Valirx Share Discussion Threads

[nico115] 23/8/2022 15:24

"warrants will kick in after 22p and they will sell the lot flooding the market taking us down again. J"Nonsense Porky is a massive buyer at 10p and will ramp soon He missed out on placing as was in aMess in ddddIgnore porky

[nico115] 23/8/2022 15:22

Really sorry for your losses in DdddMust have made you very negative Hope you get out of your rut

[ben gibbons] 23/8/2022 14:26

Very bad indeed that Therm have not paid up. Can you imagine not receiving any wages for 10-12 months?If my customers do not pay me within 7 days they do not get my services again until they pay up.Some one needs a boot up their backside I think!Shame Adam will not take a position on the BOD coz he does not mince words!

[carlisle44] 23/8/2022 14:23

Shocking that money not in from T and Looks rather desperate to my mind from Val's side that we are still waiting

[ben gibbons] 23/8/2022 14:15

Can not argue with the points being made here to be fair.

[porky9] 23/8/2022 12:51

@Jasonpugh

She may well have a point.
The big elephant in the room is lack of ANY clarity what so ever from THX

By now there should at least be a prospectus out regarding the raise and how much its for and how to subscribe. Yet nothing in the market.

In almost a year THX has not even paid any of the $10k usd monthly service fees since November. The deal only results in 1.6m to Valrix from when it completes for the next two years. This is NOT a big sum.

Lets face it the sums are so low you could crowd fund it!!!

Time for Valirx to get commercial and ditch THX. Just because they like working with them is not a reason to continue. We need to look for a better funded partner and issue THX a strict timeline to complete.

No reason why we couldn't continue looking for another partner whilst they try and get funded. The exclusivity should have been removed when they failed the first deadline not the fourth... ridiculous situation

[porky9] 23/8/2022 12:42

Will See 6p Before we see 60p

The situation is that Shareholders have a number of hurdles to overcome short term which is why I believe we will have further short-term downside:

1. There are 35m of shares recently issued at 10p I am going to estimate at least half of this is in non sticky hands just waiting for an increase in the bid to cash out at profit. Let’s call it 20m. They are in the hope that THX gets funded and a quick spike on the share price for them to cash out. There is 10% gain currently on the table with two MMs left that will deal at 11p. We need to offload this lot ASAP to move on.

By my rough calculation about 8m of this is currently out so still some to offload. When the share price hits 10.5p some might just take it to avoid a loss situation. That’s the problem with placements, many are not in it to support the business longer term they are in it for a quick gain.

2. The 8.5m of director share options are not issued yet but I don’t see theses as an issue when they are as they will go into sticky hands. So just a little dilution.

3. I think they will need to issue the 20m additional shares asap to get the tCRO off the ground. As each day goes on, they are just burning more cash. The lab will change that situation but doing nothing about it currently. But it needs doing IMO.

Based on past decisions and NOT adding to the BOD I expect much of the same. They will leave it until its too late again. THX will need more time and the longer they leave it the lower the placement for the lab will be.

4. Once we get over the above and the share price starts recovering CENKOS warrants will kick in after 22p and they will sell the lot flooding the market taking us down again. Just before this event, anyone left at 10p would sell half and be in for free with the rest to de-risk, that’s what I would do as its commercial sense not emotional sense.

I think many think the THX position is going to change events and they will suddenly get funded. I don’t agree. I think it will take them years if not at all. It’s been nearly a year already. If it does land it only brings in 1.6m over two years from that point but it would help future working capital.

Read the report directly from CENKOS on the research hub:-
hxxps://www.cenkos.com/research-portal/#/portal/cenkos-securities/

GL

PS - the H1 results should be out first week of Sept unless they delay it. It will show no further major progress in respect of 201 and continued cash burn of circa 110k a month. Until the lab gets started they have no immediate way to get cash in and getting the lab off the ground plus the board additions needs to happen ASAP IMO.

[jasonpugh] 23/8/2022 09:42

Message from Satu via LinkedIn regarding theoremrx and 201

“Can they have results to attract pharmaceutical interest? And also, how is the patent life? The cynical myself May think that the US small company used 201 to raise money for themselves. You see what Vcompany Have done for the past few years. Imho “
She knows more about 201 than anyone including adam and still holds shares including placing shares at 10p which she participated in but obviously worried about Theoremrx exploitation.
..

[francoismyname] 19/8/2022 12:18

How this stays above 10p is beyond me.

Sweet nothing to look forward to . Just jam tomorrow.

Even the deal if it happens is not greatly cash generative in its early days and relies on some major milestones to happen

It’s a sell from me

[jasonpugh] 19/8/2022 11:43

Wonderful post from adam Hargreaves on lse. Completely destroys Georges comments.
He states suzy is confident regarding 201.

[nico115] 19/8/2022 11:14

I agree with some of what you say .BUT you don't take into account our v low mkt cap I also want to see the BOD strengthened.

[nico115] 18/8/2022 19:06

"Kings Tie up will deliver FA revenue for the best part of 10 years and that's if it makes the first stage" Nonsense We could end up selling it for over 100m pounds within 3 years.I know you lost nearly allYour money on ddd but deramping Val at 11p is a desperate attempt to buy in at 10p as you missed the placing cos you were selling your house ..you complete tomorrow so have some funds .desperate !!

[412069] 18/8/2022 17:38

Can’t argue with the above Nico post really now can we.
Best time to buy VAL at the moment since 7.5p

[nico115] 18/8/2022 17:03

Agreed Ben Yes we need a stronger bod A lot of bad news priced in at 11p Like a lot of good news was priced In at 60pI say do the opposite to what porky does and you will make a lot of money I sold at 60p when porky was buying I was buying at 10p when porky was selling Buy low sell high porky Kings tie up worth at least the current mkt cap

[ben gibbons] 18/8/2022 16:59

Porky please rename yourself Jack Sparrow because you keep parroting on about the same things.We get it now mate and we also agree with your points about a stronger board and better comms.Have a evening all.

[nico115] 18/8/2022 16:48

Porky was the biggest bull of Val at 60p tweeting daily with v v high price targets The shares collapsed Porky now the biggest bear at 11p Say no more !!Mkt cap now 10m

[nico115] 18/8/2022 14:26

Yes Franco tells me he tries to be as bearish as he can be so people sell and he can buy .Why else have stupid price targets!!He thinks we were born yesterday !!

[ben gibbons] 18/8/2022 14:23

I told him to stop moaning and buy more on a second account over a month ago.

Happy days then as he will have shares at 11p and whatever he is currently holding at.

;-)