Scancell Share Discussion Threads

[terror] 15/10/2018 08:46

BACK TO 2010 levels.

Yes, that's right, this is now back to where it was in 2010.

8.44p is next leg down followed by 4.63p.

Not looking pretty.

Any open offer will now be looking at the 8p level. This is where PI's get stung if they refuse to look beyond the TrHYPE.

A CONsistent ramping on the MFF has cost PI's dear and lost 8 years of investment growth in a big bull run

[terror] 15/10/2018 08:32

9.58p.

Seems like the sellers have not been reading the MFF.

[drdobson1] 14/10/2018 12:06

Gazza
Post recommended.
But I think we all know ONE who is Stupid enough to think the Sun shines out of their rear ending that they or indeed HE cannot be challenged.
That is why he has vacated the board here as he has been hammered too many times by all the Astuties
However I do think it is valid for any attendees to question why the BOD think they deserve huge increases in remuneration at a time when genuine Share holders have suffered a lot of heartache and money.
Even RHatton I am sure went through a lot of turmoil and of course realised a big loss when he sold up recently.
However since then if he bought back at these new lows he would be seen as being astute compared to the long term underwater sufferers.
So the BOD should be aligned to the interests ofSH so that they both go through the pain as well as hopefully enjoy future rewards not simply award themselves big options and salary increases and just raise lower and but more cheaper

[gazza] 13/10/2018 10:43

Dr, it is not the place of shareholders to defend or justify the actions of the bod regardless of their own opinion on the matter. The BOD should be capable of doing that themselves. Do you really think any shareholders here would be that stupid?

[drdobson1] 12/10/2018 20:59

To be able to operate at top of business life requires fortitude and I itiTive.
24/7 working and only occasional lunch breaks are needed.I have suffered by not being fully dedicated as put family life first but have good work/life balance.
Seen many top h life execs who simply burn up or turn funny bit like baNANA who is clearly unstable.
I am going to AGam to give them a piece of my mind and ad ice on behalf of long suffering shareholders who have endured pp performance by a crooked BOD only out for themselves.
Will also give any shareholders a grilling if they try and justify the huge safaris given to the BIzd with notable exception of Lindy Durrant and Sally Adams.

[wanderer1210_0] 12/10/2018 17:20

It will soon be time to load up again then sell on speculation. Can't help thinking I'm walking on thin ice though now, at least I've made a few quid from Scancell, come to think of it, so have the BOD lol

[torquayfan] 12/10/2018 10:54

Tosh I am not demeaning your work in ANY way but undoubtedly, to have fulfilled RG's role over the last years, needs a very much wider but still very demanding range of skills - much more in fact than just ''resilience and the ability to work 12 hours a day under extreme pressure'' as you say. So I think it's your work in the City that ''pales into insignificance''. And again that's NOT to demean what you do. However I can fairly note that you were locked horns with Inan on a daily basis in times past on LSE - so you must have been good at protracted periods of multi-tasking too !

I doubt that RG ever had that much time on his hands ?
Obviously you are proud of what you do and that's fine, but keep it in perspective.

As CEO of Scancell, RG has undoubtedly been instrumental to our collabs with CRUK SCIB2, CRUK Grand Challenge, BioNTech, Karolinska and has managed the Company whilst Immunobody and Moditope became realities and we changed Chair from David Evans to JC. You say of RG with your usual bravado, ''one deal to nail down and failed'' a comment which says much more about you than him !

You have never been a CEO and I'm guessing so you have no understanding of the role. So give it a rest. Last on this - I see the quicksand. ATB

[the real lozan] 12/10/2018 09:06

Good morning Tosh et al -
Just an 'Alternative View', but I don't think 'the AGM will be a very turbulent meeting'.

[tosh123] 12/10/2018 07:14

TF,
no one shuffles bonds around in the city anymore.
To be able to survive in the city you need resilience and the ability to work 12 hours a day under extreme pressure, so what RG did pales into insignificance.
He had "one" deal to nail down and failed , most people in the city will always have numerous deals on the go simultaneously, so any comparison is pure fantasy.
How do you think RG was able to continue to raise cash ? Yes thats right, he had to come to the city. He didnt raise the money, the city did.

But enough about that.
Lets just hope that someone pulls a bl00dy great rabbit out of the hat before the AGM otherwise it will be a very turbulent meeting.

[torquayfan] 12/10/2018 00:13

Berm - of course, you may be right about K-C and Oxford Biotherapeutics and myself, I've only just reached the stage of 'wondering' about the possibility of some discord. IMO it'll be reasonable if a question is asked at the AGM about the RG / JC emols.

When we recruit a new Non-Exec to Chair Emols let's hope for someone with more a moderate approach than JC !

Agema - good to see you around - not sure you were 'shouted down' on the point.

Tosh - I am still supportive of RG and believe he did a very good job with limited resources in a very complex situation. Possibly ALL of the hopes we have are founded in his diligence with Prof. Lindy's science over the years. With respect what he has been doing is a lot more demanding than shuffling Bonds around in the City or whatever it is that you do, (and I do not demean).

GLA

[bermudashorts] 11/10/2018 16:58

Tosh/Agema

.........and I also posted on lse and others didn't agree with me. Call it shouting down if you like but as my previous post said, there was a whole range of different opinions. Isn't that what these bb's are for?

[agema] 11/10/2018 16:42

Tosh
Yes I would agree with your post entirely.

[tosh123] 11/10/2018 16:34

Agema,
i cant think of one target that the BOD have actually achieved ( LD accepted )
The amount of money raised has been used primarily to line the pockets of the people who are supposed to deliver.
The problem is, the longer things are delayed, the more of the money raised to fund the trials is disappearing into directors pockets and keeping the lights on !
So i have no doubts that there will be further raises within a year, and , what is a really scary scenario is what happens if the CRUK funding doesn't materialise ? Then we're in deep deep trouble.
Bad management, yes indeed.
RG was a nightmare, yet he was still allowed to walk away with a lot of money for doing very little other than relieving investors of their hard earned cash, by telling porkies.
He delivered nothing tangible other than enough investor money to pay his over inflated wages.

[agema] 11/10/2018 16:22

Bermudashorts
No. Untrue. I was shouted down on the lse board when I claimed her resignation was suspicious. More to it than met the eye. A definite fallout for me.

Tosh.
Agreed. It stinks. Constant delays in trials. scib1 allowed to run out. The share price keeps going down, again as predicted. Nothing but excuses and fundraising for 6 years. Where are Scancell today. Nothing in human trials. Yet the BOD’s pay never suffers.

[tosh123] 11/10/2018 16:06

And as predicted, you can now buy at single figures !

[tosh123] 11/10/2018 15:55

Agema,
i think ( hope ) that LD is not in that category.
I am a big fan of LD, and as stated many times before, i feel for her.

I get the impression that her only real focus is not on anything to do with personal wealth or status, but a genuine dream of helping people, and as such, she is sometimes shafted by those around her.

As for RG, my views on him are well documented and the fact that he took such a large lump of cash as he walked out the door, only goes to reinforce those views.

I dont think anybody minds directors getting paid well, if they perform well, but a simple glance at the performance over the last 6 years, is sufficient to quell any such thoughts.

I think its absolutely abhorrent that they can raise money for medical research, and then walk a reasonable percentage of it straight into their own pockets, when the trials are still delayed, and nothing really agreed.
It stinks.

[bermudashorts] 11/10/2018 15:51

Agema,

'The shrewdest called it at the time though'

KCB's resignation was discussed on lse at the time with a whole range of opinions.

[agema] 11/10/2018 15:36

There have been many aim companies in the past, preasent and I am sure in the future. That are Zombies. Never going to achieve anything but raise lots of money and give it to themselves, the Directors. Not saying that is the case here. But would not count against it either.
One thing is certain. So far the Directors have paid themselves handsomely for achieving very little. For anyone bar themselves.

Nice to see some of the regulars finally admitting the resignation of KCB was suspicious. The shrewdest called it at the time though.

ATB.

[oldnotwise] 11/10/2018 13:44

Berm (BS always worries me as an abbreviation :-( )
I understand that, and it may well be the case, it's just a shame that subsequent events have allowed the raising of the sort of questions (and observations) that have recently come to the fore.
I'd agree with you regarding recruitment, and let's hope that KCB will be replaced very soon.
Good to see you over here.... hopefully we can look forward to a new (and happier) chapter in the Scancell saga!
ATB

[oldnotwise] 11/10/2018 13:37

JC is the one who converns me most... what with the Share acquisitions at the most opportune moments and the unfulfilled promise which acccompanied his arrival, I do wonder how the payments are justified. BUT (and it's a massive BUT)if there's an announcement (that might even explain the pushing back of the CRUK awards due Nov 2018 as well as the other delays) then I think that JC and CH can rest easy for the next year.
I've decided that in the interest of my own sanity, that I'll sit and await developments... but G*d help the BOD if there's nothing of significance to reveal at the AGM....
It's all very well having the best science in the world, but if no Big Pharma wants to "snap it up" -which quite a few previous self appointed "experts" have been telling us would be the case since 2012)I believe the BOD need to tread carefully and accept that perhaps they should be as patient as their loyal PIs have been, and if they're not, we as the Loyal PI should carefully consider their motives!
So let's see what the AGM brings forth (if anything!).
ATB

[tosh123] 11/10/2018 13:34

TF,
I dont think that i was alone questioning the rationale behind her departure at the time, but as is always the case over on the other place, it was met with the usual dismissive nonsense.
Everything happens for a reason, and i still have no doubts what so ever, that her resignation was because she didnt approve of certain things that were going on.
How can she defend RG's and JC 's salary increases ?
She would have been eaten alive at the AGM, and quite rightly so. The question now stands, that who will take responsibility for it ?
As a shareholder who has seen the share price slump for a continuous period of nearly 6 years, and to now be at a level of nearly single figures, it is totally unacceptable to be rewarding those people responsible for the companies performance.

Time lines continually missed - Promises continually broken - Delivery = zero

and they then have the audacity to pay themselves eye watering salaries !
It beggars belief.

RG let every single shareholder down, and what happens ? He gets a massive pay rise ! Where else would that happen. Its extraordinary, only made more so by the idiots on the other board that attempt to defend it.

[bermudashorts] 11/10/2018 13:31

ONW/TF

FWIW I believe KCB's resignation may have been connected to Calculus' investment in Oxford BioTherapeutics. Link to their website is below and not difficult to see how Calculus' involvement with both companies would have left her conflicted. Just IMO of course.

Very much hope Scancell are actively recruiting to replace her.