Member Info for Mayhem55

All quiet now the herd has done its job. I maintain all is positive (except the share price) science is holding up nicely, we await the data and at that point assuming all is good our long await for value will come good. We do have the 737 in the background and given the time frame we could very well see news on this soon.

At least over the weekend, we get sensible discussion. We close the week in a better position from a product validation point. It’s a strange old time. I will continue to hold for the data release, all to play for in my view.

Once the data is available then we are either going to rocket or sink. So far all is positive and it does feel as though we are being held back. Given737 is still in the mix this should resurface soon as it’s 6 months ish since it was licensed out.

As indicated in our previous note, the current cash at hand (c £3.2m, including £0.4m gross cash at end-H124, £0.4m in R&D tax credit received in Q1 CY24, the £2.3m equity raise in March 2024 and £0.1m from warrants exercise) provides a runway into H224, but we expect additional funds will be required to initiate and run the Phase IIa study.

So plenty of time to report progress and attract deals

Will we, or will we not. It would be helpful if our board managed our expectations much better, if we are not getting the results within there expressed time frame then it is a relatively simple task to advise us in a positive manner. Come on bod for once step up with your communications as you repeatedly promise.

Nothing really matters until we get news, lots of noise currently with no meaning. Play nicely people.

We have had additional shares added since, the £1.30 would translate to approximately £0.80 so still significantly undervalued on this basis. Given we are now further progressed and results pending we are well placed to rerate

Reading through the attachment - last enrolment is 7th MY and last data collection is 4th June so she will be a need to conclude and review before and results, I would have though this would take a few weeks before any valuation, with a following wind end of June 24.

Further more looking back at market capitalisation, on a 68M vs 108M my simple maths indicates a 75p share value on a like for like basis. Of course we are still moving forward.

Can anyone simplify the shares issued from the start of the RF funding.

We had 68 M shares in circulation, we now have 108 M in circulation a 40 M swing. A massive dilution, this affects share value for obvious reasons.

Guys sort of agree with the expectation, although we have increased the number of shares in circulation by a considerable amount, on the balence side of the valuation we are much further down the road with no adverse results. We need a positive result from the trials and then the sky’s the limit.

Before the RF disasters we were around £1 value , we are in a better place with cash snd progress, so what is stopping us moving back to pound land. With good results we should then fly up in value.

220,000 in Sipp HL

80,000 in ISA split into fidelity and HL

Fully loaded and been here for a very long time,. Hopefully not long now before we start to rise. Bought my last shares in the resent offering.

Just checked and shares are now in my HL account

On HL my message advised 5th April date when share will be received

I don’t think that marketing is on the boards agenda, reason being they are only going to be talking with top table companies who already have sight of Sareum pipeline. Now PR is a different thing, we have drummed this into them many times and they nod but do nothing. As much as it pains us it’s not important to them. I firmly believe that they have 100% beliefs on the science and that all will come good so no need to improve communication.

Now we are in a BH weekend and the herd is not around, we may get some sensible discussion. My view is simple, the science has not changed and we are in the best place since the beginning. Now commercially and financially we are a mess, the chairman is responsible for corporate governance and due diligence, he has failed on all counts and should resign immediately in my view. It is no point dwelling on the finances now, what’s happened is history. So as we bring 1801 to a pivotal point, with good results so far, we hopefully deliver and our share price recovers to at least £2.50. Well that’s my thoughts. I will add I have signed up for the 10p shares offering.

Count me in, I could release funds if required. I do expect the board to to a pay day holiday or at least put director loans into the pot.

Currently we are being pushed down on the back of the Riverfort financing. Until we get news this unfortunately will remain the case. The board could do some strategic buying of shares to show confidence to the investor base. I do think that our board are oblivious to the current position as they most probably can only see a rosey forward position. So if you are reading this board Tim & Co it would be a good gesture to either get tweeting or buy some shares to show your confidence.

So the news on products have been positive, the science remains good, yes we await results for the next phase, in my book all looking fine so far. Now on commercial aspects then our board have performed badly. It’s a disappointing share price currently but until we get the next results it’s still sit on your hands time.