Member Info for Midsummer

I was looking at a link to NICE payed by TheWatcher on this board re the stroke gene test. (18/2)

It seems that there is a POC product called the Genomadix cube already available from a Canadian company that they are assessing too in the Final Scope document of August 2022.

It does look far inferior a product compared to Genedrives tho as
a) it requires being kept at -15 to -40 degrees C and used within 15 minutes, whereas GDRs test can be kept at room temperature.
b) our test looks at 6 variants whereas Genomadix looks at 3
c) it looks like the Genomadix results need a clinician to interpret where as GDRs displays the result, so automated

Just thought I’d mention that as I’d not seen any reference to an existing product anywhere on this board.

Nissan, for your sake, and, mine, I hope it does.

I think we know what you would like so you can give it a rest if you like.

Carlos996- totally agree with you, it takes months of planning and negotiation to get the right deal in place. The wheels were probably turning on this since before Christmas.

Great post.

We don’t know the time line for the actual product itself to be produced and distributed, how much stock, if any, has been built up. All that will increase the future cash burn.

It feels like the last fund raise was designed to get us to pre- commercialisation. Back then the risk to the new investors was very great as NICE or other approval was nailed on.

Now we are on the cusp of that, hopefully the next fund raise will be on far more favourable terms to the company and give us shareholders a bit of a break!

I’m interested to hear why you say a placing would be at a multiple?

Also it’s not just talk that funding will be needed, it is stated very clearly in the annual report and from memory the auditors report was qualified because of the going concern issues.

I’m a big supporter of this share but the company has to act to raise funds in advance of cash running out.

Really?
I don’t think anyone had noticed : )

The US is the prize. But we’ll be bought out before then imo

I agree with you on what has happened… but I believe the stroke test will be successful in the UK and the AIHL test will be attractive to the American market and will pass the technical hoops it has to go through first.
Unfortunately not before another fund raise.
So I’m waiting for that and then will buy more.

Ohmi, I’m glad to hear you are on the mend after such a horrible experience.

Just wanted to say that in my local area you have to wait a month to have a telephone call with the doctor.

I was so appalled by this I contacted my MP and have an appointment to raise the issue with him. No other than the new Chancellor as it happens.

So my message is to anyone having to put up with a lack of services, complain, make your voice heard , tell your MP, make a nuisance of yourself , tell those who supposedly serve us what it is like in the real world.

I don’t expect much of an outcome from KK but I feel better for being heard at least.

Good luck to all, pray this awful situation in Ukraine ends soon.

I used to be an auditor and accounts delays rarely caused by the auditors dragging their feet. It’s usually due to difference of opinions on matters of judgment or inability to get audit evidence. Auditors are essentially in the service sector and are always mindful of filing deadlines especially listed companies.

That’s really reassuring to hear

So sorry to hear your news. What a terrible shock for all your family. Sending positive thoughts and best wishes for your wife’s recovery.

Please put me down for that also.

The year of the Tiger… a brilliant one I hope

Bacefook… you made me laugh. :) :)

Blimey you got away with that lightly.

Gazalad…if you care to view my first post I raised my question because I wanted to know what other people’s opinion was on a piece of news that alarmed me.

I was watching Newsnight last night and towards the end of the program there was a piece about Ukraine . The reporter said that the West were considering removing the swift banking system as a potential sanction in the event of the threat escalating.

Someone said they did not see how it affected Eurasia.

I wondered what people’s view were, as this news represented a risk and I have a lot of money invested here.

That’s it.

JonnyR… from what I saw last night, if the international banking system is suspended as a sanction then our dividend payments would be too.
A number of big events need to happen before we ever do get there, but even the thought of it made my blood run cold.

Sorry meant Ukraine. I was watching Newsnight just now and the journalists were mentioning that the West may threaten to withdraw the swift banking system as a sanction against Russia in response to the build up of troops on the border.

Is anyone concerned about what is happening between Russia and the USSR?

Just for balance for newer investors… You may well be lucky enough to buy at a ‘good’ price but then along comes a cash raise at a 40% discount and there goes the credibility of the CEO and a slice of your money to boot.