Evgen Pharma Share Discussion Threads

[dave4545] 19/1/2024 19:19

Had the same with Agl all derampers saying placing...2 weeks on no placing.

Most people that deramp actually want to buy the stock in question a bit cheaper

[xxproinvestorxx] 19/1/2024 18:55

Posting my message from the LSE BB

I contacted shareholder relations after the release of the last RNS with a few quires for the bod and received an email back from Huw. Unfortunately, and as expected, he could not comment on a few of my questions, but he answered the ones he could. A few of these questions I wanted clarification due to the lies, miss-information and fear mongering spread by a few posters here (Kingalf and CJ).

There have been suggestions from these un-invested posters that due to the wording of the RNS, the company no longer anticipates receiving up to $5.5m in 2024 from the Stalicla partnership. Could you please confirm that the bod remains confident in the anticipation of receiving these milestone payments from Stalicla before year end (and the application of IND from the FDA).

“The language used in Tuesday’s Reach was consistent with our previous guidance on cash runway which we have always stated does not account for receipt of milestone payments. We do not incorporate milestone payments into the forecast due to their event-based nature, it would be misleading to do so when success and timing cannot be unequivocally guaranteed, this is accepted risk management practice, as well as a requirement from our auditors.”

“The milestone is event driven rather than time driven and I’m afraid we can’t comment further at this time.”

I was under the impression that the company was due to receive $0.5m on completion of the human volunteer Phase 1/1b study. As this study was completed last year, has the company received the money? If not, when is this expected to be paid (I assume imminently due to the Stalicla cash raise?) and am I correct to assume that this will extend our cash runway as it would not have been included in the bod’s figures?

“The Phase 1b milestone invoice of $500k was reflected in the half-year results released on 31st October 2023. We continue to work with our partner to deliver the payment and will provide updates when we have news to share. Future milestones are based on development activity the timeline of which is managed by Stalicla. As for Stalicla’s future fundraise activities, due to confidentiality reasons, we are not able to share further information on our partners fundraising activity over and above what they have already stated publicly.”

Several posters keep making refence to an impeding cash raise, from the issuing of a large number of shares. This includes suggesting that the bod will attempt to raise $10m from the issuing of over 660m shares, decimating existing shareholder value. While I understand a cash raise cannot be ruled out, can you confirm the bod’s intentions on cash raises and if they would/would not attempt to raise this level of cash, with the share price on its knees.

"For the reason you raise in your next question, I’m afraid we cannot comment on future events at this time, I hope you’ll understand."

AXA selling – Can you confirm that AXA have no insider knowledge of an imminent share placement as this would be deemed insider trading.

“I confirm that we communicate with all shareholders simultaneously as is required of us by AIM rules and the UK-MAR legislation. AXA has no more information than any other shareholder.”

Juvenescence deal – Could you please confirm that Juvenescence handing back the licence to SFX-01 was solely due to their own change of business direction, as opposed to any reasons relating to SFX-01 itself. And if possible, disclose the exact wording from Juvenescence.

“Juvenescence returned the rights to us due to internal matters for them as we stated in the RNS at the time. As is best practice, the wording was agreed with them.”

Is the bod exploring a possible listing of Nasdaq or is there any current takeover talks ongoing.

“Again, as you’ll understand we can’t comment on future events but rest assured we are doing all we can to increase shareholder value in a difficult market for biotech companies. It may interest you to know that there are hundreds of Biotech companies on NASDAQ that are trading below cash. Further, Evgen is in the top 33% of all public European Biotech companies in terms of months of cash runway remaining according to a reputable London analyst group.”

These responses disprove some of the nonsense that has been posted by certain people here, who are not invested but overly emotional and irrational.

We have had a better end to the week than the start and I hope we have seen the last of AXA. Next week is looking promising for the start of the re-rate and I’m looking forward to receiving the news that will be coming out soon.

[wololol] 19/1/2024 15:40

Good intel. I'm surprised not seen more buying this PM with the sting share price action but Fridays are usually quieter. Bodes well for Monday. Good weekend all.

[markth126] 19/1/2024 15:32

Well there's definitely appetite to buy as will take 700k in one go off me right now at 1.52

[dave4545] 19/1/2024 15:26

4 mm's on 1.7p and still only 250k max 1.675p

They could be playing games but there does not seem to be a overhang of stock but I've seen them give that appearance here this week

[wololol] 19/1/2024 14:20

Sellers out imo. Ask going up on pretty much every 100k shares. Once the market wakes up it's going to be one hell of a ride north.

[dave4545] 19/1/2024 14:16

200k and 100k just now mine.

[wololol] 19/1/2024 14:12

Going to put it out there this is going to finish near 2p. The share is moving up fast on very little volume. I'm buying more I think the seller is done or a big background buyer.

[clocktower] 19/1/2024 13:10

Not much selling Wololol because it is only those of us that have bought recently that are not seriously underwater still imo.

Once you hit 2.5p or there about, if there is no BIG news you will likely see those that just want out rather than wait for big profits and will miss out on any good news that does flow.

[wololol] 19/1/2024 12:32

Yes good analysis Dave. I think the fact hardly anyone is selling people know it has much higher to go. A bit of volume and we could finish a strong blue day ready for when I think is some sort of positive news next week.

[dave4545] 19/1/2024 12:22

The mm's must have expecting (like usual) they could drop the price and all the sheep would just sell much lower and they make easy money.

Apart from one trader nobody else has sold, it's strong online 1.444p bid and NT to buy 50000 so they are not prepared to let anybody in cheaper.

Probably going back to unchanged unless the mm's get lucky with a seller

[wololol] 19/1/2024 11:23

I imagine Dave may be buying soon with this false drop. I must admit im tempted

[clocktower] 19/1/2024 11:13

Trap door opens and in they fall with very little volume.

[dave4545] 19/1/2024 09:42

Yep plug pulled for traders NT to sell on coppers sold

I'd not call it a shake because there's a sell order in the system but atm it's going to take a lot less to drop it than to take to move it up.

1.57p best to buy

[wololol] 19/1/2024 09:32

Pharmas flyIng, EVG should be next

[wololol] 19/1/2024 09:30

Good strategy Dave. Looks like the selling has stopped though so that is a good sign if nothing else. How much more you planning on taking if it drops?

[dave4545] 19/1/2024 09:23

That's the problem with the current market, you have a great day great volume it closes strong, highest price paid after the close and the next day it's dead when you thought it would be out of the traps.

1.62p to buy, honestly not bothered which way they take this today, if they shake it I have decided to buy more but if it goes up from here happy days I hold enough already

[wololol] 19/1/2024 09:01

Other Pharmas doing well FAB, Hemo, ETX. Etc General strength being shown in the sector at the start of the year.

[markth126] 19/1/2024 08:42

Yeah sorry about that, must have just been mine playing up.

[dave4545] 19/1/2024 08:14

250k is 1.58p and 300k+ is 1.62p Mark here with HL

[markth126] 19/1/2024 08:10

NT to buy again but can sell 300k. Hope another day in the right direction to ease sentiment and those impatient traders

[dave4545] 18/1/2024 16:21

Shore Cap on the bid higher bid.

But I'm sure this is games and if I had access to the RSP screen it would still be them offering stock


And you can buy at 1.58p which is around mid price.

But very happy with the volume and gradually move up today

[clocktower] 18/1/2024 16:09

Cleared it seems as Shore is on bid 1.5p

[dave4545] 18/1/2024 16:06

895k block at 1.5p

Seems too high to be a sellers block sale.

375k offered online at full 1.55p offer so again mm's happy to offer stock today with the interest, they might dip it if some people in lose patience it's a jittery market but I think we are days away from clearing this overhang if volumes remain