Sicilian Khan post from Telegram group17 Jan 2024 14:23
When asked if he had gone cold on Angle.
"I am definitely less positive than I was 20 months ago. But that is with good reason. Then we had just got FDA approval, we expected many contracts and an Abbott deal, CLIA lab approval, ovarian coming on stream, prostate results by end of last year etc none of which have happened. None. I am positive that Angle will get there eventually, but some of the talk here in recent days has been way too over the top. Overegging the £200k contract and the claim of “breakthrough” news. People talking with little hesitation at all about exceeding the revenue expectations this year or breaking even in September. That sort of talk is pie in the sky on what we know at present, which is a company slashing costs due to a lack of progress and funding concerns - choosing to shut down its US labs rather than raising a small amount in the grand scheme of things to keep them open. Don’t get me wrong - Eisai is great and that could turn into something really big, just not this year and funding concerns will rear first. Can they get a formal collaboration agreement with Illumina? That could be transformative but they don’t have one at present and would have announced it if they did - like they did with Abbott. Again that could be big but is likely to be exploratory and need trials just like the rns said. Again could be massive but is not yet."