Member Info for roses

Ruck, I don't think there is a single poster on here that has 'a reluctance to acknowledge' that.

In fact I think everyone here has openly acknowledged that fact.

The main point is how it's raised, how often it's raised and how it's spent that makes all the difference.

shirley - it's so they can use the full allotment authority before the AGM, and then will ask for more authority at the AGM

He also posts on here and advfn

Valju, it would be, with different management.

The company has pretty much secured this fundings approval, as to block it would incur very heavy penalties.

The only option you have left is to change the BOD, but you would have to do it quickly before too many more shares are issued.

Valju - I honestly believe that the main reason they opted for this style of destructive funding was to negate any threat from the Valirx share holder action group (VALSHAG) as the loan company will vote with the company on any share holder votes and in a month or so it will be too late for your group to keep up with the rate of dilution.

Noise, they are using that figure to max out the amount of shares that they had authority for before the AGM.

then at the AGM they will ask for a new authority to raise even more.

iceman - have you ever taken out a loan for a bank where they want and hope the value of your house goes down, so they can profit off of it ?

No, I didn't think so.

year1970 - I have been posting on VAL for alot longer than any other share, and longer than 99.9% of all the other posters on there and has no reflection of this company or board whatsoever.

Uncanny - they are not an 'institutional investor' they are not even an 'investor' they are a loan shark

Valirx has used them 3 times before with disastrous results and consequences.

iceman - you said

"Why would they get all this funding if the investors thought this company was going to fail? These investors are insiders and they will have FACTS that we don't!

I hold this stock and buying more! Do your homework and goodluck! "

I would say you are the one who needs to do their homework.

This new 'Investor ' gets a very very big payout if the price falls, it is in their interest foe the price to fall.

just google 'death spiral loans' and it will explain all for you.

year1970 - not all companies are like VAL, I really feel for you over there today.

iceman - I suggest you check the share price performance during the last 3 times Valirx used this type of funding before you put any more money in just yet !

taverham - the BOD's shares are worth only a very, very small fraction of their salary, so all is good for them.

I think their shares are only worth about 1 weeks worth of their wages.

The worst thing about theses death spirals is that our new 'investor ' gets rewarded if the shareprice goes up, BUT they get even more of a reward if the price goes down !

Valirx is pleased to announce that all current shareholders are now up the creek.

We have seen this death spiral multiple times with valirx with ya global etc. And each time it was accompanied with a cratering shareprice as they forward sold each tranch and a ballooning amount of shares in issue.

Further more
The directors of the Company have sufficient authority to issue shares and rights to subscribe for shares in relation to the subscription, but will be required to receive authority at a forthcoming shareholders meeting to enable the Convertible Funds, including the attached Warrants, to be implemented.

“Should this not have occurred by 21 June 2019, it will prevent the Company from being able to sign the definitive documentation relating to the Convertible Funds, and as such the Break Fee will crystallise.”

In layman’s terms that means shareholders have to agree to it or we will go bust. And secondly, to all the pledgers out there who gave their name to valju - your votes are now worthless and will count for nothing as you will be out voted by our new “investor” at every twist and turn.

Welcome back to the old days of valirx

Lol, journalism at its finest. Mind you he sounds dodgy as heck. Would you lend him 100k if he answered your questions in the manner he did.

On saying that, if you did give it to him back then, then you would be down about 75% now.

The video from today’s release says that dosing for val 201 wont start until October ???

Also that that they haven’t decided on a form or format for the 401 deal and that they havnt finalised or decided on any partners yet ?

Somewhat confusing and at odds with what we have been told previously ?

Wildforce - agree 100%. Knowlesi is purposely trying to keep the arguments going and as usual twisting facts “USA trial is not happening” when we all know it is due to happen although there are delays due to one of our partners.

Good news today, it would have shot a lot higher if the city financial fiasco had been sorted already. From what I can tell, it was the main thing holding it back today, but with things progressing they should be out of the way soon.

Well if you call a post consolidation share price of 22p and then up to 75p and now sitting at 0.5p 'progression' then good luck !

Uncanny - The company did not 'choose' to consolidate either the first time or the second time. It was a legal requirement, either consolidate or go bust.

The nominal value of the shares are 0.1p and the company cannot raise funds if the share price is at that level or lower.

If the share price approaches that level (yet again) then the company will once again have to consolidate or go bust.

The company lied to us as for the reasons for the last consolidation, it really is just as simple as that.