Member Info for Soupdragon78

Bobat, you can also say there's been lots of 5, 6 and 7m sells in the past week as well. This is just how markets work, people will buy and sell at their own prerogative.

Maybe try not to analyse others trades and focus on why you are invested and whether you think it will be worth more or less at some point in the future.

About £4m

Yes, thats the 3rd option FX.

1 - raise enough for a year

2 - raise enough to do phase 1

3 - sign an option or outlicensing deal to cover the cost.

Nothing else on the table imho. (other than shut up shop.)

Thanks Jiving, the key for me is that they can say they are a going concern when they report in December. How they achieve that is up to them.

Thanks Jiving, fair points. Personally I don't see them raising just enough for a few months, the reason being that they have to report the full years results to 30 Sept with any post results placing. They will have to raise enough for a full year otherwise they will not be able to report being a going concern and it could be lights out, imho thats why the prospectus flags up the shortfall raise or the raise to fully fund phase 1 by themselves.

Personally I don't believe they have the option to raise only for a short period.

Good post Jiving, but unfortunately reality doesn't reflect such an approach, NFX are in a corner so any placing would be heavily discounted.

Take the last placing, raising 210k. The prevailing sp was around 0.14p at the time, but the placing price was 0.07p, so a 50% discount. On top of that are all the admin fees etc, so that 210k only brought in 30k to further develop NXP002.

The company has said they will have a shortfall of £360k in October, so working backward from that it would likely need a raise of circa £500k to get this (assuming brokers fees are same). Depending on what price they got I reckon this would be an issue of circa 300m shares.

Apps, they got £100k for nxp001 so not a good example.

Welcome back transhaven, it was fun to see my £100k investment nearing break even (for me thats 0.41p), the past few days have been like having premier league salary.

Lots of traders likely to be spooked, such a rise cannot last too long without any announcement to back it up.

Because big trades are always buys Trombone... thems the rules. Nobody would ever sell in such size, its not allowed by the bulletin board prefects.

Shareprices tend not to go down when there's lots of buys.

NXP001 outlicensing was in September 2021 when the company mcap was circa 10m.

Its not relevant to these days anyway.

Likelyhood of a placing now is greater than not.

If you're meaning NXP001, it was outlicensed for about £100k

Dandy, I think someone is accumulating.

The size of trades reported so far wouldn’t normally cause today’s move, so there must be something bigger in the background.

Luckily NFX is main market.

Given the preclinical status of NXP002, I'm expecting/anticipating them to be looking at signing an option deal with someone to cover the cost of patient studies, so circa £40m, then milestone upon licensing after that point.

Well this is fun!

Watched it and it’s hardly technical, he literally says he has no reason for his judgement.

Lol! A video of a man saying, I think it might go to 0.38 but I don't know why!

At the end of the day, you’ve got to be in it to win it.

Going to be a day of reckoning for traders today, do they have the balls to hold on and stand by their statements, or will they take flight before the weekend?