Member Info for Porky9

Would you like me to list 20 points why this dead cat bounce wont last and why the discounted placing will hit this and dilute any remaining holders to oblivion.

I thought you were going to refrain from ramping this. Same old, same old.

7. The warrants are only any good if you can keep them in the bottom draw and some miracle licensing deal of substance landed where it would be worth you cashing them in for a decent multiple. If the SP rallied to .50 there is absolutely no guarantee anyone would buy more stock cashing in the warrant. It's a total fantasy to think that and shows how naive they are to think that is something to cling to.

Sorry but the most likely way for ME to get more cash in to keep lifestyles going will be via the next placing circa end of the tax year - this is NOT an investment its a high risk punt at best with short term dilution highly likely - those are the risks.

The question will be; can ME get yet another placing away? Probably, it's the one thing this company is absolutely brilliant at.

Pork's

@Paternostpauper

I suspect you work there or are connected and hence why you have a vested interest in the gravy train continuing for evermore but for all other investors / punters the situation is very different. They don’t want to put up their hard earned cash if short term heavy dilution is practically bolted on or worse lose the lot if the raise doesn't happen and its administration.

So lets bury a few of your posting myths shall we:-

1.The runway guidance is NOT the “absolute floor” it can't possibly be and that’s simply because there is NOT enough cash to maintain the current excessive pay levels, admin costs and bonus payments beyond the end of March without other cash landing. It is that simple - it is NOT a given.

This is assuming that cash burn does not get worse than it is already. It could and that is also a risk factor.

2. Grants - Yes he could try and apply for grants, no guarantees. In the last 20 years they have secured some grants, I think the largest was about £200k so it is possible to extend the runway by circa another month or so IF they get one. With the mass of biotechs all in need of free money, join the queue. You can’t build a business model on hoping and praying that grant money will land to delay a placing, good grief.

3. Inalpha Income. Now you really are trying to make us laugh. They don’t know what an invoice is. There is no demand. I think the best they did was £10k once, we are talking beer money, They have no sales and marketing other than a BDM with multiple jobs that hasn't sold a thing in years - so where are the sales going to generate from exactly?

4. Licensing Partnership upfront money - Have you been with Mr Roarke again? The DD alone is well beyond the cash runway and the peptides a) have no interest from anyone of any substance and b) not even close to being positioned so you posting utter BS and c) the days of big upfronts are practically over, it has to be something really special for that to happen they are almost always milestone led and no upfront money. BUT as I say they have nothing here even close to being ready in that position and certainly not in the timeline before the cash runway is out.

5. Tax credits - possibly a small tax credit against last year's R&D spend however HMRC rules have significantly tightened in this area and i would say its touch and go but lets say they get one, whats that, another month's money at best, and again you are hoping it would land before the placing? Again no guarantees.

6. Exercising Warrants - Nobody in their right mind would want to buy more stock at inflated price knowing a) it will cause them immediate dilution b) stock will shortly come on the market in the placing at an even better price and c) unless they can buy to sell and flip it for profit. The warrants are only any good if you can keep them in the bottom draw and some miracle licensing deal of substance landed where it would be worth you cashing them in for a dec

Where did he get the figure from @Ray ?

Well its very top secret, so dont tell anyone else but, I have it on very good authority that that it was told to him by Mr Roarke.

Not long after a little chap going by the name of Tattoo for some odd reason kept shouting "de plane, de plane" and well the rest was history.

Pork's

x

Some quality ramping to try and suck in new money for the brokers and traders to sell into but, whilst I posted last week that you can clearly fool some of the people, hence the dead cat bounce, I actually think that pool of newbies to suck in is fairly thin on the ground, I mean it must be hard to find anyone on AiM that hasn't already been either a) shown it multiple times by multiple brokers b) been shafted already and left holding a position they will never recover from or c) stupid enough to chuck cash at this without doing any basic DD.

@paternostpauper who said anything about "Past" management? To be clear im referring to "Current" managent. To clarify:

Two raises back ME was adamant that to quote "Labs would break even that year" it didn't. Further, it wasn't like it was a small miss, it didn't invoice a bloody thing, it delivered zilch financial revenue.

ME was adamant that THX was doing the 201 deal, it was plainly obvious it was never going to happen, but he still ran with it, still convincing investors to chuck more cash at this to give it more tine for THX to come through. Sorry but that was also really poor judgement imo.

"Runway guidance" is "the floor" dont be ridiculous, its an overly optimistic fantasy view that's not remotely realistic.

And as for valuation, I would say its materially overvalued, in fact its currently enjoying a dead cat bounce at 80% premium to the placing, yet only has a few weeks of cash runway left before an emergency further raise required to keep the lights on. Who are you kidding? Closer you get to the cash running out the more the SP will reduce in line with the raising requirement.

Oh come on Stephen, you can't seriously believe that utter baloney surely?

He is going to make £902k cover all his admin costs, bonuses and jollys abroad including Nov Salary, Dec Salary Jan Salary.... to June Salary and raise in July? In H2?

Jeeze, Stephen talk is cheap we know but I want some of what you are smoking if you think that's reality.

End of March before Tax year end.

It's like groundhog day, everytime you over exagerate the length of the cash runway, then the discounted placing drops, like its some total unexpected surprise, you vanish for a few weeks and then return later to start pumping it all over again before the next raise again - you couldn't make it up.

Not 4.30 yet Stephen - enjoy your day:)

Got to hand it to you @viera to be honest Nick I didn't think you would see a dead cat bounce to .40 bid high, doff my cap to you 80% ROI lovely. A bit of luck on your side with Zac Mir adding to the pump mind you :)

Just sitting back now, pass the popcorn as lemons desperately try to convince other rainbow chasers the gold really is there whilst scratching heads why the SP is sliding and how they didn't expect another discounted placing so soon as the brokers and traders take their profits.

As I say, clearly VAL can still fool some of the people.

@Fredd1eboy - Trust you are keeping well, never been an AVACTA fan but Classic case of sell on the news, to be fair, the jobs done getting a commercial partner to take it forward is the challenge for them now BUT this is the issue. Bulls would have you think everyone is falling over themselves to chuck billions at licensing deals, they are not, market still dire and only the best of the best of the best with MAJOR ROI potential are getting deals. It will be a long wait now and that's probably why some are taking money off the table- good luck to you on it, you deserve a break with it.

@paternostpauper - here we go again, what's the expression now, "if you can't blind with science baffle them with bull sh.." I can tell you now, market are not interested, they want to see hard proven facts, they want to see audited income in the bank, not raise after raise after raise after raise and ZERO income in 20 years, jeeze I have said before, tongue in cheek, VAL dont know what an invoice is, its a lifestyle business. The only thing you will get in an update will be fluff.

Before the end of March ME will need to get the next placing away, its how it is but to be fair this has had a bloody good dead cat bounce from .25 Zac giving it a pump for the traders also helped but you would have to be raving bonkers buying at this level, absolutely nothing here frankly remotely investible but if you want to chuck money to feed someone's lifestyle go for it.

Or simply wait for administration first quarter 26 and pick up anything worth having? For sub £50k all in

More likely though that ME will get another discounted raise away, what's another between friends....

problem you have @iceman_1 is that its not physically possible to get a deal that actually results in hard cash coming in before the runway runs out end of march. due dil alone would take longer than that but clx is not even close to being positioned, its years off. so the only way me will get cash in to keep the lights on is via another discounted raise, this is not a good play for lth, its for trades only, if you get a profit grasp with both hands because it will turn to **** very quickly and you will be totally trapped.

@vikr forgot how many times i said this forum is to discuss the stock not a) individuals and b) is not an echo chamber for rampers only. sorry to dissapont you but, if you are dumb enough to buy and hold with all the proven history here, more fool you, you deserve what you get - for the purpose of doubt that will be to get royally shafted in a few weeks time if he can get the next placing away by being diluted to oblivion

Its ony worth what someone will pay for it - currently thats ZERO - it needs loads of work, not to mention early stage peer reviews before we even get onto early stage trials, good grief its many many raises away yet and certainly ZERO chance of any cash landing for it before the runway is out. thats for sure. Tick TOCK

The question for traders is do you want to be left holding the baby when a) the discounted placing lands or b) the highly likely 125:1 consolidation lands (its well over due now) c) brokers ditch all the shares for the placing fees they have or d) simply other traders were smart enough to take profit first whilst it was on the table rather than find themselves trapped in a sinking boat that is desperate in need of more cash that might not come to the rescue. Answers on a postcard.

There are no guarantees punters will want to keep chucking cash at this to keep lifestyles going, its that simple.

LMOL - because you are betting on the "Emperor's New Clothes" thats why, absolutely FA here worth investing in, just a dead cat bounce before the march raise. simple as that. You may as well bet on two flys on the wall.

Good luck with that.

Zac is always good to support a P&D. Reel a few more suckers in then dumpty, dump, dump dump

Same old game

Out of any of them Nick, I genuinely hope Stephen can get out as unscathed as possible.

Very nice premium, even .30 bid is still a 20% ROI.

And brokers will be more than happy to cash out their fees shares for that, they will ideally want to average the .25 they were based on IMO so, I can see chunks at this level and chunks down to say .18-.20 being sold to secure it.

"Primed to blow, the ships engines will never take it captain" "i can't get any stock"...

LMOL

What a load of ....

A couple of would be Charlie's about to get burnt

with the eye watering amount of shares for fees brokers have, seriously buying unlimited volumes of this really isn't an issue, that's of course if you are daft enough to buy.

As Nick said, if you really want in on this lifestyle business, wait until the March discounted placing. Frankly, If they get the placing away, yet again, you will likely pick them up for .10 to .15. Next time, not Long to find out.

Meanwhile, traders and pump and dumper will have their fun...