Member Info for LTbeliever

Seems he is talking about systems resilience, rather technical IMO. A bit of promotion to other techies.

Tnx Jiving; let's hope Dan is not WFH when the letter arrives!! :)))

But, IMO, Dan 'd get 2-3 days advance notification (maybe more?), so the RNS will come first - and probably, Insiders' trades pre-RNS. GLA!

They usually post them in chunks (3-4 in one go); since Jan 2nd i.e. about 20 w/days, there have been 26 designations. So maybe another 3-5 by tomorrow.

Why, not "which" make rivals aware.

I'm sure they know what they are doing - with +5% shares owned among them, fees owed to them, cash runway end approaching, they have an idea on what to do. And just one general comment about "where are the partners", from standard practices in the pharma industry, most NFX counterparties would probably prefer full confidentiality (ie non disclosure of their discussions/deals with NFX, if and when they happen)) for competition reasons; if they enter into a p/ship agreement to develop an IPF drug, which will take 1-2 years, which should they make their business rivals aware? IMO

Personally, I think 2026 is T42's year of rerating, it will only need 1-2 good RNSs for the Mkt to start seeing the potential; I see no point in selling at eg 2.30, hoping to buy back at 2.10-2.20; this is the time to accumulate, not hop on and off hoping to make a few hundred quid. IMO

I reckon, as per the 16 oct RNS, that if indeed Amazon is interested, they'd want their own product and not what T42 is offering to the "hoi polloi" :)

"The Company has been exploring the future development of its offerings, and the opportunities for potential partners that would be interested in working with the t42 team, utilising the Company's new product and technology solutions to enable the tracking of global shipping containers, in addition to the Group's existing operations. t42 are targeting discussions with parties engaged in the freight and logistics industries who would be able to enhance and improve these industries utilising the Company's technology. To progress this strategy, the Company has appointed advisers to seek potential investors interested in providing funding to participate in these plans." GLA!

I think people bailed out this morning as they got spooked by a) no news on ODD and b) coupled with the possibility of a small fund raise within the next 1-2 months. Co burned 600k in 12m i.e. 50k pm so a fund raise would not be more than 150-200k - the only question is when exactly and will a positive FDA decision come prior to that? So, no fundamentals have changed, we are just 1 day closer to the FDA's decision.

Bottom fishers should come back soon IMO.

Does this mean that Amazon, via Contguard, has been introduced to T42's products?

Thanks for the extra points, Soup; one final point - the FDA reverted around the 1st week of November i.e. almost 3 months after the application' submission; they only asked for 1 thing, which means they checked and were happy with 99% of the file; if there are any issues with NPX002, is it not logical that they would decline the ODD back in November?

"Administrative expenses widened by 30% to GBP660,569 from GBP506,353. Meanwhile, Nuformix posted no impairment of goodwill for financial 2025, compared to GBP3.6 million in financial 2024. Looking ahead, the company said the main priority for directors is to focus on the firm's NXP002 programme and specifically to find a business development partner."

So, the Co is spending more, gearing up for the development phase IMO and getting ready for a partner - why do that, if too much uncertainty with the outcome in the USA? it's been more than 10 weeks since the FDA query, does anyone think that - had the FDA been unsatisfied with the response - it would not have rejected the application by now? All IMO. Co keeps referring to "partners", can we reasonably assume that these (more than 1) potential partners are just waiting for the ODD designation before signing an agreement with NFX? I mean, why commit now and not wait until the ODD? It doesn't mean though that there are no interested parties; but the number crunching can only begin once the FDA responds, right?

We will know for sure after the Trading update IMO; could be new devices fitted in connection eg to the Contguard deal, back in August? 4-5 months to implement is not unreasonable.

The Co responded to the FDA's query (RNS doesn't say when) so Dan knows it's just a matter of time to get a positive, IMO, response given the European approval. FWIW, the Co owes (see the Notes) 125.000 to the Directors so this might show some confidence in a positive outcome? Or is it desperation?

It seems those eager to sell due to lack of FDA news have done so; next RNS must - surely - be the FDA one, so it's a coin toss from here on.

What's the "tracking" portal? If it's clients' vehicles fitted with T42's tech, then yes it'd mean higher revenues are flowing since Jan. start.

Looks like a "leak"?

Definitely AFS by Friday, so update on FDA application - whatever that may be; 3 days to go for good or not so good news.

We will know the cash situation by next Friday, deadline for release of AFS y/e Sept 2025. If they will need cash, they are probably waiting for the FDA designation first?

From water scarcity etc, as per this UN report, IMO;

https://unu.edu/inweh/collection/global-water-bankruptcy