with 30p of cash looks like you might be wrong...now 21.5

all gone quiet on here. What you guys make of the major houses recent January interest in the stock - such mass investement from these guys can only mean one thing? Results out on Tuesday too - seems like a bargain?? Loaded up on the chance of positive news, what with the apointment of Numis too, cant see anything other than positive!!

Frankly I see very little value in this co UNTIL their next product gets a little further along. Investors have to realise that small Bio's really shouldn't be listed and it is bound to be a rocky ride - either it works and they have a product that's worth millions....or not.
At earlier levels (over 1) it was clearly all hope - the real value is probably twice current sp (on account of cash alone I sus;pect), but most investors will only buy when the trials are declared - and whilst that makes sense it is the difference between a 10-bagger and maybe 4x - at current levels your investment (in money-value terms) is pretty safe...however, poor management could burn through this and maybe that's the issue - some execs should go....they aren't up to it.

[[EDIT:- June 2007 - it seems the co will return cash to shareholders about 21p/share later in 2007, so expect this to be discounted right up to the final days - when wide-boys buy ots and make maybe 2p per share x a few million! A sorry end to an exciting prospect which didn't quite make it - not sure about the other products, they seem to have gone off the boil, etc.]]

A YEAR Later - sp up 5% to 20p (mid).
And it is evident that the pharma-company is having a near-death experience.
They appear to be trying to use their listing to attract another business, a side-ways takeover....or "Reverse"...?
Quite a flurry of buying today - with just 4k of sells.
Does someone know "something's up"?

. . . . . . Did anything happen to the idea of returning shareholder cash?
Of course not, - execs need a business to be directors of - to keep their salaries flowing....Grr!

Let's not forget this company stroked up their sp to over 1.

All IMHO - - please DYOR.
EDIT-22Aug08 - sp up again to 26p - something odd