Developments are Developing17 May 2020 15:25
Thankfully, there are astute, intelligent, and extremely knowledgeable posters on this BB. Who mercifully do not get sucked into the ‘Herd/mob/pack mentality’? This means they are not influenced by their peers to adopt certain thinking/behaviours on a largely emotional, rather than rational basis. Throughout my posts I have always tried to maintain that posters should be entitled to their own views and personally try not to be critical of these or engage in debate, despite how unscrupulous they may appear to be. Though, recently I have noticed that some posts (without justification/evidence as to their validity) could be interpreted as verging on being dishonest or even immoral, I believe with the intention to influence others to get what they want.
I acknowledge that company communication has been sparse but if you do your research, as many on this BB do. You will realise that business is progressing and I agree with GreggsStottie (sorry to hear you’ve cashed out of TRX, but hey ho!) re: hey ho Fri 18:12hrs ‘We should hear about the ebers payment in the next 2 weeks, then onwards and upwards to the Kissei deal in June July hopefully.... ‘
For those who fully assimilated my post: re: Developments are Developing. 11th May 2020 12:01, (especially 2nd (of 3)) they will probably have put 2 and 2 together and got 4, realising that Dan & Co have achieved another milestone, as required by the: - ‘Ebers’ agreement (RNS Tue, 9th Apr 2019 07:00 No 5048V, Nuformix PLC – Strategic Cannabinoid Agreement): – ‘today announces it has signed an agreement for cannabinoid therapeutics development, licensing and commercialisation containing up to £51 million of upfront, R&D and milestone payments, plus long-term royalties of 20% of net sales (the "Agreement").’
‘Under the terms of the Agreement and the expected development timeline, Nuformix will receive a significant upfront payment and believes it will earn further R&D and early-stage milestone payments up to a total of £1m during 2019. Further pre-clinical and clinical milestone payments are expected in 2020 and 2021, in addition to royalty payments of 20%, given the speed to market for consumer therapeutic products.’
This was further re-enforced in: - (RNS 9th Sept 2019- No 6247L) Ebers Cannabinoid Collaboration Update:
The number of patents filed is one of several key performance indicators for the collaboration and demonstrates the partnership and overall concept are well-founded. For Nuformix, this first patent filing creates a path to further income from Ebers. We will continue to inform the market as further patents are filed and milestones and royalties are paid in-line with the agreement". ‘The patented cannabinoid forms have immediate applications in both pharmaceutical and consumer products worldwide, which in due course, will generate further milestone payments, plus royalties to Nuformix of 20% under the Agreement terms.’
To be continued