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Three days left!
Looks like c4x as bottomed..imo
let's see
It looks like a major shareholder does not wish to hold shares in a private company going forward. Should get an RNS for the large sales today .
Been trying to get an answer as to what may happen to anyone invested from next Wednesday onwards. Let’s say C4XD was a success moving forward privately, and in 5 years time the news bought out by a large company, are investors who bought before the Wednesday cut of rewarded in anyway as in payed out for being a investor when they was on the stock market? My real question is how would someone go about proving they are a stockholder in a private company, is share certificates given out? Even if that’s after they de list?
Clive chatting on R4 now.
RNS yesterday.
Clive Dix CEO .
Brought 485,320 shares yesterday at 10.3p
By my calculations RG increased his holding by 5.745716 million shares on thursday. Given the huge buying on Thursday over and above this figure I think someone else also acquired at least 1.5 million shares so could get another RNS of increased holdings.I wonder where all these shares came from as I don’t think retail investors will have sold that many !!!
Another co in same position is Redx that had fallen much more worth a look if your into this could have a move next week.
Not sure but maybe worth a look.
Yup - the 3.5m share clip on Thursday was him..
You didn't have to sell them. You chose to.
It does stink , I had to sell mine for a loss. Don't want to be in a non tradeable company. 🤢😩
Surprise Surprise !!! Richard Griffiths ups his holding. Share price driven down so major investors -insiders can pick up shares on the cheap .Whole thing stinks
Any of the existing major shareholders will have to notify via TR-1 if they increase/decrease.. i.e. Lombard Odier, Polar and Richard Griffiths. Some of the large trades today could be one of them... we'll find out tomorrow via RNS..
Also.. I wonder why Astra or Sanofi just don't buy the whole thing down here..
Don’t think so route-1. It’s always been a risk that exists and occasionally plays out. However, it’s arguably a greater risk now that Uk markets are such a tough market to raise capital on. I think it’ll will be remedied eventually
Just got this back from Brad Hoy CFO
Many thanks for your email.
As stated in the Circular to shareholders the board believes there is long-term value in the company and its shares and that private investment and valuation is the best way to achieve that for all shareholders.
It is unfortunate that those with tax incentives stand to lose them. It would appear subsequent UK governments created investment incentives on one hand whilst creating a regulatory environment that substantially reduced the amount of cash in play in the London equity markets with the other. Having spent over 25 years raising capital on the London markets I certainly hope this will be remedied in the very near future.
Please let me know if you think I can help in any other way.
I think the TR-1 major holding updates will be after it’s gone private but they probably won’t have to announce anything when it’s not a public company anymore. Not sure how it works
Is this the start of things to come where high net investors can align themselves with management and go down this road. now adds even more risk to investing ..Safer to put youre money in the bank.
Wonder if we’ll see any TR-1 major holding updates?
Huge buys going through at the moment. Presumably to make sure the vote goes through.
Yes, much more economical (for C4X) to do this & allow Polar, II’s etc to buy up PI shares at 7p than do a (fairer) premium tender offer at 12-15p.. then in a few months any remaining PI’s will one morning receive an email saying 750m new shares have been issued at 5p to a new VC and cornerstone investors (polar etc)… no chance to participate.. now 1bn shares free float and you have been diluted 4x
I’ve got to admit it’s a risk holding unlisted shares and the questions, (Why now? Will PIs be shafted via dilution?) are hard to ignore. Just can’t help feeling they’ve done it now because there is an exit around the corner and they are hoping PIs panic and dump the shares before they go unlisted so that others in the know can mop them up on the cheap, hence why I was considering buying. Very cynical thinking. If they drop to 5p or less I might have a punt but otherwise will probably leave this one alone.
No no - i’m firmly in the “shoulda woulda coulda camp” but tends to happen when a stock gaps down 50% .. fortunately I only had £10k in but still frustrating.. they have £20m cash so unsure why they chose now to dump the SP.. especially without a tender offer..
You seem very informed. I take it you’re no longer a shareholder as you wouldn’t want to be exposed to that.
Nope.. they'll just accept £25m from a new VC for half the business.. they may let existing II's participate on similar terms but PI's will not have an opportunity to participate..
Surely new IIs would replace existing IIs and if this amounted to a change in control of the company the minority shareholders could get same price on a non- discounted basis under drag & tag provisions assuming new articles provide for this. Let’s face it, until now it’s been ages since anyone got in at 8p a share and the existing II shareholders would want out at a better price than that, more reflective of the true value, which 8p a share isn’t, hence one of the stated reasons for delisting