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You've lost me 01234 - the man who talks in riddles!

True, I only commentate once in a while on VRCI these days. But where are those results 01234?

"Cash runway into 2026". Yes, but what then Donny? By all means think that they'll have partnerships and sales such that they won't need to raise again, but I disagree. I reckon there will be more dilution, not right now but sooner than you think. When they say "cash runway into 2026", you can be sure it'll be done and dusted by the end of calendar 2025.

How many pre-profitable biotechs have come good? I can't think of any offhand and I've been in a few! Yes, you can make money if you're good and lucky at trading in and out of these stocks, but long term? Nah, the odds are stacked against.

I also wonder what's the extent of the upside if it does come good? Does anybody really think that any of these biotechs will 10 or 20-bag? Does that really happen in the UK? If the tech was a dead cert, don't you think it would've been snapped up by some US or other big pharma by now? A 50% or even 100% premium would likely bag them the entire company for peanuts. There are examples of big multi-baggers I mean Novacyt more than 50-bagged in short order, but with very good reason: a massive spike in sales due to covid which suddenly produced enormous amounts of cold hard cash. That won't be happening here, obvs.

Anyway, good luck Donny, I know you've loyally stood firm. P.S. I've also got skin in the game, not that it's worth much nowadays. We all want the best out of this. Suggest I'm being more realistic though.

I listen to that podcast too. Every week. Keeps you up to date.

Ah, some movement in the share price at last!! Sadly, it's down......

More raises to come here. Not Barrington's fault. Nature of the beast.

Ah, Dartron, you know them? Birds of a feather? I'm sure not! If anyone makes money out of this most special of special situations, good luck to them. For me, the shirt's already gone, but I remain fascinated to see exactly where this all ends up and how Schroders goes about explaining it away.

I can't imagine we're that far from the end game here.

Bit of a nasty drop these last few days. Sentiment-wise, what with the Enquiry Results being delayed giving people more time to lodge their claims, it seems that CBG is back in the doghouse again...

I've taken the opportunity to top-up.

How funny, they won't let me use that word. I rephrase: "in an environment where growth is anaemic".

sp**** = sp****

"rachel reeves? taxation?".

yes. commentary that she might reign in the tax advantages accruing to aim stocks. personally, i don't think she'd be so stupid in an environment where growth is sp****, in which case there may be some selective aim bargains to be had in the weeks leading up to 30/10/24.

also, likely forward selling of stocks in general to lock in gains in advance of a likely hike in cgt rates.

Funny that people think the current middle east situation is affecting POLX's share price. Nothing to do with pre-profitable, cash-burn, does the tech have commercial traction?, etc etc. then? Talk about confirmation bias!

For me, the current damper (and this is affecting all of AIM) is the Rachel Reeves factor. We'll know more at the end of the month at budget time.

Have to also mention that the Placing and Results RNSs both came out after trading hours, yet the share price dropped all day today. Leaky, Leaky! I shouldn't be surprised...

Interesting that there was almost no discount between the placing price and the prevailing sp. Also interesting that the sp has quickly fallen to well below the placing price, indicating that the market doesn't really believe it! The fact that there was no Retail Offer to the Placing may be a blessing. I'm not feeling deprived.

We got there. Remarkable the endless propensity of this trust to fall. Next stop "In the 8's".

On the other side of the ledger, I've noticed a couple of investors recently upping their holdings. Distressed PE investors I imagine. The vultures! They probably know what they're doing. Unlike myself when I originally bought into this POS. Anyway, certainly not selling down here - I'm hanging in for the fun times.

Could be, but isn't.

Results out. Using a trick straight out of the dodgy management playbook, they've released said Results well after trading hours... a quick skim read and one can understand why! The valuations are all over the place...

And a nasty little drop towards the end of trading suggests someone indulged in a bit of leaking...

The very brave would buy today, the day before suspension. The slightly less brave will wait for the publication of the Accounts and lifting of suspension. The rest will conclude that sooner or later this is destined for zero. Which camp am I in? Mostly the third, although I will watch and read the accounts when they're out. Deffo not in the first!

Predictably, a drop at open.

AIM will be under general weakness until we know what may (or may not) happen at the end of October.

Yes, that's probably it LondonMarket, a few gamblers punting on a tiny market cap illiquid stock. They clearly got it wrong, at least on this occasion. But it occurs to me that this sort of illiquidity could give us the odd dramatic spike up on good news, which may provide an opportunity to finally exit this stock. A few months ago I was presented with such a 'get out of jail free' card when Renalytix, another illiquid biotech, spiked up. I live in hope here.

"Maybe its only people who are able to lie to themselves who manage to create businesses". Certainly those able to sell a good story, whether they entirely believe it or not, that's a requirement. Problem is so few back it up with performance... esp on AIM, lol!

Thankfully not, to answer my own question. Half year results released today are encouraging!