Member Info for LTbeliever

Correction - next RNS due is the half-year report, expected anytime by mid-June (last year was on 2 May). This is bound to provide an update, both about state of discussions and maybe the studies (post 30 March).

1. FDA ODD in March, co funded until y/end appx

2. studies being prepared at request of potential partners (started or starting soon, logic dictates)

3. Dan not flying to the States; reasons unknown; money saved for sure,

4. next RNS to be about the studies' results and/or a deal (not a fact, just IMO).

Playing "Rampers' Advocate", for a change ( :) ), may I also add that potentially, in the agreement currently being thrashed out by Dan and the US partner in a coffeehouse somewhere in the Golden triangle, there is an exclusivity clause? Therefore Dan has no need to - until this deal is finalised - chase after other potential partners. GLA, patience to those who can still manage it.

FFX, you say "nothing visible on the partnership front "; no visibility doesn't equal no progress necessarily, especially if delicate, confidential negotiations are taking place; FDA ODD granted just 2 months ago, Co then raised cash to pay for the studies (which didn't start immediately) and the studies will take a few weeks to conclude; partners will then look at the data and proceed accordingly. Soup said wait til the summer for news, and I agree with that as it's a very logical conclusion; Dan is not going to reveal private discussions (that will impact NFX negatively if revealed, for very obvious reasons) just to keep some impatient s/hs happy; you have been waiting for a decade, give the Co 2 months more.

Soup good morning; last year Dan attended both conferences, one in Europe (just after the FDA ODD application) in Sept, and the US one before in May (around the time the EMA ODD was being granted); question - if Dan just enjoys the good life, why not fly to Florida now? Co has cash in the bank so no issue of funding the trip either; if he attended both conferences last year when NPX002 was still w/o the ODDs, especially the FDA one, why not go now?

IMO, he doesn't need to, as he is already working on finalising the studies for the specific (X) partners who requested them and/or thrashing out the agreements with them (1 or 2 maybe) - how far fetched is this scenario?

https://www.lse.co.uk/rns/NFX/european-respiratory-society-congress-attendance-9117pw37w6vme9j.html

Info1p, why "10 months"? The EMA ODD was granted one year ago so if you are right, NFX'd be issuing a report soon?

https://www.lse.co.uk/rns/NFX/confirmation-of-european-odd-for-nxp002-tngnnmz9652p34a.html

Optimistic scenario is that the partners are finalising the agreement, just waiting for the specific studies' results; so Dan has no need to fly to the States;

pessimistic scenario? where are the partners :)

Clarification - 6% on newly issued shares equals appx 1.5% dilution on total share capital in 5 years, when TP exercises the Warrants in full; so, not too bad!

One caveat about the Warrants, Sdad; "Broker Warrants -- In connection with the Fundraise, Turner Pope has been issued with 293,333,333 warrants, equivalent to 6 per cent. of the aggregate number of new Ordinary Shares issued pursuant to the Fundraise, entitling the holder to subscribe for one new Ordinary Share at the Issue Price at any time within five years from the date of Admission." i.e. until March 2031; although - IMO - the SP will be a lot higher by then, it'll still be a 6% dilution against peanuts basically; TP will pay 0.00225 per new share. when the SP could well be 10-20x higher than today. Still, TP called the shots during the Bookbuild so the Co had no choice. The only remedy for us is just to buy more shares now that the SP is so low - if people aren't scared of further dilutions, global recession, market crash etc. Caveat emptor, DYOR

Thanks SDad, u r probably right; in any case, my point was that the Co is saved, we are IMO, at or near the bottom, Wardle and the CEO are fully aligned with the s/hs by having skin in the game and obviously, TP is the big winner here; Placees too, buying at 0.0225 will make a lot of money, IMO and anyone who can average down now before the SP slowly recovers; Co has been issuing an Ops update every month or so, meaning the next update is due in a couple of weeks, hopefully with confirmation of DMS-Magnetite 1000t sales for May, rising to 2500t in June?

100+mln people, all using the Nile for their water needs; plus, a new state-of-the-art capital in the middle of the desert, aiming for high-tech solutions.

Egypt – Labib Demian Youssef & Co

https://www.modernwater.com/partners/

Superdad, I agree with you but adding the caveat that Wardle "increased by another 5%" as you say, at the expense of existing S/hs because the warrants are extremely dilutory and at such low strike prices that the Co (all of us) will have no benefit; it looks like a "deal with the devil" aka TPope i.e. Wardle accepted to be diluted now w/o stamping too much cash, so that TP could raise the funds in a haste; however Wardle will recoup his original stake via the Warrants.

Thus 1. Wardle got the new cash w/o losing out much 2. TP 'sold' the dilution to other existing and new s/hs w/o impacting the hasty raise 3. creditors saved, tb paid in the next 1-2 years from cash flow, starting next month 4. rest of us diluted but not busted, hoping to recoup losses; everyone is a winner, some more than others, IMO. GLA

Maybe Dan will post something on his LinkedIn later; or get an RNS-REACH next week?

Last year we got this RNS-REACH so it seems Dan is not going to Florida...maybe too busy now signing deals?? :)

https://www.lse.co.uk/rns/NFX/european-respiratory-society-congress-attendance-9117pw37w6vme9j.html

Given the SELLS today, not a bad drop.

"The ATS 2026 International Conference will be held May 15–20, 2026, in Orlando, Florida, bringing together pulmonary, critical care, and sleep professionals from around the world.'

Let's hope Dan doesn't fall asleep with the sleep professionals :)) - is he going???

Https://www.reuters.com/business/energy/uae-accelerate-oil-pipeline-project-help-bypass-hormuz-2026-05-15/

if/when we get a UAE distributor!

Https://www.bbc.com/news/articles/cvgzvqq9345o

That's also welcome :) BTW, Iron ore price up 10% YTD, not much but maybe a trend soon.