Member Info for Porky9

It will be poetic justice frankly if the brokers struggle to sell the stock into the market to cover their fees before the March placing.

Expect some serious ramping attempts between now and end of March- i dont think there is anyone left now stupid enough to buy into the nonsense.

Oh bless

Is this the next new account attempt from @PM2022, good grief.

Reality will be, get the bubbly sorted for the Christmas party, all the bonuses paid, sort out a nice jolly to the USA to get some golf in at SH expense first quarter and go for another lifestyle raise end of March.

At that point, the investors of the placing brokers will a) either tell them to FO, this many raises really is taking the pee or b) highly likely chuck another load more cash in the pot, what's another raise eh but certainly another 125:1 consolidation will be needed then the share numbers not being workable imo.

Talk about trying to kid a kidder, too little too late now, runway nowhere near long enough now.ME best option is to enjoy Christmas get the benefits paid and see if he can pull off another raise March or pick up any assets cheap in an administration.

Meanwhile, no doubt have to endure BS fantasy posts here to try and ramp it to get stock sold ibto. A hecknof a lot of broker fee shares for a start need to be offloaded.

@PM2022

Yes well how about paying the board in potential? Thought not, they want hard cash!

As for holders selling, good grief they have been completely and utterly shafted, no value left in their shares and what little is left is about to be diluted to oblivion once the new shares land.

I really dont know how you have the brass neck to start ramping again.

For clarity my reply is in relation to @PM2022 comment 09.07

That is absolutely outrageous!!

The cash burn is horrendously managed, the admin costs are a ridiculous for the size of the business whilst they all play at multiple jobs. You I suspect being one of them!!

100% guarantee you will be back to rinse potential shareholders again at the end of march, meanwhile you will desperately need to ramp this now at any cost because the brokers will need to sell into the stock to get their fees out. Frankly, i hope they get burnt on the equity for fees deal and think twice before entertaining a lifestyle business doing constant raises - is there no shame!!

@PM2022

I dont know how you have the brass nerve to post that, clear you are posting on behalf of the board again and further posting the same old fantasy claptrap that the money will somehow last longer - it won't, you illustrate your lack of commercial acumen in your posts in exactly the same way that the board do.

End of March next raise. This raise was IMO two figures to LTH, parking aside the diluting destruction this issue causes, nobody has commented yet on the broker fees being in shares that will also be sold into the market. Its like bloody groundhog day, they pulled off that little stunt to get more cash for spends at shareholders expense in CENKOS days, remember that? Or are we to have short memory loss?

Frankly, its absolutely disgusting, I have no other words for it, shame on the brokers for also for residing over this and the lack of accountability.

@Nick, im sure that was a non rhetorical question, the value has been eroded all the way down, failure to deliver and shareholders continually shafted, its a lifestyle business and has nothing left IMO. CLX will need alot more investment and time and the cash runway nowhere near enough.

ME might aswell, pay himself a decent crimbo bonus, enjoy Christmas, get a first quarter 26 US trip booked and get some golf in on expenses and start talking to IPs about options to put it into administration and take CLX private but then again can probably do all that anyway and still milk it for a couple more rounds, why not, clearly some have more money than sense and as long as the brokers can cream some off the top, why not? Ridiculous frankly

@Oxmil

As i understand it CLX is in a SPV - they set up a Ltd coy for, it is part owned VAL part owned directors and the original scientists - so yes you have a point they probably could just pitch for that on its own. But in an administration the IP would be looking for best offers for the lot and tbh i don't know how good or bad APTAS tech is, jury out but they are doing some revenue which is a plus. CLX needs specialist dev is my understanding, not sure APTA have the skills in house to do that but it could be outsourced hence a dev cost so give you that, not necessary to reverse it into APTA but you get the chain of thought.

see what happens, 16 weeks will be back at the money trough for more, as sure as light is day.

Hi Nick

IMO - if i was Adam, i would wait for it to go into admin in March and put a cheeky bid in to reverse CLX into APTA - Probably pick that up for £50k or less IMO but needs investment - its worth next to FA in its current state and needs developing but three fours years down the line could be made into something, this team wont do it - proven.

The £900k will be spunked up the wall on bonuses and salary benefits/ admin fees - 4 months will be gone and next lifestyle money raise required.

As for labs, not worth anything, total liability. might get a fire sale for some lab equipment but its a rented lab not worth jack.

No point in talking about what they could have done, a half decent sales team with support packages could have sold deals into the market to get some revenue flowing, as it stands next to zero revenue not even tried imo. How exactly was labs going to break even? remember ME saying that? just pure fantasy - no commercial acumen IMO and too late now as i see it.

4 mth runway not long enough, if you cut staff admin costs now you would have costs to pay them off and no immediate benefit- too little too late.

sorry but no focus here, all doing multiple jobs elsewhere, just milking the cow until nothing left - that's my opinion and i see no evidence to the contrary

Pork's

Can't say as i blame you, events here over the years have been absolutely shocking.

I think some of the blame should sit with the placing brokers, they have resided over allowing this business to have now, what is it, 17 or 18 raises or more, something like £35m + of investor cash chucked at it and never delivered anything other than empty promises. The poor level of business acumen displayed all the way along has ben nothing short of diabolical in my opinion. Yet they continued to support them just to get fees.

If i recall, i think SP Angel were involved back in the day, they kept changing brokers, we have had what four or five brokers is it?, rinsed their clients and now complete 360 back to where they started. so i'm not surprised the wrap offer wasn't supported fully. i don't think there is anyone left that hasn't seen this AIM prospect and with so many small investor casulties only a mad man would chuck more at this as i see it.

Issue now really is that on the current burn, £900k is not enough, that gives them what circa 4 months runway, not enough. I think there needs to be some guidelines brought in on AIM where you can only raise for say a 12 or 24 month runway and if its not met, you cant raise. The brokers should properly evaluate the capital requirements on the business plan and hold the businesses to account. Good grief even small businesses trying to crowd fund, if they don't meet the target the funding is pulled to protect those that would back it. On AIM its like the wild west at times.

They will need more cash for sure before end of March 26 so will be either looking for a raise yet again or if not look to buy anything our via administration, take CLX private as everything else is a liability frankly IMO.

The broker fees via shares will be drip fed at anything close to .25 during that short window, maybe less, getting their fees out will be priority now and any spikes sold into. Yet another 125:1 consolidation probably called for again if they can get another raise away in March but someone really should say No, enough is enough. It's clear the business model doesn't work but here they are yet again. TBH i didn't think the last three raises would happen but they did so maybe ME will pull off another one why not but at what cost? a lot of people of lost a lot of money on this and more, not to mention one who sadly took his own life.

I have nothing positive really to say, it remains a lifestyle play no doubt the connected cheerleaders will be back here again, although they are awfully quiet for some reason......

I really wish you well and genuinely sorry to hear about your financial hit here but its only money as they say... take care

Pork's

@Paternostpauper AKA @PM2022

Looks like you will need to burn that username now and reinvent a new one. Unless of course you want to tell us which part of the recent RNS updates "I’m looking forward to them immensely" you are pleased about?

LTH have yet again been completely and utterly shafted, so so predictable you couldn't make it up.

I do however have to hand it to ME for getting yet another lifestyle placing away, mind you 5 mths money is not very long but he can always do another placing end of March 26 so buys a bit more time and at least covers the bonuses and bubbly at the Christmas party, so all is not lost.

@Seawolf

You can be anything you want to be. Laura just at weekends if you like :)

Nothing further needs to be said on this one now anyhow - its plain as day, just awaiting the consolidation RNS now,.

Take care now

Pork's

@nomlungu

Not a chance, flood of broker shares at .25 will be sold into the market at every possible turn, enormous overhang.

5 mth runway not long enough but can always do another raise, but keeps lifestyles going longer which should be cause for celebration, well for the BOD anyhow, every cloud and all that.

@PP

Tell you what. Come back here in 30 days and tell me which of the following events took place:

1. ME got yet another discounted placing away to keep lifestyles going for another 10 mths.

2. ME secured death spiral finance again to maintain lifestyles for another 10 months

3. Neither of the above, company going into administration, no finding available due to constant failure to perform.

Which option will it be @PP or are you going to tell me that they dont need emergency funding ?

Perhaps focus on your investment NOT individuals

@PP

Nick wont be exercising any Warrants anytime EVER. I'm sure you were spinning that line after every other raise that gave away a bucket load of discounted warrants to try and sucker investors in. Remember the CENKOS warrants at 21p? Nick would be better off using the paper they are printed on for roll ups.

Look if ME can pull off a miracle and get more cash chucked at this in the next couple of weeks, has to be touch and go, if he can get £1.5m at .20 to keep the lifestyles going for another 9 months, he will be lucky and that would likely need to come with a bucket load of fresh new warrants. Then they would likely need to follow that with another 125:1 share consolidation (4th time) to get the share numbers back under control.

Sorry but what i object to is the constant spin from you when anyone doing even any amateur due diligence can read the history for themselves but then again you have a vested interest doing that. Lets see if the placing get's done or not? Not long to find out.

Not enough to cover the bonuses im afraid, need four or five times that i recall but it might cover the recent jolly to the USA or the bubbly to celibrate getting the next placing over the line again :)

No - at the last raise Mark was absolutely adamant that "Labs was breaking even that year" nothing to concern with, it woukd be covering its cost and then talked about how that two bit us company (THX) was still going come through and all these amazing deals in the background were coming through.

Sorry but point one; Labs has never got even close to breaking even, in fact it hasn't invoiced anything at all as far as I know - so its clear to me they failed deliver on that pledge but worse it actually looks like they got the cash in and made zero effort to even try and monetise Labs. The failure to deliver on any pledge has been a recurring theme in this aim stock practically since the startv- sorry but face facts

But the biggest elephant in the room is that Investors did NOT want to be investing into a Labs business. Practically none of them make a profit

IMO because the original business concept of taking a pre-clinical asset on for peanuts and trying to turn it into a materially higher value asset further down the line, has remained unproven to this day, 15 years later, they have moved the business in the wrong direction, first playing at biobanks ( do tell me what revenue in the last three years from Labs has been invoiced? Zero) proves my point and secondly dabbling in vetinary, what was that about?

Tell you what @PP if ME can get another £1.5m in the pot from yet another raise, I really do doff my cap to the guy. One thing this business is great at is capital raising i give him that.

Actually your post @PP doesnt really help your ramping cause if you think it through:-

1. So the IP asset was acquired for 300k usd a fraction of its original listed value. Illustrates perfectly how fire sale assets are cheap. What do you think VALs would be in this situation. Less than 50k is my best guess.

2. Illustrates what poor value buying the lab assets here for 300k was.

3. You fail to see that their are substantially bigger biobanks out there as competitors, take Natalie's biobank over at Biotech in Liverpool for example.

4. Lab businesses are notoriously difficult to make profitable due to high labour costs

Stephen, please dont be flippant - you would do well to at least consider his points - a decent guy died, have some respect.

The next major anouncement here will be either:-

1. We managed to secure another £1.5m to keep lifestyles going for another 10 mths. Discounted raise at .20 at best.

2. We couldn't get an equity raise away but have death spiral finance in place for £1,5m. It will dilute everyone to death but that wont matter because directors will be able to continue lifestyles, every cloud and all that.

3. Sorry but Investors said enough is enough, we have asked for cash and never delivered so many times that they wont support another one so its administration - good news however is that directors can buy the assets for £10k all in from the administrators so should anything come good In the Very long term future, directors can still benefit, every cloud and all that..

Pick from the one above most likely.....