Member Info for Uncanny

Any mention of CLX or assume all good as that is the crown jewel now imho.

Thanks PJ, well done mate and particularly liked:

“201 is at the fore front here and TheoremRx he hopes to be concluded soon with talks to maintain exclusivity but will put a clock on them”

This is a good summary from Base 7 on the other site….

Unfortunately I am unable to attend this evening but if I was I would ask

1)What is our cash position & do we have a runway until next year or is a raise imminent

2)What is the status with our legacy "assets,201,301,401 & confirm once & for all that TheoremX is dead - or show me the money

3)Are Ambrose expected to extend their agreement re 401 & will any funds be incoming

4)Is there any potential to monetise ( ie bring in partners) any of our collaborations which could result in cash flowing into Val

5)Will our new Board take ruthless steps to reduce monthly overheads by eliminating roles currently performed by Mark Trehern or Kumar - neither of whom seem to have very much indeed while drawing substantial salaries for many years.Gerry is trickier to replace as his firm provides bookeeping & accounts services apart from secretarial & Gerry as CFO-but ideally he would be replaced by someone much younger , dynamic & with industry knowledge.Gerry has remained in situ throughout the debcle of recent years

6) When does the Board anticipate our Lab breaking even

7)In the event of a raise being required will it be supported by The Board, by which I mean a substantial investment inferring confidence in their plan moving forward,rather than a token gesture,as with all previous raises.

Good luck all & hope that this evening goes better than expected, by many quarters.

PM, thought he was just a keyboard warrior and too afraid to appear in person and look at the white in another’s eyes at such an event?

The 2 x 333,333 is probably a sale and then buyback in an ISA.

Sadly not but would love to hear what you and others gleam please.

Pj, are you going to the presentation mate?

Whilst we don’t know the financials which l am sure we will be be in picture soon enough, they are making good progress.

Hoping for updates on 401, TRX and anything on CLX et al today - can they confidentially say 201 is still on?

That’s not a post with your thoughts and ideas or analysis, it’s a copy and paste of todays RNS! LOL

Everything has changes, lol…. have you seen the share price!

Anyway, you never post anything meaningful, just throw sarcasm at posters.

Have you anything meaningful and constructive to post about VAL or its IP or cash position or strategy?

Nope Laura, nothing changed as we still don’t know the cash position but trying to remain upbeat for Mark tomorrow. As said l’m hoping for some light at the end of the tunnel, some optimism and a new fresh strategy, cutting out dead wood, cost reductions and full evaluation of the IP concentrating on commercialisation and early exit strategy on some products such as CLX and an update in the lab progress.

Maybe, but a few more buyers and this should turn a little ahead of the meet tomorrow IMHO…. We might be pleasantly surprised for a change!

A bit of speculative buying?

I have reduced Laura, yes.

PM, even taking that on board they are still seriously cash depleted unless they can pull a rabbit out of the hat!?

Sorry, l forgot to say that they will need more headroom than £1mn to be prudent so probably a 9 - 12 month runway

PM. do the maths….

Raised £1.8mn Dec 23

If burning £200k a month it’s ran out, £175k pm this month and £150k pm Dec.

VAL have l believe have not received any more meaningful monies.

If they are gambling on commercial success in 6-12 months they will need circa a minimum of £1mn IMHO so at the usual 40% discount to todays price would be circa 0.9p per share unless this is already in the bag when we were at the 2p’ish level.

All IMHO, NAI, DYOR

PM, we don’t have 6 months of cash sadly.

Pm, it’s 1.6 p for goodness sake and we still haven’t had news of any placing!

Wow, what price will the placing be at now?!

Laura, that’s the total value ValiSeek can receive over a 5 years period, not an upfront payment. Also that is paid to ValiSeek not VAL so this would be 45% discounted from memory.