RE: Time for change18 Jun 2023 04:47
Absolutely incredible, we should all be heeding the words of an individual who not only divested their significant share holdings but currently possesses a mere token amount around £150 worth of shares.
Just to clarify, Valirx has sufficient cash reserves until at least mid/late 2024, as verified in the Cenkos broker report recently. Anticipated significant revenue generation by the year's end will further extend their financial stability. With this timeline in mind, there is ample time for the completion of the 201 deal or CLX by late 2024, should it come to fruition. It's important to note that Valirx requested 20 million in cash, not 40 million. Market conditions on AIM should improve resulting in some decent uplift in SP at some stage and we should receive lots more news in the coming months.
Fantastic life changing entry point here with a hold for 1/2 years. GL, DYOR.
Valirx has progressed since 2021 as they now have CLX worth over 20 million, 201 LOI likely to complete as confirmed by BOD, 401, lab, Imagen Therapeutics and 301 likely to enter SPV soon. Somehow all that is not worth 3 million pounds to me.