RE: RNS Grant Of Otions (Jeez)6 Jul 2022 22:51
Hi Palladin - I came out of the meeting feeling extremely positive.
I was, like most people, extremely disappointed by the Sprinter results, but after the initial shock decided to take a more pragmatic view rather than demanding heads on pikes like some people did. However, I didnt travel over 100 miles to get fobbed off by flannel. We put forward some very direct, probing and difficult questions (many of which were thanks to members on here) and none were dodged and all answers seemed genuine. Not all members of the board were amazingly eloquent, but this was largely the ones with "backroom" roles rather than customer-facing roles.
Commercialisation was talked about, both in terms of likelihood and timelines and it was clear that this is their primary objective - however it will take time. Someone asked directly whether this would take place within the next 12 months and Simon Shaw (if memory serves) stated "highly unlikely". Realistic rather than the answer we wanted to hear.
I guess my positivity was mostly cemented by the chats with Sir Stephen Holgate, Richard Marsden and Dr. Bruce Campbell after the meeting. The main point I took away is that these guys are extremely passionate about the product and its usefulness and need on the world stage. They say they are working "at haste" - hopefully they are...we have no way of knowing for certain - but one thing was clear: they're not going to rush this for a quick buck. They know they need to build a formidable, robust case for SNG001 to maximimise it's commercial value. They were all very calm and the belief in the product shone through. Dr. Bruce Campbell particularly cited an example of a similar process he'd been involved with previously at another pharma where trial results and market caps were up and down like a yoyo and there was a calm "I've been doing this for years...SNG001 will come good" air in his comments.
So, that's my take, my personal view, based on my assessment of what I saw. I'd love to hear the views of other attendees - you may well get a totally different viewpoint. As I said, I'm probably more on the pragmatic end of the scale, but I was closely watching HOW they answered the questions as well as the content of the answers and it all seemed genuine to me, hence me leaving feeling very positive.
DYOR & GLA!