Interviews26 Jan 2026 07:32
I’ve just listened to the last two interviews and my god, they are woeful. So amateur, so full of bull, so vague, so contradictory. I don’t think you can take anything at all seriously.
Aside from all the nonsense I think the response to the deal value / structure should be a warning to everyone. It is clear that a deal, if he manages to do one, is a typical licensing deal. That means 90% of the value will come in around 5 years time (if successful). So if you get a ÂŁ100m up front payment you can expect a market cap below that for a considerable time.