Member Info for Stakis

Bobust - what did you ask him?

I like many other PI want to know
1) which II voted against the resolution
2) why they voted against the resolution
3) given the answer to 2), why CH disagrees with the concerns of this II

Think there's a bit of a time warp going on with this board!!!

Bermuda ignore my last post - found reference to it.

So, who knows what the reasons are for such a quick conversion? I felt negatively about this at first but on reflection my best guess is that Vulpes are using this as to acquire further shares in the open offer at 13p and see this as an opportunity to maximise capital growth - a positive move then?

Bermuda - not saying you're wrong but I can't see anywhere detailing what the rate of interest is on the £1m CLN's that Vulpes had. Where did you get this from? I note that Redmile also took £5m of CLN's at the same time - presume these are also interest free? (NB Redmiles subsequent CLN's are earning them 3%).

I think you'll get the majority of what you ask for - just my opinion of course - could be spectacularly wrong - as I often am!!!!!!!!

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Scratching my head there C7. Why would you buy at 14.5p when you can buy at 13p?

And to answer your question I think it will be oversubscribed but only just and not a massive scaling back.

Am I right in thinking that todays fall is primarily due to the admission of the OO shares on to AIM?

Dare I say it - a dilution?

Yes I will take up my allocation (given the relatively small numbers I think everyone will) and I will apply for extras although nowhere near as many as last time.

Interesting view Ivy.

My logic was simply that I suspect so many PI's subscribed last time and then topped up again after getting a much reduced allocation, that they may not have the cash or incentive to fork out more.

Of course, a lot will and as I say I think it will be oversubscribed but the allocation will be a fair bit higher than 14% / 21% or whatever.

Afama - forgot to mention albeit no doubt you're fully aware already, you can apply for extra share too. The last OO was heavily subscribed with many including myself only getting 14% of what they asked for. Use that as a yardstick if you want - I think this OO will be oversubscribed too but perhaps not as much with applicants getting a higher allocation. Just my opinion of course - be interested in hearing what others think?

Afama - there is a broad range of opinion on this board from very bullish to very cautious. I'm somewhere in the middle - we have £48m of cash, seemingly very good science but for whatever reason (and we don't know the full story, despite all the speculation on here) we have been unable to get a commercial deal. It used to be "jam tomorrow" with this share, now its "probably more jam but you'll have to wait a bit longer". ATB

Come on C7!

Nothing yet Douve - Im expecting to see some notification from my broker tomorrow.

C7 don't forget the expenses of the placing / OO and given the necessary speed / resources required for the Covid work, cash burn for that particular project will be high.

I do get your overall point though and whilst £48m in the bank is a lot - how long will this last?

I'm still trying to take all this in and to be honest not sure what to think - on the one hand Redmile obviously have confidence in what they have seen to date / prospects for the company and £48m in the bank will go a long way. However I can't help feel that others such as CRUK have effectively lost confidence (they have there own funding issues and have had to prioritise the projects they are involved in - not feeling Scancell has sufficient potential [yet anyway] suggests to me they still see this as a bigger risk than they are comfortable with). Having said all that, I will of course take up my additional shares and apply for some excess shares although I don't feel as bullish as last time - don't know yet how many extras I'll ask for but it definitely won't be as many as last time.

Anyway (sorry rambled on a bit there) the point of my post was if Redmile now own 25% of Scancell, when the CLN's are exercised surely they will exceed 30% and trigger a full takeover?

Ah thanks Chester - just a quiet day then!

either that or its an exceptionally quiet day!

Just checking as the last post I can see on here is 11.49. Looks like some may have gone awol?

Not sure what you're getting at AB - we are all in this together and all have the same objective - I have nothing but best wishes for all shareholders.

Wildforce I'm in the same position as you - got quite a low average so any buy now just increases that. See tempting when we see a dip like today. Lets see what tomorrow brings.