Evgen Pharma Share Discussion Threads

[markth126] 16/1/2024 18:58

Whilst I think the receipt of the next stage payment is important why do you consider it a re rate event. It's only £500k? Yes would extend runway but only around 6months. Just wondering thoughts as to why a re rate?

[lovewinshatelosses] 16/1/2024 18:35

Payment confirmation is the only thing that will realistically drive the share price up now (I mean a re-rate, not a short term spike). Excellent glib news with an attached funding package notwithstanding.
The BOD are not going to buy. They are too well-rewarded without the need to risk their own (not so hard) earned cash like us proles.
I actually partially blame the main shareholders for letting them get away with this for so long. They have the voting rights that pack the punch, after all. Hey ho.

[clocktower] 16/1/2024 17:59

Love - I have read the non-rns several times and considered what they said previously, as pointed out in post 2492.

"Cash runway remains unchanged to end of 2024 excluding further milestones from the Stalicla SA out-license agreement."

Which make it pretty clear that the forecast runway has not changed but on receipt of any monies from Stalicia they are likely to be extended - which is positive, but how much maybe received is another matter all together.

So, I think there will be news of a payment within a month or two from Stalicia which makes the share price look like a bargain if I am correct but as you say with this lot, you never know, as they said they wanted to buy shares over a year ago - so trust went out the window long ago.

Trust is the root of the problem, as it is Toni maybe he can and will restore a little of it soon by buying a few million, followed by the other clowns.

[lovewinshatelosses] 16/1/2024 17:27

With this BOD, what did you expect, mark?
FWIW, I read it as meaning that they have not 'banked' the anticipated cash in the runway, but equally, it comes across as pessimistic on that front too. So the share price reaction was logical.
These guys should be paid minimum wage at best, but not sure they even justify that.
Hopefully the key shareholders will do something about this lot soon. Lifestyle merchants at best, would be a fair conclusion based on performance to date.

[clocktower] 16/1/2024 17:23

Wololol it may not need rectifying, as it may have been correct but to be fair I think it was an error to write it in that manner and I was tempted to buy at 1.4p like dave4545 did but caution was exercised as they have not provided any support by buying.

Still, we will be ready in the morning if there is a fresh RNS or Non-Rns, as it will be fingers on the buy button if issued at 7am and it was just faux pas.

[wololol] 16/1/2024 16:43

Can the large holders email investor relations or the company to get it rectified. I have already done so but the more the the better.

[clocktower] 16/1/2024 16:33

If they do dave you will be wishing you took 500k. :-) as it could go to 2.5p with easy if that is correct - buyers might have a real bargain. Good Luck.

[dave4545] 16/1/2024 16:25

They should issue another RNS in the morning

[ged5] 16/1/2024 16:21

Perhaps they should have used the same wording as they used in the half year report.

"Cash runway remains unchanged to end of 2024 excluding further milestones from the Stalicla SA out-license agreement."

[clocktower] 16/1/2024 16:18

Why not phone them markth, and confirm if OT is correct. However as you say shocking wording.

[markth126] 16/1/2024 16:16

I agree with O T but I think its an awfully worded RNS as to whether they now dont expect it therefore havent forecast it or whether it is not in the communicated forecasts for the runway to the end of the year. Dont people proof read these things and ask questions before throwing it out there.

[wololol] 16/1/2024 16:15

OT is correct. They mean the cash runway is end of 2024 so basically good for cash for a year. It has been badly worded. I expect the milestone payment soon in The forthcoming week's. They prioritised solpt1 as that's their own asset and oldest asset and the other substance one as well cost them over 300000 million dollars so understandably want to progress that as well. I see the spt2 being progressed in the very near future as they will need to keep their investors happy that all programmes are going ahead.

[dave4545] 16/1/2024 16:15

400k sold at 1.3p mm's loving this

I'm going to back off now got 100k filled at 1.4p

[dave4545] 16/1/2024 16:14

Annoying the manipulation dropping it like it's dire but not letting me buy anything more than 25000 at 1.4p which is pointless

orders in and probably get failed

[clocktower] 16/1/2024 16:11

dave you may get a very quick turn even if you pay 1.5p if OT is correct.

[paulhudd] 16/1/2024 16:11

Nice one. Took a while but eventually got my buy in price.

[dave4545] 16/1/2024 16:09

I'd take 500k no problem at 1.4p oh but you cannot even buy 50k so why drop it there in the first place

[clocktower] 16/1/2024 16:09

O T if that is the case the Non-Rns has been very badly worded, and it could bounce again if you are correct and they put that straight, as getting a lump sum before year end would be exciting.

[dave4545] 16/1/2024 16:09

NT to buy so why drop it then ?

So you can panic people to sell

totally corrupt

[dave4545] 16/1/2024 16:05

If no overhang it probably would have spiked 30%

The mm's have spiked the news and now no support it's drifting down again online as they take it back to around 1.5p to buy.

Typical market, people only want them when they are flying.

[on target] 16/1/2024 15:56

Manual Dexterity - they are referring to the cash runway (end of 2024), in other words that does not include milestone payments which will obviously extend the runway.

[clocktower] 16/1/2024 15:52

Back to square one and li8kely to slide further once all the news traders sell back imo.

[clocktower] 16/1/2024 15:44

T.I anyone that was aware of t5he Stalicla raise would have expected this to rise but they would have also expected to receive milestone payments and that is where your prediction of jumping to 4.5p in one go, goes up in smoke.

Will the directors even buy now?

[wololol] 16/1/2024 15:34

https://www.finsmes.com/2024/01/stalicla-raises-17-4m-in-series-b-financing.htmlSPT2 funding for Evgen imminent according to this article .Great news. Market not woken up yet.

[dave4545] 16/1/2024 15:32

30k pays 1.4875p and sells 1.53p lol £12 profit...nothing after charges