RE: Strong position1 Dec 2023 12:37
Douve, as chief moaner , I totally agree and empathise with everything you have stated. Scancell has been run as a research facility for years and years...not as an agressive bio start up producing excellent results. Past management has been a total failure in getting deals . With luck, the new appointments may be the change needed.
Yes, I feel empathy for all cancer patients and like everyone on this board I have lost friends and close family to cancer. That said, I've invested in a company not a charity. We have all talked about pivitol years....well next year really is boom or bust . I guess the comfort is that the current and new investors in the placement see a greater potential for a boom rather than a bust.
I won't take up my placement shares...simply don't have the cash to be honest . I really hope we have new investors like Redmile and Vulps or we will end up with an overhang depressing the SP if they sell into any rise. Hoping 11p is now the floor but not expecting any significant SP rise untill something gets sold .
Almost a billion shares in issue now...so my target of 50p = a bid of arounnd 500million, quite a premium ...about 5x our market capital....its possible I hope !