Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Good post Iceman888 but two caveats if I may:
1. I think Hokkaido is destined for this month, so just a few working days left.
2. TheoremX : it appears that we are prepared to wait and wait and wait. I suspect we are not looking elsewhere so I wonder what the Board might know that keeps it so seemingly patient. . . .
From the Announcement 2/11/2021:
'The LOI details a period of exclusivity during which TheoremRx will complete its due diligence on the scientific and commercial attributes of VAL201, during which ValiRx is restricted from continuing to market the programme to other parties. '
Are we marketing VAL 201 programme to other parties ? Presumably the 'exclusivity period" is over.
I cannot see reference to how much? Any clues?
Wonderful news.
How much is the upfront payment I wonder?
Iceman you omitted TRx . Have you given up on that materialising 11months in?
I have to say how hard can it be for an enthusiastic would be licensee to raise £2m!
Why doesn't VAL severe the prospect. . . .
Just how long is VAL prepared to wait for TRX? How many more extensions might Suzy countenance?
I hold LT but this long finger is embarrassing. If one was TRX why would one do anything but accept the slack. Thought we were top of its portfolio agenda.
PS have we been paid anything at all ? Thought a monthly fee had been agreed.
Back to my metaphor of waiting fora hot date....really Suzy: another extension?
If T are serious agree a non refundable option for a further extension ie require a sizeable non refundable payment and if the next date (make it short) passes without tying things up wave goodbye and obviously keep the payment.
This all seems amateur hour to me.
Sorry
Feel like I am waiting at a bus stop for a hot date to arrive. She is late but has texted me twice to say 'dont worry I am on my way'. Cannot help feeling that I am wasting my time but hope is keeps me rooted.
Please Suzy, are we paused here in hope at this time (half way through June)?
Ironmighty : the Deal will ultimately succeed or fail: made me laugh. Thank you.
Bottom line imv an eager pursuer would not drag it on this long unless it knew it could. I would have favoured no second extension. So by end of June please Suzy; or walk away from it especially in light of the dicta that it was the lead item in T's pipeline.
Anything on how the intended sale is going? £1m or so in sales last year with market expanding and stella endorsements (imv). Surely, a selling price N of £10million or is it a fire/ asset stripping sale?
BTW Jag what is happening in China viz H&N? Stock cleared yet?