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hedgehog nice to see an informed view instead of the delusional posts on here -fancy cutting off your nose to spite your face and losing a sliver of hope .
the tax losses wont be availble as all the companies have ceased to trade and for other reasons as you suggest . i said this ages ago and predicted the rto would happen but investors would not get much out of it . so did bobby f .we were abused but right. i cant believe the irrationality of the no vote. anyway back to my portfolio......
Bigmac…has already joined
https://
t.me/joincha
t/BcR0vdbcokllMTk0
Connect the above as one line to join….
Thanks Antha.
"We also need to figure out how we can sell or benefit from the US tax relief."
Robbertwo,
Not sure of the US rules, but in Britain the rules for quite a while have been tightened up.
My understanding is that tax losses can only be 'reused' if the existing board is the same, and the new business is the same type of business as the previous business.
And for small biotechs, profits are usually uncertain, and some way off if achieved at all.
Which means that any value from tax losses, even if allowed, is uncertain and some way off, so would have to be discounted massively.
This is why generally little or no value seems to be attributed to a shell's tax losses for a RTO.
Similarly, 'failed technology' such as a failed drug seems to sell for relatively negligible value compared to the amounts invested into it.
MTFB's main value was its listing which has now been lost.
In contrast MTFB's liabilities will have mounted up considerably.
Accrued deferred payments to directors, and aborted RTO costs, with no money now coming in from the RTO placing.
No listing means that there is little or no attraction for a RTO candidate, and in any case a RTO requires a lot of time and money to arrange.
In summary, administration looks like the overwhelmingly likely outcome here, and always did if the RTO was voted down.
There was never any chance of an alternative deal, not least because AIM time limits required an immediate delisting after the RTO .
Just email The amount of shares you have at this email address and wait for further notice,
Thanks
motifgroup@outlook.com
160,000 shares or do I?
Being somewhat new to the share game and reading all what’s been going on recently I voted No to all resolutions as from what I can make out most did the same, being ripped off…… comes to mind. Can someone explain what’s happening now, I can’t always check the chat constantly so often there is big gaps but I see people are emailing their shareholding? As far as I am aware I still hold 167,000 shares all doing? Any advice would be much appreciated
Ditto 1.7M
Sayfull here you are motifgroup@outlook.com
When I read about this individual, the phrase "Judas Goat" comes to mind. However, instead of being able to step aside and watch the slaughter, he seems to have given a wake-up call to a few shareholders with more fire in their bellies than he. My holding is tiny (55000) but you are welcome to it if you need it.
GLA curo.
Kettle, from other SHAG's generally a respected LTH agrees to be in charge, everyone emails in a screen shot of their holding obviously with personal details redacted, if the % threshold is reached then contact the broker to arrange an EGM with a number of pre-agreed resolutions with the first one to replace the entire board, the broker can help in finding a new bod.
Hi where do I email about my shares ,can anyone please let me know.
1m shares emailed
@hasiba,
I have just emailed my share details
We have to validate our shareholding’s at some point i assume how do we do that? I want to be prepared.
Ditto. 1.25M
600000
833,000, emailed thank you
300k here emailed
1.7m here , emailed
Just emailed. Am in for 825k (av price 5p unfortunately!).
Thanks very much for trying to organise sthg Hasiba.
Everybody let's stick together and see what can be done!
GL
One question that needs answering quickly and before the BOD can shaft us harder.
How much cash is left.
We need to ensure there is enough cash to keep the lights on whilst Orange Avenue can send some money our way.
We also need to figure out how we can sell or benefit from the US tax relief.
Maybe we can do some sort of merger with a private company that wants to expand into the US and also could help Orange Avenue.
Not much I can add or say. The RTO and any chance of us listing on an exchange is now gone. I spoke to a number of people today which I will not name on a public forum but we need to draw a line through that now.
What we can do going forward is understand the assets and what is happening with Orange Avenue. I am pretty certain there is more to that story than meets the eye.
I have sent my holdings to the email address.
It sounds like the action group has enough shareholders once validated to send a request for a general meeting with resolutions to the company.
We really need to set up a call / video call with investors beforehand to decide resolutions.
I would advise we try and appointment somebody on our side to be on the board and understand what is going on.
We now need to preserve cash otherwise the directors CAN force this into administration.
“The economic impact of antibiotic-resistant infections has been extensively documented; the estimated cost to the health care system in the United States has been placed at more than $8 billion [3]. Patients with resistant infections require longer hospital stays, more doctors’ visits, and lengthier recuperations and experience a higher incidence of long-term disability [4]. Considering these costs, the total economic burden has been estimated at $20 billion, plus $35 billion a year in lost productivity”
That is $55 billion per year in associated costs, in the US alone, so what does that value Iclaprim at on a global basis???
No brainer…EGM, vote off the board, replace the board, get orange to get their fingers out and appoint an experience lab/university to get this finished and approved!!
It’s late and I’m speed reading the article but will probably review it tomoz, but couldn’t help myself sharing this in support of the SAG.
Nite all x