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These guys seem to be on the ball and would expect to know the status of the CTN by the end of this month, it's getting a tad exciting!!!!!!
We could get a shed load of updates in quick succession, Q2 is looking good on all fronts!
I would like to think that following on from this that Masterman is banned from being a director in any company for life. Rarely have I seen a company that borrowed so much and achieve so little, he certainly make blackrock look poor, and that takes some doing! Sad for all shareholders but lesson learnt, onwards and upwards.
There is still space for 737 in the market, and we still have 1801 and 1802 with potential. OK, it’s taking time and there have been obstacles beyond the BOD’s control. Just hoping we see progress on all fronts during H1 this year.
Sierra did acknowledge in their quarterly reports that SRA 737 might have greater earning potential further down the line but they decided to advance MOMO as it was nearer commercial status. Here is one of their quarterly extracts;
Because we have limited financial and managerial resources, we focus our research and development efforts on our product candidate, momelotinib. As a result, we may advertently or inadvertently forgo or delay pursuit of opportunities with other product candidates, including SRA737, that later prove to have greater commercial potential.
I still believe that this is true GLA
Leggster, I concur! The Bod won't sit on news they will be eager to tell shareholders good news, they might frame bad news slightly differently but they will have to tell us at some point. I think/hope we will hear something this month, they will have had a reasonable amount of time to follow up on all fronts.
GLA
This has proven to be a very hard and expensive lesson, sadly it is the shareholders that have lost the most, excluding Masterman, who deserves to be locked up!
Tony, just look back over the years and count up the 10's of millions of pounds that have poured into Cyan, will they ever get that back, when will they start to make a profit, and when will shareholders be rewarded?
The only people making money out of Cyan are the market traders and JC!
CB, LTI, how many times over the years have we seen such fund raising to strengthen the balance sheet and to provide working capital. If Cyan were making a reasonable profit on all units installed they would not need to raise again and again.
There is and always has been a lack of clarity and JC is still a crook IMHO LTH'ers still need £1 to get back to break even but that has long since been forgotten.
I have no doubt that this is the end, and for those that are hopeful for a few crumbs, don’t worry, there will be nothing for shareholders.
I’m bitterly disappointed by Masterman and his antics over many years, like many others I suppose. Good money gone and very big lessons learnt!
One thing is for certain, the BOD would not settle for a low ball offer for a lifetimes work, and with 3 molecules which have massive potential. I too believe that they have had discussions regarding potential offers but they cannot disclose such things until a firm offer is made.
The AGM will be a formality, nothing new there. They will try to answer as much as they can about things under their control, this should give us some answers.