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One is well thank you me old. I prefer crème brûlée over Cherry compote. One would say, light at the end of the tunnel? Been an extraordinary long wait, as you are well aware. You hitting that 8 iron further than 120 yards yet?
Clarence, once again how are you old chap? Very balanced post, and the way I look at it, is everyone is now locked and loaded, of course you are going to get some drift but that’s the delights of day traders and low volume. Lock and load for tomorrow? We all now the famous Friday saying old boy
Clarence old boy, how the devil? Would advise not to reply to the burk, his motives have been clear for the last 2 years after he sold out, lost all in 4D and wants to drive this into the ground in some sort of bizarre resulting action, weird.
Focus on the key, factual points made by Iron Mighty earlier (taking the opportunity to repost around all this garbage being spouted by bacon boy and his crew of disciples)
As derampers don't like this post and delete it, I am happy to repost it. :)
It's been a bit of a confusing old time, so here are the events of the last few weeks.
A group of shareholders wrote to Valirx with a set of questions. Valirx replied in the form of a ultra-bullish recorded Q&A. There was lots of info in that Q&A, but let's stick to VAL201/TheoremRX as it is the most pressing.
Suzy: “We are expecting significant updates from them before year end “
Suzy: “We have every indication we that we will be able to put out a substantial update before the end of the year”
A few days later, the empty TheoremRX website created in 2020 was finally updated with content. Just a landing page, but not for no reason.
Following that, a press release is issued stating TheoremRX plan to merge with EUDA Health, a Nasdaq listed co.
https://www.morningstar.com/news/globe-newswire/8944265/euda-health-holdings-limited-enters-into-letter-of-intent-for-proposed-merger-with-theoremrx-inc
CEO of EUDA: “We believe TheoremRx has strong access to capital and a robust pipeline of compounds.."
A statement is made that the prospectus is available online. A detailed search reveals the TMT Acquisition Corp SPAC, underwritten by Maxim Group. Maxim Group also happened to be the sole book-running manager for 8i (EUDA). TMT Acquisition prospectus also happens to contain clauses that excludes China from their business dealings (VAL removed China from the TheoremrX exclusivity earlier this year). TMT Acquisition also happens to be funded by several EUDA funders. TMT also happens to have funds of between $60m and $70m.
The merger has a 30 - 45 day window (not too many days left now). A week ago, the EUDA website is then taken offline.
IMO there is too much here for all this to be nothing.
Thanks for dropping in ratcliffe with zero interest, how about you pop back on SCLP. This is what i have never understood about other biopharm shares, if SCLP or SAR (for example) shared some outstanding news to the market, i would be like fair play. But when VAL are close to accomplishing something ''transformational'' for the company moving forward, they all come out of the woodwork shooting it down?!! Odd
Hi, someone keeps saying that funds can’t be raised and will take ages to do so and even longer to list a company, and none of this can be done before a merger can be completed, what twaddle that is
well, just to confirm from an independent source that the funds were raised in March and put into trust as part of the SPAC IPO, prospectus conditions and the company was listed,
The prospectus from March is also available for you again, or just search this forum for the link to it.
Enjoy the reading https://www.iposcoop.com/ipo/tmt-acquisition/ note here it excludes China and in June China was removed from the THX deal.
confirmation of listing https://finance.yahoo.com/news/tmt-acquisition-corp-announces-separate-173500033.html
https://www.spacresearch.com/symbol/TMTCU
and the initial 60m held in trust as per the conditions of the prospectus, if not in trust then please link us to the money
please DYOR research before investing, and more importantly please don't take investment advice from people on open forums
Great work there Andy, hadnt actually seen these links before, all coming together quite nicely.
Also agree with the last comment DYOR and don’t listen to the distressed ramblings of the naysayers on this open forum. Wouldn’t want to be out of this over the weekend :) hahahaha
great post iron, love you have stuck to facts rather than the deramping narrative that porky and his merry men have come in with. all we need is cobalt and then we have a full house of ****s
fact is, when trx and euda merge, link to the merge here https://www.globenewswire.com/news-release/2023/10/05/2755433/0/en/euda-health-holdings-limited-enters-into-letter-of-intent-for-proposed-merger-with-theoremrx-inc.html will be transformational for valirx. thx deal $61mn with royalties, inflection point bonuses, monthly service agreement, $2.2mn upfront and $37mn per other indications added. loi for exclusivity of proper merger between euda and trx october 4th, november 4th when the 30 day exclusivity period ends, not long now, or maybe enough dd has been done it will get over the line quicker?
this will drag the mcap up from the ridiculous low level it is at present! and a bit of optimism here, when 201 is done, think about the amount of doors it will open? trx fancy first dibs on 301,401 or the current novel clx tnbc?
see the amount of green ribbons for filtered posters is multiplying currently, they on triple rate for weekends?
Clarence dear boy, how art thou? Filtered that chap that shall not be named ages ago. One minute he / she was ramping, next de ramping, very bizarre, obvious agenda there. Think most investors who look at a share do their own research anyway. After so long seems to be some positive news to look forward to, TRx/ euda merge, 30 days as of 4th October, to finalise negotiations, maybe all the dd done before hand could settle before then? US $2.2 mill = current exchange rate £1.8 mill, then as quoted from the RNS Signs Letter of Intent to Sub-License VAL201, 02/11/21 ‘Subject to successful market authorisation, the potential value of the deal would be in excess of US$61M plus royalties for the first cancer indication alone. Each oncology indication successfully developed to by TheoremRx will generate up to $37.5M of additional value to ValiRx’ Would also love to see what ‘Cathy is cooking’ with all these 3/4 again quoted from a recent rns ‘With an ambition to secure 3-4 new evaluation projects every year, we have been focussing substantial effort on identifying and qualifying further assets that meet our criteria to build a diversified preclinical project pipeline’ would certainly set the cat amongst said pigeons!
Good post Wallcrawler, point 3. Invite Hargreaves onto the board is a no brainer, the mans a genius and will help increase the SP, win win. Come on Suze, take note of this massive opportunity . P.S this is of course if he wants this responsibility :)
Great appointment, still sure Takeda are the little sods with 301, with Dr Catherine ("Cathy") Tralau-Stewart links with previous director alliances with Takeda, could be a perfect appointment :)
TDK, get back in the telegram group :)
Mer, I have been here for a long time and can remember when you used to be positive around Valirx. Understand you may have been burnt previously, like us all, but i like the risk vs reward ratio Valirx currently resides in. After Adams excellent post, probably the most recommended post on this BB in all honesty, we see ourselves trying to get the best out of the current situation. I, like many are down on my investment currently, but with optimism see a good plan ahead. We just need this long overdue 201 TRx news and will be seen in a different light. Totally different strategy to that of the gruesome twosome mentioned FYI. ATB whatever your current investment strategy is.
I agree with OB here porky, good set of extensive questions being posed. Watch out for the brigade of unsettled posters this week, actually think they have arrived already, obviously have ulterior motives and you can see right through them! All eyes on VAL this week, come on suze let’s get some news out that we have been waiting for. ATB :)