We would love to hear your thoughts about our site and services, please take our survey 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.
Our Team(BOD) is like Accrington Stanley playing a Premier League team, when it comes to finance management.
DP and Co are way out of their depth..period
I would suggest that any bail out will also come at a cost for the current BoD
However the current board still have a hell of a lot of skin in the game to protect. I'm sure they will be happy to fall on their swords if it means saving and re listing the company
Porky... you expect professional footballers who've played for years at the highest level to know the basics when they run onto the pitch. Certainly expect them not to score own goals, maybe accidentally let one in (by mistake) but not a hat-trick.
On paper, 4D's BoD looked better than most. Unfortunately I see no reason why big pharma would invest with 4D's BoD now when they can for that same cash buy the entire company and put a competent CEO in charge.
@PhilGekko
I feel 100% exactly the same.
At the end of the day it doesn't matter how much research you do, if stuff is hidden behind the scenes what chance do you have. He specifically said in an interview he was renegotiating terms with OF little did we know he was actually in breach of the current terms and at that point they would have been notified. I would say that should class as a declarable event. Anyhow, we are where we are.
Situation looks bleak, i only hope that a deal with a Bio to take over the business and merge into an R&D division can happen and we as shareholders see at least some return of investment.
My loss here is currently about 160k and unfortunately half of that is in sodding ISA funds which means i can only offset half at best against capital gains.
Anyhow, see what happens from here.... miracles can happen....i live in hope
GLA
Virtually all uk mgt in this sector are morons. Here. Gdr, odx, avacta. I think Tiziana mgt were crooks. I lost money on all of them lol
Abdx seem to have been unlucky. Not bad mgt but their prospective business partners brought them down
If I understood the notes from the AGM earlier. A bit like me not paying my mortgage and using the premises as a KGB safe house... and being shocked that Barclays want their money back???
OF are a lender, not a benevolent fund. That Q&A session (and the consequent sell-off) showed OF that PIs have very little faith in the 4D leadership.
The level of incompetence is staggering. And not just of one man, but the BoD. To organise a Q&A so bad that your lender decides to pull the plug. And then you're shocked about it even though you've clearly breached terms.
I admit I considered this BoD WAY MORE clued in, based on their background and experience. Actually, on paper, they look decent. But the result of their actions is shocking.
Oh btw, Nasdaq money's been well invested. Why would anyone want to bail 4D now? When they can buy the whole thing for peanuts?
At least they had the nerv to come in person and talk to investors today. I respect that. Also want to believe something can happen here... but don't think we should have high hopes. Let's wait and see.