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Agreed. Which is why I'm hoping to be shot down on my interpretation of things, as it is completely insane!
So if they are going to reduce your investment by 90% effectively on the 28th September. Wouldn't the sensible thing to do is sell now and buy back after the reorganisation.
Seems to me they're should be a stampede out the door to not lose 90% of your investment
Right. So, my reading of it is that they take your shares and split them in two - with one being valued at 0.1p, and the other being valued at 0.9p.
They then wave a magic wand and turn the value of your 0.9p share into nothing.
The company's share value is then 0.1p. Market cap has then gone from around £9m to £900k (which ties in with the blurb in resolution 10 about issuing up to 66% of the issued share capital, or around £600k).
By all means shoot me down in flames, but this is how I read it.
Is it likely that there would be any announcement that might impact on the share price before a vote on the resolution that values the shares at around 1p?
Well, lets hope we get positive phase 1 results before the vote
Yeah. I don't pretend to be an expert on this, but I've read the document several times now, and that's the conclusion I've reached. I'd welcome any contrary opinions.
in fact it looks as though they are taking 90% of the security,as the deferred share and making it worthless and just to add insult to injury you lose any voting right.
**** take comes to mind .😭🤣
Patient feel mislead by pledge of cannabis on NHS.
At least Oxford is going the right route here.
I think the problem here is getting the word out, once it comes available
They've basically taken 10% of the value of your security and issued a secondary share and they've made them shares valueless.
Subject to of course to the mandatory vote that shareholders agree.
Looks like they want to raise some money and instead of going the normal route of a offering and dilution they just reduce the value of your investment and take 10% of the value of the company to raise capital.
Bizarre but obviously they (management ) must have a huge amount of holding to not want to do a offering.
Risk is they could be a sell off that will really dent the SP .
Can someone explain, in simple terms, what the 'Capital Re-organisation' means to the average shareholder?
QUOTE>>>>>
Oxford Cannabinoid Tech Holdings Plc has announced details of a capital reorganisation, which means there is a proposed significant change to a company or groups structure.
Under the terms of the capital reorganisation, your account will be credited with 1 new ordinary share of GBP0.1 and 1 deferred share of GBP0.9, in exchange for each existing ordinary share of GBP1.00.
The deferred shares will have very limited rights and will be effectively valueless. As such they will not be credited to your account.
The subdivision is subject to shareholder approval at a meeting to be held on 28 September 2023.
To view the announcement in full
https://data.fca.org.uk/artefacts/NSM/Portal/NI-000082052/NI-000082052.pdf
END QUOTE
Time to starting getting a decent position. Phase 1 results very close. Expect 3p minimum on success
#OCTP 🧪💊🩺🧬🔬🌱
Oxford Cannabinoid Technologies
Medicinal cannabis company, developing products for areas such as irritable bowel syndrome and cancer induced pain, in a market worth $bn’s.
* Programme 1 medical trial results due imminently
* Company will be taking their findings to the FDA for further US approval
* Gearing up for new compound patent application that is believed to perform better than THC
* Already have an exclusive library of approx 14 cannabinoid patents with 500 derivatives
* Listed on both the LSE and OTC
* Main investors include Imperial Brands who own Blu vapes and Snoop Dogg through Casa Verde, who invest heavily in the cannabinoid sector
* New joiners to the company include:
- Dr Tim Corn as Chief medical officer (Ex Jazz and a cancer pain expert who has successfully developed and sold a number of listed companies); and
- Dr Paul Farquhar-Smith as External Advisor (leads the only cancer pain clinic in the UK, at the Royal Marsden, where Prince William is the President); and
- Rob Bennett as General Counsel (a firm background in high profile mergers and acquisitions).
Oh well. Was hoping yesterday there was some buying however that large sell seems to have put an end to that.
Not good, 2 million trade looks like a sell.
The bigger the trades, it hard to tell weather they are buys or sells.
Some reasonable buys today. Hoping for good result from phase 1. Not to long to wait now.
It better have be exciting, because it's my birthday this month.
Only 3 years off the big 60.
Could do with a luxury dinner, rather than living on beans on toast 🦞
More like a tree shake....september going to be exciting
Not gone down well with the markets so far.
I agree, my first thought was fund raise on it's way.
Let's hope the results are good from the clinical trials, that should help boost the share price.
As you say Nael, they could take on debt finance and that would be my preferred option as I think it would show confidence by them in taking it on and by which ever finance company to hand it out.
If they do go down the share dilution route, I only hope it will be offered to existing share holders too and not just institutional investors at mates rates, like so many other companies tend to do.
GLA. Keep the faith, this will be big one day.
IMHO, although the progress is as expected the market had marked down the share price due to perceived risk of requiring additional funding that involves share dilution. OCTP could simply take on debt finance.
The output of the phase 1 study by the end of September is what I think will move the share price meaningfully upwards again.
Full years results, 31st August.
Soon entering the last month of Q3. Not long to wait for results from Phase 1 trial.
When OCTP IPO’d they were very clear on time frames and that the company would need a few years to get on its feet. They never sold a dream of instant multibags. However, smart investors stuck around and used the dips to increase their position. It’s interesting all these people who are not invested have suddenly popped up as share experts. Just because the hare may be faster, doesn’t stop the tortoise from winning the race. I’ll happily wait years if it means I can mega bag, as opposed to have gains of a measly 35% 👌🏻
How you going to compare a company that's been around for longer than some of us have actually been around with a company that only just starting out ?!?!
Sure Apple didn't IPO and went vertical ever since then. What a load of 80110X
The whole objective in investing though is actually too get back more than you've invested.
While oxford no doubt is working hard on developing a product .
Reality is though if you've invested from ipo your down 80% .
You can spout all day long about a company's cutting edge technology etc etc .
The bottom line is your gambling on something that may never materialise and will continue to need fundung.
The money runs out in March.
If you'd invested at the same time as Oxford ipo'd
the over inflated Apple stock is up 35% since .
Well said @F458
I personally have no concerns with cash flow, as companies would love to get their hands on the exclusive patented licenses for medical grade cannabinoids.
The team have been working amazingly hard to establish top tier relationships with some of the best names in the industry. No way would Dr’s Paul and Tim put their names to this company, unless they were certain if it’s brilliance.
Everything Clarissa has said the company will do has been achieved and I have confidence that all future goals will be met.
Like you said, people have to do their own research but the doubters loss will be our gain 😁