Member Info for Porky9

@Ripley - trust you are well. Bottom fish in and out 10-13 but could be worth buy and hold longer with the funding secured - it east it has substance behind it unlike some of these other penny share dogs.

100% agree Nick, but if he has to have one eye constantly on the next placing whats the point? Its a distraction. Who in their right mind is going to chuck cash at something knowing they will be diluted to oblivian in another 5 mths, at best its a short term trade over a few weeks - its insane to hold for anything longer. Agree with Ratty, expecting consolidation event next 125:1 to get the share numbers under control before October/November placing, currently the number of shares in issue is again unworkable.

How you have the brass neck to start ramping again days into yet another shareholder shafting is just beyond me - shame on you!

History constantly repeating.

Clock already ticking now to the October/ November next dillutive raise if not earlier because you have about five months of cash runway and FA done about costs, FA changed about generating revenue and it remains simply a gravy train for overpaid administrators - this is AIM at its absolute worst.

Not to mention Nick, raising just 6 mths cash runway before your next raise is as useful as tits on a boar.

This guy just has one eye constantly on the next raise to keep the gravy train going - it really is obscene frankly.

You forgot to mention ,,, and the cash will last many months longer...

Its like a record on repeat, same old BS time and time over

Wasn't ME telling us all that No cash was required, runway was well into H2, what a load of cobblers. It was plainly obvious how long the runway was on the current burn.

What i do find annoying, is that there is a lot of charities, small businesses and small fledgling biotechs that could do a lot with a Million quid yet this outfit just gets cash chucked at it constant left right and center to squander. Joke

Give me 180k a year and I will chuck 5k at it - farcical

Agree with you though that it was a result for ME, keeps the gravy train on the tracks for a bit longer and funds his next golfing jolly in the US - nice.

As for long-term SH no problem, they have never mattered anyway so what's a bit more dilution and most likely consolidation on top between friends.

Give it couple of weeks and the ramping crew will be back, working it to the November placing.

@OB - Yep, enjoying the muddy pool although not as much as I would like tbh. Hope you and family are keeping well. Nothing changes here. Best.

A) Totally Predictable

B) Not Enough Cash

C) Consolidation event has to be bolted on now expect soon

D) Further November dilutive Raise

E) History repeats yet again...

I actually think the brokers should take some accountability here for allowing this. What is the point in raising 6mths worth of money at the current burn r

They will try and sell into it first ahead of the placing, knowing they can get stock back with the new issue thats what has happened EVERY last placing so expect this one to be the same.

Stand by my .15 placing estimate - will see

@PP

Hardly exciting times, you have to be running on fumes now, if he cant get that placing away its lights out, hardly anything to get excited about no matter how much you pump this.

See if its still funny when shareholders get clobbered with a .12 or .14 placing and take a 50 0r 60% hit shortly

Then again, im sure the champagne corks will be popping if he if gets it over the line, yet again, who cares about the Share price and making the business viable as long as you can keep milking the cash cow and keep the gravy train on the tracks.

@Raty - ha ha that was quick, absolutely spot on.

@RayP - Loved that, the VAL horse will be the one at the back.

See at least we can all have a bloody good laugh at the inevitable!

A horse race?

Frankly, out of the VAL stable its Dobbin the Panto Horse, the head is PP and the ars@ end notpotalot

Bookmakers not offering odds on the placing as its a certain bet. They are however offering good odds on some fluff news being released to try and spike the SP to be sold into.

"Mark has already confirmed a runway into H2 and admitted to initially overestimating on the timeline to Inaphaea breakeven, but has included that as a milestone for this year."

Oh please..... look for something to break even the REVENUE needs to equal the COSTS. Sorry but I wouldn't call that an over estimation, they delivered ZERO in revenue and had increased costs. No effort i can see was made to secure any invoiced and PAID business into Labs whatsoever, please do show how they attempted to get paid business in? And what he is going to do differently to meet this "milestone* in the next year, should he get highly dilutive placing 21 or whatever the ridiculous number is away?

Not pot last seen straightjacketed in the asylum with big red crayon writing on the walls: the money will last, the money will last, it will, it will, no placing, no placings ever, kill porky

@Notpotalot

Seriously, this is not a celebration, its a concern, do you really want a CEO that will run the business right to the wire? I would be more concerned that the 21st dilutive placing or whatever the ridiculous number is now, isnt being supported and they end up in administration.

Tick tock, tick tock

@ratcliffewriter

Loved your racing car analogy, absolutely spot on. Sums up the situation perfectly.

Profit Nick, Jeeze, needs to start with revenue generation first.

Put simply labs has not invoiced a bean in its history apart from i recall a 10k or token order a few years back and that was it. As I've said before they dont know what an invoice is!

So all his talk and bluster about Labs breaking even that year was pure BS - not just a miss by a few percent, we are talking zilch invoiced!!

Honestly, I would get them all on the phone trying to get paid lab work in. Support other labs with capacity issues if they need to, anything what so ever to get paid business in. If its not viable, tine to cut it.

Zero commercial acumen its pathetic

Gawd, you really want to pump this badly ahead of the placing, what a complete load of tosh.

In order of priority:-

1. Make sure he can get the placing away first because frankly i would be calling time on it, as at now with running on fumes this must be an absolute priority otherwise its administration, so leaving it right until the wire is NOT a smart move.

2. Ensure he raises enough for ideally a two year runway otherwise his focus remains on constantly wasting time on small raises.

3. Take an axe to admin costs and waste. Cash burn needs to be less than £ 350k per quarter. Stop wasting raised money on jollys abroad, use Teams to connect. Frankly, investors dont need to fund in-person stateside holidays.

4. Get labs generating revenue or get rid of the liability and just outsource as and when required as before. Nobody with any brains wants to invest in a labs business. Labour intensive and practically none of them make any money so who thought this was agood idea and/or buying a biobank needs their head looking at - just playing at labs frankly like a school science lab. If he cant make it viable close it.

5. Decide what they are: Womens Health Cures or Dogs and Cats what is it - master of none currently just desperate trying something else to keep the gravy train and lifestyles going. Lost focus.

6. Use RNS Reach for fluff news NOT the main RNS service, its not news its just marketing waffle, and the costs are higher on RNS but i guess if you are not paying for it and using someone elses money it doesnt matter. if he consider that as news god help us. And ditch linked-in unless he is looking for another job. Nobody cares about whats said on linked-in NOBODY.

Should be a nice sunny day on the green then, fingers crossed

Nice one, nice little all expenses paid jolly to the USA for Easter, hopefully the weather will hold out to at least improve the golf handicap.