DDDD.L Share Chat (DDDD)

Just a 4 year wait for 30x6p (£1.80)

Now that's hopium :)

22nd May 2017 suspended at 32.4

6th Nov 2017 Open 18, high 28, close 18

Slow drop until April 2018 Low 3.4 then Sideways 4 - 18 until March 2020

March 2020 - Sept 2021 4 to 129

Thanks mikee, I hadn't noticed that before but have now cast my vote

The voting requirements for passing resolutions at general meetings are:

More than 50% (a simple majority) of those attending and entitled to vote, for ordinary resolutions.

A no vote does not count as a "for" vote, so important to get your votes in

I have voted under my H&L account. There is a "shareholders meeting" link at the right on your aco**** home page.

I have just sent this to HL

"Hi, I have a total of xxxx shares in 4D Pharma (xxxx in my ISA & xxxx in my Fund/Share account).

As you will no doubt be aware, the company is currently in Administration and that there is a General meeting on 16 January to consider proposals for it to exit Administration. I was hoping that, by now, you would have consulted with shareholders as to how they would like to cast their vote and if you do not engage with shareholders to seek their voting intentions before 16 January, I request that you cast my votes as follows and confirm that my instructions have been followed:

Resolution 1 FOR
Resolution 2 FOR

Thank You & Kind Regards
Barry Addison"

Please feel free to copy wording if you wish to contact HL or, indeed, any other platform

You have to remember that any vote not cast will be assumed to be an acceptance of the proposals! There’s no way this won’t be voted through- it?s just procedure!

or we get nothing. Looks like PIs own majority of shares, so your vote is critical

It hasn’t appeared in My shareholders meetings section of my homepage, that’s why I phoned them!
They couldn’t tell me why it wasn’t there!!!

HL don’t notify clients, while you logged in You’ll be able to vote by selecting shareholder meetings on the homepage.

I phoned H&L this morning as mine has not shown up in my account! They couldn't understand why and would ask IT but that could take a while!!!!
They excepted my vote over the phone.

II sent notifications a week ago. Suggest you contact Hargreaves immediately as the window is closing.

Did anyone with Hargreaves receive any notification about voting for this latest salvage attempt? As horrible as it all is, I guess 6p is better than 0p.

Hi agree to 1 and 2
I have 10 grand of shares at the delist price

Can anyone tell me how many shares will be in issue when we relist?

Why would any investor not want 4D to relist?

Not sure if links can be posted but anyway…

https://www.4dpharmaplc.com/application/files/1616/7240/4047/4D_Pharma_Form_of_Proxy_30-12-22.pdf

Don’t forget to cast your vote if you want 4D to relist. Most brokers are crap at letting you know, so best to ring them or see if you can download form. Not long before AGM.
Important to vote it through or we will seriously get nothing, even if this is a pittance.

I'm expecting 6-8p

I think if it opens above 6p we will be lucky….

Looks like huge dilution

I would underline Ferdinand's comments; as I read it, the initial debt to Oxford Finance has not been paid off, it has been bought out and extended by Armistice, it is still repayable, the net position has not changed, 4D shareholders simply owe it to someone else, now Armistice, an entity who will now hold millions of shares and/or options for the privilege; indeed Armistice has the right to ensure that up to 50% of the $15m capital raised is used to fund the repayment of the loan....and even if they do the outstanding 50% will still need repaying at some point. If Armistice insist on converting the warrants to do so, they will then become the de facto owner of 4D Pharma. To avoid this happening where does 4D pharma (with no income) get the capital to repay the outstanding loan or the interest on it (deferred until 31 March 2024)? It appears that we have simply pushed the Oxford Finance scenario further into the future and we will rely upon further capital raises before that date to satisfy our obligations or passing control to Armistice.

So let's make sure there is no "double counting" here. Armistice have not "invested " $30m for their warrants.

If I remember rightly, the loan amount doesn’t necessarily have to be turned into shares. I think 4D do have the option to pay off the loan amount though other means. This could be for instance a licensing deal or milestone payments from Merck. This would reduce the dilution considerably!

I’ve just re read the update Rns again and for what its worth I think it is exactly as R P Stock has suggested altho I’m no expert by any stretch but here’s my explanation as to why for anyone who is/was as confused as I was initially .
Firstly there is a new loan to replace the outstanding one to OF plus the additional subordinate loan which includes the additional funds being provided by DP /AS and armistice which effectively will be used to pay off all outstanding unsecured creditors and the administrators fees (I presume) with the option of then converting this debt pile into an equity stake at some future date , the grand total being somewhere in the region of circa 15 million .
On top of this , if the former is accepted by the shareholders at the vote , Armistice will then subscribe for a further £15 million by way of an equity subscription at 6p a share to provide the working capital facility the company needs over the next 12 months …to allow them to exit administration and the 2 sums combined (15+15=£30 mill ) will then equate to taking circa a 70% stake in the company once the loan is converted into equity .
In addition to the debt portion and the equity subscription ,my understanding is that Armistice will also have the further option of converting the multiple range of warrants they will be awarded as a result of the above arrangements being approved and that would enable them to further increase their total stake to up to an 87% max at a future date maybe ?
So as RP stock suggests it’s a 30 million input by Armistice for a 70% stake , which presumably values the company once the first 2 phases go thru at circa 43 million or thereabouts
Happy to be corrected as always but as I stated previously at least with this proposal we’ve got some hope, as opposed to having just Bob , even if the dilution is pretty dire
GLA

The warrants are priced at 8p and then 10p.