The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
The offer although non binding and subject to 75 days DD will be sub debt,otherwise why would they state sale of TI shares plus cash from current balance.
The value here post sale on the above statement is therefore dependant on how much cash is required to pay off the Bond Holders together with the TI shares.
Simply put theres not going to be much value unfortunately.
Could well be a good day today as you would assume an RNS on the detail of the deal that's been done is in the wings to pop on stage very shortly
Also Tel Aviv closed tomorrow and bond holders decision extended till Sunday
So a great opportunity to get in prior to news
Let's hope for a good session
GLA
I agree this will rise into the weekend, RNS was very lame as I am pretty sure they would have had the numbers to release.
Bid amount would have been good lol.
I genuinely see this picking up leading up to the weekend and the 15th.
Will we end up blue today?
Probably lol
I would hope some news pre Sunday as
Bond holders extension on a decision is
Till then.
So detail of the precise agreement or
Optimistically a counter offer
We wait we see
Good luck
Is everybody just so depressed now that nobody want to post anymore.....
They guaranteed the bond, why would they do that knowing a sale would create a zero balance, doesnt make sense.
Tonya do you know how much they stumped up in total?
I'm a holder and didn't panic today as one question has really chewed at me. That being that the major holders were prepared to stump up for the bond repayments. Why would they do that knowing sale of TI was imminent but if left as a zero cash shell they would lose their investment?? I think the major holders have been privvie to the offers and as such know they will get a return above current levels, which means we will as holders.
Basically yes in cash only...then one have to think about the value of their spot on the market, that in itself is worth something. And then lastly it depends on what they are thinking of doing once everything is settled. Are they just going to distribute the cash and close the company. Will they look at a RTO or other investments in the same market.....this will all add value or take away.....
If so would that equate to a SP off 6p as someone quoted every 1m = 1p
So if you say there will be around £2m left in cash, one also have to take into account the tax rebate of £4m as that was not mentioned in the recent news....so could still be left with around £6m after all...not as much as everyone wanted for sure but at least a good start to a cash shell if that is the way they are looking.
The deal was actually $18.5m for Mtmy to purchase Rainmakers last 10%....but they agreed a discount to $13.5m which we know never happened....so if I was Rainmaker I wouldn’t be accepting anything less than the $13.5m that should be coming to me......that said it might be that even with only 10% of the company they still get their $13.5m and what ever is left afterwards goes to Mtmy, which goes to pay for everything else.....
Here's hoping for an afternoon bounce !!
So Mario is currently the CTO for team internet but also the MD of rainmaker. Wondering what his role will be in TI once it is sold....I think he hold the key to all of this.....
This isn’t sell on news, its the dump phase of another AIM dog
There is also a few Automatic trades going through today, at what to me looks like a buy price....but I might be wrong.....
So some institution is either buying or selling, sure we will know at some stage with holders rns...
How the Israeli market react to London as they had this news yesterday and it didn’t move......
Not great reading, looks like the aim is to pay back to bond holders, not get the best deal for shareholders. Sold the last bit of my holding first thing this morning due to this, although there is still a glimmer of hope, I’m not convinced.
Could an rto be on the cards after this blows over?
If you take a look at the interim report they expect cash reserves of 3.9M at the end of September.
They have stated this deal will be sale of TI shares plus cash,so presumably if this does execute the value of MTMY could well be
lower than £2M,.
All depends on how much cash is required to fulfill BH obligations
Typical, you wait for the positive news yet still drops.....giving up on AIM.
The sale of TI and the cash in the bank will allow bond holders to be paid and debts settled. Which leaves pretty much nothing left.
It's all there in black and white.
Typical sell on news, also after Friday's rise it's still up. I'm sure this will rise again shortly