RE: Pedigree10 Jun 2021 08:57
I never mentioned a Canadian chap.
You went in heavy on a completely saturated market by the big boys? You thought HEMO would edge out Pfizer and Eli Lilly and the like?
Look, I was convinced GlobalCo wouldn’t walk away and we’d work together through to trials and possibly beyond. I could not see how they’d dump 3yrs of collaboration and expenses, extending the collab multiple times themselves for a year then sack us off.
The set up was such that it seemed to be the fact that only a binary outcome was possible. They licensed it (bought it) or we did from them by getting their IP. I think that was CARP and I still do! As things stand GlobalCo haven’t bought it outright yet haven’t walked away. It’s a situation many seem to not get their head around.
It’s a given that the RNS process they’ve implemented telling the market that GlobalCo did not wish to exercise the option intimated it was game over. But the RNS did say ongoing negotiations continue (which everyone seems to ignore). By not communicating the whole story at once they have made the situation look rather poor.
So I remain of the opinion (as before the ‘no option’ RNS) that GlobalCo DEFINITELY do still want CDX and that negotiations are DEFINITELY ongoing and no one has walked away.
The no option RNS was a complete PR disaster and would have not been so if it had been delivered with the FACTS about how things will work going forward. But it wasn’t because they weren’t ready. And it smashed the SP up starting the downward spiral which was expedited by the CLNS then kicking in. The BOD completely misread the room as the impact of the no option RNS.
Anyhow, as lat night I believe the BOD will turn it around (after much unnecessary pain).
My confidence technically has not been proven wrong until details of how CDX will move forward are shared and only if GlobalCo have sacked us off will I concede defeat.
No one could have predicted the last two months and however much BS you post Pumpky I’d suggest your decision to think HEMO would be a player in the COVID market is worse than my view (and remains so) that GlobalCo absolutely want CDX from HEMO (for starters).
So spare me your waffle.
GlobalCo will work with HEMO on CDX. It’s just taking a while to sort.