Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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Roo.... and precisely what News is included in that post ????
........... or are we supposed to read between the lines !!!! :-))
Our shares were due to be consolidated by a ratio of 220:1 this evening @ 6.00 PM.
Didn't happen.
Dealing in the new shares was due to commence tomorrow.
Won't happen.
Total screw-up by our useless BoD. BiVictrix were foolish to trust them.
All LTH's walking tall right now.
Ouch
I was wondering if the outlets could pick up on it.
BOD and Candidate will not be happy.
Black mark against there name.
It’s been really interesting reading all the posts over this. I love and admire democracy in action, but as one Winston Churchill once said; “the twubble with democwacy is that one can nebber be certain of the outcome!”
I’ll be very surprised if the stock is not delisted tomorrow but some on here think there is a chance. We will see. If it is delisted that’s all the value gone.
Love and peace to all. Always stand up for what’s really important - such as your liberties.
Illegitimi non carborundum, my friends, Illegitimi non carborundum!
We voted for the RTO, we voted against the special resolutions.
This is something that can be revised.
They don't need to find a new candidate they need to tweak the special resolutions. That is completely in their power.
Yeah but won't the fca just turn round and say well shareholders voted no, so why should motif get an extension?
Don't get me wrong, I'd like revised terms and the extension (as I need to recoup), but what's the likelihood of this happening....
I’m sure the FCA can extend the deadline if it’s a matter of investors loosing 100% vs getting better terms which will take days to announce and two weeks to vote on.
Yeah but even if that was to happen, how can it if the company is delisted off the stock market?
Its interesting because it was a pretty limited deal for investors, and at the same time, the board want their payday.
So if they were to adjust resolutions more in favour of the shareholders, they can't really do much if the company is delisted tomorrow can they?
No one here is right or wrong….everyone voted on what he or she felt best for them..
We must respect both sides and not believe our opinion is better or vice versa..
I voted no to keep my dignity and ditched the breadcrumbs they threw at me…
Others might have voted with their different priorities on mind but that doesn’t mean anyone has to follow or agree with.
All over and let’s move forwards…if we can!
Given the greedy nature of the team be it Motif or the Candidate I don't think this is the end.
I personally think we will see a revised set of resolutions slightly more in favour of us shareholders
Why are not going to walk away from a free lunch no matter how big or small it is
As of right now they will just be paid for there time with ZERO bonus
Watch this space.
Rosienas please do not misrepresent or miss quote me, at no point did I say what you said! Think you will find all along I said ‘let’s wait and see what the deal is before we judge!’
Got a reply from Walbrook they said they are still the point of contact so I have asked what the general meeting process is etc
I suggest others chase as well
Look at the numbers.
All votes have 108M votes in favor except 3
Resolution 6 has 72M so 36M is missing
Resolution 7 has 92M so 16M is missing
Resolution 10 has 88M so there is a shortage of 20M
Two packages of votes (one 20M and one 16M) betrayed and then showed themselves to be counted
In 2 different resolutions
There was a betrayal, obviously it is not the retailers who have caused this since 99% of them have
Voted yes or no to all resolutions!
I would vote to get rid of existing BODS certainly. Rubbish!!
My view is the BODS selected a really bad candidate here....not even any near term cashflows from r&d assets.....rubbish and pants. They did not leverage the tax losses asset card at all and therefore gave away the Trump card for some value for us all. Plain and simple awful BOD group and utterly crap decision to proceed with this RTO offer in the first place!!
I’ve lost £8,500 but feels like it’s worth every penny to stick 2 fat fingers up at the greedy b******d pigs that have run Motif Bio into the ground from being a much hyped phase 3 trial company. I’ve been here for 5 years and learnt a lot in that time. Thankfully I did not have anywhere near all my eggs in the Motif basket and have recovered my losses and some from learning what I have. I’d like to thing ‘the scum’ will lose their homes now but sadly they won’t but their names are marked forever and this will stick to them like s**t on a blanket!!! And who wants a sh**y blanket!!!!!! GLA and may our future investments reward us well.
"FakeNews is terrible". True. It was better when we called it "lying".
if this bit of the RNS has been looked at properly
"It will not be possible for shareholders to trade their ordinary shares in the immediate short term following Cancellation. If the Company's financial position allows it to do so, the Board may consider implementing a Matched Bargain Facility in the future to give shareholders an opportunity to trade their ordinary shares following Cancellation. Further announcements will be made in due course. "
Seems to me that this is Plan B of the BOD to get our shares on the cheap.
Be aware if the company becomes a successful private company in the future then they will buy back the shares off you sometimes at a better price than the company market value...
I actually think things like LSE.co.uk and Twitter should be banned when it comes to equities
FakeNews is terrible
Yes happens only too often on Aim, any of you that were invested in YELL.COM , then thee BOD changed it to HIBU and said further down the line that there was NO shareholder value in the company, remember that one gents/ladies and all this has similar overtones....deja vous
Yes, it was all a bit childish. It may feel good to spite the directors but MTFB going to zero has now definitely cost me £35,000 and delayed the potential of a young British biotech. I'm not blaming anyone else on here for my losses .... well except perhaps that twat who assured us all that he knew the boss, that he was a good egg, and that we were 99% certain to get approval. DYO research etc and lesson learned but one of the big ones for me is NEVER listen to anyone who (claims to?) knows the directors - either they ARE a director or they are being manipulated as useful idiots. Oh well, on to something better.
FRR has been delisted for over 2 years and the BB is still going strong. As long as people keep posting LSE will keep this BB open.
Those Directors reputation will never recover from the distrust and disrespect shown to them by shareholders…they lost far more than money can buy…
At last someone else talking sense!
Hi all.
Shame this did not go thru. I think the target co had a great deal of potential and even my meagre holding may have ended up as something in, say, five years.
I know many of you are posting “is that it?” The answer is ‘yes’. Don’t expect anything other than a final announcement that there is no more value or cash and that the privately listed company will be liquidated. There won’t be anything for shareholders following that as liquidators somehow manage to match their very considerable fees to the dwindling assets almost exactly. ’m writing off this one and moving on.
All the best
Intrepid.