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This can be turned around BUT Mark has to be less intransigent .

1/ change the BOD ,get porky ,Adam and Adrian onto the BOD as they all have commercial nous .ME has ousted anyone with flair as it strengthens his position .

2/ stop paying 80k salary to anyone who cannot generate revenue /work part time. ( maybe Suzy still having input ? )Put shareholders before mates.

3/ Raise enough funds so we can invest in 201/cytolix. Currently all funds raised are being spent on inflated salaries.

Mark seems to be lost and totally dependent on raises . Its not a good look. Shocked Mark cant generate any revenue for the lab.

If mark doesnt start to listen and do the above he will lose all his money here . Its a shambles.

I believe Mark cares but when i see hes still paying extortionate salaries i think he isnt in the real world . What a shame as hes invested so much money and has 4 months to deliver or could lose the lot . Hope not !

This can be turned around BUT Mark has to be less intransigent .

1/ change the BOD ,get porky ,Adam and Adrian onto the BOD as they all have commercial nous .ME has ousted anyone with flair as it strengthens his position .

2/ stop paying 80k salary to anyone who cannot generate revenue /work part time. ( maybe Suzy still having input ? )Put shareholders before mates.

3/ Raise enough funds so we can invest in 201/cytolix. Currently all funds raised are being spent on inflated salaries.

Mark seems to be lost and totally dependent on raises . Its not a good look. Shocked Mark cant generate any revenue for the lab.

If mark doesnt start to listen and do the above he will lose all his money here . Its a shambles.

I believe Mark cares but when i see hes still paying extortionate salaries i think he isnt in the real world . What a shame as hes invested so much money and has 4 months to deliver or could lose the lot . Hope not !

Even though Mark hasnt got a grip on costs and has failed to get the lab to break even ,i think this rallies to 0.23p/0.25p as every dog has its day.

Worth a small punt here at 0.16p/0.17p. Mkt cap too small now .

Figures out so i thought i would comment.

How the hell ME can justify oaying 80k salaries to support staff who no way treat this job as more than a part time job beggars belief

Mark E you need to put shareholders before mates . Stop paying double wages. None of you have delivered a thjng . This is a lifestyle bus

I’m bored with this share .

Nothing to add so will take a break and see if ME has delivered anything in a few weeks.

Hope so ! Have a great summer all and you Mark E too x

No not Mark buying another 3k worth of Val stock !’ That was laughable ! Wonder if our BDM advised on that ?!! lol

We need more than 1m as that just pays wages for a few months . We need much more money so we can invest £250k in some uni SPV . They want to see a decent balance sheet and a monetary commitment .

We also need to cut wages as I just some believe it’s full time jobs for many employees . There just isn’t that much to do .

So I’m looking to an end to c 100k salaries (ie 70-100k ) unless that person is generating revenue . Change is needed .

With Valirx shares crashing ,ME might realise he needs his employees to star delivering . I’m sure as his net wealth disintegrates he will be ensuring his staff deliver or I’m sure he will be slashing some salaries as the market is waking up to the fact that the cost base is still far too high compared to the revenues that are being generated .

It’s a big 6 months for Mark Ecclestone as the market won’t tolerate any more dilution . It’s now or never for ME. CEO has to be accountable and if he doesn’t deliver before the next fund raise his position will be untenable imho . That’s why I think he has to cut costs further as too many part timers getting paid too much . Shareholders have had enough . Time to deliver on some of the promises .

Yes agreed porky . I’ve told Mark to cut salaries of anyone who isn’t delivering any revenue or prospects of some .

I’ve also told him to raise more than 6 months money . Bite the bullet and raise enough for 2 years plus for investment .

Raising every 6 months only guarantees one thing …huge dilution and salaries for Mark and his team.

I’m trying to help ME turn this around . Let’s see if he listens but paying a salary of 85k costs us 110k post NI ,pensions etc.

Put shareholders first . However close you are to an employee you have a duty of care to shareholders .

Exactly what I’ve been saying.

ME can work out that if a few high earners took stock in lieu of salary they could make a fortune.

But i dont believe Mark believes in the business .

If he did he wouldnt be paying 110k to a personal bag carrying secretary .

ME will continue to draw a big salary while promising the world and breaking those promises .

This will get ramped but yet agein it’s a sell on any spike as this co will never ever make a profit . It survives on continual fund raisings.

How many shares now in issue ?

Yup they only raised enough for 6 months salaries !

Could’ve raised more but throwing dice on grants .

Now a professional way to run a business .

Should’ve raised £3m but ME would rather pay 100k salaries !! Shame he’s not an experienced CEO ! Raise ,rinse .repeat. As long as salaries are paid no one cares except shareholders !!

Placees will ramp this on Twitter when they think the time is right .

So this will get to 0.25p /0.3p

At last we have an asset !!

ME now needs to sort out a salary or two and this can rally to 0.3p.

Costs us 110k to pay ME secretary . Take action and things will look much better brighter .

I’ve gone from a sell to a strong hold . This will be a sell in 3 months BUT ME has a bit of time to deliver .

Positive : ME has invested a lot of money and for that I duly respect him .

Negatives: he still refuses to cut the 90k salary of a non producing non BOD member . Crazy intransigence .

He promised a 201 deal with Theoremx ..never delivered .

He promised a profitable lab by now . Never delivered .

Let’s see if he delivers anything soon !

Hi Ray,

Unbelievable confidence by Mark on this podcast.

This is in stark contrast to a crashing share price (70p to 0.19p) during his time in senior management at Valirx.

Hi Pater

Good news that ME is buying

Good news is the placees will ramp so anyone buying will probably make 25pct to 50pct once the Twitter gang puff.

Bad news ,ME refuses to cut BDM salary from 90k to 45k cos it’s his best mate . Hes putting mates before shareholders . Shambles .

Enjoy the long weekend.

COYG

Xxxx

I will lose all respect for CB is he raises within 2 weeks of his pump Sunday roast . I really don’t like anyone ramping just before a raise .

Let’s see what happens .

10 bagger from my 2.6p.

Buy a lot depends on who we partner and how much we have to give away in dilution .

25p minimum but probably a lot more but probably

Won’t be in then .

V v high risk obviously .

Gets a lot right BUT when he’s wrong he’s wrong by 1000pct . So he misses the multi baggers like Kinovo .

So he may get 7/10 right but if he’s wrong here he will be wrong by many 1000s pct .

I don’t care if there is another raise . I bought at 2.6p so I’m delighted .

Colin B owns 20pct so he won’t want to dilute by much and he normally stands his corner .

He’s aligned with us . What more can we want ?

I think this is an easy 10

Bagger and maybe much more .

Although I would add ,it’s good to see ME still buying stock. No one can criticise him on that front .

I just wish he would pay the right salaries as that’s what lets him down . He knows all too well that it’s very wrong how much he pays our BDM. Insane really .