Member Info for Skeletor

Thanks Hepseal

Isn’t £35k rev a month £420k per annum? Accounts show that in FY2020 we took £640k…. Yet the narrative is that we are hugely growing “up 300% since December”. So what am I missing?

Not sure why I can't see it here....

https://infrastructure.planninginspectorate.gov.uk/projects/Wales/

Any idea where I could find it so I can track on Wales national planning somewhere?

This got tweeted yesterday….

https://twitter.com/blencoweres/status/1407971942532067330?s=21

I would have thought that:

A) this is positive an s exciting news that should have moved the sp along…

B) this is material enough to o merit an RNS

Such small revenues. £200k per annum. How many of these would we need before you can even start dreaming of making a decent positive ebitda? Am I missing something?

I think 5% RNS to confirm P3, 40% RNS to clear up speculation and confirm still on P2 but progressing nicely and 55% no RNS.

Either way sp will be considerably bigger than now in 6 months time.

Whether it was a genuine mistake or accidental release of sensitive information I think the market is less sure of P3 now than it was at 4.25 this afternoon and this will be reflected in the sp tomorrow (above the 153 pre video but quite a bit below the 178 close).

Obviously the one thing that will change this is a 7am RNS confirming P3 but I would argue there was no need for an after hours retraction if we were going to announce pre 8am tomo. More likely will be an RNS “clarifying speculation on social media” which will state we are on P2 but hope for news shortly and that shareholders will be updated as soon as possible blah blah blah”. This would put us back in the late 150s early 160s.

Either way the end game remains the same so unless you need to sell it doesn’t hugely matter if we open at 155 or 195 tomorrow as most of us are here for 750-900 this coming winter. In fact you might argue that whilst a paper profit is reassuring the price being in the 150s gives more opportunity to top up in advance of P3 read out.

For full transparency i top sliced about 10% of my holding at 180 earlier and if that is the last time we see sub 200 I will be happy as I have left most my skin in the game but if we see 150 or in later weeks sub 150 I will take the opportunity to buy back my 10% giving me an extra 500 shares or so.

GLA

Casaspinos - if I borrow £100k from a bank to 100% buy a car from a dealership and offer the car to the bank as collateral then fail to keep up payments to the bank meaning the bank take my car off me to sell
Second hand in order to recoup some of their losses in what way does this effect the dealership I originally bought the car off? I think SAE is, like the dealership, unaffected by this.

The share price is low not because anything is fundamentally wrong with the business but because everyone is anticipating the market being flooded with shares for a while and therefore going cheaper still. If this happened it would be temporary and we would soon see double digits after even without significant news.

You are reporting that they are likely to sell to institutional investors which is a huge positive as it avoids the pain of being drip fed onto the open market (unless the IIs chooses to sell but even then it would be a premium to if they had been dumped).

Personally I love an opportunity to pick up assets below market value and not because their is something inferior with the asset but because there is a distressed seller. This is like buying repossession flats for a property portfolio in my opinion and one day it will seem crazy that we ever were able to buy them this cheap.

Happy to hear an alternative view.

How do we get it for non professional use? I.e. to replace the innova 2 a week for every person?

There has been no progress.

RNS end.

Thanks Matml. Appreciate the answer on this.

Not so much to Lima and Mimillasa. If you didn’t know the answer to my question or didn’t want to share it then there is no need to reply at all.

@Matml - is there somewhere which shows which other countries are yet to approve or was India the last one?

Thanks again

Hi. A little out of date question but I keep wondering why we have not been dosing India since p3 started in Jan?

As I understood it P3 involves 600 patients across 20 countries... in my naivety I thought all 20 countries would run concurrently. So when we dosed our first patient in the UK I assumed that give or take a week we would be doing the same in the other 19 countries. Am I right about this? If so was India not on the list of 20 countries? Is it a side trial? Is it replacing some of our quota in other countries where cases are so low we have been unable to recruit?

On a side note and again in my naivety I imagined just 30 patients per country (20 X 30 = 600). Is this too simplistic? Feels like we should easily have found our quota if that is the case... I am worried that in high vaccine countries we are going to find it increasingly hard to find patients suitable for trial whereas back in Feb we literally had our pick of 1000s.

Any help from those more informed would be appreciated.

Why are they just starting to dose in India. P3 started in Dec2020. Should have started everywhere then or around then.

Yes. But unfortunately in a world where you are a long term holder if you are in a share for a month a the idea of 12 months for a multi bag seems a lifetime away this could hit the sp.

I would be up for a 1-1 placing by the company to raise funds to buy back his shares at a discount. Or at least to buy 18% leaving 29% to be sold and avoid a mandatory bid....

Except it’s not at low 4s yet... 4.5 to buy. I would be tempted at 4.3.

This time I will put a post It on my computer reminding me to sell in the medium/high 5s! Or at least top slice.

I don’t think we’ve finished dosing as based on previous trials we RNS the end of dosing. If I’m right it does feel like “beginning of summer” is in doubt as a phase 3 read out timeline.

Nice to actually hear from them though.

Op update reasonable as suggests they are going to crack on with monetising Napster which is why I’m here (not for VR)

Partnership- have no thoughts except it can only be positive or neutral as it doesn’t cost us anything and may increase reach but my scepticism says it will me marginal.

Loan update is unbelievable given the outcry at the original deal. To have ignored this outcry and extended it seems borderline corrupt. The only solace is the language by Nice and Green where they infer that they want to be shareholders.... if so then fine but to have an institution sitting on such cheap shares is precarious for normal PIs.

In summary if we can deliver a relaunch of Napster that takes even a fraction of market share then I doubt the loan agreement will ever figure again on this chat board but for now I am little horrified that we have extended that deal....

Sturdz- very plausible as I’ll admit I was doing exactly that- holding on until JORC with the plan to derisk by selling a third or so of my holding at anything over 9 or 10p (if had started rising I would have got greedy I suspect). As it was it began to drop so I settled for selling 15% at around 8p but got NT. by the time I could trade I found the price had gone so low it was no longer a sell and actually hovered over the buy button a few times this afternoon!

As you say - there were probably plenty of PIs like me with the same transparent plan. Anyone selling now either has a desperate need for cash or a knife incredible alternative... this is fantastic value at anything sub 10p and even though I would sell a portion at circa 10p that would be me rebalancing rather than exiting.

GLA