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We know news is due but personally, I'd rather not see major updates (002/004) this side of Christmas as markets will be winding down and anything substantial would not really have an impact on the SP (or the SP won't hold). Better to get news early next year and start the new year with strong momentum.
You can hear the desperation in his words!
Fact is if we held our nerves during the recent months when things got really rocky, knowing this company has the potential to offer loads more (and we were right to do so). Things are a lot clearer now with a great strategy and structure in place. We've known the risks vs rewards in a small company like this.
We believe in the products and now we believe we have a solid team running the company.
Also, better to retain funds where we can. Why pay a CEO salary for the next few months before 002 findings?
We've got to be honest with ourselves. The previous directors have left us in a hot mess but after today's RNS, it looks like it's a great move forward, and as soup said, I would take this over news of new CEO. This shows we have a strategy in the short term which hopefully pulls us up and reflects on future payments received by Lanstead. If we can get the result we need from 002 then it will be time to usher in a new CEO.
At the end of the day, we're in no position to demand a new CEO given our state of affairs (who would want to join now??)...However, once positive news comes in for 002 (even 004), we will then be able to draw the best talents for a CEO role.
Step by step we are getting there
We are all perfectly aware of the facts but continue to hold because it's not worth pulling out at this price, and there is still some hope no matter how bleak it looks right now. I'm sure we've all made that decision for ourselves knowing the current state it is in.
But one thing I don't get is that I wouldn't waste my time on a forum I have no interest in. For example, I'm not interested in Barclays so why would I spend my time posting negative comments on that forum?? If I'm not going to invest then what's my financial gain on posting or watching a forum??
At this point in time, it's a waiting game for 002/004. Day to day duties for nfx isn't that demanding so no point anyone willingly committing to leadership role, especially if they have other better opportunities at the moment (not to mention the s**tshow it's been left in). I'm sure all involved have got their eye on it but letting things play out.
If recent 002 results had been in line with expectations then it would be a completely different story...would have had a CEO soon. But again, waiting game.
My personal opinion/hope is that Dan will feel he has no choice but to take the realms or be more involved, albeit temporarily.
He is one of the founders and has been involved in this project from inception, development of 001,002,004 have progressed significantly over many years and most importantly, he is a big shareholder and has a lot to make financially if things can be set right.
Although he has moved on and has taken on another role, that was before the recent RNSs. He may have thought like us there's no way the BOD could ruin all he has worked towards. NFX was almost at the finish line so no need to get back in. Might as well get involved in another company at the early stages.
But if he does nothing to facilitate nfx then he will look to lose a lot financially in terms of his shareholding. Also, from personal achievement standpoint, the last 10 years or so will have been a failure.
Totally agree. Those 3 were in it short-term to pass the time until a better opportunity came along, whereas Dan has a vested interest and would have seen it through if he wasn't ousted
My only concern is the funds. If we suppose we remain at this SP until further news on nxp002/004, what is our financial situation as per the Lanstead deal. Are there enough funds until Q4 2023 as stated by the company (are they using best case scenario deal via Lanstead) or should we be sceptical? We've all been here a very long time so I would rather see this through to the end providing we can get there without being out of funds
if a new CEO is brought in, it would be after the NXP002 data. We would have plenty of data and possible licensing deals done.
Someone with the skillset to find a buyer for nfx. This will be their ultimate goal. It's a common practice within corporations. CEO receives handsome package for getting deal done.
I think another interview to reassure investors on the leadership, or some sort of update needs to come in soon to restore some sort of faith with the company.
News is due soon and we all know it. That is why we are having the fluctuations in SP...last week it crept up as we were anticipating potential liberum broker news, conference news plus other potential news. News did not come so SP came back down.
However, we are at the cusp of something great and news is imminent. With hindsight, I could have sold/bought/sold/bought many times but the risk of being out when news lands was too great. FOMO
Seen this guy pop up on the board before.
Only have to check out his last 10 messages (could have seen the rest but 10 was enough) on this board and all negative...hmmm???
Is there an agenda???
We all know BOD don’t give a damn about PIs but which is likely scenario IF company is to be sold? 1) take company private and off AIM and then negotiate sell off. Is this best for BOD (director’s payoff) 2)keep company on AIM and then sell to another so that we all get something back
Ok so out of the 2.11m + 2.22m, 900,000 is missing. So the bulk is there and set aside for remittance license?? IF we find funding, we still have a good chance of making it a success
All of this money was raised this year. Where’s it all gone in a matter of months??
Didn’t tencent make a low offer at the beginning of the year? ( a few pence??) The company should have accepted that offer at the time. Seems like a good offer right now
Is that the case? All money has been set aside and we are simply waiting for the license??
Nobody wants to listen to your BS. Get the message! You’ve never provided any significant news or facts, just some random and baseless opinions...(let me be like you and give my fact less prediction, and I’ll act smug in a year!)
If you have no vested interest then why bother with this board. As you have mentioned you have no stake yet the constant negative opinions. Why would someone spend so much of their time (day and night) to feed their negative thoughts on to this board???
You're no saviour! Everyone is in this for themselves, whatever their agenda