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Thankyou Ali Mortazavi - what a way to treat small shareholders! Interesting reasoning in the news release as to why they couldn’t garner any interest from UK funds - they’re missing the obvious reason that the. Individuals in charge of those funds are smart and know when a company has zero data and poor scientific leadership to back up waffle around AI! Also something very fishy with Mortazavi, Griffiths and Bretherton - appears the latter’s son is the CFO!! Show s what happens when a CEO has little experience of biology and biotech I guess
Speak to your broker and they should advise.
I sold yesterday at 11.22. Would have been better waiting for first thing today but that's hindsight for you
Any alternative to selling nyone
Fair enough, if that is what you believe.
I hope you and your fellow shareholders do go on to make sufficient gains from your investment here, to have justified the financial risks, time and additional hassle that comes with private company ownership in a non-leadership position.
If you are one of the big boys in this name, then it is more feasible of course, IMO.
The previous points I made are no less valid however, and ultimately I disagree with your opinion that this was the only way shareholders were going to make money here. Which is fine of course. All the best.
Because if share holders want to make money from this stock it’s the right thing for the company to do. I am a share holder.
Not bitter. Not a holder here, but sympathetic to those who are clearly not being treated as they should be.
And mindful of the potential macro fall out and consequences that this type of activity may lead to as well.
But to your point: anyone who does transfer from their ISA loses the tax wrapper benefits. As well as in most, or perhaps all cases here, presumably having to lock in a net loss too, which cannot even at least be offset against tax, in order to become a minor shareholder in a de-listed company, with far fewer protections and BOD obligations than is the (theoretical) case with a listed entity.
Amazing nonchalance in your comment, vitocorleone!
Why are you so bitter? Just hold it outside of an ISA.
Presumably the obvious names, at the expense of those whose hands are tied with the planned de-listing.
Not a good look IMO. Either for these outfits who are taking this path, nor for capitalism more generally, but there we go.
So what about people buying today in big amounta as per trades on this site
To add: you also cannot trade them in the same way as when they are listed of course, so I actually am not sure if they even would sit in your trading account.
Don't quote me, but I think they get transferred to a trading account from the ISA account that you hold instead. Not sure what happens if you only have an ISA account. Perhaps they post you physical share certificates like the old days?
But if I were in this position, I would contact my broker and accountant as a matter of urgency to clarify.
Worth looking into the nuts and bolts of being a shareholder in a private company, for those unfamiliar with the experience. It is not for everyone, but it can have advantages. As a main shareholder anyway. Cannot comment as to being a minority shareholder in such an entity. GLA.
So what happens if you dont sell- if this is true how can the company behave like this when so many wil have been holding in isa?
Same has happened with C4XD which I was invested in. Had high hopes for both. Sadly both have been consequences of the dire market but this also screws PIs. You can't hold non listed shares in your ISA so you have no option but to sell. Expect some SP volatility in the coming days
Yep. Any sympathy people might have had with some of the sentiments expressed about the declining power of the UK markets, will probably evaporate when they think about this a little more closely.
Does not matter if the raise announced today was at 20p from the current SP, for those shareholders that cannot continue on the de-listed journey, so I guess the SP will react according to how many people become forced sellers now.
I guess lots of nice, cheap shares for the favoured two shareholders? Disgusting, to my mind.
As LWH said they should have Alat least offered holders q buy back givenntheuve raised £28mln and ALREADY had £18mln !!
The 2 holders are behaving no better than Woodford did in the BBC enquiry pfnladylt year !!
And how can Micheal be Independent!!
This stinks
Michael Bretherton is a director of certain entities that are controlled undertakings of Richard Griffiths and he is not, therefore, deemed independent of the Richard Griffiths Subscription given his association with Richard Griffiths