Phytopharm Share Price (PYM)

Any ideas/dates when this will be back up and running? Ta.

PK - our Co is basically now a cash shell with a (suspended)listing. It's now going to bring another private Co to the market under the name of our company and our listing. A deal is worked out depending what each party brings to the table. We bring our cash/assets/tax CREDIT for previous losses and a market listing - the other side bring the new (health care) revenue generating business - we don't know who it is. They only refer to it as "the target". The two sides look at the combined value and decide what % of shares in the new company we get and what % of shares the new party gets. The new party will get shares issued to make up their % (cos they don't have any shares!). Shares in PYM - essentially now a different company get un-suspended. The market/sentiment/PR will decide where the price starts from. The SP will rise or fall from there. Probably be uncertain for a while. You get no money unless you sell the shares when they get relisted. Lets hope it's a great business and lets hope we can strike a good deal! Would be disappointed if after relisting we don't get to maybe 4p+. But could be a lot higher, depending on the business and prospects. Here's hoping and lets hope they get the paperwork out soon and the vote over and done with. Good luck all.

Gerhart. Thanks for that but I am still not clear. Will the shares I own in PYM automatically transfer over to new company. Who is it and when. Or do I just get money Many thanks

PKelly all figures are now meaningless. PYM of old is dead. PYM anew will determine our price. I think the results out today, cash/asset wise, were slightly better than I anticipated. So should bode well for the comeback price. Though I don't suspect value will go straight back to where it was before the pre-trial failure "crash". But here's hoping the "target" is a good one.

Anyone logged into their share account today. My shares are valued at 0.7p at the minute although not showing this on here or anywhere else??

Shareholders will get a smaller slice of a bigger pie after Re listing. If directors are able to cut a good deal then the slice will certainly be worth a decent bit more than the value before suspension. But unlikely to be as big as the value before recent SP collapse due to trial failure. Fingers crossed. Interesting that they didn't hold this announcement back until figures this Thursday. Maybe that's when we will get more details. Fingers and legs crossed.