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Not sure what an RTO entails, but assume where our name and registration continues and the "other company" moves its assets into ours (maybe as a subsidiary). Our BoD then "walks", and their BoD takes over. The synergic effect will be to raise our sp, as the other company will hopefully bring cash as well as products to the table. I also think this deal may need to have a provisional announcement (4 weeks ahead?) before the completion announcement which (assuming they do not leave things until last minute) to me means this week or next for an RNS (avoiding Fridays if good news).
Seems to me that candidates have been whittled down to serious contenders.
They'd still be keeping it quiet if there wasn't provable knowledge out there somewhere now. Could be anything from meetings to gentlemen agreements.
Dyor.
BF you are probably the most arrogant distasteful unliveable poster I’ve come across in these boards and that is saying something!
If instead of trying to muddy the waters with utter cobblers YOU actually read what I posted you would have noticed I was agreeing with the essence of, if no deal it gets suspended but pointing out the fact that it was unlikely and posted a section from the most recent rns.
But no .... you have to post cobblers again as usual.
The rns from March said sufficient capital until May and no mention of ongoing negotiations but don’t let the truth get in the way eh?
That is the rns from today.
There you go Mark, you've confirmed in the RNS that you just posted from March that the news from today is no different really from the news today, good lad....
I put on the end of my post (if no ext) can you not read, or you failed to read because you quickly wanted to reply to my accurate post...
As previously disclosed, following the recent placing to raise gross proceeds of £650,000 the Company has sufficient working capital until February 2021 and the Directors remain focused on completing a RTO prior to that time.
Jonathan Gold, President and Chief Business Officer of Motif Bio, said: "Following the recent fundraise we are pleased to be in a position where we have several options to evaluate. We are currently working with our advisers to identify the most appropriate RTO candidate for the Company and look forward to providing our shareholders with further updates as appropriate."
If no deal and if no extension then yes they are suspended from trading and given another six month to get any deal over the line. But if you kept up with the workings of the London stock exchange you would know that in the circumstances we find ourselves in due to covid they are giving 6 month extensions.
Mr Nation. I think it’s almost certainly going to be.
It wouldn’t surprise me if your a 16 year old economics student who’s watched Wall Street too many times!
That last statement sheeesh.
It would not surprise me, if this is not suspended on the 28th of July for not doing a RTO if they don't raise funds again via another placing, edging towards 1 billion shares in issue......