Member Info for neon

No hope, no business, no nothing! Man, once I thought it's gonna be a multi billion dollar business, look at it now. Sad times for all AIM shareholders.

By 2027! How many fund raise would be needed prior to that? Proactive is just spinning it. Incompetent management, super expensive product that nobody wants, jam tomorrow company, God help all the shareholders today :(

Market anticipated it anyway, let’s see how much it will fall this morning.

Well done to those brave individuals who saw this trading opportunity

I don't know about you but I've stopped adding any fresh money to UK stocks until market rebounds. Online bloggers shouting from the roof top about buy the dip or buy while the market is so low because it will always recover but I've seen so far stocks going down no matter what you do. Yes, it partly depends on your stock picking quality but even then so called investment gurus can get it all wrong. For example Paul Hill from vox used to promote SED a lot, now he has egg on his face with this new outcome.

UK stocks are not investable anymore until macro improves IMO

I’m not in, well haven’t got any funds left but it looks like a perfect opportunity to buy IMHO! Yes the update wasn’t what investors expected but it was t a disaster! With growing sells, the equation could change big time. I’ve a feeling the SP went down because of big stop losses kicking in so the SP might recover big time from this level before the close.

GLA

Gtc1507

Thanks for posting the link

This has dampened my enthusiasm slightly.

"We are not publishing FY25 financial projections yet but anticipate revenue will be in the region of £2m. Our model

assumes a cost base of c. £250k/month and we anticipate revenue recovering to around these levels by mid/late 2024."

And I thought the cash burn was around £55k/£60k per month. Hahahha

It also said, "We believe it is prudent to reduce revenue to the indicated £1.15m level, even though there are some weeks remaining in the financial year."

I suppose it will take the company a while to become profitable or as such, but will remain speculative with odd spikes with news. So provided our trades are timed properly, we can still make some bobs.. lol

GLA

Paul Scotty in action ;)

"Lack of diagnostic testing equipment is said to be the biggest bottleneck - the NHS has four times fewer scanners than Germany, for example."

Https://www.bbc.co.uk/news/health-68171163

"This route to diagnosis is surprisingly common. While there is a big focus on screening programmes and urgent referrals from GPs, one in five cancers is actually diagnosed when patients are being seen for something else, according to Macmillan Cancer Support analysis of NHS data."

Hope Hype Potential will be back on OBD way sooner than I expected.

GLA

Sad news. But it shows why OBD ‘s tech should become a must not only in the UK bit worldwide

It will save lives

Https://www.bbc.co.uk/news/live/uk-68210644?ns_mchannel=social&ns_source=twitter&ns_campaign=bbc_live&ns_linkname=65c1224b6e1cf501ac5dbd51%26King%20Charles%20diagnosed%20with%20cancer%262024-02-05T18%3A01%3A04.664Z&ns_fee=0&pinned_post_locator=urn:asset:acb9a52f-ff36-4e37-9011-fbea8b34faf7&pinned_post_asset_id=65c1224b6e1cf501ac5dbd51&pinned_post_type=share

I understand your frustrations but there is nothing you can do apart from cutting you losses and run if you are deep underwater which I won't recommend considering where the SP is now. The hope hype potential will return with further news. Until then, the SP will remain depressed IMO, which is an opportunity for new investors I suppose.

Lol

nothing happens overnight, it always takes time hence the SP fell from the highs. If you are a serious investor, just phone them and ask for an update. They are bound to take your calls and come back to you, if you throw genuine questions rather than complaining about the SP only.

JB's no: Tel: +44 (0)1865 518910

GL

Just call them

+44 018 6551 8910

Https://www.linkedin.com/posts/pmwcintl_pmwc24-prostatecancer-precisionmedicine-activity-7158647777353248769-8A0F?utm_source=share&utm_medium=member_ios

Well done holders

They said until mid 2024 so their burn rate is £500k/9= £55k per month roughly.

Provided I'm calculations are correct, 30 million at 3.50p will give them only £1.05M, not £2M. It has to be 60 million shares at 3.5p which roughly equates to £2.1M. Company already stated they don't need funding till Mid 2024 so please stop scaremongering. Besides how are you getting this information may I ask? Is it something you are investing yourself from thin air but claiming you are inside to help your shorts?

Yes they don't have huge amount of cash left, just like any other AIM company but provided they start winning new contracts like they hinted they are, it will strongly rebound IMO.