Member Info for Mikey279

the giveaway is actually in the RNS...0.11% which is roughly 17.9m -17.6m late reported sells, so they roughly had 300k as of yesterday morning hence price action

From results:

"The Group is in late stage discussions with a number of well-known pharma and biotech potential partners. It is anticipated that such discussions will be income generating and will provide both non-dilutive funding and commercial validation."

"Assuming the receipt of this R&D tax credit as planned, cash is forecast to last until October 2020."

"The Directors believe that current collaboration discussions will result in a material cash inflow during the coming financial year. Such cash receipts would extend the cash runway of the Group."

Don't think its necessary tbh, anyone serious enough can figure out they're gone...

There are two deals in place... C4X and NOVO...and MCAP at cash levels

so the delayed trades mean he is officially out then... under 5% meaning 0% 17.9m as of 25th, the delayed prints total around 17.6m

what is the benefit? he's been drip feeding the sells since around January time when SP was 6p, no sane PI or investor would buy into such overhang.... and then you just look at the valuation as per march RNS... 26p!!

should do well from here, GL all

sold majority of nano after 110% ... lovely, took some ETX.... woodford finally out after 6 months? still trading around cash level

1.1m in shares.... they even waited for an 80% recovery from friday before buying in, there's life in it yet I guess

not your typical 10k's worth by a non=exec

happy days!

some bounce... 100% now, 1m in director buys and largest holder increasing.... should see a continued move up

less shit talking and more buying would've seen a 100% rise since Friday...... plus momentum from HUGE director buys AND increases from LOAM should ensure this continues moving up....... not your token 10k buys either

GL all...

1m in director buys... not your token amounts took its time for announcement though!

So they did end up placing..... got to admit it’s at a good price though and a small amount

thoughts ? its a pretty good placing price IMO considering recent rise.... obviously relying on the FDA decision which should be imminent but seems real cheap sub 5m mcap

looking good here, that big buy will underpin the SP....

Well someone’s buying them up... the UT at 9.46 will also gap it up tomorrow

Well the project forecasted revenues well into 2020, most recent update suggests the most are to be realised at the end of current calendar year unless I’m missing something obvious

Does the forecasted revenue for YE July 2020 not answer that question?

It's pretty clear that the whole project is 'over', but the relationship isn't

The question is, did it warrant an 80%+ drop..... definitely not with the IP they have

It's not a bust but rather a hiccup and not because of Nano.... so can definitely recover

Not even a comment from ME to say... we are disappointed as such etc etc too much implicitness

Almost as if it were set up for a follow-up RNS..... wouldn't hang my hat on it though

They did give the market this though:

"Other potential uses for the technology are being explored with a range of customers, including the US Customer. The Group also continues to work on a number of opportunities in a range of sectors including display."

That and I believe the IP has some significant value to it in relation to current MCAP

I can’t see where that info is coming from... it appears capex was paid by the US company to expand the EXISTING facility, I can’t imagine there’d be any exclusivity rights attached to it unless the contract were to continue

It will likely be mothballed until someone decides to put it to use and a write off for the US co

Let’s be realistic here... they are one the same imo the forecasts and revenues being weighted towards 2019 suggest this.

Positives...
- There is still half a calendar year to ‘rectify’ the situation,
- 6m at the end of the calendar year and no debt suggests no immediate need for a raise, plus you’d imagine they’d struggle for funding without some news in the right direction
- They are still in talks within the US co, suggesting the relationship is still there
- There are apparent talks of other deals with other companies
- A 4m production facility
- Strong IP

Some director buys would be significant and perhaps an update in the near future,

That said.. there is a good chance for a decent bounce here, and provides a low entry point if you believe or want to average down

Surely that is insider trading... look at the whole board dumping in the months before this?

Looks way overcooked for sure though

Fair play, I see it now:

The Chief Executive Officer has provided a letter of financial support to the Group to make sufficient funds available, if required, to ensure the Group can meet its obligations over the going concern period.

I saw someone mention why not place now so he can convert the CLN's and still be below 30%.... easy answer it would devalue his current holding and stop the 'momentum'

May take some in the morning.... still very black or red though