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No Andy
I’m saying nobody gives a flying fig if this two bit outfit stateside merges or not, it’s doesnt benefit VAL one jot.
We ONLY care if VAL are going to get paid or not and I stand by the fact that they won’t. I do not believe they have 60m cash to deploy, I believe it to be total BS to ramp and inflate the SP here prior to a discounted placing, VAL are out of cash shortly.
It’s either cash from THX or cash from investors - So THX merger confirmingthey actually do have cash is kind of key here
@DarthInvestor
I would say not, None of the BOD have enough skin in the game as they don't own sufficient stock. The SP is irrelevant to them except for only now pre placing. IMO the objective being to ramp the SP to 14p try for placing at 7p, get it to 16p and try for 8p. BUT the Turner Pope clients will have none of it, too much Jam tomorrow and little confidence THX can ever raise cash. Hence my 4p, 20m shares to raise £800k being best outcome here.
Punters are expecting the new created stateside entity following a merger of EUDA and THX to confirm it has 60m+ plus raised ready to distribute to satisfy LOIs and moreover pay VAL to stave off a placing. We have been reading for the three weeks now:-
"Money is Raised, that's OVER now" "Funds are being released on the merger as they were contingent on the NASDAQ listing" "Rapid transfer of cash to safeguard the assets" "Funds being released to VAL are in 7 figures" "$2,571,049 as an example is 7 figures" "Cash was raised of $60,000,000 and will be $70,380,000 if the over-allotment option is exercised in full" "The investment consortium will release the capital to the new listed entity on completion of the merger" "TheoremRX have collated an eye watering sum of private capital"
So that's what the bets were placed on, lets see the delivery.
RNS of merge should confirm same, if the merger RNS doesn't confirm they have over $60m cash ready to deploy, then we know its yet more BS and the SP is toast, we will be back to 5p where it came from. The outcome of this bet is binary either the new created company will have over $60m of cash to deploy as indicated or it wont.
As the deadline was Saturday, expecting some RNS from VAL at open confirming the same and that THX funds are being paid over. Time will tell. I don't believe any of it myself as you all know but hopefully i'm proved wrong. Good luck.
Jason, if there is no mention of having funds to deploy this SP will sink like a brick back to 5p where it came from.
They will either have funds as per all the BS that’s been banded around on here, twitter and reddit or they don’t
If there is any sniff of “going on to raise” We are exactly where we were before and VAL have no choice but to raise as they are shortly out of cash.
Frankly, I don5 believe any of it but you hav3 placed your bets, let’s see the detail.
Spin that wheel, winner winner, chicken dinner....
Well @PatientInvestor is “confident” and Suzy is “Confident and Unconcerned” so when the merger news lands Monday confirming the new entity detail it should confirm the 60m + funds are being deployed and VAL will be paid starving off VALs placement.
Then everyone else can join in being “Confident and Unconcerned”
I might start flying at the same time...
Looking forward to a flood of apologies Monday when you realise there is no cash and yet more fluff “Jam Tomorrow”promises of what might be...
Placing inbound
@PM2022
No I don’t for one moment as it defies all logic. Punters have been buying in on the back of his posts. So why would you do that?
A new merged party would want to protect the interests of its shareholders and maximise returns of those investors - agreed?
In ramping information pre deal, you are inflating the value of the assets pre deal making them more expensive. That is not in the interests of new investors. IF sending VAL cash was delayed by 8-10 weeks for example, the value of VAL would be on the floor as it has nowhere to turn and the new combined entity could pick up 100% of the business for less than the LOI consideration money. So how is ramping the value good in anyway for the new investors if this is true?
This is why I believe it a ramp to get a VAL placing completed at discount. Why would you ramp it otherwise?
Anyhow we will get confirmation shortly but can’t you see why it doesn’t look right?
Ok then, fans of said poster
Why has this poster felt the need to ramp all about the THX merging with EUDA, telling everyone that cash has been raised even indicating a amount being paid to VAL on here, twitter and Reddit whilst negotiations are taking place?
Firstly, if what they post is true, it’s insider dealing as they are divulging information to the market not officially declared. I can’t say as I would be too happy if I was in confidential talks with a business and the other party was spaffing off all over the internet details of the deal before it was signed off.
Secondly, what would be the benefit? Just to ramp the SP up? This is why I came to the conclusion it was a ramp to inflate the SP prior to VAL raising. It serves no other purpose unless JWallows is incredibly stupid and just can’t keep his gob shut?
@AndySel
No been fairly consistent
20m shares at 4p to raise £800k is my call
Could be 40m at 2p to raise same amount £800k
My main point is that all the focus has been on if this two bit stateside company merges or not, who cares, it still has to go on and raise funds because I don’t believe the hype and ramp here that it has raised already with funds ready to deploy. I simply don’t believe it.
Merging and raising are two totally different things.
Anyhow, we are about to find out. VAL need cash now before the turn of the year, IF that merge doesn’t include cash, VAL will need to press ahead with the placing as they have no option.
Those brought into this hype bubble are locked and loaded so we are about to find out. Deadline was yesterday.
Well you are all locked and loaded now so decisions made, devil will now be in the details of the RNS published then we will see who is right and who is wrong here. I am expecting a few apologies.
Having fully researched and completed my own DD my view remains that this recent Hype /pump bubble was created to boost the SP to facilitate the placing at a better price. To that end its been successful to a certain degree having ballooned the SP from 5p to 14p over a three week period. Giving strength to raising closer to 6p or 7p although i have given reasons in this thread why i think it will come in at 4p placing.
I believe come the stateside merger, that many are distracted by, any created new company will NOT have any cash in it, i believe the "cash raised" hype will prove to be totally false, there will just be mutterings about "going on to raise funds" and being "strong at raising capital" which is exactly where we were over two years ago with THX never delivering and "punters" betting here on twitter and forum gossip are going to be in for a shock.
Next thing, apart from any fluff news releases, will be the resolutions and EGM date RNS from VAL as they have to give 14 days notice and as i commented, last two weeks of December are dead. VAL have little option other than to do this IMO. Watch this space. It will then be down to existing SH if you want to add further and support it or not.
Good luck.
@Steamy
It's a little bit obsessive to be fixated on an individual. It's also totally delusional to believe that there is any element of truth to the ridiculous comments originally created by a poster designed to discredit me that i am some pervert neighbour that lives next door to Suzy. Its just totally preposterous. I live in Cheshire and I can't remember the last time i even went near Nuneaton, i think the closest i have been was a Carp fishery in Wishaw not far from the Belfry a few years back and i think that's at least 20 miles away!!!
@OB
You are top guy and always will be in my book. You are more astute than you realise! Some of the comments here are pure pantomime but you know that already :) take care.
They are out of cash at the turn of the year
They have to give 14 days notice of an EGM and pass resolutions
Last two weeks of December are dead
If cash isn’t paid to them by THX they have no option but to Raise
I expect resolutions and EGM date confirmation RNS from VAL shortly.
On the flip side, if all this BS is true and the merge RNS on Monday confirms the new entity has 60m+ ready to deploy then it shouldn’t be an issue should it. BUT this is where the issue will be. The devil will be in the detail issued monday
@Uncanny
It doesn’t that’s the point
The $60m is reference to TMT a business with its own NASDAQ listing and nothing to do with this outfit. You are being feed a Lemon.
@PatientInvestor
I repeat, it doesn’t matter if THX merge or not, nobody cares. We only care if VAL gets paid now, if they don’t it falls on Shareholders again.
As I said to Jason, you are in now, that’s it, devil will be in the detail they put out in the RNS.
Jason, DYOR you go for it, you are locked in now anyhow, the EUDA RNS will either say the new created company has $60m+ in it ready to deploy or it won't - its a binary outcome.
BUT we are only interested in what VAL do, either THX pay the cash and it extends the runway by 5 to 6 months OR VAL need to get resolutions passed and the discounted placing done- its that simple.
BTW EUDA shares closed down -5.6% on Friday on the NASDAQ, not that i think its a measure of anything specific as the RNS confirmation hasn't been issued yet:-
https://www.marketwatch.com/investing/stock/euda
@Uxm484
It’s good of you to repost someone else’s work if you must but better for you to do your own actual research. But in the spirit of good faith let me point out the glaring omissions: -
1. Back in April 2021 the share price was 3.5p and they had 60m of shares in issue following the consolidation. The mcap being £2.25m. The SP had crashed because of overspending. Today the cash burn is back up to those levels yet again BUT due to the recent hype bubble created the macap has ballooned to an eye watering £14m at close friday. On a business about to shortly run out of cash.
2. Many reference the hype rally to 55p BUT the fundamental difference is that back then we all thought 201 was going on trials with a MAJOR with speculation there would be £25m upfront paid resulting in Valirx never having to raise again and speculation rife that MAJOR could be AZN as Adam worked there and had the contacts or GSK or another such player. Then VAL dropped the bombshell on us it was being handed to a pot less start up.
3. Yes, I don’t doubt they are building a great start up lab business. With compounds and cell bank from Imogen etc etc. BUT the model if you bother to read the broker notes, is one scientist delivering £175k of revenue and £25k bottom line. VAL have three scientists currently. Its massively labour intensive. IF they ever win loads of lab contracts, they will need loads more staff to service it. Imogen at its height had 33 staff and still couldn’t make a profit. I’m not saying VAL won’t build a profitable lab business I’m saying it will take time and loads more investor cash hence why the BOD is not buying shares.
4. The Imogen assets were purchased for peanuts because the business needed millions to fund it and couldn’t raise further capital. VAL would be in the same position if not for the generosity of its shareholder base continuing to fund it. But there is an end to that generosity, Investors will take so much. Jam tomorrow for so long.
5. VAL’s businesses financial position is NOT in any way secure hence why the BOD re not investing. My view is that the position is now actually worse than it was back in April 2021. The current SP is in a hype bubble on the brink of bursting especially when punters realise that the “Emperor really isn’t wearing any clothes” there isn’t $60m sitting in an offshore account of which £1.3m or so is being transferred to VALto stave off an emergency placing.
See what a difference it makes at weekends when posts are not removed, and you can have an actual discussion from both sides.
Pork's
Jason, with respect Patrick has been telling Suzy they can raise capital for over two years and haven't and not only that missed every deadline they agreed resulting in Suzy at the last moment coming to Shareholders for a handout to save the business, i don't expect it to be any different this time. Then Suzy simply removing any any timelines for THX made it never ending and that was another blunder, but lets no go there.
As for Suzy in my opinion, she is solid on science but incredibly naive in business and believes everything Patrick tells her.
As for Adam, he has an obvious biased interest in the business But he is not a Director and does not have access to any of the negotiations with THX.
Finally, as for Ken, the guy is being offered a perpetual lemon IMO but they are desperate to do something since their own SP crashed from $10 USD to $1 USD and a number of delisting notifications, he is being told like Suzy that THX have access to capital. As i have said twice now, if the merge RNS drops and says the new company created has over $60m of funds ready to deploy and partners will be credited i will show my ass in Poundland's window. I don't believe any of it.
So the four your reference are not great examples of why VAL will get paid are they Jason, but the devil will be in the detail of any RNS put out that's for sure.
Jason, normally investors sell on news
It also depends on if the news confirms if the new named company is funded. If it’s not and there is any suggestion they are going on to try and raise then the SP is toast on the release IMO. Punters are speculating on the new entity having 60m plus to release including paying partners like VAL
Please some of you don’t get silly, this is a discussion point and IF as many of the rampers here claim THX has all this cash ready to deploy on the merge it won’t be a consideration, so I state that point first.
But if it turns out it’s all BS and they don’t have the cash or they want to go on as before trying to raise under the current open ended mandate then VAL will need shareholder support so this thread is about what is realistic in the current market conditions.
Discussion on this discussion board if you will in an adult conversation.
Now I was thinking about this and my view was with the SP pumped to 14p VAL might ask Turner Pope to try and get support to issue 20m shares at 50% discount 7p and try and raise at that level but I just can’t see it being supported that high.
Now I’ve not had a fielding call myself yet from TP but if I was called, my question would be the cash would only extend the cash runway by 5 to 6 months max and could they give me any guarantees that despite previous failed promises by THX if they were likely to be successful or not by end of Q2 and this is where the risk is. If THX still didn’t come through I’m on for more dilution in June pre the AGM and my cash is written off or I need to add again.
As a result I think a lot of HNW more likely will say the deal needs to be 30m at 4p which would give VAL £1.2m and that window towards end of H1 plus they would want warrants 1 for every 2 shares at say 6p should that time window need to be extended. That kind of feels like a fair deal in this market but some could play much harder ball and want higher discounts but If Adam tipped up £500k to help and the BOD chip in as well that would probably help this get underwritten.
I would be interested in others views where they think a placing would sit in the current market conditions. Typically if you want north of £1m you are talking significant discount. So more likely not much more than a £1 or £1.2m raise before costs? Any amount less wouldn’t really give them enough runway.
I’m putting my flag in the sand at 4p plus warrants. What’s your view? Would you chuck more cash at this in a placing? I’m sure some like @PatientInvestor will say it should be at a premium but they have had a lot of raises and consolidations and all that also has to be factored in.
Views anyone? And I repeat this is only on the basis the RNS on the possible merge doesn’t confirm that the new named company includes raised funds or ability to pay partners.