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Please, will some kind person explain the following?
We appear to be 'under the cosh' of persistent selling, and quite large share volumes, 8 million-plus on Friday, are being dealt in.
If NFX really is good as the majority of LSE posters think it is why is the share price falling by day?
It is often stated here that sellers who are unloading large blocks of shares are idiots.
If I had bought a line of shares at around 2.00p I most certainly would be taking some serious profits particularly so since the management of the business appears, so far at least, to have been unable to collect the Chinese debt that is now past due.
Also other than a lot of optimistic talk about possible future deals, there does not appear to be that much happening, that is of course outside the laboratory.
The possibility has to be faced that despite hopes having been raised it may take a few years for the business to properly come into its own, and even then, products and processes are continually advancing and a competitor may come up with something that is better in some way (the Chinese?)
Invention and subsequent progress is the story of the world, in fact NFX is a prime example of this, having taken old tried and tested patent-free drugs, NFX through the application of brilliant science has seemingly extended their curative applications.
As matters stand the whole situation still appears to be a punt, this will probably continue to be the case until there is a proper announcement of a deal, one where we will get paid all the monies we are owed, that is from the getgo until the end of the agreement.
I apolgise if this post upsets the considerable 'Dan fan-club', it is most certainly not my intention to do so, on the contrary, whilst Mr Gooding is in charge he has my total support, after all we do have a common interest.
Rather my intention is to try and understand why it is that we are in a period of non-stop selling when the share price should be somewhat higher.
Is there some factor that is unknown to us - or what?
I am a shareholder.
Having thought about the latest announcement there is a lot of positive stuff in there and we should not be overly gloomy.
That we have not as yet been paid by the Chinese is infuriating.
If the technology has now been transferred to the Chinese then what?
Talk of a bigger overall deal sounds like a clever Chinese move.
But hang on a moment.
Why do we not tell them that if they want to begin to talk about a bigger deal they first need to pay their debts?
I am concerned as to whether we are really tough enough as negotiators.
Goupplease,
Maybe you are right, fingers crossed.
But your 'one day' could easily be in the back half of next year.
Concerning the Chinese payment. When I put the situation to my Beijing trained doctor, the answer was, 'I am Chinese, what do you expect me to say?'
It is because of this alleged non-payment that there remains a continuing nagging doubt concerning the management.
Aim4Utopia
Agree with you, most interesting to hear Dan talking about his career and so on.
This AI thing is most interesting and it would be good to hear more.
The thing that was most interesting is that they are going to start doing patient trials, this will take some time and it probably explains the present share price.
All in all, it was most heartening to hear the passion Dan has for what he is doing, and this is so necessary when you are trying to grow a venture such as this.
If the share price gets much lower I intend to keep on buying.
I have been somewhat sceptical of Dan, now having listened to him talking about himself and the business I am more reassured and somewhat heartened.
Jay12,
When I say before the w/e, this is because the political situation is so volatile that it could tear markets apart.
Lots of people realise that no one ever went bust taking a profit and that Christmas needs to be paid for.
Jay12,
Thank you for your kind response.
What if?
Presumably, we are similar in as much as we have our own 'hard-earned' money invested in this share and it is at the moment a bit of a concern.
It would appear that we have not yet been paid the money we are owed by the Chinese.
What is the explanation for this situation that has been dragging on for months now?
If we are not going to get paid perhaps it is time for NFX to fess-up.
We are all grown-up people and let's handle it.
Let's face it, Jay, if the stock has a heavy fall then I for one will top-up and doubtless, you will do the same.
Whilst many on this site are bought -in, it doesn't necessarily follow that this precludes disbelief.
A 6.7% fall in the sp may be short term traders altering their positions before the w/e, even so, where were the buyers?
GLA.
Manabouttown,
Forgive me, please.
I am having difficulty in understanding that the Board has experience in bringing home 100% of the bacon.
Best as I know it the Board has as yet been unable to secure payment of the outstanding monies from the Chinese.
Please, Sir, I have a decent amount of money invested in this share, I am not currently impressed by Dan, currently everyone's local hero, that is of course until he can put together a cast-iron deal with people who pay 100%. That the Directors of the business have 'skin in the game' seems to mean little at this stage. It is all a question of the efficaciousness of the products.
Rob1967,
I do so hope that you are right.
but what I am still unsure about is the strength of the medical breakthrough.
Not being a doctor but an investor, I begin to wonder as to why the present share price is so incredibly low.
As investors, we have to be realistic.
What I do not understand is why the Chinese seem not to have fully paid up.
Another aspect is the sudden silence of Dan who was really getting'out there'.
Hopefully, I am wrong, even so, I was taught some fifty years that hope is for the Church.
GLA.
Having come from Dan doing interviews here and there, we now appear to have entered an era of corporate silence.
For real, is anything of substance actually taking place?
What if Nuformix has hit a wall and is presently unable to find anyone who wishes to take up the Nuformix products under license?
When will we be told?
Just wondering.
DaveW58
Probably best not to get too excited by Alzheimer's being mentioned.
Alzheimer's comes about through the failure of an internal link.
This broken link needs to be found and repaired.
A really good Chinese acupuncturist, the sort of practitioner they have working in the Beijing Military Hospital, should be able to stop the progression of this horrible disease but not cure it - yet!
Andyagogo
It is all very well having an 8.8% yield, but with the shares falling 7.04%, today alone, they still do not as yet seem to be that great a buy.
If they close below a quid tomorrow it is hard to know where the bottom is so as to jump in again - perhaps.