Member Info for Marvinthomas

It’s all very odd ontarget. Unless I’m mistaken it appears that EVG/TCF reported that phase 1b was completed over a year ago. In the RNS 15/08/2023 it read: Final Clinical Study Report from Phase 1b PK/PD study of new SFX-01 tablet formulation approved.

New formulation of SFX-01 performs as designed, delivers meaningful levels of drug and metabolites, is safe and well tolerated.

Results to be shared with Evgen Partner, Stalicla in support of regulatory submissions for Phase 2 studies in Autism Spectrum Disorder.

I don’t understand why a year later Stalicla show that this is still midway phase 1. But probably even more alarming is that it is 2 years next month that the Stalicla deal was announced and this is still in phase 1 and only $500k has been received.

How many of us bought in here because of the Stalicla deal?

With only £2.9m in cash reserves effectively from 01/04 and Stalicla our only current potential income stream, this is starting to look desperate.

I don’t understand why they spent £1m to acquire this new company in March if it has no income stream either? We need money, lots of it and fast but nothing appears to be happening.

Got to agree with LWHL.

I’m curious to know how long the money is going to last. They had £2m as at 31/03/2024. They raised £900k in the share placing after this date. £2.9m should see them through to end of year… just. But then what? They said that they are looking for private investments but it’s not going to happen. Only a matter of time before this goes under.

Grants and private funding? I think it’s wishful thinking, grants may help fund trials but can’t see it covering wages, rent and rates. As for private funding, I can’t see who would lend TCF money if they have no money incoming to cover the loan repayments, whilst no one is going to just give millions to a plc out of the kindness of their heart.

It shouldn’t be down to grants and private funding, TCF have been in business for 10 years, they should have sn income stream by now. I’ve never heard of a company run with no income before.

Just looking at recent years accounts, there has been very little money incoming into the company which I see has resulted in multiple share placings. Stalicla appears to be the only potential source of income from what I can see at present but there appears to be a serious stumbling block with this deal as $500k was due to be paid when phase 1b was completed, which it was a whole year ago but no money received.

Is there any other sources of income that I’m not aware of? If not how will TCF survive once the current reserves run out next year?

I’m sorry to say that this share is in grave danger of going bust within a year unless there is a big turn around in fortune.

It happens all of the time that the MMs take a share price up sharply, it looks very promising so lots of people buy in and then the MMs take the share price down sharply. I bought in at 146p and thought I was doing great but now I’m down. But looking at the company I’m not concerned, this clearly has a lot of potential and is well funded for the time being. I always look at the 5 year charts, you know a dud company as the share price has been on a decline throughout but Faron has been bouncing around throughout. Looks like there is a good chance this can recover.

DS, are you happy with your investment here? You are very positive about this share and still seem to believe in it whilst I see it as my worst ever share I’ve bought and kick myself. I don’t blame the board, I believe they have tried their best to make SFX-01 successful but it just hasn’t worked out in terms of signing new deals and the deals they did get have failed. It pains me when I see -£16500 down next to TCF on my share account, I wish I knew your secret to not let it bother me.

Is this going to rocket again this afternoon? I think we are seeing a correction in the share price and this has quite a way to go.

DS, I am going to let that one pass this time as you don’t know who I am or what I’m capable of. But I do hold black belts in jujutsu and karate so I’m not someone you want to trifle with.

I did wonder what made you buy shares in this on Wednesday Davey? We all agree that Stalicla aren’t paying us any money now this year. Chances of any new deals signed for SFX-01 is nil. So what’s the thinking?

This is one of the worst shares I’ve ever invested in, currently sitting on a loss of £16k. I’ve been checking for a RNS each morning for about a year hoping to see news of Stalicla paying up but it never arrives.

I think the chance of this succeeding is around 5%, but no way will the share price increase 20 times to account for that risk. Therefore there is no value here, we all must face it that we got it wrong and will take a big loss.

Good time to buy in for a 10% profit? I’ve been following this share for a while, it’s solid and seems to bounce between the 550 - 650 range. I don’t see any problems here or reasons why this won’t bounce back above 600p.