DDDD.L Share Chat (DDDD)

Why has it taken the Adminsistrators until now to advise PI's and the market of a decision made on 31st January?
According to previous statements, it was reasonable to conclude Armistice ( who took over Oxford Finance) would have conducted full due diligence before agreeing the well documented funding in exchange for virtual total control of the Company.
Why did Armistice decide to keep SP and co on board once the agreement had been ratified and approval of the High Court? They (Armistice) would have known Peyton's shortcomings through the dealings with Oxford.
I smell a rat and would not be surprised that Armistice or it's "Friends" pick up the assets of value on the cheap.

Having virtually had the Last Rites, in June, ordinary PI's have been well and truly led up the garden path. In a word Screwed.

In hindsight - totally agree with that Utahsaints.

Pure research facility should be University funded - but I appreciate that UK Unis are underfunded themselves.

How much money has 4d made out of shareholders but was nowhere near to licencing.

A warning to others heavily invested in early stage research pharmas .

Hopefully karma will hunt the BOD down one by one.
Duncan Peyton hope you sleep well at night in Leeds.

Well that’s over 15k down the drain …… massive lessons learnt - let’s hope karma hurts them like it’s hurt us ….

One small comfort will be this being wiped from my screen! No more what if....its gone. My balance is what it is. I'll pay my bills this month, and I would hope most others can. Don't 'gamble' - thats what this is - what you can't lose...gla.

Next one to go will be val in next 22 months. The companies inflate their potential success intice staff to come on board with inflated salaries and they happy to do this for a few years and will get re employed by the majors at some stage. All the while raising finance by equity on aim with not even a slim chance of commercialisation. This companies should not be allowed on aim, they belong in universities or private companies as they are pure academic research. The final one will be sar but that will take longer to play out maybe 4 years. If you can't license then you don't have a business

It’s a pity but not a surprise.

Having lost £10k overall - I go away having learn’t a valuable lesson.

Never, ever trust what and BoD tell you.

Start up pharmas, without credible income streams, are very high risk companies to invest in.

This past year has re-taught me, that cash is king. I got distracted in my investment strategy by some high growth potential shares which i've been burnt by. DDDD, AGY, DNL, DVRG to name just a few. I'm fortunate that I didn't have large sums in any of these but I spread my portfolio too thin and didn't have the right focus on companies performance. There were enough red flags with DDDD with the cash burn and with the rising cost of capital it's become hard for growth companies to secure funding. A lesson learned

What's the point in not being calm... we have no influence, what will be will be. This happened in June, I was annoyed then that I didn't read the signs and sell early but there was logic behind the reasons for the drop that made sense at the time. And I though, as I assume others did, that there was potential.
A few weeks before I thought about writing to someone, I think I may have messaged one of the usual interviewers to 'have a word' should have said sod that I'm not their mentor, if I'm not happy with it then act without compassion. That's a lesson learned and that's all we can do.

Ditto that

So that’s it ! All over and we weep in our beer.
No point in chastising each other .. told you so etc … the only people to blame know who they are - may their souls burn in hell !!
Stay strong - be strong. Even if it hurts like hell.

VERY ANGRY INDEED WXNCERS

I'm surprised everyone is so calm in here. Hope everyone is ok...

All those involved in the demise, sleep well, a total waste of research.
As the old saying goes…be careful who you get into bed with……. :-(

have bled what little life blood was left. Dragged it out and fill their boots.

That said, it was the BoD that dropped the ball and opened the door to these blood suckers

Anyway, time to move on....

Not sure what I'm more disappointed with, the lost money or the wasted time.
GLA

@Obone
I was saying this on the VAL thread last week.
You can do so much DD but only based on what's in the public domain. If the CEO hides stuff from you or they keep you in the dark on key aspects its like investing with one hand tied behind your back.

Sometimes, its what they don't say that's more important than what they do. Penny shares remain high risk because of that.

Regarding 4D i do wonder what changed things last week. I wonder if Armistice thought they could pump 15m in and flip it quick to Biotech partners and cash out only to find the commercialisation of these drugs was still a few years off.

Bottom line is someone will pick these assets up from the liquidators on the cheap for sure whilst SH take a bath.

That's the way the cookie crumbles as they say...

It's pretty obvious what's gone of here. The creditors have refused to pay the huge fees being charged by Interpath.

Glad I only had £1500 in this and not as heavily invested as some other stocks.
If anyone wants to recoup some money check out Yu and GGP. Solid companies with good fundamentals imo. Yu (utilities company) has low free float with CEO heavily invested.
Dyor

Yeah Obone, AIM is a snakepit!
Better options out there - Money in Tesla for last month has doubled ?

I got hit but probably smaller than others as lesson I drew before in a previous farce was to spread my eggs widely.
Nevertheless I am still annoyed !
I probably would have sold when the dipstick CEO was almost in tears at his presentation a few days before plug pulled but I was on vacation and could not deal. So, angry I had seen the sign.
Makes me feel like withdrawing from shares especially AIM - too many snake oil salesmen, crooks and sometimes a few honest management.

Surely Interpath are culpable of witholding information which should have been put in th public domain on 31/1/2023
This all needs to be put in front of the Courts!

It is mate utterly shameful as we all probably suspected when it gets to the day or day b4 Dday and nothing has happened in respect of the supposed urgent court hearing , u have to fear something and sure enough it’s now been finally revealed despite them knowing since the 31/1

“On 31 January 2023, Armistice notified the Joint Administrators that, as the Company's secured creditor, it would no longer support the use of the Company's cash assets to progress work towards the Administration Exit and that the Equity Raise, being the principal funding under which the Administration Exit was to be funded, would no longer be provided”
An absolute sh@t show & to think that these wasters have been paid £650 an hour just about sums it up .

Been a painful one this for me & lessons harshly learned so good wishes to all in a similar position & hope u all overcome it in time .

I wont have to see these in my portfolio anymore and can officially right off 20k.......

An absolute sh*tshow. What was a viable business badly mismanaged. Like you, Patagucci, I've also lost on Synairgen, but didn't put that much in either them or 4D to be seriously damaged, but it still hurts!