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check out aa negligible value cliam for cgt purposes.
What's more likely is that the shares will languish for a few years, until the directors are obliged, legally or otherwise, to declare them worthless. That's years down the line, and the only way to get any value from them now. RTO would have been the only way to get round this, at least you would have been able to sell the shares and declare the loss. Cutting one's nose off to spite one's face is the phrase, I believe.
I own up as well, my own mistake to be invested(?) here, I wrote off any value in this share a long time ago. The only thing that I saw as any benefit would be that I could use the loss to offset any capital gains made elsewhere. I guess that I cannot use the loss incurred as things stand, as the company is still in existence, even though it is no longer listed on AIM. Do I have this correct? I guess the only way to realise the loss will be if I am able to find a buyer on the proposed matched trading platform that may be set up in the future, to crystallize the loss.
Same to you, terrible end and totally unnecessary. I go back even further, when questions were raised in the p3 trials over liver toxicity prior to mtfb, why oh why was that not the first port of call to address, especially considering the trials were designed with the FDA.
It's a shame, in world where there has been chronic underinvestment in new antibiotics, and waining effectiveness of many of the current class, iclaprim would have been a useful addition. For whom? We don't actually know.
All the best for current and future Investments
The legacy of Motif Bio: Arrogance. Incompetence. Greed.
I take responsibility for my own misguided decision in investing here. However the attitude and approach of the company has been truly disdainful of its shareholders, perhaps the worst example of all on the cesspit that is AIM.
GLA, I sincerely hope that others who have also lost heavily here can somehow make it back with better companies than this one, having learned a painful lesson.
Those responsible for this utter disaster had better be looking over their shoulders for karma. This was supposed to be a so called 'retirement maker'. Well, it's had the opposite effect for many...