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can I get rid of this from my trading account? My 144,310 shares are still showing in my trading account with a value of £432 but of course I can't sell them. When will the company be dissolved?
Hope everyone who has shares here is ok and has made some money back elsewhere.
Wookie.....
Have no fear, your shares should one day be worth £thousands [possibly £millions ;-)....]
We long suffering holders have it on good faith from Kettle & his Krew that they are best buddies with the 'Board' and , following in-depth discussions , we can all look forward to seeing Motif rise again, like the proverbial "Phoenix from the Ashes"..........
Just don't hold ya breath !!!
GLA
I would like to think there will be some form of closure in this tax year. It has been previously posted that these shares can be classed as negligable value for tax purposes.......but I didn't have taxable disposals last year to be able to confirm this
Anyone heard anything of late?
What is there to hear? The company has no assets/money, directors gone, it's just an empty shell company gathering dust for eternity.
What was the post below Mark? Doesn’t work now.
This.
https://twitter.com/mark197315/status/1576138488717934592?s=46&t=Aj3TC1Wm2u5Dff2VGaJ6DA
doubt there were many expecting anything different.water under the bridge
Thanks Mark. And so it ends
Thanks Mark. I guess you know that a new company has been set up? Motif Bio Services Ltd
https://find-and-update.company-information.service.gov.uk/company/13924547
The purpose of the company is seemingly to take on the remnants of 'the asset' that was rights to any income that may come from either a sale of Iclaprim or proceeds of sales of the drug that amount to anything above 'x' amount. Difficult to say what x might be as there are wolves asking for loans back. And no sight of any buyer or developer stepping in yet.
Last I heard is that they would do the right thing in distributing income rightfully to original shareholders should it ever happen. But I certainly wouldn't hold my breath. The problem is that we need a true representative of shareholders on the board of the new Services company to ensure that the ceo of the new outfit does not stray from legal boundaries. Which I fear, through lack of communication, may have already happened, even if inadvertently.
Just my understanding. Happy to be corrected if anyone has other info.
GS
I made three buys ( D ) April to May 2017.
Made a little back with a small trade Bursary 2019 .
Total loss around 260%
Wuckfit mine have been removed today ( D )
jam2morrow posted below 22/5/22
I would like to think there will be some form of closure in this tax year. It has been previously posted that these shares can be classed as negligable value for tax purposes.......but I didn't have taxable disposals last year to be able to confirm this.
I see the italian was also a holder .
Motif Bio: Lessons from a failed pharma
Catastrophic pharmaceutical failures can provide interesting entry points to investors who know how to trade them
June 16, 2021
By Michael Taylor
Motif Bio failed to get its novel antibiotic approved in the US leading to the eventual collapse of the company
Investors have voted to reject a reverse takeover that might have rescued the company, but given too much to the existing directors