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I didn't see this? Reported by MarketWatch... where did MTPH mention anything about "material uncertainty"...?! Cash on hand seems pretty healthy

By Ian Walker

Midatech Pharma PLC said Wednesday that it will need extra financing during the first quarter of next year, which casts a "material uncertainty" on the company's ability to continue as a going concern.

The drug-delivery technology company--which is listed in the U.K. and U.S.--said that it is currently looking into a number of near-term funding options including a fundraising and a partnership for its assets and technologies.

Midatech had cash and cash equivalents of 6.4 million pounds ($7.4 million) at June 30.

The company made the disclosure as it reported a slightly narrowed net loss for the half year ended June 30 of GBP3.1 million compared with a loss of GBP3.2 million for the same period a year earlier.

Revenue for the period rose to GBP468,000 from GBP401,000.

could be... seems odd to have had that sudden 2m+ trading blitz in the US and now nothing! Certainly something going on in the background.

Up 40%

...

....

so frustrating... decent numbers considering, like you say, just needs meat on the bones! Someone with over 200k holdings got impatient it seems...

with the USD at huge lows ($1.15/£) 13p is only 74.75! This should move quickly if the USA anticipates news - possible next week with their CSO heading to ESMO. GLA

$1.20/£ - that refers to the current exchange rate - looking at it another way, take the UK SP, multiply by 5 then add 20%...

1/5 less exchange rate - 13.5p x 5 x 1.20 = 0.80c

Must be on the cards. US trading in early 0.80’s yesterday, buzz starting to build around next update. Remember at $1.20/£ MTPH should be trading at 13.5p equivalent

But US sitting on 0.79 daily at close - approximately 13.5p equivalent. Should rise into news, especially whilst the £ is weak against $

Note also their recent LinkedIn post boasting about their new facilities;

“The modern and functional space is a great place to work and has certainly played a key part in the advances to our #MTX110 and #QSphera technologies in the last 12 months.”

Hint, hint??

No news for a while now…

We should be out of 10p territory soon!

The stock exchange that is - **** up with the SP on that 10.40 trade, nearly had a heart attack!

Way, way oversold. Fully loaded here, waiting for fireworks. Would be nice to reach upper teens as a platform first though

Any thoughts?

Could see 11p on the close - trending 0.80c+ in USA

Now = to 13p in US…

Creeping up there - = to around 12p here

Wow, thanks for that analysis… if you were an investor you would know there has only just been a change at the top. Nice try though