Member Info for Porky9

Well the one won last year that they shouted about and issued an RNS over was a three month contract which was worth £9k. Les hope this one is worth more than that.

Frankly, I have endured loads of abuse in this forum by certain individuals and I couldn’t give a toss, I’m thick skinned and can take it. I have called the short comings out here fair and square; the situation here has been nothing short of scandalous and if the Perma bulls get upset by that, well tough.

But whilst @OB can vouch for himself, I have got to say that @PM2022 is bang out of order and owes the guy a massive apology. As far as I’m concerned @OB is absolute salt of the earth, he has backed this business for a good ten years plus to my knowledge, through thick and thin and been diluted to oblivion in that time though constant raises and consolidations at the hands of this board and their p poor management. So, for @PM2022 to insult him after all that is a dam disgrace – shame on you @PM2022. I guess if a counter argument can’t be put forward its easier to insult ehh.

Meanwhile, Adrian needs to pull his finger out and get those board changes sorted. Longer this drags on the worse it gets. I’m seriously starting to doubt now if he is the man to make the changes required or if this Is this a case of you put a good apple into a barrel of rotten ones, the good one turns bad? I hope not but, the clock is ticking that’s for sure all the same.

@roace - I suspect you might not be a million miles off with that suggestion.

@PM2022 - Making personal attacks just doesn’t suit you, pack it in. The forums are to discuss investment viability. As for the current mess, it’s all of the current BODs creation due to their lack of commercial acumen and self investment over all others and that has to change. Adrian has not yet drained the swamp. I see a few of them went on a jolly to a convention in the USA last week, who paid for that? Yet another example of loss of perspective/priority. In the age of video calls there are more effective and lower cost ways to connect. No start up anywhere would support that kind of indulgence but that’s just the tip of the iceberg and you think they have cash into 25 do you? Yeah right they are already running on fumes.

@OB - A CEO has to be found but I would put Suzy and Kevin on gardening leave now. Them still remaining is more damaging to the business imo than it is good. I believe Adrian could find someone by September, they would need at least a 12 month cash runway ahead of them and some options. If Adrian issues a solid forward plan including cash burn reduction, getting lab to break even or closing it down and a focus on new evaluations alongside with that appointment it could get investment support at a 1p and he would secure the appointment.

IMO until he sorts the BOD out this won’t get placing support, it’s uninvestable and remains for traders only. Nobody is going to back this for more of the same as I see it. So IMO it’s a case of make the changes, secure the funding with a viable plan or its lights out as soon as the remaining cash is burnt through. That’s how I see it.

@pm2022

I would bloody love to know who you are at Valirx - i originally assumed you were married/related to one of the BOD or other connection. I now think you could actually be one of them. Your post 6 Jun 2024 12:32 gave you away as later further highlighted by @Buda.

@Alwayswatching

Really not even a consideration point where they are today as it’s totally uninvestable without major change:-

IF Adrian drains the swamp, offloads all the deadwood, gets a real focus on new evaluations, offloading Kevin, Suzy and martin is essential, gets cash burn to a more manageable level ie back to under £350k per quarter and has a robust plan to ensure labs either breaks even in a short period or is closed and they go back to outsourcing then and only then he might have a business plan worth backing that a new CEO would support and fresh investors would back a placing for - unless he does all that, there is no future here imo.

On a positive if he does, he secures the backing then long term yes, 5/10/20 is possible but as it stands more chance of bust frankly.

I was disappointed that Adrian made some errors from the off by rescinding the notice hence stuck with Kevin now as a result. I was also a bit shocked he needed Suzy to comment on Martin and didn’t know what he brings to the business, Jeeze, what’s the guy been doing the last few weeks? They should be having almost daily round tables and getting to know each other and sort this mess out.

I question how much time this bod actually spend on the business - I’m starting to think it’s just a cash cow and they meet only online occasionally and that’s an inconvenience just like their shareholder base.

Hey look if traders are mug enough to buy at these prices to pump it, hopefully some of those trapped can get out before the 1p placing.

There is absolutely nothing here now worth investing in, they are buying "the emperor's new clothes" , CLX is north of 18mths off at best, next to zero chance of TRX transferring £2m across - zero income, massive cash burn and still cant find a CEO whilst maintaining all the dead wood. New CEO will want at least a 12 mth cash runway ahead of them.

Trade the spikes by all means but be careful, this is either going to get placing support or bust if Suzy and Kevin remain on BOD.

Only point I don’t agree on with Nick, there isn’t any talent in the company existing for that ceo role. Science and commerciality are two entirely different skill sets.

* They need a CEO with solid commercial acumen to drive commercial deals on a track to viability. They need to find fresh new blood for that role.

* They need a Science Officer to head those areas - kath can pass for that - tick

* They need an FD for strong fiscal control including revised budget and costings get cash burn under control and back to under £350k per quarter. Gerry should have gone long ago having resided over two crashes. We need him replaced pronto.

* We need to replace the chair, Kevin is now so unpopular due to previous contempt for shareholders and smug attitude after placings he needs to go. He is now actively putting investors off investing imo. Adrian could do that role.

* A new BDM and small Sales and marketing team if the lab is to remain with key milestone to break even. Mark has to go, sorry but 15 years and no paid for business, he is the only BDM I have ever come across that can’t win business.

* Selection of NEDs with range of Science backgrounds and connections including Adam need to join the board. Adrian’s original suggestion for the patent guy joining was bloody brilliant but for what ever reason didn’t then follow though.

If Adrian can crack on with the above, present a solid business plan forward for the end of month AGM I think he could raise £1.5m at 1p BUT if he doesn’t address the above and Kevin and Suzy remain after all that has gone on, I think we run risk of this falling into administration, it’s that serious now. Nobody with half a brain cell is going to invest for more of the same.

Lets see what Adrian has to say....

I don't know enough about SAR, its one Biotech i haven't reviewed deep enough to be honest. BUT a quick glance tells me that its been up trending and those in at 10p made a 400% return in less than about three months by the look of it, not bad ! all penny shares are high risk but if your going to comment on SAR you should contribute over there not here IMO. Poster @Rebster has a very valid point to be frank and this is the Valirx stock board designed to discuss the pros and cons of this penny share which has rather more challenging and different problems to other stocks.

@nomlungu

I know, totally ironic, you couldn't make it up and now you have @Iceman joining in commenting that SAR chart is down trending, jeeze, the chart here for VAL has been bloody down trending over the last few years and you have another placing and more dilution to come to add in, give me strength. Its like watching a tag team posting by dumb and dumber.

"Valirx having solid fiscal control" - I am wetting myself laughing here, come on, he really cant believe that, he must be married to one of the board or something, its totally laughable.

You are right about believing what you want to believe

You have constantly posted how great they are with fiscal control right up until the day before each placing. The financial control at Valirx is dire. They have also spent money on director bonuses and awards when about to run out of cash. The CFO has resided over two crashes, how he is still there is beyond me and they are now burning almost double what they were in April 21 despite a firm pledge to get to get cash burn under £350k per quarter.

16 raises and three 125:1 share consolidations, yes I agree, some here especially you @PM2022 do want to believe what they want to believe.

Adrian needs to present a compelling reason to back the business and next placing today and show forward plans and hopefully some progress towards the new CEO appointment. More if the same won’t cut it.

@LTBeliever

Brilliant - if you believe that you believe anything - good to be a dreamer. If you think that’s going to be a reality I will start flying...

Seen it all before and worn the TShirt

@Mozak,

You can be as bullish as you like but realistically, the contractual side of these sort of deals alone can take 8-12 weeks and that's after DD phases to establish if Heads of Terms can be agreed. I genuinely cant see how they can get terms and the cash actually in the bank before the cash runway is out.

That's not a negative BTW, i consider it a commercial reality, its just business, it will take longer than the current remaining runway, that's how i see it.

Personally, I think this stock could come good long term if the right deals ultimately get struck however that will take significantly more time, not to mention there is a massive lag between a secured win and payments actually hitting the business. That is clear as day from the H1 results report.

I also find it both shocking and concerning how much business they have lost, revenue in H1 as I have previously posted was less than my local sandwich bar, how any business can tank from doing close to £6m of revenue to next to FA is a concern whilst still burning eye watering amounts of cash each month is beyond me, although I don’t doubt measures are in play to try and turn things around.

However, Short term I can see the SP tanking significantly especially when the raise gets sorted, and it will do, because they did not hit the required revenues they forecast. I think they have done well to put out spin, to sex up interest and pump the SP from .5 back to .8 but talk is cheap and it doesn’t pay the bills, that's the reality.

They are less than 4 weeks now from the Year end and from a cash runway perspective must be running on fumes so the raise imo is bolted on and my call is .4 or .5 on a good day. We will know soon enough.

Will one more raise be enough? Hopefully, if they can secure it and they gone on and shore up the business wins after but, as I say, the top line order potential value doesn't convert quickly to bottom line cash in the business, it would not surprise me if the income for H2 proves to be as dire as H1 due to the delays, so I think it essential that next raise is the last one with a clear route to the break even delivered.

People will only buy into Jam tomorrow for so long, they are great at the talking the talk, they now need to walk the walk...

I'm 50/50 on this one, short term SP is going south IMO especially after the placing dilution, longer term could be interesting if they start to deliver.

Good luck

You should focus on this stock and its performance to date not the individuals frankly.

Time that PI use these boards to discuss pros and cons of an investment and do their own research not spend time speculating on other individuals investing strategy.

@Clarencell

Cut it out, don't be so bloody rude and patronising, trying to second guess my trading history and pysco analyse me you cheeky sod - you are seriously clueless.

I'm not bitter about anything, I'm telling it as it is on a discussion forum. During the last year I have called this 100% right, its as clear as day to me the games being played to maintain lifestyles of certain individuals. Now that either has to change or you suck it up and accept more of the same and get the same outcome.

Now should Adrian, put forward a compelling business plan with clear forward plans, drain the swamp, get costs back to a manageable level, secure the new appointments, IF he does that and the stock becomes investable again, I would consider investing, but until then it remains totally 100% uninvestable as it stands.

Buying at this bloated price when they will likely try and place at 1p if Shard can secure support is plain stupidity.

Think what you like, a lot of stocks don’t need promoting, what’s said on a board makes no difference to them. I think you are losing sight of what a DISCUSSION forum is about. We are here to discuss pros and cons of this penny share, not individuals.

@Clarencell

Total wishful thinking, there is not one event short term that can actually bring in sufficient cash to meet the bloated payroll costs, not one other than a discounted placing. It’s that simple. I have no issue with that but I do expect Adrian to sort the BOD out and deliver an investable business plan going forwards from H2 to justify why SH should dig deep again and support a new incoming CEO.

You know how this game is played, so many times here it’s ridiculous.

@Clarencell

I don’t see you posting messages to @PM2022 or @Iceman (Previously PatientInvestor, Ice888) and the ramping crew saying please stop ramping this, every day. Balance.

@Khelder

On what earth is this screaming a strong buy, they are awaiting major BOD changes not yet resolved, no revenue in 15 years, 16 raises with another due anytime soon, three 125:1 share consolidations, a list of commercial blunders so long we have lost count, the monumental clusterfck that is 201, the board taking rises and bonuses at your expense when about to run out of cash, the only thing delivered is a massive increase in the cash burn which is now back up to pre crash levels despite a pledge after the last restructure to get burn under £1.5m. Give me strength.

The name of the game now is to again pump the price for those in the know to sell into ahead of the next discounted placing, which if Shard support and Adrian can get it away will likely be at 1p or they don’t get the placing supported and it’s bust. I can’t see anyone giving this yet more cash as it stands, changes still need to be made.