C4x Discovery Share Discussion Threads

[amaretto1] 21/10/2020 09:23

Your investment here ....Absolutely astounding ....The Clive Dix fund ...

[amaretto1] 21/10/2020 09:22

I've been there all year clown

[wigwammer] 21/10/2020 09:21

The narrative has gone backwards and the valuation doubled. Rather more insightful than "it's a positive placing" :)

[wigwammer] 21/10/2020 09:18

Stale balls for stale bulls :)

[amaretto1] 21/10/2020 09:17

Had some balls all year .... had enough ... simple !!!Adding to DDDD position

[the stigologist] 21/10/2020 09:15

Maybe there are some investors out there with balls ?

[wigwammer] 21/10/2020 09:15

In fact, the narrative is worse because the "in the bag" deals they suggested have come to nothing so far.

[wigwammer] 21/10/2020 09:13

Narrative is the same as last year, with twice the shares in issue. Amazing that they managed to get it away at 14p.

[amaretto1] 21/10/2020 09:11

I'm out ...right or wrong ...Only plus side of u longs ...Managed to get a decent price ... considering ... most lots went for just under 15 Good luck u longs .. hope it comes good !!!

[davemac3] 21/10/2020 09:05

some delayed sells now coming in

[davemac3] 21/10/2020 09:04

delays with NRF-2, no milestone payment for Orexin Ph1, together with the size of the placing suggests it will be a while before any more revenue comes in.

[pugg1ey] 21/10/2020 08:34

Indeed DaveMac3. I'm guessing their lead compound hit the buffers in one of the Pre-clinical models (probably requested by a potential partner to get a deal over the line) and they had to go back and pick a new one. It is now below IL-17 when listing the progress update.

[the stigologist] 21/10/2020 08:31

I agree with GP a positive fundraise

Try not to cry like snowflakes folks

[1airbag] 21/10/2020 08:26

what price was the last placing at and how much did they raise?

[wigwammer] 21/10/2020 08:19

I bought after the last placing, they promised a load of stuff, if anything the narrative has gone backwards and now the market cap has shot up as the issued shares rise.. roooobish performance.

[davemac3] 21/10/2020 08:19

More work needed to get NRF2 across the line (IND enabling studies). I thought Clive said a while back they were "as close as you can get" to making a deal.

[pugg1ey] 21/10/2020 08:19

hmmmm. this is when they got £1million from a placing in May

The net proceeds of the Placing will be used to further strengthen its balance sheet as partnering and strategic collaborations progress, and to support working capital during the progression of its pipeline portfolio. The net proceeds of the Placing are expected to provide the Company with at least twelve months working capital. The Company's assumptions with regards to its working capital assume that a material tax credit will be received both this year and in H1 2021, as has been the case in previous years.

[wigwammer] 21/10/2020 08:17

It's been so long since this company reported anything newsworthy that I've forgotten what they do :)

[timbo003] 21/10/2020 07:59

I went for a few in the placing, I opted for the Units (i.e. shares plus warrants), but despite what is stated in the RNS, the shares which come with the warrants should qualify for EIS tax relief as they are not being issued at a discount, accordingly I will be applying for EIS tax relief on these placing shares

[golden prospect] 21/10/2020 07:55

JH, disagree about "Keep the lights on funding"

This makes for a strong foundation to secure HUGE awards, a position of strength.

[chopsy] 21/10/2020 07:53

Regarding the warrants, what is the exercise price, expiry date. Will they be traceable, listed, ? Ticker.

[amaretto1] 21/10/2020 07:48

Only thing I'm positive about...They wouldn't be getting 15 million off Pope and gang ...If they didn't have something ..in the future .. which would see a return on money !!The long term investors ... are odviously not pulling the rug....If they were, they would raise at under 10 pence ....That's what a knowledgable placing advisor has just told me.

[john henry] 21/10/2020 07:40

Keep the lights on funding. They’ve done SFA since the last placing.

Massive amounts of warrants coming down the line.

Slam dunk sell.

[amaretto1] 21/10/2020 07:29

They insinuated end of year !