Member Info for Porky9

Afternoon,

I don’t do told you so or kick a man when down, I take no joy in the events here whatsoever, it’s a total disgrace frankly but seen it before just had to speak out albeit I admit I became a bit obsessive the more I got abused and shot down. Genuinely sorry to see this guys,

So where next: Well first off it’s not like there is any rush decisions to make unless you want any of the 6p retail shares before the 18th. The EGMis not until the 4th Jan and the listings on the 8th and some would be waiting until 14th Jan, so mid Jan. Allows time to think and moreover DYOR.

Personally, I won’t be buying in the retail offering at 6p but that’s personal choice, not with this BOD. The Shares in issue are going to balloon by a third. The fact that only £30k of shares will be taken up by BOD members (£20k Stella) kind of says it all to me. Suzy specifically earns £160k a year plus benefits yet can’t tip up £20k to even match Stella yet there are grafters here investing their hard earned in this business probably not earning anything like that. Just a BOD loss of perspective frankly.

Also, main placing taken up by existing and new??? So when out of nowhere a short book was opened on IG they were selling shares from 14p down 7.5p knowing they were buying back in the main placing. Meanwhile ramping here, ADVFN, Twitter etc etc. I will be interested to know Adams net position after this. Likely sold a chunk to buy back that’s business.

For this to be investable there has to be material board changes otherwise the raise, spent, raise, spend, consolidate cycle continues. Two comments I made over the last few weeks, old school but stand, many heard before but stand the test of time:-

1. You don’t know, what you don’t know - BOD lack any commercial acumen hence impressed by stupid business offers and talk and make ridiculous business decisions IMO because there is no guidance and they can’t see what a bad decision is until it’s too late.

2, A poor director does not wake up the next day and become a good one - sorry but the relentless mistakes here just continue, changes are desperate and Adam should have backed Shareholders at the last AGM and removed. We have a BOD akin to a panel of bankers and yes people, by next AGM if not before they need to go IMO.

Finally, this post will still likely be removed, IF cash was going to arrive from THX, even at any point in H1 24, why raise so much cash now? Could have raised half that and less dilution so it’s clear to me as suspected there was never any cash, it was a hype pump to get the SP up from 5p to secure a better placement price and a job well executed. They are after all veterans at raising cash. 15 placings and counting is testament to that.

Changes are essential frankly. Good Luck and genuinely sorry to see this shambles unfold.

Pork’s

Ps, FAO OB - never shorted, not my style but plenty do. Take care

@Defiant-One

I appreciate that, thank you. it got rather heated in here and to be frank, she has played a lot of investors here indicating that all is well on the THX deal and no placing required to then set this up and clearly some big players were going short or selling in the market in the background knowing this was about to drop.

I was out on my prediction 20m at 4p anyhow, she got 26m at 6p but i do think how they have gone about it is poor, total disregard for LTH for sure. Board changes have to happen for sure, if not now, for next AGM.

Take care

@PI

Stop with the capitals

I suggest you sleep on it and carefully consider from a commercial perspective.

The raise was bolted on, the bigger picture is allowing the continuation of this ridiculous arrangement with THX. Clearly she doesn't have confidence they will come through as previously indicated to us.

Doing the same thing and expecting a different outcome is nuts.

@HD

I don’t for one moment gloat over this, it’s a absolute utter disgrace frankly and sick of decent hard working guys like you trusting your hard earned with them and they just don’t respect your investment. I am genuinely sorry to see this tonight. I expected it at 4p and 6p is better placing rate, it’s more shares than I thought at 26m but it doesn’t make it right,

This is the exact same pattern as before previous raises. Nothing I can add really. If the placing is filled 100% it gives them another 9-10 months cash runway IF they are careful. It’s Just the way they have gone about it for the second time now inferring no placing and then doing it in the background

6p is stronger than I expected

What is frustrating, not VAL exclusive, AIM in general, is that the MMs know the placing is being worked but still sell stock to unsuspecting buyers even today at 7.7p when tomorrow the SP will drop to 6p in line with placing, it’s total bloody daylight robbery.

Also, Suzy knows full well THX won’t be paying the cash hence the rise but has remained confident and Unconcerned. Yes, sure and now has a gun at shareholders head, we need the placing agreed otherwise we can’t trade. Marvellous.

Still deleting posts - LSE for balanced debate is at best a joke now

Prior to EVERY placing we see messages here “No news is Good News”

NO it is not. You need a CEO to drive through deals and a BOD that are act in shareholder interests not their own pockets.

As previous raises Suzy leaves it right until the death to raise. I have to say I genuinely thought that with the hype pump and ramping going on when the SP was driven on pure fresh air to 14p from 5p I thought Suzy would be smart enough to try and get the raise away at a higher price at that time.

Either she failed to secure support, didn’t even try for support or perhaps just holding on in blind faith for THX to pay up. Seriously, you can’t run a business like this, it’s bloody ridiculous.

So now, the SP is going to drift back to 5p and she will be trying to secure a placing from that point. A total Joke.

I had my flag in the sand at 20m at 4p to raise £800k, if she doesn’t sort this placing soon, I will need to revise it to 1 or 2p max. The opportunity is being missed and should that EUDA merger not happen the Share Price will be obliterated imo. Not that THX will pay anything anyway but if the market knows the deal is off who is going to support a 4p working capital raise knowing it’s a certain bet they will be back for more H1 24.

No news really is not good news

Jeeze, you can’t even try and have a laugh these days..

Well it’s clear to me she is specifically allowing the Market cap to fall to allow a chunk to be sold at a significantly discounted rate. And realistically after the first duster anyone coming in now will want one heck of a premium. Catch a falling knife ? Could be a penny who knows?

Problem that mere investors here have is we don’t really know the full picture, we are totally in the dark. Nobody will chuck cash at this if the chances of extracting Helium are zero. So can we assume if cash is invested they expect the second spud to deliver?

Well VAL have delivered exactly ZERO revenue in 15 years excepting a three month lab contract so there is zero chance of a NASDAQ listing on revenue exclusion not to mention the costs involved in a duel listing. Not viable.

Back on planet reality, they need to prove the current model and get finances sorted. I genuinely don’t see how the business challenges they face can be resolved with the current BOD. It will be interesting to see what support the board secures at next years AGM especially once they resolve the current financial position.

@OB - see I didn’t mention the incoming placing in this message - opps, take care

@Betterlife

1. If you buy a selection of AIM shares a high number of them will go south and a small number deliver high returns, Top slicing will help reduce losses. Likewise selling half should the SP double so you are in for free.

2. Adam has his reasons for investing and supporting the BOD that’s his business I’m not in anyway trying to compete so not sure I understand your question.

@PatientInvestor

Can you please define for me how “401 is done” please? My understanding is it went to the new 1 yr old Phoenix company Ambrose for them to try and position over the next year and they have an “option” if they can then find a partner or investor to fund trials. Ambrose raised £500k for their own business they are certainly not in a position to fund a £20m phased trial.

Further, my perspective was that it was VAL that took the ideas from University dev and they did the positioning part to then secure a license fee and forward licensing agreement with bigger bio that can afford to fund trials to the next stage.

Why can’t VAL do what Ambrose can? Do we lack the skill sets? But whatever the case I don’t consider a promise note of a 12mth “Option” and an undeclared token share issue in an illiquid share to be a great “done deal” outcome but each to their own.

Great post paternostpauper, NO PLACING!, IT'S JUST NOT HAPPENING. Great post paternostpauper, Great post paternostpauper, oh feel so much better now, you are so right, no placing thank goodness for that... amazing post, just amazing.

Just listen to yourselves, posting same old same old confirmation bias nonsense and championing the posters that confirm same, and removing posts you don't like, its ridiculous.

Look, Suzy is running a business here. A business with a limited remaining cash runway. She has confirmed same but you refuse to accept it. What do you expect her to do?

It is clear as day that she will need to organise a placing shortly and i would say that based on the last couple of trading days some in the inner circle already know this is going to happen.

How else can she get actual cash into the business? It is clear to me she was hopeful that THX would pay her to stave off the placing but is that realistic? Its the 11th on Monday? there simply isn't enough time.

Even if THX and EUDA merge the chances of the new shell having cash are zero, even with Heads of Terms it would take a while to complete then they need to go on and raise. It s total fantasy to think THX can now transfer cash to VAL in the remaining time left, its not realistic but please just keep burying your heads in the sand and stick fingers in your ears whilst singing lar lar lar its safer.

I respect this is not what the perma bulls here want to read and will probably request removal of my post but ignoring the facts of the situation doesn't change them. See you at the placing at 4p or 2p if Turner Pope cant secure support - it is what it is.

How many times have you seen this play out??? come on....

@PatientInvestor

LMOL, now I am genuinely laughing at you

So it’s now “Super Stella” the same Stella that won’t buy any shares in this business and on explaining why she won’t touch them delivered what was dubbed at the time her “Gerald Ratner” moment only a few weeks back, the same Stella that you were calling to be removed from the board at the AGM now she’s “Super Stella”.

You really are a prize, amazing

@TDK

Yes, far more experience of that specific company than me. I can see a lot of the business mistakes but hold my hand up if there are elements of a business i am unclear of. In relation to PYC i can tell you that @Share4 knows his stuff and some of the renamed/ reinvented poster that sit on that forum board 24/7 ramping the back end out of it and policing its content just like some of the suspects over here.

We should all be here to share information not work against each other and not create a ramping echo chamber. Its hard enough in these markets to hold the feet to the fires of some of the directors of some of these penny share plays as it is!!

@TDK

FYI, it was actually me that started commenting on PYC which the poster @Share4 has far more historic experience of then i do. The whole point of these boards should be to exchange views on a stock and its performance for new investor evaluations. Not to act as a echo chamber for posters like you to feel better about their investment choices.

@PM2022

So I’m a fool am I because I point out the bleeding obvious?

Because I believe it’s manipulation in an attempt to hype up the SP simply to try and get the placing away at a better price.

None of any of this will result in cash coming in other than from a shareholder placing.its a total farce. It’s like the THX LOI presented slightly differently for the BOD to continue feeding a lifestyle at shareholders expense.

My mention of the cash runway is because I consider it material here. IF no runway left to meet payroll and other costs in Jan which is what the financials declared point to how else can they trade without yet another placing. It’s kind of a massive elephant in the room imo and the telegram ramping crew removing messages over on LSE that explore this is absolutely ridiculous.

Suzy has to grant 14 days notice for EGM and resolutions. So we are now, 5th Dec, at a critical point where Suzy needs to be as bullish as possible for her life so this SP holds up to get that placing away.

Surely you can see this?

@PatientInvestor

Many a true word said in jest!!

You may well get an invite to join Suzy and Kevin by zoom on a live call in a couple of weeks time. It wont be the 15th though as they have to give 14 days clear notice of an EGM and it wont be for drinks and fun times but you don't need me to spell it out.

Be careful what you wish for.....

I agree that over at Beyond Blood their prototype hand held blood testing machine could well ultimately benefit patients with Neutropenia allowing for home test rather than visiting the hospital. There are lots of rare diseases that need better ways to manage the condition. You might be better off dumping your PYC shares and investing in the Beyond Blood Business if you are passionate about home testing?

This rare disease affects circa one in a million people, so it’s a small U.K. number 65? but a bigger Stateside one 35m:-

https://www.raredisease.org.uk/rduk-news/one-in-a-million-cyclical-neutropenia/

You would think Abbott’s and the big US hand held testing players would be doing this but maybe market size too small for it to be economically viable. If over the next few years Beyond Blood can perfect the tool maybe they could approach someone like abbots then to manufacture on a royalty who knows. But that’s over at Beyond Blood.

Meanwhile here at PYC Jim’s first job is to get consultancy fees exceeding overheads, get to break even, otherwise until then II will continue to avoid and just consider it a lifestyle business forever raising cash just to trade.

@Riddler

He earns decent money, you know that, over the last six years he has drawn the best part of almost a million quid out the company, so it’s a decent lifestyle he gets from PYC he is not some under paid hard done to worker!

It’s down to investor ROI now, what value we get? At the moment it’s down to if they grasp the concept of a business needing to deliver growth and more importantly profits or not. It will take time and probably more investor cash but the Jury is out if they grasp the concept - to date they have proven they don’t.

They have never made a profit since they listed and based on the last sets of results revenues have gone backwards. Anyhow, let’s see what they do.

Bless you too

Well I have my view on how events will unfold here and you have yours.