RE: The Long Game11 Sep 2023 10:47
Yes LAMBO, lots of money was made and lost from your £1.80 to 2p let's get it right'' as anyone that was buying these at £1.80p would have sold out years ago and those that bought at 11p & 5p would have also sold on there 20% stop lost unless they are stupid'' and be looking to buy back at 2p for the ride.. BUT
The Board believes that being able to apply this new funding to focused R&D programmes will deliver quicker results and be an additional contributor to already anticipated regular positive newsflow and programme updates which will have a major impact to drive a positive upward movement in the share price, thereby increasing value for all shareholders.
It is with our expectation of an upward movement in share price that the Board decided that new Lanstead Subscription and Sharing Agreements (especially at an Issue Price which is near the all time low share price) would represent, in the circumstances, the most optimum solution to meet our current funding requirements. As the Company experienced in our very first Sharing Agreement with Lanstead in February 2016, with an appreciating share price, the Company receives substantial more funding, without any further dilution for shareholders. In addition, the existing two Sharing Agreements from 2021 and 2022 will return more funds than they have to date in circumstances where the share price is appreciating (notwithstanding the opposite occurs where the share price declines).
To illustrate the potential for positive newsflow, we are entering a very important period for ImmuPharma as we move forward with the Phase 2/3 adaptive clinical trial in lupus. In addition, there is the prospect of reaching other key milestones over the next period. This includes concluding the licensing of Lupuzor(TM) for the ex-US rights; progressing our further late-stage asset, CIDP, where we are now gaining interest from potential partners to expedite this program and also to progress our earlier stage assets including BioAMB and BioCin within our anti-infective portfolio.