Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
I don't think they have any intention of exploring other avenues of assistance. They knew damn well that the new investor wanted this private hence this BS about going bust.
Only if I had deep pockets as I would possibly sue the directors.....they're probably sitting at home , smug with the fact that they're counting the queen's heads!!!!
All they have to do is shut down all operations incl suspending salaries (I wouldn't even furlough them) to the greedy directors. Resume trading once this blows over.
GW, the minute that Ezry was buying I think our directors knew his intentions so my guess that they engineered a plan.....wonder what that could be!!!
GW,
The Feb update, and only a month ago, clearly stated good sale growth with an award of a contract etc. Obviously Covid 19 has impacted on that:
"Whilst trading conditions have remained challenging, the Company continued to generate good sales growth for the 12 months to 31 December 2019, up 9% to $59.4m (2018: $54.6m) and expects to deliver a return to positive adjusted EBITDA** (2018: negative adjusted EBITDA** $1.0m). This improvement in adjusted EBITDA** has been assisted by a further reduction of operational costs completed during H2 2019."
Such a decent revenue stream. They must have been raping the company in their salaries ,as I previously alluded to. Likewise, very disappointed that they can actually get away with this.
DT, let's hope so. Like NicetoM, this is one of my bigger bets so was banking on some good returns even over the med to long term.
Looks like I need another shot in my expresso!!!!
The directors have bled this company and we the shareholders gave Ronen the green light with a bonus. Bet he's thinking..."it's sad news but I'm alright Jack".
Everyone should just go on furlough, switch off the lights and come back when they can resume business with Ruyi offering a deal which will ultimately give them control for peanuts.....keep it on the open market (for Shareholders sake) but with Ruyi now holding the Ace card for cheap production at a fraction of what they may have intended to invest.
Maybe Ruyi will provide a rescue plan....... and there flys a pig!!!
Not exactly doing the hi-fives but if it is taken over privately as a going concern, I'm hoping that us Shareholders will get something......
Ben knew exactly what was going on but is he generous enough to allow us to get even a sniff!!!!
Shareh, fair comment. As you quite rightly point out, shares investment is there to make money so a profit is money in the bank. At the mo, cash seems to be king and probably a wee bit of gold and/or precious metals!
I do believe that the the FDA approval will herald a marked improvement in contracts with a rerate due. Anything to do with Biotechs, pharma's etc seem to be the buzz for obvious reasons.
GW,
Once Covid19 blows over then hopefully in a year or two, we might see 50-60p........stranger things have happened and our new holder obviously thinks that there is merit in this company.
Prime, you must have jogged something. It was as expected with this RNS as I would have been shocked if they said that trading is fine etc. The virus is affecting every conceivable corner of the world, although shares in the food and drink industries might have been a good bet!
Their technology has already been given the green light by the FDA but even if ineffective against Covid 19, I don't see too much downside (if at all) as a result.
Prime...Chuckled on that comment. I think Draft is quite correct about MM games as the City is always awash with a nod and wink!
Back to eating Easter eggs and knocking back the wine.....that's the only thing I can buy at the mo!!!
Prime,
He might try, especially with current market conditions. I won't let go for anything less than 3.5p! :)
Hopefully a private buyout of at least 2p........if he trys for under a penny then two fingers!!!
Who asked for your opinion...eh!!
GW, I'm buying some ETH at the mo as I can't see it going lower than it is...but it wouldn't surprise me if it carried all the way down.......
Silver is looking good!
GW....Gold is actually slightly up and I believe that it could rocket as peeps look to keep their cash in a reasonably safe asset.
IMHO
Wass, suggest you park yourself on a sharp post!!!
Look at the wider market....oh and our good friend is still buying large chunks and has been all this week!!!!