Member Info for ratcliffewriter

No problem RP - I'm wondering who paid 0.50 for a few shares worth about 25 percent less from the start, but I suppose 400 quid pays for the week's teabags and digestives.

Probably about 450 quid...

Slight typo there - should read blatantly UNTRUE and misleading!

UXM - differences of opinion are generally understandable, but to say in your post 'All lies' is blatantly true and misleading, and as usual does nothing to bolster your credibility. Two of the things you say in that post are particularly inaccurate -

'Great decision making. Derisking assets with partnership deals. Which other biotech has so much spending less than 2 million.' - They are looking for deals (or claim to be anyway) but nothing so far has contributed anything to even cover the outgoings, let alone provide money for further work or expansion (hence the redundancies etc)

Secondly -

'With warrants at a premium to the current price hopefully no more dilutions' - warrants don't kick in and generate cash the moment the sp goes above them as you and the others in your group seem to imply. In the unlikely event of the sp rising above that point and remaining so, it just might be worth warrant holders exercising them so they could buy shares at below the then-current price, but to sell them they'd need to be able to be sure the sp was strong enough to withstand the effect of the sells. You know that, so stop trying to imply that the mere existence of warrants is a long-term fool proof source of near or long term capital.

Then again, if this company was fool proof you wouldn't be here I imagine.

Whatever it is you're smoking UXM, it's powerful stuff.

You swine Nomlungu. You've rumbled me.

UXM - cutting and pasting the same post repeatedly is not convincing, but to humour you I had a listen to the link you have monotonously posted. It's not persuasive or convincing - Starts off about the 'objectives we have set' and 'milestones we're looking to achieve.' Then there's a bit about the group structure - this is rearranging the deck chairs on the Titanic isn't it? They've had more rearrangements over the decades, it's just a distraction now - meetings are the practical alternative to work.

The we hear 'The objective is...' and 'If suitable...' So nothing at all certain.

Then he says BC201 and Val301 have 'not been spun out yet, but would benefit from all of the development work undertaken on Val201.'

So BC201 and Val301 still of no interest (except maybe on Antiques Roadshow) and if Val201 had even a glimmer of potential it would have done something since it was quietly shelved - was that 6 years ago or 8? It's been stagnant for so long, the rest of the industry has moved on.

The he says 'There is strong interest in endometriosis treatments.' True. There's strong interest in a lot of things, but stating a fact doesn't tie it to VAL.

'We have two new evaluations under consideration.' And...? I’ve got a lot of things under consideration, but whether they get any further is often very uncertain.

'The vision is...' - A lot of people have visions, but a vision isn't even a plan. It's a nice idea at best.

'Our strategy is to do this based on identifying the highest quality assets we can find and afford.' That's like saying 'come round to my place for a meal' and when you get there you say 'There’s a tin of Pedigree Chum between the four of us - it was the highest quality I could find on the available budget.'

The he's going to have a system which 'allows us to prioritise selection of assets.' How early stage is all this? And no money to do it with..

Next we see ‘The Team’ but no mention of their salaries.

Then a review of last year - no mention of the placings. Talk of last year's cost savings and redundancies - but if you are cutting 200k a year and laying people off, what were you wasting the money on in the first place? Or have you sold your food to pay the heating bill?

Then he says 'Our runway through 2026' - sorry - that 'runway' stops in a couple of months without a placing. The 2026 Xmas do is potentially in the Job Centre unless money comes in very soon.

Time is money. They seem dangerously short of both. Again.

Looks like the string of hope-raising RNSs ahead of the next placing is starting even earlier than anticipated. Stand by for more fluffy announcements that 'could generate up to x billion pounds in five years subject to funding, institutional investment etc etc.'

This will run in tandem with lots of pumping posts with 'if', 'could', 'might' and 'maybe' as a framework.

A lot will depend on the quality of platform.

Looks like you're not the only one taking the profit while they can Viera.

It's a bit ambitious calling 201 an 'asset' isn't it? But assuming a new patent is granted on it, do you imagine it will be tried on more than 11 patients over five years or so? And will it be in an accredited west European establishment, or once more in some backwater ex-communist clinic?

Really it might be better trying to rename it and pass it off as new stuff from the old bin-dipping exercise, because the ghost of 201 from before is going to be far more of a hinderance than an 'asset.'

'At the moment no risk of any placing' - Well it is a whole 30 working days since the last one, so even in 'Val World' another one would be a little surprising at this point. But I imagine discussions for the next one will be starting around the end of February if not sooner.

Maybe not date-perfect with the timing, but he's correctly predicted a raise will take place unlike some here who trumpet about multi million pound deals or funding being 'imminent', and then vanish for a few weeks after the raise, wait till the dust settles and then churn out the same stuff again and again. Surely some of the phrases trotted out must be near copyright expiry by now...

Good posts Porky - the warrant prices are being pushed as a sort of trigger which will automatically generate cash the moment the share price passes a set threshold, and nothing could be further from the truth. The cash burn and rate at which the last placing will be used up is being ignored - if it's in an RNS (like the cash burn and amount raised are) then it has to be taken at face value. Your prediction for the next raise holds water (as have all your previous forecasts!) and none of the fan club acknowledge the time it will take actually to make all the arrangements to get a placing under way. ME won't just ring up a broker on a Monday morning and say 'we need a placing tomorrow.'

I imagine we can expect the fluff and bluster RNS trail to start in late February to push things up, but looking at today's price movement it'll need some effort.

Simple mathematics - divide the amount raised by the amount per month needed to run the company gives you the length of time the funds will last. Then taken off that the time necessary to organise a raise, and spring at best is the result. Any talk of deals is just hope, not fact. And if the best hope is that 201 getting a revised patent is going to have big pharma knocking at the door with open cheque books, then they might as well stay up on Christmas Eve and ask Santa to join the board because he really will turn up cos he's really real.

I wonder if your prediction will be as accurate as your September one on RENX when, at a peak of 11.5p you forecast it will be at 15p within a week. Since that peak it has declined steadily and is now almost 50 percent down from your post. Maybe your crystal balls are in need of a clean, or maybe you're just desperate to sucker a few newbies in, although anyone that can't see through you is most likely in company with a labrador and a white stick.

Personal abuse doesn't become you. Makes you seem like a Temu Misterpositive, if you remember his persistent ramping and sudden disappearance.

What has he missed out on? A consolidation or a placing? Or maybe a selection of both.

Anyway, it says a lot to have Valirx pop up on Zak Mir, a man whose tips have resulted in many a punter not making a fortune. Worth noting that not only is Val again bottom of the list, but it's even 2 places behind UKOG. I suspect someone has made a quick call of 'do us a favour Zak, give it a plug to get it fluffed up so I can get out with a couple of quid.....'

They were forever plagued by promises of imminent 'great things' but kept diluting and using the proceeds just to keep afloat, with a share price graph like a downhill ski slope. Sounds familiar...?

Nomlungu - I don't know if you followed Inspirit Energy? The CEO there kept throwing more and more of his own money into it, ended up with about 30 percent. Then it went under. There's a balance between buying in because of underlying confidence and buying in because it's the only way to top up a placing to keep the lights on. And don't forget, he's getting a refund every month by way of a salary, which is more than the common or garden shareholders do.