Member Info for Porky9

Yes @RayPointer but what an LOI it is, let's ignore the "this LOI may not result in a payment or come to anything" comments, just focus on the positives, it says they will not only pay a load of cash upfront for the rust bucket of Allegro, that's been laid up for 15 years and failed its MOT and has no driver history but they will also pay you for storing the car on the drive way for the last two years on top. He wants to turn it into a Ferrari but Only problem is he doesn't have any money to do it, he's skint.

@Jumeriah,

Last year they lost £2.3m and to avoid administration raised £1.6m, they will have squandered the lot on lifestyles and be back for more by September. No control on admin costs you see, for example they waste £90k paying a WFH BDM who’s brought no business in for 15yrs and go on company paid US exhibition trips - nice work if you can get it frankly.

As for 201 and 401 you are dreaming. Acid test will be 201 first, he has given an extended, extended and err extended time period to the potless THX to complete and transfer funds to VAL before end of May. It won’t happen, come end of May he will either see sense and call time on them or try and extend again to keep it alive as will be thinking about the next raise that will be required.

BIG issue he has is he is rebuilding from scratch, he will need at least two or three more raises from here due to the legacy he has inherited. Momentum was lost, a significant amount of time lost, whilst new evaluations were on hold whilst Suzy went all in on building a lab. So now an entire new pipeline needs building to get back to where they should be and that will take loads of time and loads more cash.

@PM2022

You ramp this morning noon and night, ramp it some more but ultimately the Proof is in the delivery - by end of May THX wont deliver, you can bet on it. They never have to date, not even paid the lab fees. Will be same confirmed shortly without doubt - watch this space.

@PM2022

There is absolutely nothing there, you are buying the emprerors new clothes.

201 - Noth a hope in hell of THX delivering - By end of May game over on that one.

401 - Ambrose have no cash either and as a phoenix business themselves any cash they raise will be to keep them afloat not give to VAL - so nothing here

Labs - burning cash. Nowhere near breakeven and not including 1m of admin costs is not the way to fudge it to claim it's breaking even - it's far from it. I don't think they actually know what an invoice is.

CLX - Potential but three or four more raises away from being positioned - so no cash there either.

Poor control of costs imo. No reductions and paying mates rates to BDMs that don't bring new business in is beyond ridiculous.

So where will cash come from to keep lifestyles going? I can tell you, placing 17, another chuck of change from SH digging deep again by September.

Meanwhile, BS baffles brains, the ramping works and the roulette wheel is spinning. Last one out holds the baby. Good luck traders.

@Share4

Nice one - for traders only. Last one left holding the baby, same old game.....

Proves Ramping works - You can fool some of the people some of the time :)

LOL, when i accused him yesterday of getting fooled into taking too much in the .65 placing that at least explains his reaction. No wonder he is ramping the hell out of it with @pm2022 and Riddler, needs to.

I remain 100% convinced THX wont deliver a blinding thing in respect of 201 and come end of May ME will finally close it off and I am also convinced that Ambrose wont be in a position to pay anything meaningful down to continue the dev of 401. They need any cash they raise for their own business, not to give away.

IMO Best Stephen can hope for is to offload some into any bounce if lucky, once 201 confirmed dead SP will be down to .40 or lower and by September a further raise required. Watch this space. Best move would be to unwind and be in for free with the Warrants only - that's the smart move. Each to own i guess.

Oh and don’t quote the “Going to be a transformative year” BS, Jeeze that is straight out the Suzy playbook. Been a transformative year the last 15 years. Transformed investors cash into dust.

Utter Nonsense

Just a client churning placement stock above and under .65

By May SP will be in the .40 range, watch this space.

No they do not have a three year cash runway and well you know it. Over the years there has been numerous warrants at numerous prices and all get cancelled or not taken up when the next highly discounted raise comes so you are posting utter nonsense.

If all the shares got issued there would be something like 600m in issue, ie 10 times as many as when Suzy took over after the previous reform. Massive further dilution. If by September a chunk of cash doesn’t come into the business from a licensed deal and I believe that will be the reality then ME will be looking for yet another raise and it will be at a material discount to this one - that’s the way it works.

As for reducing costs, show me, the admin costs are higher than ever. This is an effective start up again a rebuild. Can you imagine a start up paying its BOD members this level of salary? Can you imagine them paying a WFM BDM £90k a year who hasn’t brought any business in? Frankly it’s business as usual now he has the cash, I’m expecting an RNS to drop confirming another jolly to the states at SH expense. Sorry but i see zero action towards getting costs under control.

Anyhow, we beg to differ, I have given my counter view. Come end of May I believe that THX won’t deliver and we will be back on the run down, clock ticking towards the next placing again. That’s how I see it.

Not at all @Uncanny, they will need another raise if not two before CLX sees light of day of any revenue and the labs are a liability, they are spending far more revenue on costs than they get in revenue hence totally reliant on SH propping them up constantly.

As for value, sorry but you are deluded, an asset is only worth what someone will pay for it and the money is not there. The business model of taking a a uni concept to a commercial deal is as yet unproven. The business model remains unproven BUT admin costs continue like it’s some well established profitable business, yet it’s far from it - sorry

Admin costs not cut anywhere near enough if you ask me, why is he paying a BDM that hasn’t brought in any business since he has been with the company such a ridiculous salary? is it mates rates.?

There is getting on for a million quid in admin costs, Employer contributions about to go up again thanks to robbing Rachel, R&D tax credits cut which will also impact, on the current trajectory it wouldn’t surprise me if costs come in even higher this year, ME really needs to get a handle on this as I see it. So in short I would say, no he hasn’t done anything to address costs and frankly it’s because he doesn’t need to, the money is easy come by imo.

What’s your view @PM2022 ? Are you happy with the admin costs? Do you think he has cut costs enough?

Er Doah,

It’s a penny share forum, to discuss, share thoughts etc etc, I repeat not an echo chamber for the Ramping trio only...

Everytime you post nonsense about the SP being dirt cheap and prices to the moon and beyond I will give some perspective to valuation, something you clearly have limited idea about.

@PM2022 - What you state is pure 100% wishful thinking, Look, if THX had raised the cash VAL would have already been paid, currently they cant even cover the bloody lab fees they promised - they are a skint member.if I was running this show, I wouldn't entertain dealing with them at ANY cost without the show of money. I would be saying, you want exclusivity, pay us £200k to cover the last 20 months of lab fees if you can’t do that, exclusivity is removed. This is a business not a charity and £200k is not a lot to ask but it’s the principle of it - it’s not ok for ME to squander SH cash to prop up this outfit that are not paying anything that’s how I see it. My view remains come end of May there will be no cash paid to VAL, the company has form for not executing LOIs.

As for 401, yes I think Ambrose will execute it, BUT I don’t see how they can afford any down payment. They are having to raise cash for their own business. The financial climate for Biotechs remains challenging. So you are barking mad if you think some windfall for 401 is going to land anytime soon.

As for CLX, yes, it has potential but it’s a good two three years off being positioned for anything, nothing wrong with that but VAL will need two or three more raises IMO before they can look at securing any actual licensing cash.

As for the SP as I stated it’s mega expensive as it stands for what’s here. I can see these shares down to .35/ .40 shortly. At end of May they will either call time on THX or extend again, by September they will either try and raise more cash to keep lifestyles going or take it private if by then SH won’t chuck more at it. The ONLY way to make cash here is to trade on the spikes, any placing holders sell at any price .65 and keep the warrants. Pre sell/ short ahead of the next placing.

There is no event here that can bring a meaningful amount of cash into this business other than shareholder funding and the history to date proves that, 15+ raises and three 125:1 consolidation events surely is proof enough for you?

That’s my view on this

Simply amazing isn't it that since my last post yesterday Cheerleaders 1, 2 and 3 all ramp here and add spin to make events look better than they are in a desperate attempt to sucker newbies in to fund this lifestyle business so they can cash out on any spike created:-

Riddler = 4 Posts, PM2022 = 4 Posts, Uncanny = 4 Posts all with the same tosh

To be 100% clear i state again: IF THX transfer £2m to VAL before the end of May as per the extended, extended and erm extended time line i will show my ass in Poundland's window and learn to fly. It isn't happening and calling time on this outfit is long overdue in my opinion. Its being kept alive IMO to prevent the SP crashing completely.

Unfortunately, for holders they have to suffer this long drawn out nonsense even longer until time is called on it. You now have to wait until end of May unless he grants yet another extension end of May to THX so that he can squeeze another discounted placing in before cash runs out in September. That's how i see it.

@Riddler

So I post three times in three days my opinion on this penny share in a penny share forum and you post 14 ramping posts in that same period and I'm the one who's "un hinged"

You might not like my opinion but these forums are not echo chambers, its a forum to discuss the pros and cons not for ramping only.

@PM2022

And I would argue that the SP is not "dirt cheap" in fact the total opposite. I consider it ridiculously expensive and that's because there is nothing here of any value in my opinion . The lab eats cash and is years off break even, its a total liability, by break even I mean cover all overheads including the admin costs, so it's not reliant on investor cash, 201 is write off imo, 401 Ambrose may run with but no chance of any decent sized upfront, CLX at least two or three more fund raises off so what exactly is left?

All you are doing is funding lifestyles as I see it, the business model doesn't work and I believe it's tragic that a company can list on AIM secure at least 15 raises and something like 3 lots of 125:1 consolidation events and squandering best part of £30m in that time and go on for more...

You might not like my opinion but it's my opinion and this is a forum to discuss. You clearly think it's a great buy, well keep buying - i don't share your view.investors have lost a lot of money here, the only ones to make any money are the BOD and traders in and out on profits or selling short ahead of placings.

Each together own

@Trench123

And THX have made countless empty proposals that have come to nothing. It was the NASDAQ listed company EUDA before that and that also came to nothing and i highly suspect its because it fails at the Due Diligence stage. Look you are talking about a 15yr+ peptide in 201. It needs reformulating, it needs new patents, it needs loads of work and that's of course if its even viable to still do so as the technology has likely been superseded long ago. Meanwhile, THX themselves have next to zero credibility IMO. What evaluations have they previously taken from start up to commercialisation? Further, as i pointed out before, even in in the unlikely chance THX got funded, which IMO they won't, they would owe it to the new investors to renegotiate terms. Nobody but nobody in this market chucks massive amounts of cash in upfront deals, it is just not happening and there are loads of great biotechs out there competing for cash. Sorry but 201 isn't one of them. Now i have no idea why ME is even still allowing THX to continue with this nonsense BUT from a value point of view its probably better for ME to keep the dream alive than kill it off. My call is that come end of May they still wont complete and maybe just maybe ME will finally see the light, penny will drop and call time on it.

@PM2022

I would agree that CLX has potential. BUT its a long, long way off. Probably three or four more discounted raises from here, especially with the obscene admin costs that continue. So whilst i share your enthusiasm regarding its potential, the chance of VAL seeing any actual licensed cash from it anything in the next could of years are slim if at all. That's how i see it. And as for 401, well Ambrose need cash to keep themselves going so you wont be seeing any meaningful cash from them anytime soon IMO either.

Appreciate that both cheerleaders @PM2022 and @Laura2022 will keep pumping this morning noon and night but sorry, all that will happen here is the further erosion of cash to support lifestyles and back come September for another discounted raise. Its how i see it.

@laura2022

As for your NT to buy nonsence. Take it from me, you could buy £1m of stock at .65 if you so desired. Anyone with any sense would sell at .65 and just keep the warrants, in for no risk then. Meanwhile this remains a traders stock only. I highly suspect you will get a chance to buy in at .40 to .50 very shortly. The amount of stock to clear at .65 is absolutely ridiculous. I wouldn't be surprised if ME calls for a consolidation event again before September to get the share volume back to a more manageable level.

Meanwhile, keep pumping...

“Sometimes, you have to play role of the fool to fool the fool who thinks they are fooling you”

That’s poetic @PM2022 one of your best quotes, was that a quote stolen from Mr T, The A Team?

@Riddler, I also understand Mark has a half decent Golf Handicap, perhaps a stateside exhibition they can visit on expenses is in order so he can get some practice in, why not, free money perks of the job and all that.....

Proof is in delivery and nothing else and an asset is ONLY worth what someone will pay for it. THX to date have only delivered false promises and delivered ZERO. For whatever reason he is still holding out for them and extending - burning question is will he finally, finally call time on them in May or will he continue the nonsense and try and squeeze yet another placing in on the back of it? Answers on a postcard.

@Grainger14

Same old, Same Old, ramping crew giving it a go, lots of hot air.

By May this will be sub .40 if not well before.

Chance of THX completing remains at absolute ZERO.

Pork's

@Uncanny

Are you for real, I’m wetting myself laughing here..

You really can’t be serious. You are having a laugh surely?

Tell you what, if THX come through not only will I show my ass in Poundland’s window but I will also take up flying.

The only certainty here is the next raise request to maintain lifestyles and due to the continued lack of cost control, that event will come sooner than you expect.

Good luck