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Here we go Sl100.....

Over the past 10 to 15 years there has been a move in some quarters away from strategic purity (which is where Porter and some contemporary researchers position themselves). This alternative camp is based around HYBRID strategies which combine some element of cost or differentiation for example. Salavou for example has published a great journal article on this in 2015.

You will find different positions around these debates and like it or not Porter is still relevant and taught in the top business schools across Europe and beyond

None of the above makes much difference because what I said earlier about the currently strategy working on paper but not in reality is still true. This comes down to the engine house of the business aka the business model and in particular the need to commercialise and/or partner. These parts have not been functioning as they should which is not totally surprising given the stages the drugs are at. What this leaves us with is PIs funding the drug development which is why the SP has over the years gone largely one way. That is why a) they need to fix the disconnect been what is said on paper (their website) and what the reality is by finding partners, licensing and more generally looking for commercial applications that can make money now, not in 5 years time As part b) they need to look at where costs can be saved and how to improve their pr machine.

SL100-I really do not want this turning into who knows what and who can show off. Trust me when I say I know this area inside out and back to front.

His 1980 book titled Competitive Strategy: Techniques for Analysing Industries and Competitors is where I am quoting. I really do not want to get technical although essentially he argued the need to have a clear business level strategy. For ValiRX it is operating with the Focused (niche) type strategy whilst differentiating itself through various means including taking proprietary & novel technology toward commercialisation/partnering. Unfortunately this to date has not worked and in effect they are to quote Porter 'stuck in the middle' with no working business level strategy. It works on paper but as I say the current strategy is not working.

I have repeatedly asked for a plan with is granular in detail because there is and continues to be a disconnect between what they say with what they deliver. This needs rethinking IMO.

Thank you Fred. I really do how the wake up call has well and truly registered with the BoD. We all want to see ValiRX succeed and more of the same is a 'recipe for mediocracy' (at best with this company and at worst the continued downward slope to the SP).......Not Shakespeare but something a little closer to my taste from Michael Porter on strategy.

Let's hope there is some positive news but the fact I am saying hope is not a good sign. Anyway, still hear till the Summer and then reassess assuming the company is still around. That's my positive spin for the day and signing off to catch a flight for the thing that does actually provide money. One day perhaps this company might be investable and we might be millionaires .....or am I dreaming, sorry delirious.

There is a simple fact. If the consolidation goes through and there is no positive news the SP will be hammered by the placing. No other way of looking at it. Therefore, we will all be in a position of waiting for positive news to start climbing back to the surface from the yet deeper hole we will be in.

Well someone has got cold feet with a just shy of 6m sell. I am very surprised not more have sold that bought in at around 0.01.

Well that picture email wasted 4 minutes of my life to read. 10 out of 10 for grammar and writing style though. At least that is something.

Well it does not even do that. It is waffle with no plan put forward.

In all seriousness and respectfully the email could not be RNS'ed because it is not news.

likewise....when is the email being sent?

SL100-Just as risky and if not more so than not voting against unless people are hoping on a positive 201 RNS before the placing?!.....

Other than that, normal service will continue if the BoD go unchecked imo.

BB-I understand where you are coming from. What I like about the LSE board is we are all fairly balanced in our views. The other board is terrible and by conflict that is partly what I had on my mind. My personality is such that I simply do not like conflict. That said, and when I feel there has been an injustice, I do step up. This is where I take issue with the BoD who have not communicated a plan which is a prerequisite imo for this company to have a chance of continuing. Using the words of others, transparency is important and the BoD should be minded of this. Clear communications from them about how they intend to put this company back on track is needed to start to rebuild market confidence.

Definitely worthier a view and for anyone else interested-'Profits without Prosperity'.........

I tend to walk away from conflict. Let's just hope the BoD do something positive to put the company back on a track that gives a chance of medium to long term survival. More of the same is a recipe for disaster.

BB-if you are interested there is a really cool video about he Harvard Business Review article called 'profits without prosperity'. Google the title and it should be the first hit in google. The article is interesting and the video summarises some key arguments about all types of interesting issues such as share buybacks by companies, how bonuses have changed over time. A US perspective based on the S&P index. Not therefore for the type of investments here but still very interesting stuff!!!!

As a note to all-with AJBell at least I am able to vote now and still amend the allocation up to the closing date. A nice feature which at least sends a clear message now via the Broker..........

I will not be changing my mind unless the BoD engages with a plausible plan and/or positive news. Very disappointed the BoD would think they can simply carry on as normal (apparently) at this 11th hour.

I will be voting tomorrow morning. It's a real shame ValiRX has not published any news yet.

I am in agreement with ValJu. The BoD need to put forward a plan and communicate this. This is not too much to ask for is it?

I could walk away with 60% of my investment now. I am not a wealthy person and this would be painful but as I have indicated previously this is the time imo for the BoD to stand up and communicate clearly. So far I have only seen the need for money and no strategy/plan on how this company is going to move forward. They have more to lose than me and I would urge the BoD to communicate via OFFICIAL channels this week rather than wait to see how the vote is going.

In my opinion I find it hard to believe a company can look to consolidate (with the implications of a subsequent placing) without saying what they intend to do to develop the company and shareholder value. I really do hope they have a plan and that this will be communicated this week.

Is this asking too much?

This is a rare opportunity where the BoD are paying attention. To allow the consolidation and subsequent placing to go ahead will simply allow 'normal business' (the gravy train) to continue. Without saying too much about what I do, I do work with the "S" in SMEs (not in an investing function normally) and from my experience they will threaten all sorts of things including administration. As Dracula1 says, the company is heading that way and this is that rarest of opportunities to have a hand (and have power to do so) in changing the status quo. The status quo has clearly NOT WORKED for SH's for many years and change is needed if this company is to move forward. For these reasons, I will continue to put pressure on the BoD though these discussions and be voting against the consolidation and subsequent further dilution of my holding.

Hoping for some miracle post a consolidation is a terrible position to be in. One that fills me with dread. This also simply allows things to continue unchanged. NOW is the time for action and the BoD must realise this.

Nothing short of the SP rising significantly will be enough for me. They need to issue news in the next few days that will do this. Full stop.

To allow the consolidation to go ahead without news will imo see the SP fall by a further 20 to 30% from the mid 12p's range (after consolidation). Therefore a vote for consolidation is a vote for the SP to be hammered again.