Member Info for PaulBrains

Yup - definitely worth more than -12p since equities can't go below zero ;-)

He starts with "I’ve been concerned about the true cash position"

making the implication that Scancell were hiding something - that isn't right.

Yes, Bermuda - Mayo's post is absolute garbage I'm afraid to say. Sorry to be so blunt but it needs to be said.

That "just" is doing some very heavy lifting.

It's not £8m - it's £2m on the Open Offer. The rationale for cutting back in July was simply to extend the runway so I think the rest of lengthy note is redundant.

Would be much better at current market price to have a split buyback/dividend policy in my view

Clearly not the "BestInvest" ;-)

No - 250k or a mere £30k

The partnership with Philips isn't exclusive.

Surely just gets updated on "Holding in Company" RNS?

Depends on price nearer to the closing date

I highly doubt costs would be £2m on £8m! We'd all be doing this game otherwise. More likely somewhere between 2 and 5%

There are a few consequences related to the placing.

Intuitions that wanted in prior to the placing would have needed to buy in the market.

11p will likely act as a magnet in the short term with some happy to take a quick buck if price starts to climb and others happy to support price around 11p since they want to get same terms as placing price.

I think you've got the wrong end of all sticks Mayo - if I may be so bold as to put it that way.

The way I see it.

They need to do a lot and couldn't manage it within the cash resources - new CFO comes in and runs a load of scenarios with management - let's raise - we need about £6m but if we can get more brilliant - that's how it turned out.

It's highly unlikely that would have been the conversation.

As expected - more dilution but loads more cash also.

One word.... patience

Warned about what exactly? Science and data has been exceptional. Placing is as a result of wanting to do more and needing cash to do it.

Miavoce, IG will simply have hit their internal limits on scancell. Nothing to do with placing.. timing merely a coincidence

Totally agree and I do the same - obviously one could set up another account with a random name.