The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Cutting it a bit fine ?
4 days to go, will it be cheers or tears? Even an extension would have to be seen as good news, well better that a complete right off.
Do we know if this six month period could be extended? I guess if so a good reason would be required?
4d was suspended on 24 June, therefore they need to issue a statement by 24th December the latest regarding its position to remain or not on AIM.
by the 24th jan, it willhave been 6 months since suspension - the company must announce by then otherwise no relist.
Just in time for Christmas.
Thanks for that Leisurely.
I saw on Telegram there will be some update on or before 24th Jan. just fyi in case you hadn’t seen it.
Just popping in to see if anything interesting is going on
Ohhh wait I got to wait a little longer. ….
No worries catch up again sometime soon
For now back to waiting
See ya
I only hope 4D can pull a deal out of the hat and re-enlist. The Clovis deal should give us some hope.
I wonder what the BOD are up to these days.
MARKET PULSE at MSN dotcom
Clovis Oncology Inc. stock fell 10% in premarket trade Monday, after the biotech filed for Chapter 11 bankruptcy and said it would sell assets. The company has a commitment for up to $75 million in debtor-in-possession financing to provide the liquidity needed to restructure in bankruptcy and pay its vendors and customers. Before filing, the company entered a "stalking horse" agreement with Novartis AG to acquire the rights to its clinical candidate FAP-2286, for an upfront payment of $50 million and up to $333.75 million on achieving certain development and regulatory milestones. It will also get up to $297 million for reaching certain sales milestones. Clovis warned in November that it might be forced into bankruptcy as it was running out of cash.
I do hope "if" the company manages to relist with a refinance deal, there is also a longer term plan put in place from the start with how they wish to operate the company and progress pipeline going forward.
Clearly they can't do it alone or as previously done. The company cannot just have enough operational funds for 1 year again as this would show no lessons have been learnt.
Goodluck to all shareholders
It’s a strange one.
Being pessimistic, the longer it takes the more money the Administrators make.
However, something must be up for it to currently take 5 months, going on to 6 months. It would be good if it could get sorted before Christmas though. So I can then close down my HL account and move on from gambling with AIM shares!
I'd say the longer it takes the better, up to a point. If it was quick then it's a smash and grab get the money leave a dead carcass behind. And that collection of cash could have been achieved rapidly. Longer must mean that something more meaningful is going on, afterall what else could they be doing. But too long and any cash generated gets sucked up in fees. I think we're approaching too long personally.
Take us out of our misery
Some say the longer it takes the better in chances of 4d coming back
Some say it’s not looking good
All we know is …. NOTHING LOL
Likely to re-incarnate as 4D mk2 once the Administrators have pilfered all liquid assets.
@The-Hat - Well pointed out, I misread the RNS and it's just they have been published. Been a while since I've kept up with what's going on here!!
The results are known since Oct 2020.
Putting to one side the fact that we are in administration..... If these Blautix results had come though under more normal circumstances I'm sure the reaction would have been one of disappointment. While collecting positive data which indicates potential is very worthwhile in drug development, the results did not meet statistical significance.
Clinical benefit and indicators towards efficacy in secondary endpoints are important and provide valuable information, but if you miss your primary endpoint it has to go down as a miss. Maybe a slam dunk would have given us an asset to sell and get back in the game at some level but this isn't the one that's going to do it.
Good luck to everyone with your other investments as this one has to be chalked down as a (very in my case) expensive lesson. Rich
Good morning all long suffering DDDD holders
Is it me or does there seem to have been more RNS’ since suspension/administration than before!
Hopefully this whole debacle is concluded soon and we can finally know whether we get anything back or not.
GLA :)
Dont know whether to laugh or cry.
I suppose releasing trial updates might entice someone to bail us out and get us trading again?
I'd certainly agree with that.
Yes fair point mate , but I was in fact trying to say this company had all the makings of being something special and it’s just sad to see it , in the state it is at the moment .
"There’s nothing in that Rns today which doesn’t imply if this does not work out to be viable" - what ? So many negatives in there I'm not actually sure what you are saying ?!