Member Info for ratcliffewriter

If the placing turns out to be even a few months away from Porky's predictions it will still be more accurate than the 'major funding' predictions from the cheer gang, which some far haven't appeared even in the same decade as forecast. Or maybe that confidently predicted offshore 60 million is just stuck at customs.

At least nobody has been able to say he's talking it up for a funding effort.

Notpotalot - the most recent 'made up' piece here was PP claiming his post contained caveats which it patently didn't. But that aside, a board needs discussion, and share ownership is not an admission ticket is it? Without debate it becomes a one-sided nonentity.

Also, you have no idea where I am invested, so maybe the 'you can't talk because you don't own any' is inaccurate, maybe it isn't, it's certainly irrelevant, and as I say - you just don't know.

As for Porky or anyone who doesn't toe your line being a mischief maker - surely you are confusing 'mischief-maker' with 'someone who asks questions you don't like or can't answer'?

When it comes to accuracy, look back over the last couple of years and you'll find (much to your chagrin no doubt) that Porky has called placings which have arrived, and all of them more or less spot on give or take a few weeks - the ones in late 2024 and late 2025 being the most recent yet were countered with accusations that he was mentally ill, he was trying to get the price down so 'his mates' could buy in cheaper, and whatever else could be concocted. However, your predictions and those of your supporters seem to have landed way wide of the mark - the TheoremRX fiasco being the most recent, but don't forget Black Cat Bio for another, and the predicted income from the lab which has yet to appear in any quantity sufficient to make the lab be anything more than a net drain on finances.

Porky puts forward the idea of 'at the current rate of expenditure, with no income, more funds will have to be raised in a finite time period.'

What's mischief-making about that? He was right about it in 2024, he was right in 2025, so what's different this time?

Counter arguments to Porky would be more credible without all the conditional phrases, but attempts at character assassination don't act as arguments against the cold hard facts of ever more limited finances.

So keep the debate going, but maybe keep closer to fact than hypothesis and abuse?

You’re being ‘economical with the truth’ Potty – I asked you what happened to ‘I’ll take some time out and won’t be back until the next decent RNS’ and you said ‘Rat, you really must learn to read ALL a post (or RNS), not select excerpts to suit your agenda. Did you not also notice the proviso? – that both Porky and yourself also cease posting fairy tales.’

Well here’s your post in its entirety from 8th December 2025 –

RE: Added few more today! Today 09:00

Having proved a couple of posters to be clowns, I’ll take some time out and won’t be back until the next decent RNS. Probably see you all later this week! 🤡🤡 🤣

There is no proviso there – so please check your facts. It would make a change.

Anyway, back to the question you dodged - what happened to the pledge to stay away until the next decent RNS?

Notpotty - what happened to 'I’ll take some time out and won’t be back until the next decent RNS'?

He's hardly likely to say 'we're running out of cash and nobody wants to take anything of ours on' is he?

Correction - should read 'NO significant trail of any realistic cash.'

Very true - how come 'I think there will be a placing at 0.15 by end of Q2' gets removed, whereas 'warrants at 0.50 will be exercised and there will be money from deals' is somehow OK, particularly when there is a massive history of placings but significant trail of any realistic cash coming from anywhere?

I must have missed the RNS appointing a new non-exec in the form of Mr D Trump.....

'Given we reached 0.48 if they have not been exercised it means they expect a higher price' - No, it means nobody wants to pay more for a share than the market price, and despite all efforts the shares have not hit a price to trigger anyone to exercise their warrants - fact. Also, it may have hit 0.48, but it is now far closer to the price of the last raise than the warrant price and needs a 50 percent rise just to return to 0.48 - Fact.

Anyone minded to be an "investor" here also needs to note that no warrants have been exercised since 2020. Fact.

Please note I have not used the words 'if', 'likely' or 'possible' in this post.

I would suggest that stopping board chat is generally not a constructive thing to do - How about trying less use of words like 'might' or 'could', and backing any post up with material from RNSs, actual scientific progress and accounting facts rather than pure conjecture? Like the difference between 'I'm buying a Rolls Royce and a country mansion next week because I've bought a Lottery ticket and if I win that's what will happen' versus 'I've bought a lottery ticket so it's 14 million to one I actually win anything useful.'

But what do I know? Apparently I'm RayPointer anyway, according to the experts.

The last time warrants got taken up was (as far as I recall) in 2020 ahead of the excitement over VAL201's clinical trial results. By September 2020 they had around 2 million in the bank, and less than 60 million shares in issue. The 201 trial (which was only a safety and tolerability trial for about a dozen patients remember) resulted in an RNS which said 'The Company expects to publish the data on the National Institute of Health's (NIH) public database ClinicalTrials.gov, as well as produce research papers for peer-reviewed publications.'

Anyone seen any research papers or peer reviews in the nearly six years since?

'...it is all simply scaremongering and mischief-making in an attempt to supress the SP...'

Come on Notgotalot, you know full well that even if anyone had that intention, all they have to do is drop in every few weeks and see how the SP is being suppressed (or is that destroyed?) by the repeated raises, the lack of any scientific advancement, and the direction in which it is heading. Two examples - 201 (the 'wonder drug') which has sat on the shelf gathering dust for some 7 years, if reformulated, repatented, or otherwise raised from the dead would take how long before it generated any commercial revenue? 10 years? 15? And as for the lab, it seems to cost more to rent, staff and equip it than it generates. The company is not a victim of bad PR, it's a victim of its own track record, and a lot of people have been victim to the spin you have tried to put on it to drag folk in and enable you to exit. Has it crossed your mind that possibly ME has ended up buying so many shares simply to help the placings assume a veneer of credibility? But in any event he's getting a monthly refund on his purchases - his salary. Punters who have put thousands in to find it now worth a couple of hundred don't have that safety net. So stop banging on about these nasty people 'talking it down to buy in cheaper.' You know it's as credible as 201's test results.

1) 'With cash until H2'....? This would not only defy the odds, it would defy the mathematics of money in the bank divided by cash burn per month

2) '£1.8 million in warrants from 0.50p' - this would require the currently declining share price to stage an about turn and increase by around 60 percent to reach the warrant price (even the round of pumping after the last raise failed to achieve this) and the sp would then have to be sufficiently above 0.50p to entice warrant holders to pay up with the confidence to know they would be able to sell out at a profit. You know full well that warrants don’t just magically produce funds the moment the sp hits the relevant price.

It could happen, but imo you'd have a greater chance of making money by betting on Lord Lucan winning the Grand National on Shergar two years running.

Evening WF - good to see you back.

Yes, C7 was always sincere and interesting, but as a medic friend of mine once said, 'life is just a sexually transmitted terminal condition.'

Onwards and, one hopes, upwards!

Well Marcus, whoever bought 360,000 on the late publoshed trade seems to agree with you too.

Val = Temu pharma...

I think the main aim of the 'faithful' is to keep the board closer to their agenda in order to attract fresh sheep to be sheared.

I suspect you hit a nerve with your now-removed post Porky. First one here in about five days and the balanced devotees have it taken down. Shame really, but it does suggest you may be right on the money there. Or lack of money, so to speak.

The alternative is that they stay quiet and get accused of 'not doing anything.'