talking rubbish.

The auditor will want them to have a year’s cash from audit sign off. So assuming it’s June the auditor will start at what cash if left, what creditors/debtors and then we have £8m pa costs. Lets say come audit sign off they have £1.5m cash and they have limited orders due to the nature of the business although they’re sure they’ll make £5m H2. Well the auditor will look at last year’s guidance and the years before so I suspect won’t take their word for it but will want confirmed orders not some silly pipeline. So yes inspect they will need circa £6m.