Full steam ahead2 Jan 2021 10:03
I think we will see an RNS this week in relation to the Brazil trial data. The BOD have stated early January and if the news is positive they will be keen to get it out there and strike while the irons hot.
If the PR is right, the Tiziana company name will be well out there in the mainstream media both sides of the pond and the SP will be hard to suppress. I can see it going north of £2 and we may even see a return to that mad summer Friday when it went out of control and maybe challenge £3.
The move to the main market on 21st January will be well timed, encourage further buying from more risk adverse investors and should help stabilise the SP without the volatility that we see on the AIM.
Hopefully the transition to the main market will knock the US automatic bots out of sync for a while!
If the Brazil data is good, I’m expecting a raise will be required which Gabrielle confirmed if the SP is at a decent level. The last raise of £57 million has the company fully cashed for the next couple of years but this is excluding positive Brazil trial data which will then mean further trials and development need accelerating.
The company would have to go down this route and remain pro active although we may see a tie up with a larger pharmaceutical company or even a takeover approach.
AIMO. If the Brazil data is average, time to hunker down for a few weeks/months hold tight and forget about the SP for a while! So much other potential in the pipeline if this shot doesn’t work, exciting times ahead. Happy new year.