RE: Conference9 Mar 2021 20:23
Markku isn't a salesman , he's a scientist , and a Finnish one at that - so he is dry and scientific , but also very passionate - this is his lifes work pretty much , and he has always let the science and the data come before the sales pitch . He knows that the science will bring huge rewards so long as they steer it correctly , and make sure that the research is geared towards the right goals .
So far , they have garnered enough funding to get them to a 10 cohort P2 cancer trial , and a US sponsored P3 trial , all whilst maintaining 100% ownership , and without diluting the shareholders to oblivion .
Placings may occur in the future , I had one last night with ARGO for £26 million , and they have cash coming out of their ears , but if it adds long term value to the share , then its justifiable . Faron are savvy enough to see an opportunity if a further placing will get them to a better place - so its up to them , you have to have faith in their management .
Whether we will see some deals , tie ups with other companies on certain cancer trials , I really don't know . I think we probably will in Q2 . They have been analysing the P2 data , and need to prove it up to satisfy potential partners . Markku has said this himself . So once that data is published , we may start getting into the money making dept .
The beauty of this company is that they have 10 cohorts - 10 different cancer types . Plus the soluble clever1 suppression , and the fact that it has the potential to be combined with other therapies . Plus Traumakine - which looks to be gaining traction as a multi purpose trauma therapy , as well as being a prime treatment for ARDS , and a general antiviral therapy .
Heamatokine could also be a dark horse , as they are actively looking to partner up with regenerative medicine players in the space .
Hollman Labs are making new discoveries about Clever 1 , and I expect Faron are also making new discoveries from all this P2 data they have coming in .
Markku has plenty of skin in the game , as do the directors and BOD . It's in his interest to get the SP high .
The data will get them and us there . For a small Finnish Biotech , they are getting very close to establishing themselves as a major player . They have established great relationships with top notch institutions , particularly in the States . Manufacturing , Patents , etc , its all in place .
We've been given the jam tomorrow story a few times , and I suppose we are all free to sell up and move on , but Faron have always passed the smell test for me , all their actions have been totally justifiable , and I believe they will deliver .