Member Info for Soupdragon78

No yesterday but one this afternoon filter. Still seen action on ask bith days.

Thanks Mulder, remind us again why you posted under other names?

Everything has an endgame B009, just not sure what it is yet.

Good points older.

With the silence I get the feeling an end game is in play.

Jiving, thanks for discussing and appreciate where you're coming from.

For your info, see RNS from 12 Nov - NXP004 patent application filing

Anne talks about the '...Data that we have generated on these new co-crystal forms in the past six months has shown improvements over the marketed form that justifies filing this new application. '

Looking at the list of trades from the 7th Feb through the rise to 1.6p is interesting with very few big buys.

Jiving, you mention this 'excitement' in February, but the testing results for 004 were in November aligning with the patent filing. Why would they materialise 4 months later?

Older, I guess the question is what differentiates the first 004 patent from the second one submitted in November.

The company seemed very specific that the second patent was very important, so wondering whats covered in the second that wasn't covered in the first. Therefore, do we have to wait for the second?

Problem is that the ‘buzz’ was killed by DT’s shenanigans in China, DG resigning (or being pushed), AC not declaring he sold after the Times leak and CPI reducing, DT reducing, AC reducing, Higgins reducing…. And no large buyer replacing any.

We should be higher on 002 being at pee-clinical alone.
Not much will be ascribed to 004 at present since it’s only at patent stage and the oncology side isn’t even through searches yet, so will be June/July next year before that can be confirmed.

Agree SSM, 004 is still too early.
The supposed rumours on the February spike don't hold true, especially given the larger trades on those days were sells and the fact that volume has dropped off a cliff since. If it was leaked that it was a spectacular new break through we would see more background buying rather than 1 trade in a whole morning.

All about 002 at the mo imho.

If you think you know, then you think you know....

Don't know if they 'work together' as such, but they have been both involved in the same before.

IMM from Dec 2021
https://www.immupharma.co.uk/wp-content/uploads/2021/12/IMM-RNS-Alora-Avion-Lanstead-Funding-Agreement-20-Dec-2021-FINAL-VERSION-copy.pdf

Someone currently pushing the Ask down to 0.87 whilst the MM's are at 0.95 and above.

Agree jiving, it may just be coincidence. As I say I haven't experience of DMA so just trying to understand from what I can see on screen.
Its just interesting how NFX never had a single DMA trade until 1st Feb, when they swapped broker.

I don't know filter, I don't have much experience of it so trying to figure out from what I can see.

Typically what seems to happen is that the MM's all come on board in the morning, say at 0.85 bid and 0.95 ask. So if you try and buy you will get quoted something like 0.94 or thereabouts.

Then we see an unnamed party come onto the ask below the MM's at 0.92. So if you then try and buy you will be quoted below this figure, say 0.91.

Often if this is not taken up, that party will disappear then come back lower 0.91 and so on, pushing it lower and lower whilst the MM's stay at the same original level.

When these unnamed parties trades are closed up they show as 'A' trades and the price shown on screen here shifts, so often if it goes through at say 0.91 the quoted shareprice will drop to show that level, even though the MM's haven't budged.

This all lowers the VWAP.

Since the 1st Feb there has been 40.8m shares traded as 'A' trades.

Interesting point jiving.

A couple of things interest me re. Lanstead.

Riddell has done this sort of funding subscription before, when he was at Feedback then with Stanford providing the funds. Interesting that NFX never had any Direct Market trades until the 1st Feb when Stanford were appointed broker. Since then the price has essentially been controlled by DMA participants lowering the ask below MM's levels.
These trades between the MM's bid/ask act to lower the daily VWAP which is the benchmark for the qunatity of funding received and also how much it costs Lanstead.

On Lanstead, it doesn't look like they've sold any into the market. In theory they would have sold 5.5m per month, so since there has been at least 3 months of settlements they would have notified the market of crossing thresholds. This is something they have done elsewhere so the fact they've not declared a reduction leads me to thinks they've not sold any.

In the meantime, it seems to be a very clever way to manipulate the VWAP downwards. Todays being 0.87p.

Direct market access has been continually pushing the ask lower, with MM's still on 0.95p and above.

Given NFX income is based against a 2p VWAP and the 20 day average is 0.91p they are getting less and less.

Lets hope they have other irons in the fire.

Take advantage and buy some more then.

As Riddell said about NXP004 'there is still much to do...'

Its all about 002 first.

Taz, you say it’s frustrating and there is nothing you can do about it.

I would disagree… if your are frustrated and unhappy there is something you can do.

Most basic fact for Mulder to answer, why did you post under another name?
Answer that and you’ll get your answers.