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The guy has lost the plot. Why would anyone agree to invest in the company at 40p when they can purchase on the open market for half the price.
This person is a complete fantasist at best. Schools are back tomorrow so I expect him to stop posting during school hours. Think it’s PE tomorrow then colouring in so hope he has a productive day. Perhaps he could post one of his colourings
You look back at Sajy’s past posts and he mentions about rumours circulating with other stocks, clearly trying to ramp the stock for his own agenda.
He also mentions countless times where he has been on a call with the company and received emails regarding sensitive information. Now I know senior management are showing complete incompetence in their running of Destiny but they aren’t stupid enough to put themselves at risk of a custodial sentence for a random guy on a chat board!
One is better off ignoring such posters, particularly when the stock is rising as they suck you in through FOMO.
It's so wrong for anyone to pretend they have received price sensitive info from the company and indeed illegal. Thankfully the majority of users on this board are savvy and can spot such lies a mile off.
GLAGLTH
Sajy is doing his utmost to ramp this stock as he bought in sub 50 but currently sitting on a loss, can read you a mile off.
Massive fantasist, nothing is going to be revealed soon as it’s all in your head. There’s a reason the price has plummeted and it doesn’t involve your made up fantasy
A buy-in at 50p? Equally optimistic!
Where on twitter? Send me a copy please…
Sajy I can’t believe you keep digging yourself a hole. You continue to act like you have a direct dial to the senior management and they are communicating inside information, you really need to grow up.
Did you even bother to read my post? It's not a fund raise, I am talking about the pharma partner investing in Dest as part of the licensing deal. Read my post below for more info.
A fund raise at 50p? Incredibly optimistic!
If they do that - happy days.
Let’s see.
I don't think it will be done at current price, don't forget discussions have been ongoing for a while now and share price was much higher. I think it could be around 40p, but would like it at 50p. At 50p that would be another 20 million shares issued to pharma and we would then be funded for several years.
Anyway all will be revealed soon.
The problem is that their appalling communication ( and i mean by that the very poor quality RNS’s that they have issued this year ) have totally undermined credibility and, therefore, the share price.
So let’s say you are right and this pharma takes a £10m equity stake. With a market cap of £18m that’s a dilutionary disaster for shareholders.
I really fear these guys are showing the sort of arrogance we have witnessed at Angle for anyone who has followed that disaster.
I don’t agree, I still have faith in the management. The problem is big pharma are playing hardball over the upfront payments. CT probably wants $15 to 20 million upfront and I reckon they are only being offered bout $5 million. CT knows xf73 will be massive and is not prepared to accept such a low offer and that is why it is taking so long. I think a compromise will be reached where we get about $5 million upfront and the pharma also invests $10 million in Dest, giving Dest $15 million. These are just my thoughts.
Sadly not.
I must admit i have called this wrong. I thought Rudd was still a serious person and would have a serious team. Seems i made a mistake.
The hopeless RNS’s earlier this year were a clear sign these guys were well out of their depth.
I have shared it with a few on twitter, if your on there get in touch.
Sajy - perhaps you could offer us a few headlines?
Re 75% required to delist, according to website major shareholders including directors have less than 40% so it would appear a major barrier.
Sajy
With respect, if you cannot stand the heat in the kitchen, then don't enter the kitchen.
GL
I have had a reply back from the company but won’t be posting it here as too many have a go idiots on here. If any of the genuine holders want a copy then let me know and ideally need to have an account on twitter as that would be easiest way for me to forward email.
Personally I wouldn't agree but may not stop them from trying.
When companies take a step like that they have the backing of most shareholders and if not accepted BOD can make things very dificult going forward.
Anyway, let's see what is going on.
Marc and why would 75% of shareholders agree to de-listing?
TIA
Hi again.
Yes the questions start at around 1 hr 56 mins and there were 3 from analysts in the room and 1 online question was referenced by the CMO. 2hr 5mins is when the Investor Meets member says that there are quite a few questions that have come in today from investors and we can show you those and we can publish your response later.
Incidentally the mini spat between the CMO and the CSO wasn't a very good look and it did not appear to best please Mr Tovey.
https://www.youtube.com/watch?v=c7CQ6qPXvBI
I am invested in both Destiny and Ondine.
There is regular and positive communication from Ondine, although a commercial breakthrough has yet to be achieved. A similar approach to the provision of information by Destiny would be helpful.