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Quite. Even a moron can do maths!!
You tell us that now. Next you will be telling us amp are suspended on July 1st. What powers you have!
Abbas
You are new to this board but have called it absolutely right.
Have sold out for a pitiful 0.0155
Thank you and goodbye
Yep - reckless. If they had had the $3.5m promissary note to MTFB repaid instead of converted - would have been alright but ..
Having worked with both Morgan and Bertoldi for years, this all comes as no surprise. The eye-watering salaries and greed that seemed to take over at the company and Motif in the past few years, have left these clowns with fat pockets but no cash to save the companies in which we all believed and worked so hard and sacrificed so much to see succeed. A terrible shame that. There were decent, competent folks there, including Jon Gold-- who was disgracefully left holding the bag on the Motif collapse announcement-- and others...but IMO the staggering mismanagement, ludicrous salaries, and arrogance towards the investment community spelled doom for this company long ago. As Morgan was fond of saying (without any justification) "Well, that's how the game is played." Indeed. Game-- and I believe more importantly, reputation-- over...
Looks like AMP is toast. Maybe very soon, maybe Sept 30th, but can’t see any way out that keeps the company afloat. Even understanding lenders aren’t going to run with this imo. Great idea setting up small companies and getting them going but they’ve all taken too long. How long till Motif pulls it’s socks up again, 1 year? 2 years? Too long for Amp
Cause no one is selling. MTFB being fooked already factored in. All down to POLX 7 bagging before the creditors come again.
on the last collapsed this came down so badly .how come this time only (-5.17%).......?
exactly ivy.the lenders have no interest in AMPs future.they just want there money back sadly for AMP holders
Morning Jsm.
Think you have answered your own question.It is the lenders decision to sell rather than AMPs so they have adopted a safety first approach selling into the ore news rise on MTFB.
They are hedged to some extent if MTFB rises due to the agreement.
In summary it is about what the lender wants not AMP and no one knows what news wil come next week hopefully
I don't understand why they've sold these latest 2 tranches so close to re-defining news from MTFb. I know they had to sell down in March to satisfy the lender - so no choice. Next week there is a good chance that MTFB could at least double. OK, there is also a good chance they could halve or worse but then AMP would be toast.
To me, it seems that they have sold in May to hedge against bad MTFB outcome; but if it is a bad outcome, these latest sells are a drop in the ocean to what they have to pay back at the end of Sept. So what have they gained?
I've only been following for a year or so, but you have to wonder at the lenders who gave them the money in the first place - all very strange
Well MTFB rising nicely but no follow through interest here as yet
MTFB still going up
Good time 2 buy should see a rise in the next few days.
Keeping an eye on this too as if there is good news at MTFB this will rise rapidly
This is picking up a bit, I guess because Motif Bio rising?
Look like its going to tank to new lows.
0.23 visiting again
They didn't sell all of them did they? I hope not.
Obviously not 'in the loop' or just plain crazy, sell our shares 2 days before they spike up. Siuppose there was the risk FDA wouldn't meet
Indeed eviking :)
My believe is the fda will approve second time around. Long term hold for me even if it hurts right now.
another useful quote below
Think they have the partnerships in place but all depended on Approval to secure
best deal hence was a big shock to BOD.
Without knowledge of exactly what liabilities may be due it is hard to predict exactly how long the cash will last. Maybe they have to pay another PDUFA fee to FDA to resubmit( they had a waiver last time) I simply don’t know.
The cash burn of Salary and routine admin is relatively low hence why I am not unduly calling for salary sacrifice.etc.I am surprised by lack of contingency plan and not sorting funding out prior to CRL simply to keep options.
Also the timeline of FDA meeting is outside their control so for eg what happens if Trump causes another Govt
shutdown.
That is why I am reasonably confident they will raise before meeting