Member Info for PJT12

Strangy83, "We are now on the cusp of a rebate..."

Blimey, Strangy, that's optimistic even by Sujood's standards ;-)

Isn't the fact that it's just really tough to raise money at present, especially in this sector and market at present? Events at C4X and RedX Pharma are both worth reading about at present. The latter had done really well - both by way of some really big deals and cash in the bank but the market just wasn't giving them the credit they felt the deserved, hence they are getting out and looking elsewhere for funding. Feel free to correct me but that's how I saw it. AVCT were most likely advised accordingly?

"I'm young enough to wait"

Sooooo.......Timster.....ever seen a grown man naked?

(For those too young to remember the movie quote (Airplane - 1980)

https://youtu.be/wfgO90yGusI

I know what AS would have replied to my question if he had rolled up: "Kept my job".

Maybe I'll give him a call....... :-)))

Unless I've missed something and especially in view of some of the criticism he's received, good of AS to present at today's IMP meeting. My question to him - which could provide a fairly telling answer:

Looking at your actions as CEO over the past two years, what one thing would you have done differently in order to have improved your legacy?

Donkeyeeyore, you know what they say about sarcasm, or maybe not, you witless tw@. Nothing personal though ;-) I was replying to "Perhaps AS realised his own shortcomings...."

I suspect II pressure played a large part in his departure.

"Chris"? "CHRIS"?! Standards please, PL. "Dr. Coughlin" if you will.

What's Myles thinking? I CAN'T DO ANYTHING UNTIL MYLES ADVISES US!!!

The most worrying aspect of the Chairman's statement for me was the following para which has heightened my recent concerns. I have been very conscious of what has taken place at Redx and others - delisting from AIM and, more specifically, doing so off the back of the market failing to recognise their very strong positions (including having done some very big deals and with much cash in the bank); If more advanced companies such as those do not see the point of being on AIM then where does that leave Hemo on the future fund-raising front? Contrary and sensible arguments only by way of replies, please:

"While we accept that recent market conditions have been very difficult, we have been disappointed by the successively lower price at which we have had to carry out our fundraisings in the UK market, in the light of the progress we have made and the view taken by Prevail Partners concerning our status. The capital recently raised will undoubtedly take us materially further forward and we are now looking at a number of strategies for the future development of all three of our current product candidates."

Prof Sir Marc Feldmann AC, FRS

MB BS, PhD, FRCP, FRCPath, FAA, F Med Sci

Chairman

PL, I might be talking out of my backside here but looking at one of a number of recent stories concerning AIM biotechs - the following concerning C4X in particular - 'deals' don't appear to be enough in the current climate? Apologies in advance if I've misunderstood different circumstances at AVCT.

https://www.thebusinessdesk.com/northwest/news/2130947-c4x-to-quit-stock-market-and-seek-venture-funding-for-drug-discovery

Timster, we've an opening on the phones here at The Samaritans if you're interested? ;)

"Thank fully, the CEO has secured a large European healthcare investor! But has said he can talk due to a 40 day blackout! If Jeremy Beadle was still with us would he appear on an Avacta video?"

I think back to similarly mentioned "NDA's" in previous webinars of years gone by: "(Sharp intake of breath) Can't talk about that, son. Ooh! No, sorry. More than my life's worth (wink, wink)."

Surprisingly, nothing ever came of them, despite some PIs clinging to their belief in desperation rather than belief.

"Mr I hopefully that's your thought for the week. Silence can have positive connotations too. Like, working away industriously, getting the job done and we'll announce something when it's tangible and there is something of merit to bring to our attention. I would implore you to rest on what you have said, be as patient as you can be and not let this be flavour of a daily or hourly post. News will come when it comes. GL you and all"

I think Chris0123 provided the perfect response to the original post in this thread and it's probably best to draw a line under it here. It serves no real purpose to continue commenting on an 'opinion' which adds nothing further towards understanding the actual prospects or the science here.

One thing is for sure: whining negativity is not going to achieve anything. Either sell-up or offer something constructive seems the obvious answer to me.

Most probably driven by fear of potential M.E. escalation over the weekend, unlikely as that currently appears.

Nothing in there that we didn't get up to in Mr Jenkins' Yr 5 science class ;)

Hikikomori, 20k max.