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We are in the red to day as the markets dropped if you look at loac yesterday they dropped late on in the uk day but 4d stayed up at 149 the drop was telegraphed from about 3 pm yesterday
So we had a red day, as did the majority of the market today.
To anyone concerned about what is perceived to be a dilution, look at the bigger picture to understand who the funders are and what that funding will enable 4D to do: accelerate trials and product development, so we can grow into an absolute beast of a biotech co even sooner.
I wasn’t overly surprised nor concerned about this news or today’s dip, I see it as a defined path to accelerated growth and massive profits. Duncan Peyton is no fool and if you look at his track record, he he has history of delivering shareholder value.
I’m not a huge holder, I have 10,000 shares split 70/30 4D/LOAC and this feels like one of the best stocks I have ever held.
Have a great weekend people. Our rewards are ahead.
Thanks Craig. I understand the positives of listing on Nasdaq, I was just a but surprised about the dilution %. Appreciate your reply anyways.
Hi Phil
This was the statement from Duncan from the RNS On 22/10/20. "We expect that a NASDAQ Listing will allow 4D to capitalise on increased interest from US healthcare investors in recent years and provide access to a much larger pool of specialist capital, thereby increasing our global profile and exposure. NASDAQ is an attractive market for growing, innovative biotech companies. The Merger will accelerate and de-risk 4D's admission to NASDAQ, while providing immediate access to additional funds to support our pipeline."
It was my understanding that raising funds was one of the main reasons to list on the NASDAQ.
Regards
Craig
ignore the noise today market is on menstration. be sure within a short time frame this going to multibag. buy now before the yanks get in
"Application will be made to the London Stock Exchange for the Transaction Shares to be admitted to trading on AIM, whereupon the Consideration Shares will be deposited with the Depositary Bank which will issue a proportionate number of ADSs. The ADSs are expected to be admitted to trading on NASDAQ."
From what I can make of it - 31 million shares made up of 19.7 to NASDAQ in form of ADSs and remaining 11.3 million to AIM
Not including any warrants that can be exercised
I might be being a bit silly with this question BUT we as in 4d on aim is not technically getting diluted imo, it is all in relation to the nas listing and isnt technically a dilution as isnt listed there so it's a bit like a nas ipo isnt it?
In other words I dont see why it would affect the uk listing negatively?
It would only be if you had the loac shares as well that you maybe slightly concerned wouldnt it?
Strange there is no proactive interview with DP or something more from the company as a follow up to explain the dilution. After all my understanding is that we were not expecting this really... is that right or was I just misinformed ?
The issue possibly is that since the 90p days and the basic agreement, the SP has gone up significantly on no real news.
Profit takers are moving in ?
This is my largest holding by a good distance and being honest is concerning me as looks like 31m shares for $14.6m (less debt) which we always new about , 26.6m warrants for $29m (78p at .7164 exchange rate...why not at £1.10??) & upto an additional 65m shares (probably at £1.10 price) so in essence we could go from 131m shares to 253m shares for circa £102m at an effective price of 84p per share for the additional shares. I know we have a massive pipeline, are trading at a fraction of our peers and is expensive to run trials but this is potentially close to a 50% dilution in shares. I would genuinely be interested in people's views on this as I maybe missing something?
Nas listings don't always create positive outcomes but the dilution issue is.
Surely SPAC holders will just take the money ?
Not sure why the market is reacting this way... are they sandwiching bad news with Nasdaq listing approval update ?