RE: Pure gambling now28 Apr 2019 21:28
Evidently I disagree - but I am just a data analyst, not an oncologist.
If the 'mood is positive' why have there been so many negative posts since the financing deal was announced on Friday morning? Why have Valirx had to use this company for funding - no large pharma has seen any reason to offer funding and it appears that they have been unable to arrange a conventional placing.
You may have averaged down to a little over a penny but, if they raise the £6m through issuing shares, you will need to more than treble your shareholding over time to maintain your percentage holding if the share price remains stable [which is unlikely as the financier will be selling, if, and when, they convert loans to shares].
Watch out for the TR-1 announcements. If Mr Slater sells up smaller long term holders should consider why. The financing company's investment will need to be announced through a TR-1 as well - start a new spreadsheet and model their holdings, warrants etc. If you are technically minded try using MongoDB which can be used with Kubernetes in a virtual machine [see Bitnami].
I fear that the only thing to wet the appetite is the need to approve the convertible loan arrangement or see the company go into administration.
But look on the brightside if you are positive - it is not impossible that the naysayers will be proved wrong. An interesting 7 weeks awaits for those who follow this share.