Member Info for Minnissage

I’m afraid Walrus a LOI is not a binding agreement. It is what it says an expression of an intention to enter into an agreement on proposed terms. A contract would still need to be signed to cement those terms making them contractual and time bound.

As the LOI is with an entity that will not exist post merger it is in effect meaningless other than as signifying an existing opportunity and relationship that THX can bring to the party. The contracting entity with VAL will be the newly established combined company post merger. Thus a contract must be negotiated with the new company to take 201 forward. That could be on the terms proposed in the LOI or the new company may require new terms which Val may, or may not accept.

It’s a common misconception that a LOI is a binding contractual agreement. It is not . In this instance it has even less significance since one of the parties will cease to exist on merger completion .

VValrus - there is no contract only the LOI. That is with a company that won’t exist if merger completes so a contract will need to be negotiated with the new entity and new terms agreed. Thus there is nothing the company could say even if it were allowed under regs as Patient well knows.

Don’t take this as me being negative. I am confident of a successful and speedy outcome as some of this work can be done concurrently with the merger talks. I think though it’s important to point this out in terms of timing.

Do any genuine posters here have any insight into the US merger regulatory requirements?

30 days + extension is up on Monday. I’m assuming that by then it has to have been completed or an announcement made that negotiations have failed and that it won’t go ahead. Anybody got any knowledge or insight on this ?

You are so right to call this out Share4. I gave him/her filtered and his/her other Id used on Val as it was so obviously contrived. It saddens me that others are clearly being taken in believing what they read to be based in fact

Does anyone know when the next trading update is due ? Or the next Q&A for that matter?

With Euda.com still down the obvious inference is that it is being rebuilt for the new entity👍

We can expect an attempt to flush week hands in the interim prior to US opening

If the merger completes as anticipated we can expect a blue day but not a RNS from Val.

Val will only have anything to announce once there is ink on paper for 201. They will be contracting with the new entity not THX so new documentation will need to be drawn up and, possibly, new terms negotiated. A lot of that preparatory work could already have been done. I think though that we can expect a steady rise in advance giving a higher value to springboard from once deal signed.

Looks like they may be of the same opinion over on PYC as there are a few buys there this morning g

Indeed Steamy, if I recall correctly, 4% of Val is held through a spread betting firm

Excellent and well reasoned initial post from Mr Wallows which helps explain why the SP has maintained its current position rather than fall back after the initial post Q&A enthusiasm . If he is correct and this is the mechanism to release already secured funds in a manner that gives access to future funding then there should be enough support to soak up selling across the free float. With a lot in sticky hands this is indeed encouraging for a continued if gradual rise pre announcement.

I think your prediction of 20p by the end of last week was also your opinion PI.

By his own admission Porky has been a paid ramper in the past. To his credit he kept his ID and does not use multiple IDs as others on this board undoubtedly do.

His history will mean a deeper understanding of mechanics and tactics than some on this board. To me it seems that he has some remorse and is simply pointing out the binary nature of where we are.

We know what the cash burn is and simple maths tells you it is running out. We do not know if that is being offset by lab income. We understand the huge potential here and all wish huge success for Val. We know the LOI is in place and the revenue potential. We do not know if that will be converted to contract.

Thus the ramping deramping argument is a simple reflection of this binary position and the vacuum that lack of news creates. As ever do your own research and come to your own reasoned conclusions before investing or selling out.

I’ve been here more than 13 years I think. Remain committed, have seen it all before but remain a believer.

That would be an interesting way of spreading risk PI. As Adam observed with 5 routes available each only needs a 20% chance of success for one to fly

That mixes up the party Iron lol.

Will the announcement delay 201 and put stress on finances or will it accelerate 201 as TheoremRx need to demonstrate they have the assets as part of the negotiation? Anyone seen a public comment from Theorem on the announcement?

I’m guessing Val will need to comment or ink the paper !

Absolutely agree Kidlington - resorted to filtering the playground and had a much better day as a result 👍

I may owe the BoD an apology then Freddie as I did not appreciate there was an accompanying Q&A giving some of the detail I was seeking

Agreed Sixth. Have run global sales teams and consulted in the telecoms and financial services industries. If you want things to happen you gotta make them happen. That requires strategy, vision and execution.

Of the three kinds of people - those that make things happen, those have things happen to them and those that go ‘ what the **** happened’ the BoD appear the be bereft of any constituents from the first category. They also appear to be unable to create a meaningful structured communication !!

It’s disappointing in that I’m sure there has been progress some of which could have been communicated. Even simply expanding on the comment ‘good progress’ to quantify why it is good progress and demonstrate the link back to the strategy. Even Tarquin could probably have managed that !!

So in the period since Adam threw the BoD a lifeline they have achieved **** all that is quantifiable.

Nothing a strategy execution, pipeline, mktg etc etc. someone needs to take the reins here and get a grip !!

The Murphy Canyon / Conduit merger was completed yesterday. If Sixth is correct in his hypothesis then that would indeed explain the repeated delays and lay open the path for imminent signature of the 201 deal. In combination with the lab launch - intriguing week ahead…….