RE: Igraine accounts4 Aug 2022 23:35
Back to the SGSC saga: my take is that the board of Igraine deemed that the results of the trial were not a success in regards to it being a specific COVID treatment, even if there was some encouragement generally.
I am guessing that the board of VELA invested in Igraine after this news as Igraine have avenues to eventual income/royalties etc if the same drug is found to be effective in other treatments, which looks much more likely, although this may still be a way off.
So it might be a shrewd long term decision , which looks like a total mess in the short term.
The mystery and frustration is the complete lack of reasonable communication and explanation from the company. When I looked through Igraines accounts today that was enough for me to exit here again for the time being, even before the terrible CSFS rns this evening.
Better to invest in the likes of CODE, ENSI, MODE etc separately. Even CSFS at 6/7p might be a good bet.
All the best....