PM - given that you felt that in excess of 160k a year for SD was a mendacious deramp, do you consider it excessive now that you know it really is what she earns (or is paid, anyway)?
I suppose it's like me saying to the wife that I'm off to the bank to get a load of money as the bank has strong access to funds. But if my proposal for the bank to fund me is examined and found wanting, then I'm not going to get any money. Although in VAL's case it seems more that the bank manager has had other things to do and has left them sitting in the waiting area for 2 years plus while he gets on with more important stuff. Every so often a clerk walks past and says 'you can go home for a while if you like', but the 'VAL' thinks 'no, as long as I'm here, the wife thinks I've got a chance of coming home with some cash, but if I go home empty handed there'll be he'll to pay.'
Very true Nom - also worth noting that the word 'Believe' comes up a couple of times, as in 'We believe TheoremRx has strong access to capital' and 'we believe that we can help'. A belief is not a fact. Some people 'believe' the earth is flat. They really believe it, and tell everyone who will listen of the belief, but.....
And since when did any of the currently fruitless discussions between TheoremRX and EUDA ever involve Val in any way shape or form? The now very dry and crinkly LOI is unlikely to form part of any DD, discussions or contracts, even if one 'believes' the silent and long overdue 'merger' announcement will come to anything. Beware the pump to offlaod the 6p shares.
PM - I suspect your first sentence in that post is pure speculation regarding Porky9's financial situation, unless you happen to be his accountant which seems unlikely. Also pure speculation, but it looks as if you and possibly at least one other are limbering up for a renewed session of t urd polishing. Time will tell.
Has anyone considered the possibility that whatever Suzy's level of scientific or managerial competence, 201 is simply a dead duck? Tiny number of patients on a safety and tolerability trial only, and now inches deep in dust on the shelf. If a specialised funding finder has got nothing in over 2 years, why withdraw from the LOI - the only spinnable spark of hope that can be waved in front of shareholders? Suzy may actually be working as hard as possible, but is basically trying to plait fog.
Arguably it's more relevant that they aren't sending a scientist to present science stuff, but sending the CFO presumably for specific financial objectives or advancement, and with a 2 year(ish) Bank balance already in hand. Not expecting ground breaking RNSs as a consequence just yet, but it's good to see this sort of thing gong on.
No need to ask your question at the EGM - the answer lies in the words you copied - 'Opportunities' are 'being explored'...... to promote the project to 'potential' .... partners.
It's like a beggar in a city centre asking passers-by for 10 pence for a cup of tea saying 'I am actively exploring opportunities with a large number of potential sponsors to develop partnerships to allow the acquisition of substantial refreshments.'
'Save these words' you said. So I did. Glad it's the only piece of advice I took from you...
PatientInvestor8
Posts: 593
Price: 9.875
No Opinion
RE: When will you call it a day?Today 14:24
CB.... why dont you sell out if you believe that the trend has changed?
lol...Porky has ONE last fan left here.
We moved up 200% and now consolidating at 10p = 50% retracement.
Trend has now changed to bullish. I just measured the next move in SP, min 10p!
When deal gets done this will gap up! Save these words! No chance of getting in cheap! NO chance!
Https://seekingalpha.com/news/4050192-ma-activity-expected-to-pick-up-in-2024-bankers-say
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.