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Doc Dan
The RNS on 18th Dec was about approval, so that is a reportable event.
Until we know the details of the approval we cannot just assume the timescale
will be the same as previous trials. There could be an unexpected demand,
we are looking at treating very sick elderly patients, a very different
concept to our previous trials, the ability for patients to consent for starters..
It is a very complex trial, we should not underestimate that!
It is in TGF's interests for the P2's to go ahead..Or they lose
everything...So if SNG are short of funds some sort of deal
will be done... How good it may be for the PI's is another matter!
TGF don't care about Pi's and neither does RM!
As Q1 draws to a close, there is now a concern that there has
been no update about approval/start date..IMHO if we were
starting in Q2 things would have to be well advanced by now,
and the market should be informed on approval, which has to
come before they can organise the trial start date... The clock
is ticking for H1 start... IMHO!
Our "Scientists" were gifted the opportunity of a lifetime..
They were indulged by investors to prove their drug could
be an effective treatment, and they were paid a significant
wage while they pondered how to do it.....COPD....Yes....err
No...Covid...err yes....But we do not want to contribute a penny
to our theory....Err Let's get Pi's/Funds to stump up the lot, then if we fail
we have not lost anything... Yes! Agree a design that has a very slim chance
of success...Yes..why not...... Oh dear it failed but "we know it works"
Well that makes me feel much better....! Tommy they should have taken
some responsibility for the failure of SPRINTER, but no! RM has gone
into hiding with the silent treatment for those who pay his
£350K a year salary.... We are left to wonder where we are in the design/
approval of our planned trials in the last chance saloon.... But hey...Don't blame SNG...
It's vaccines...Dexa.....blah blah blah...
I think most who post here believe in the science and potential..
That is why many stayed after SPRINTER... The problem is
"the wait" ..We need to get P2's done under our own steam,
then we have a value that can be used to negotiate a good JV deal
for a P3. If RM and Co. screw this up and announce they need
funds to complete the P2's we may never get to see the best possible
return on our investment.... Time is not on our side.... We need
a start date and soon! I am personally disappointed we have missed the Winter
but hope as some suggest it will not be significant... GLA!
Tommy...
I am sure Uncle Richard appreciates your pathetic attempt
to deny the victory of the VAL shareholders in ousting what
they perceived as a useless CEO.....What matters is they
wanted her gone as she failed to deliver, they did not just complain
as many heer do..They got together and as shared owners of the company,
they got the result they felt was needed in the best interests of the company..
You really look rather isolated trying to defend RM, if you could demonstrate
his achievements to date, then you could argue a case for us to back him..
But you have tried to hang on the word of one poster to validate your
view....Do try and embrace there are many informed investors that
post here... Respect that they are rightly frustrated by a very poor
performance since SPRINTER and the lack of communication from
RM raises questions about his suitability to take SNG forward...
The concept that another CEO could be more effective is totally
reasonable and should rightly be debated....
Dr Suzy Dilly commented "I've been honoured to play a leading role in establishing the new preclinically-focussed strategy for ValiRx in the period since my appointment in 2020, and as the Company grows it is appropriate for an individual with experience of leading larger companies is sought to better serve the Company's needs. I remain committed to serving the best interests of our shareholders, our staff and collaborators, and will be available to provide support both to the search and to the integration of the incoming team members."
Tommy, Tommy, Tommy!
Have you forgotten that you told us quite recently that you had emailed SNG asking for an update!
Do make your mind up! I am going to add a third camp.. Those who believe in the drug, they have
paid for its development in the placing, they are also paying the wages, they rightly expect to
be kept updated, as promised at the AGM. They are quite rightly disappointed to be ignored
and shown no respect. They still hope the trials will start in H1 without the need for further funds!
They are also realistic and acknowledge things may not be on track and that could have consquences
for all invested here.... !
I think we are still here because we believe SNG001 can save lives..
The issue is RM & Co. managing the process to prove it....
GLA!
That is all you need to know !
Plans are underway and Lorna is a great communicator, we are kept well updated..
This is a very rare investment opportunity, don't waste it! IMHO!
If you believe this nonsense you should not be investing..
NOTHING posted on a chat board affects a stock... A few
day traders try it on... DYOR and ignore them. Occasionally
a good link to news is posted on here, or an article that you may
have missed. There are well known day traders on this site
and my advice is just filter them, they are a bore, not investors!
The MM's played this to get cheap shares... The last
RNS was great news, and things are moving fast for
our sector, you cannot do things in weeks to appease
impatient traders... Famous quote from Warren Buffett..
"The stock market is a device which transfers money from the impatient to the patient."-Warren Buffett
Well Fruits
Let's look at this another way, what deals have been done in the last 10 years???
Name one thing RM has achieved???
Denial is the enemy of the investor. One key thing to look for on AIM is that the Board
back up their positive statements with their own money..... The Board all took a 100%
bonus in 2021, so they could have invested that in shares, but no kept the lot !!!
Post SPRINTER they told us to keep the faith in the data....They could have taken a pay cut..
Bought some shares?? No. Bother to keep us updated as promised at the AGM....NO!!!
Defending SNG currently is your choice, but back it up with facts, not the imaginary concept
that a deal is being done. IMHO!