Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
That is there for progressive fluff to keep people entertained. It makes you feel progress and they use it as bait.
All about trying to keep investors interested as they struggle to bring in material info with no money to drive anything.
NXP001 bait dropped next will be NXP004 bait after that a cash raise and then if miracles are possible they find something tangible next year for NXP002.
These are only my workings nothing official and guesstimate on running operating costs etc.
£259,000 cash
£22,000 average x 7
£158,000 Lanstead payments
Tax back from government support on tests £90,000 approx
£70,000 placing
Total £577,000
Less £350,000 test NXP002
Less accounting and listing costs
£50,000
Less patents agent costs £30,000
BOD fees £60,000
Travel and expenses £20,000
Total left £67,000
I’m fully aware of the silly rat route Anne and Co dragged us down. Was against it from the very start. Destroyed the company.
I am also very aware of the exceptionally limited studies done after to try rescue the company.
They need more as per last RNS.
They are only in consultation period with interested parties who are asking for further work.
This is the problem NFX has no business anymore just a virtual office on screens.
They need money to do the requests for parties.
As I say deal or placing. Take your pick.
Better enable, not will enable!!!
Additional data! Not current data!! Last update.
They need cash they need data. End of.
“The net positive impact on our cash position will better enable the Company to progress our core NXP002 and NXP004 programmes and respond to requests for additional data as we continue partnering interactions for these programmes."
Results in December will be interesting on costs spent if further trials have been done.
They raise 70k sold few quid in NXP001 the other day obviously keeping the lamps on.
December is the popular month for raise.
So safely say a placing is inbound. 0.2p again? We shall see.
What’s made up? Do you know what you are invested in?
“ Next Steps
Following the success achieved in these studies the Company's next steps include:
· Expansion of the current studies to include tissue from further human IPF tissue donors to demonstrate the robustness of NXP002's anti-fibrotic response alone and in SoC combinations in multiple patients; and
· Formally commencing the NXP002 partnering process now that Company has the minimum dataset required to support NXP002's development as an inhaled treatment for IPF, for use alongside SoC's.”
I guess they have to do studies for anybody remotely interested who will want to check the data and the prior issues in duration which they had in rats.
Human sliver of lung tissue was a quick test. The human model testing is far more expensive than rat data.
Anne B spent £1.5 million taking the company down the failed rat route.
Reason being is pharmaceuticals use that data as standard when looking for purchase of drug companies. So the limited tiny get out of jail lung tissue model they did after is probably too limited.
Therefore I’d expect interested parties need further work.
The problem is who pays! Won’t be NFX as they don’t have the cash model now.
So according to the telegram group, further studies have been completed? Yet the BOD do not wish to publish the results on NXP002?
What studies?
How much did that take out of the few pennies they have?
Why would you then not publicly publish this on a publicly listed company?
Shareholders should be informed or was the data not what they hoped for hence the removals before of the duration in rats which failed then tried again but pulled it halfway through and switched direction to combined SOC therapy rather than standalone treatment.
It takes nothing for a company to explain ongoings. They want to engage their shareholders and others with this business. The problem is they have always hidden anything bad from investors. They have told things with such vagueness that it’s always painted in a rosey form.
I don’t expect gloom but the fact this patent has been amended due to refusal. The fact they have against their will removed certain items due to refusal. Take nothing to play with a straight bat especially after lessons learned.
What I highlight is nothing has been learned and games are being continued.
NXP001 is now out of equation.
NXP004 reduces the amount of required powder!! That’s it! So how appealing is that for acquiring longer patent utilisation yet anyone else can just use the original powder lol
NXP002 requires further test before Phase 1
It’s now only a combination treatment to support SOC although someone with larger products maybe able to sort out the issue with duration.
NFX ran out of cash thanks to stubborn management and personal infighting leaving people to go in bad ways.
Bridges badly burnt all over the place.
This idea they will get some massive deal at this stage and position is ridiculous. They would just be happy to pass on the company as a going concern at cost to keep it moving towards success.
Every day that goes by now that couple 100k they have left will pay only basic listing operating regulatory costs for next period. No deal soon and they may have one raise left in the pipe.
Anyway
Love NFX it’s going to make me so rich 🤑 I won’t need to deliver papers anymore on my skateboard and walk dogs.
I know exactly what they have put and I also no exactly that they don’t know if that will get passed.
I also know exactly what I stated and the facts you stated below which as I said misconstrued what I said and you now try cover it up.
They don’t have the patent
They cannot negotiate without that confirmation
They didn’t inform anyone that this was going on during investors meets.
There is no guarantee
They have no money
They have passed on NXP001 because they cannot even afford to maintain its patent portfolio
Oxcillio acquired I believe for 500,000 shares a certain someone’s consultant firm that had intellectual knowledge on Nuformix!!
So to broaden the horizon on that. Who profited out of NXP001
To say royalties and milestones of any sort will benefit a shareholder here is laughable. NFX won’t be in existence.
You continually stated that they were getting product NXP001 pushed along by OX and money would be coming lol
Yep you got couple k and now gone lol
Arrogance never pays.
“Moreover, a concrete ground for supporting the applicant's allegation (experimental results, etc.) is not presented. Therefore, the aforementioned allegation of the applicant is unacceptable. ”
11 and 12 strongly refused.
Will that do primary school teacher!
Play the ball not the player for one.
Secondly you are ignoring the fact that I stated they don’t have the patent.
You ignore the fact I stated they didn’t inform investors and again play games with they holders by not informing them of very significant issues.
You also ignore the fact you certainly cannot entertain any negotiations if you haven’t got the patent sorted!
You have no patent and it’s only just had amendment sent to try sort out the refusal on two counts.
So
To repeat, They don’t have the patent you are currently in a position where it has been strongly refused on two counts and are unable to know if they could turn this around.
You are not able to say to clients you have rights to protection therefore they won’t even entertain you.
The company never informed anybody on this matter. Please show me the RNS from March showing patent refusal to inform its investors!
Please show me in the meetings done since by the company where they informed the investors?
No.
They have submitted a request.
It’s not been processed and awaits review.
Therefore you don’t have the patent and the product is at high risk. Therefore not possible to say to interested parties that you actually have protection of it.
Bit like dragon’s den. You know when they ask the candidates if they have secured the patent etc and then they give excuses and that’s it. Bye bye!!!
It’s seriously embarrassing and naughty to have hidden this from March to only the other month.
I can see this getting delisted soon. Kind of runs with the family of those stocks that directors of Leveret holdings CTAG Berm Ebers Seem to have form.
They promise loads of huge things with massive numbers created out of fluff and raise capital at pennies but list many multiples of that and get the private investors in at high levels. Then place multiple times trapping investors in at sky high numbers causing them to average down again and again till they can take no more and lights go out.
I see that now rolling in rapidly here. Family silver has started to be flogged off at peanuts to try keep it operational in hope good fortune arrives. You never know. Problem is these outfits normally fail now! Someone will get the product but not investors!
When it comes to trust! Funny how the board of directors in their pumping meetings and telegram chats don’t mention issues with the one thing that matters and that’s the patent for NXP002! You better hope they can sort this and again as mentioned! How could you even negotiate with partners when you don’t even have the basics covered on your product you want to flog them!
Looks very embarrassing imo