Member Info for Porky9

@umx484

Why post the same cut and paste again when I answered all the points at 15.53 today

I wouldn’t mind but it’s some other rampers work...

Think for yourself

@PatientInvestor

You have not replied to my thread:-

IF the cash from THX doesn’t land in VALs account, what is your plan B?

Would you support the placing and if so at what price?

@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.

@uncanny

not interested if one two bit stateside company merges with another or not, couldn’t care less.makes zero difference, only interested if val are going to get paid or not

short answer is yes if they transfer the cash to val and a categoric no if they don’t.

my issue with this entire hype and pump creation is that i just don’t believe thx will go onto raise funds and i certainly don’t believe for one moment that they are sitting on 60m+ of funds ready to deploy already. this will fall on the generosity of shareholders to dig deep in a placing for sure.

if the merge rns lands and confirms they have millions in cash and will be paying partners as a result, fair enough i will shut up, but i put the chances of that at zero.

tell you what though, if that rns doesn’t mention any cash already raised there will be a lot of ****ed off shareholders that have brought into this ramp that’s for sure. we will know soon enough...

@JWallows

Not confused one bit

IF a merge note comes out saying the new entity has 60m of funding being distributed and a payment is winging it’s way to VAL for the LOI to avoid a placing as I say I will show my ass in Poundland’s window. Just don’t believe it nor you for that matter.

No evidence whatsoever punters speculating on pure hopeium.

Anyhow, will know shortly, 30 days is up Saturday.

Jason, i said to you yesterday, you change you mind more times than a girl deciding what dress to wear on Prom Night

Swing trading at its best

Positions will start closing out shortly.

RNS if delayed to Monday as i say, even with a merge will confirm no money and no cash being transferred to VAL, just hopeium that they can raise in the future. Then the SP will go down like the Titanic,

@PatientInvestor

What smart people?????

BS - I know a ramper when i see one, I was one, I'm well qualified to sniff out BS

You are being played like a bloody Stradivarius

Keep ramping

Winner Winner Chicken Dinner

Spin that wheel

No RNS yesterday or today, just got to milk it that bit extra.

At least the 30 days is officially up tomorrow and then proof that with our without merger there is a) No money and b) zero chance of VAL being paid anything.

But enjoy the hype bubble before it pops.

Thank you very much for ramping, please can you ramp some more

No mention of the £20k sale just before it.

Anyhow, have ramping fun...

Always good to buy the dream eh

You think merge news will confirm cash or funds - deluded. It wont absolutely guaranteed.

See you at VALs placing shortly just waiting on the resolutions and EGM date.

Haha

Like i say, a mere distraction

Show me confirmation of funds raised and moreover transfer cash to VAL before they run out.

You can't as its all BS and any merge news i guarantee wont confirm any money from anywhere being transferred in to the new business or out to partners like VAL

Total BS

What you thanking him for, helping you ramp the back end of this stock to high heaven

Absolute disgrace

AND if i find out it is PAT or Ken behind this hype ramp, i will send the the entire file of all these posts here and over at Twitter for the FCA to fully investigate

Its absolutely outragous.

No @JWallows its NOT over

Point me to ANY document ANYWHERE that proves they have funds raised.

I am totally calling you out on this BS

IF THX raise later i absolutely guarantee there wont be any mention of the deal coming with funds included ready to deploy. Further no mention they will be transferring cash to VAL either.

You can fool some of the people some of the time

@IM

Profit is only profit if its taken. Like the last hype bubbles here, people keep buying the dream then it drops back to 5p and they are locked on waiting on the next hype bubble regretting why they didn't take profit when they had the chance - same old same old.