Member Info for ratcliffewriter

Boil, not build.

Probably the sprouts. They should have been put on to build at least a week ago.

Question was 'have any new contracts been signed?'

Suzy took several minutes and effectively said 'No.'

Anyone interpret it any differently?

The question re the 2.5 million owed by Valipharma asked 'where did the money come from and what was it spent on?'

As far as I heard, this was utterly ignored. The entire sum (which exceeds the latest raise by a considerable margin) was apparently brushed aside as 'an inter company loan' and 'an accounting artefact.'

The whole reply was a massive load of dismissive waffle which did not answer the question. So 2.5 million is just a hypothetical piece of hot air is it? An 'inter company loan' with no explanation regarding what it was spent on and when it is to be repaid. Loans do get repaid don't they? Otherwise they would be 'gifts' not 'loans.'

This is wholly unsatisfactory imo.

'not being willing to "gamble" the whole of the Company on VAL201 money' - wise choice, because she'd lose. 201 produced lacklustre results on a group of patients so small that nobody of any note would be even remotely interested. And if she bet the farm and lost, then it's bye bye 160k a year.

'regular lines of communication' -

'Hi, it's Suzy here.'

'Who?'

'Suzy. Suzy Dilly. Valirx. I rang you a couple of months ago. About the money.'

'What money?'

'The 1.6 million you said you'd try to raise for me.'

'Erm....oh yeah, I remember something about that, but no, don't think we've got anywhere with it yet.'

'Oh. OK then, I'll ring you again in a few months if that's OK?'

'If you want, fine. Or we can email you if we get any news, save you phoning.'

'All right, if that's easier. I'll have to go now, my 10p has run out and the pips are going.'

'Sure luv. What was your email address by the way....oh she's gone.'

As the saplings in the orchard wither and die, they might then do a large raise with a view to buying a glassworks to make the jars for the jam (and also for working capital purposes of course)

Of course it's sensible to have cash (runway is just a word to make it sound interesting - remember the 'data lock' val used to go on about? They just meant 'data')

In reality, leaving it into next year would not have meant 'tight', it would have meant 'broke' on pretty much any estimation.

'We believe that conducting the fundraise now is in the best interests of shareholders to ensure the future success of the company' - translates to me as "the coffers are almost empty, there's nothing on the horizon either science or income-wise, and the sp had gone back into reverse after the pump."

The gun is back at shareholders' heads as ever.

If Stella Panu contributes to the placing will it mean she has decided Valirx is now investable, or because she has been forced to partake to save face? And will SD partake as she has the spare cash which she claimed not to have to invest, or is she skint and so will her family go hungry to make a show of buying in?

Most telling will be the amount each of these two actually puts up. Very reminiscent of the placing in May 2020 when LD stumped up 10 grand in a placing ahead of an AGM seeking approval. 10 grand as a percentage of any 7 figure sum is a token proportion in reality. If she's so full of confidence and unconcerned she should be leading the investment charge with Panu right up alongside.

Patientinvestor8 at 14.10 today - IM NOT WORRIED! IM VERY EXCITED ABOUT THE NEXT

RNS.

THERE IS A REASON WHY THE UPDATE IS LATE.

IM SURE SUZY WANTS TO SEND THE BEST RNS EVER!

Still excited? Hope nobody fell for your posting, but I've a sad feeling some will have done. Perhaps if you hadn't led the cheering to get so many of Porky9's posts removed there would be fewer people tonight who will be stunned and upset by what was looking ever more likely. Hope you're happy with your efforts PI8.

No need for that - they've just raised 12 million at a small discount, but that's not something that needs talking about here. Let's see what Trx can do to complete the 1.6 million they were going to raise by this time 2 years ago. Keep it relevant.

PP - that'll be 'Dr Dilly's upbeat assessment' which you agree is 'blindingly obvious' is not worth the breath it is spoken with.

As a cautionary note, it is worth keeping it firmly in mind that SD can say all sort of things on the lines of hoping for a 'blockbuster year', expecting to put out a 'significant update' on any products at all, and all sorts of comments could be made on the lines of 'hop', 'expect', 'anticipate', 'looking towards' etc etc - All the comments mean is they are an aspiration at best, and more likely just a fluffy platitude. Any actual facts which may have a material effect on the company's share price will be issued via RNS. Remember Sareum several years ago stated confidently that they expected to conclude 'at least two commercial deals by the end of the year.' It was a comment, not in an RNS, and it was an expectation. Guess what? Nothing happened. So SD could say 'I expect Val will be a multi billion dollar company in 3 years', 'I expect the lab to generate enormous income by the end of Q1' or 'I hope a major bio will buy buy us out for 100 billion' and not break any rules at all. It would get a lot of underwear here very moist, but it would mean absolutely zilch as it wasn't official news, it would just undermine her credibility. The only financial things RNSed lately have been a small amount of now-completed work several months ago at the lab, and the acceptance of a tiny amount of shares in a very small company in return for a contract which may or may not lead to possible further interest in a year or so, with no figures given for either. And that's it. What happens next I won't forecast, but wheat and chaff need separating, and so far it's pretty much chaff as far as I can see.

Castor - 'Im sure there will be no problem for us to go on NASDAQ.'

That has to be the funniest thing I've read here in a very long time. But be careful with the tongue in cheek comments, some other posters might get upset.

If another party were interested in ValiRx I don't think the BoD would have clung to Trx and made excuses for their inability to produce any money at all in 2 years.

As far as I remember, the mythical 'Black Cat Bio' are still trying to raise 5 million in total silence for a good few years. Correct me if I'm wrong...

The figures are all in the RNSs.

'Company will receive gross proceeds of approximately £12.7 million.' That's including 2m from the PI open offer, assuming it is fully subscribed.

More fool VAL for giving exclusivity to Trx. Was this because they honestly thought that an unknown outfit could source 1.6 million in about six weeks/six months/2 years/whatever? Or was it a means of disguising the fact that nobody else was even remotely interested in Val? Have they been turning down hordes of funding approaches saying 'sorry, we're in an exclusive agreement with Trx'? Without the LOI story I suspect it would have been just total silence, which is as good as what they have got to date.

CastorTroy

Posts: 98

Price: 7.80

No Opinion

No News Is GREAT NEWS!Today 08:55

Im 100% with P.I.

REVERSAL DAY!

Which way...?

Https://x.com/scancellpharma/status/1733117393583444374?s=20