Member Info for Vanilla

If they don't want to end up in court need an agreement within the next 4wks. Friday 21st could be an interesting day.

That would be fantastic news but I'm not so sure it is imminent. Money was required for additional building works to create the necessary patient facilities and UHB have a list of tasks to complete. Whether all of this is continuing at pace without long term funding set up is unclear. When the BoD gave a timescale of H2 2023 for 1st patient treatment from past experience we'll be fortunate if it happens in December and that's without the difficulties created by not having sufficient funds in place.

My hope is we get news of a satisfactory funding arrangement by end of this month with an operational update to detail progress from the last update but would not be surprised to hear of slippages. Having said that just the funding would stabilise the sp which has turned into a bigger risk than the unbelievably complex task of reaching 230MeV.

24th July as far as I'm aware. Latest update below have no idea what they mean but inspite of most cases being settled this is going to the wire.

Thursday, June 22, 2023

256 notice Notice - Other Thu 06/22 3:15 PM

NOTICE of /Defendant's Notice Pursuant to 35 U.S.C. § 282 by Maxwell Technologies, Inc. (Morrison, Susan)

The selling by OAM won't be helping matters....just what we needed. A reassuring update would be welcome or even news that funding has been satisfactorily concluded with time pressing on need to hurry up.

Good luck with your holding you must have a great average. I've got way too much in these at a much much higher price and starting to hope for a miracle.

Everything has been said about the wonderful technology & huge potential seemingly close to ruin due to the dire financial situation. Considering mr serandour's background is in finance he seems to have been caught out like an ordinary mug. I know world events have been difficult and the response to achieving 230MeV the complete opposite of what they must have been expecting but there seems no contingency was in place. Hopefully someone comes to the rescue and credit to the board members who have continued with financial support but I'm starting to wonder about the value of the leadership steering the ship into this mess.

Yep I follow that I was just interested in the decision to convert now as the maturity date is February 2025. I suppose receiving around 3m shares instead of £150k cash is quite an easy one to make with £2.75m still outstanding. The thing is if I believed a positive outcome regarding funding would boost the sp I'd convert the remaining loan and would be sat with 65m shares. At just 10p a share that's £6.5m over 100% return. Alternatively if it all fails the shares will be worthless, not sure about loan notes in a worst case scenario. Probably difficult to read into what these early conversions could mean and we're just going to have to wait until the communication arrives but all these warrants and loan notes are not helping the sp.

Is it possible that some of the US patients have cancer types that would be receptive to dox and therefore quite likely to see efficacy but also great news about earlier cohorts extended treatment without disease progression as we already know the poor prognosis they had.

absolutely jt and it's all to do with aim a failing market where despicable individuals like tw can play their games, raising funds on the back of progress is like burning money and long term investments can be destroyed by what appears to be manipulation. i'm sure this will succeed and when it does if it still lives in this ****hole i and many others will head for the exit door never to return.

Any thoughts on why the conversions kenj. I can only assume that whilst they can opt to have the loan repaid in cash obtaining all these shares will be more profitable assuming a satisfactory deal is secured. I'm sure they have a better insight in to what is going on than PI's so I'm hopeful this is a positive sign rather than just profiteering from what looks like a slight oversight from the BoD in setting up this arrangement.

Https://cerncourier.com/a/cerns-impact-on-medical-technology/

Probably a better article to get an appreciation of their involvement in proton therapy with both avo and ugo amaldi being mentioned. There will be many interested parties wanting this to succeed.

Who knows but it all seems a bit of a mess at present. If you read the attached article and see the numbers involved and the contribution that cern are hoping to achieve in medical imaging amongst other things it seems inconceivable that this breakthrough technology with Light will not be commercialised. Just need the avo BoD to manage the solution to the benefit of lth otherwise all these years and over 250m of investment will be snapped up for a pittance.

https://www.forbes.com/sites/alexknapp/2012/07/05/how-much-does-it-cost-to-find-a-higgs-boson/

But they end up with more shares as the conversion fee to compensate for the low sp is paid in shares so effectively it's the same as converting at whatever the sp is for example in this case around 4.5p so no 800% gain. If they converted all the 2.9m loan at that price it would result in nearly 65m shares being issued. That in itself is a ridiculous outcome for the size of loan unless I've misunderstood. That's why I don't see them being able to sell them all so can only assume what they have currently converted will provide the value they are looking to achieve. If the sp gets above 25p they will start to see a profit on the remaining cln's.

Thanks for the clarification MP. Whilst these conversions provide avo a small amount of funds they're having to compensate with a substantial amount of shares. Not sure how I read this arrangement but having loaned just under 3m they're now paying 25p to convert to each share and are basically receiving a bucket load of shares in compensation. I don't think they'll be able to off load all the shares if the price remains this low. Hopefully they see value in what they have converted to date based on a soon to be announced deal.

Morning and don't thing it is anything untoward and just issued as per the 12th Dec rns below. As IWTO has pointed out though it seems they didn't require a EGM which was clarified in the latest rns. Don't know who the lender is as you say.

Nice to get a summary of all outstanding warrants/shares hopefully it is because a proposed deal is going to be announced soon.

Under the terms of the Subscription, warrants to subscribe for 12,000,000 new Ordinary Shares will also be issued to the subscriber of the Subscription Shares by 15 June 2023 (the "Warrant Issue Date") with an exercise price of 25 pence per share, exercisable until 15 December 2027 (subject to the Company being granted the relevant share authorities at an Extraordinary General Meeting to be scheduled in the first half of 2023)

My mistake just reread the rns and the warrants have only been issued. No exercise has taken place therefore no receipt of £3m. Some funds are going to have to come from somewhere soon though!

Sounds like a very supportive investor handing over £3m for warrants when could of waited until Dec 27. Otherwise maybe outstanding warrants are going to be wiped out under any forthcoming deal so holding shares is a preferred choice. The option of trying to buy £3m worth of shares in the open market at around the current sp of 4p is probably not possible. I would say this is positive news if it is as appears a £3m purchase of 12m warrants 4.5yrs before they expire.

I think there will be a few joining you open with good riddance to AIM

Some big trades compared to the recent past has to be a positive that so much interest here now. A serious investor from one of my other holdings has even surprisingly turned up here...myles mcnulty. He's produced some very good research in other shares so probably a good sign to have that level of interest here. No guarantee it will boost the sp and those who have been here years know only to well that we need the sales for that to happen. Starting to get the feeling though that a court case win/settlement could result in some wild opportunistic movements with lots of new arrivals turning up.

Because hindsight is a wonderful thing I often ask myself why I didn't sell at 14p like the Newlands and buy back at 1.3p. Always thought 20p was achievable but have no idea where this will end up now after the latest raise resulting in 716m shares in issue other than believing that if they can win some of that huge market share/pipeline and win the court case I should make a decent profit.

with a headline $9.6b market by 2027 just 1% of this is 96m. don't know what that current market size is but based on this figure i'd guess it's quite substantial and just highlights how poor the cpx sales team are. hopefully the new ceo will give jeff and the team a big kick up the **** and show them how to close deals something they have been incapable of to date. everything seems to be in place to succeed just need proper leadership which might just have arrived.