Member Info for MysticMike

Poker chips Tim’s 2 years are likely to be 4-5 years on past timelines given by him.

Another thought if Tim does not announce a deal before the AGM they will need a bigger venue and full security because there will be many annoyed and disgruntled shareholders.

What planet is Tim McCarthy from he is so deluded, if we had 10p on the share price for every broken promise and the continual promise of more comms it would be around £3.50. Listening to his latest car crash interview you know what he's not saying by his body language and the way he says things and how he leads the interview. In respect of P140 he wants to say we are still in discussions trying to convince any pharma who will listen that its worth a punt. He could not say we are in advanced discussions with a top ten because he's not but he wished he was. Tim has always been a Walter Mitty and he believes he's achieved many great things like diluting shareholder value very easily, he streamlined a business too late but patted himself on the back. What he also forgets is that this drug from left field was first highlighted this time last year and at that point he thought a deal might be done before P140. And when says key shareholders we all know he means Lanstead, Avion and some of the new people Ketan has identified. Tim has to remember this last 18months will not be forgotten by most shareholders and if any evidence ever came to light of wrong doing he would be legally pursued. I believe he's on thin ice at the moment especially with the very poor P140 progress report. On the other hand he could be playing us all and letting Lanstead and others get cheap shares so they get more money from any deal or there is a deal but its only worth 15p to 30p because its similar to the Avion deal that has now been running 6 years and delivered nothing.

Hamila01i agree a buy out would be great but regretfully Avion don’t want that they want shared royalties over the next 20years as it is better for them. However if a buy out deal were put to shareholders then I think it would be taken. The discussions going on are obviously 4 way, Immupharma, Sylvaner Muller, Avion and the big pharma. So this all depends on how much the big pharma want to pay on how quickly a deal is finalised. We must also assume they are still way off because a heads of terms has not been signed yet.

I believe that Lisa'squote regarding partnering discussions is not good just look at the Avion deal in 2018/19 what a waste of time that has been. Tm's deal for Immupharma or Incanthera have always been poor and a straight buyout would be much better for shareholders. Tim wants to do one last amazing deal I just hope it's not another poor partnering deal. Let's all hope because he got the end of 2025 wrong and early in the new-year wrong that the deal is getting bigger and better. Downside is it could be getting worse because Immupharma's track record for having good accurate data is also not great. Due diligence will take longer for anyone dealing with Tim McC

Bonneville I asked Lisa the question of negotiations and I did not get a response. So we have to take her word and they are still in discussions, probably three way with Avion and another about what type of deal they want to negotiate. Tim McC has made so many mistakes and broken promises and poor deals both here and in Incanthera that this his is last chance to pull off a big deal before he retires. Let's all hope he has it in him and history does not repeat itself for poor Tim.

Thanks VikR for sharing your email response, I’m surprised we’ve not heard from Silversurferceo about his questions to Lisa and her responses, I do wonder could he be our Tim McC? I don’t think so but stranger things have happened.

Halfbutt Tim does not care he is a poor CEO look at how he’s treating shareholder in Incanthera I’m just glad I did not buy in there. Tim also tied up a lot of our money and we are still at a loss on that investment. That money would have taken us into 2027.

I was hoping for a heads of terms by now without one does it tell us that there are still more than one party involved in discussions or are there none and the board are trying to get others interested?

He gap is narrowing buy at 7.88 and sell at 7.36, early it was like someone was trying to worry people into selling which then brought the buy price down. A lot of manipulation today.

At the moment HL are offering 8.15 to buy or 7.44 to sell that's a big difference anyone know why?

Silversurferceo, I know Imm have money to last until Nov/Dec but if you check the reason for the last raise with Lanstead which was over several months because Tim and board were convinced a deal would be done in 2025. We also know that the longer negotiations take the nearer to year end we get so as Tim put it we are in a weaker position when negotiating. So I'm not telling porkies or trying to create fear, but I am worried that we have had no comms from the board apart from a chosen few who Lisa or Tim's ear. I don't think you have ever told us what questions you asked Lisa and answers from her.

We are now into March and all we can assume is that Tim got his dates all wrong and that they are still in talks with one or more partners and takeover pharmas anything else would have meant some sort of communication from the board. If we get into May with no deal they will need to raise more funds.

Does anyone know when this deal negotiations started? I know the Immupharma will take longer due to being at stage 3 and the magnitude of P140.

Investor relations with in Immupharma have always been very poor unless you are Avion. Lisa needs to sort out some sort of update to all investors not just the chosen few. There was no update from their jolly to San Francisco I’m sure something from the conference could have been shared with us. When they want your money to pay their salaries it’s non stop comms.

We all know that when Tim and Co talk about the best deal for shareholders they mean Avion, I think it is Avion who want the longer deal of large royalties for the next 20 years. The big pharmas would ideally want a straight takeover with something so big. I think this might also be why no other deals have come through as Tim also eluded to in a number of interviews. I believe Avion are the delay.

Quickwin you are probably right because I ask questions that have still not been answered fully by Immupharma like why have they never told us why Avion did not start phase 3 when they promised it would in 2019 and 2022. Also I asked for and update on whether talks were still going on with a big pharma, I said no details of who just are they still ongoing.

Tradedan my concern is that the big pharmas have gone away and we are talking to a smaller one so our deal will be over a longer time and initial up front payment will be smaller than what people think.

Hamila01 i asked Lisa is she could confirm they were still negotiating with a big pharma and she did not respond, not sure what it tells us but it is a worry.

Has anyone emailed Lisa in the last week or so and not had any response?