Scancell Share Discussion Threads

[gazza] 13/2/2019 09:50

And I take panama's point about the 20% dilution. There would have to be a special resolution.

[gazza] 13/2/2019 09:48

Bermuda, you ask "why would they raise cash now at their weakest point?"To appease their iis. Scancell get the cash they need, iis get the opportunity to recoup their losses. If you wanted to buy 12m pounds worth of shares now, you certainly wouldn't get them at 6p. A placing is the opportunity to give your main backers a bargain. As I said, only my opinion. I can't even claim to hope I'm wrong, I think getting the cash by whatever means is the best hope long term.

[tosh123] 13/2/2019 09:47

a raising at a 20% discount from 5p = 4p
This is now getting rather scary.... We need some action from the BOD.

[tosh123] 13/2/2019 09:46

Also, im afraid to say that theres no guarantees that this is indeed their " weakest point ".
Unfortunately it looks like there could be even more share price pain on the horizon.
That bunny needs to come out of that hat pretty darn soon.

[bermudashorts] 13/2/2019 09:34

Yes that's true Panama.

[panama7] 13/2/2019 09:27

Bermuda, the BOD's history shows they would be quite happy to raise the 12m in tranches. The problem they have raising at 5p is that they would only be able to raise approx 3.5m after costs with the current resolution of 20% dilution. WTF is this IND !!!!

[bermudashorts] 13/2/2019 09:12

Gazza, not sure I agree with that and hope you're wrong. Firstly if they raise now 5p would be an optimistic price and Trinity suggested they need an extra £12m.

At the moment they have enough cash to at least get SCIB1 trial underway and during the same period CRUK should commence the SCIB2 trial. Surely they would wait until both trials are up and running before going back to the market for more cash? Why would they raise now at their very weakest point?

[gazza] 13/2/2019 09:05

Ok, I see what’s happening now. Calculus originally bought at 5p. They have supported placings at 22p and 12p so at the moment are in the red (having been one of the top performing funds off the back of Scancell in 2012). There will be a big placing at 5p offered to existing, and perhaps new, iis.

On news (any positive news, ind approved, trial started, trial data, licensing deal) this will jump back into teens and the iis will be sitting pretty.

AIMHO

[oldnotwise] 13/2/2019 09:02

Tosh
Yep, looks a bit that way, but depends whether anyone's got the incentive to drive it there.
I really hope there's a worthwhile RNS up someone's sleeve to help out, otherwise the market may be able to run it....
However, that argument holds good either way.... there's very little to do with fundamentals at this point... IMO it's all about whether anyone wants to play sillies with an undercapitalised IP rich company that's patently hoping to produce an attractive bunny from a very large hat very soon.
Batten down the hatches? I think so.
AIMO
ATB

[tosh123] 13/2/2019 08:54

unfortunately i think 5p is coming...

[oldnotwise] 13/2/2019 08:47

It's going offered at 6.15p on my platform now...
Spin a coin short term?
LOL
ATB

[tosh123] 12/2/2019 15:40

Gazza,
dont forget that all the pharma's that had access to the data room and failed to see that the there is zero risk here... silly them.... all 68 of them... They were clearly wrong as well.

[gazza] 12/2/2019 14:58

Tosh, ONW, Loz, Terror,

"No, you are all wrong"
"the market's wrong"
"The science will see us through"
"It's the number you hold"
"Tick tock"

The real risk here is being out when that RNS breaks (it's only been 5 years coming). The share price will likely rocket 50%, to 9p thereby recovering all losses ... hang on a sec...
bye.

[tosh123] 12/2/2019 13:39

ONW - LOZ - TERROR,
over the last 12 - 18 months, any long term holder worth their salts would have been actively derisking their position, with a view to obtaining a " riskless " investment. It would appear that even the resolute C7 has finally learnt his lesson and taken the advice promoted by posters on this BB rather than listen to the rubbish being spouted has by his old mucker, and has traded his position ( although his recent buys are now out of the money again ).
Just think how much better off he would be right now had he of listened a lot earlier though, rather than play lip service to the village idiot, probably cost him thousands !
Anyway, at least he's finally listened and obtained a REAL derisk, not a pie in the sky, it cant kill mice derisk.

So, contrary to the idiots " buy and hold " nonsense, the shrewd investors, have done the complete opposite of what he has told them to do, and have mitigated their risk, whilst he still pours more good money after bad, and has an average of many multiples of the current share price .. who's the idiot ? hmmm let me think about that for a nano second.

[oldnotwise] 12/2/2019 12:00

Loz
ref your 19646
" In FACT - Rhatton SAVED the SAME amount of money = at LEAST £12,000....
That Elsie's 200,000 shares are worth now in total."
Now THAT'S derisking....
:-)
AIMO
ATB

[terror] 12/2/2019 11:50

Great point Loz.

Scancell have been unable to live up to the Hype, they are too slow, not properly funded and as I have stated many a time, they lack a coherent corporate strategy.

6 has been a bad number for many to swallow this last few days, perhaps a move to 5p will seem like an inevitable outcome for the share price

[the real lozan] 12/2/2019 09:26

Morning Tosh et al -
REALITY =
Nearly ALL posters here AGREE - HE IS A MENACE { DANGER to the wallet} EGO maniac
*WE ALL* respect the 'INPUT of the experienced' in matters *WE ALL* might not be.
WHEN did HE AGREE with ANYONE about ANYTHING ???
When did HE 'Get ANYTHING RIGHT'???
Is there ANYONE [ other than HIS fellow SCAM CLUB 'members'] who remotely feel =
"FUNDING is NOT an ISSUE here"
OR
{ They } " We are MINTED " ???

[ivyspivey] 12/2/2019 09:18

Thanks Tosh

[tosh123] 12/2/2019 09:08

Loz,
unfortunately, all those " new buyers " appear to be having the opposite affect of what one would think they would... i think we may see trades in the 5p range today, so please, all you new buyers STOP IT because you're driving the price down LOL.

what a plank he is.

[tosh123] 12/2/2019 08:13

Ivy,
indeed, but also a spread bet and a cfd are two totally separate animals.
With a CFD you get the " performance ", of the share, which means you get all the benefits of owning the share, without actually being on the register eg ;- corporate actions !

Dividends - stock splits - consolidations - CB's - return of capital - take overs , the list is endless, with a spread bet, you get no such exposure or benefit.

The only way to hedge against such activities, is to hedge versus the underlying, which is why, when a corporate action is announced, the CFD holder will be contacted and asked whether they wish to participate, which would never happen on a spread bet.... our caped crusader is comparing apples with a cement mixer in his desperate attempts to try and justify ALL of his comments... ALL of which i might add, have been blown out of the water.
Furthermore, as a CFD is a " regulated " activity, the provider is therefore duty bound to provide customer protection, whereas, under a spread bet, they aren't.

The plum has no idea what he's talking about.

[ivyspivey] 12/2/2019 07:51

Understand it is not a spread bet.
Sensible to hedge if lot of risk and a high proportion of AIM Company’s would be considered risky

[tosh123] 12/2/2019 07:38

ineptico,
you still dont understand, even after many explanations, you're painfully slow..

i quote .." What you are buying is a contract between yourself and the CFD provider "

Absolutely, but your CFD is hedged against the market by the provider... A CFD is NOT a spread bet, as under the terms of a CFD, you get the " performance of the share " , whereas under a spread bet, you only get the " performance of the share PRICE "... the two are totally different and have major implications which need to be hedged against, especially in small, illiquid shares.
Now please just go back to you hovel... YOU ARE WRONG.

Ivy,
its really basic stuff, he just cant grasp it.
Ultimately, the CFD provider is required to hedge himself... A CFD is NOT a spread bet.

[ivyspivey] 11/2/2019 18:39

Tosh.
Makes total sense to me that CFD trading exact conditions will vary depending on individual share liquidity/the potential liability so whether majority position is long or short.
So for eg if IG feel that on a small cap illiquid share a lot of shorters are liable for a big amount if it goes against them they may want to reduce the risk of the shorter defaulting by asking for a proportion of the money up front( to reduce the risk to them).
Whilst on a large FTSE liquid stock they may be less risk averse.
I don’t know anything about CFDs but appreciate your undoubted experience in these matters.
TIA