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Maybe so but without that charge they hold no security over any assets, warrants or no warrants.
You wouldn't give up a charge if you were owed money, that's your only security when you boil down the nuts and bolts.
Guys, just found ,
The terms of the Hercules Agreement are effective immediately, except for provisions of a release that relate to the pledge of Motif Bio's interest in Motif Inc. which will become effective no later than 10 May 2020, being approximately 100 days after Hercules's security interest in all of the intellectual property of Motif Inc. is perfected, provided that no voluntary or involuntary bankruptcy filing has occurred with respect to Motif Bio or Motif Inc.
Comments!
If you read the application pdf the 14 page one, (not that i have read every word) it looks like it is a document that has been signed of that they have paid the debt, but in those gazillion warrants they have given them....
Just got back from work, what have I missed :)?
That was a thumbs up by the way
Cheers Bobby ??
Apologies to Mark.....
Think he owes me an apology... Do you think I'll get one?
Thanks Mark
I don't post often because I can't add value normally.
Well today I have .
Gla
can't argue with that!
Check it out for yourself
Think the Action Fund business is a confirmed factor now. I hope buying hits now Monday will be great the box was opened yesterday and it’s a Pandora’s one ! Yippee
Think that comment is for yourself isn't it, handful of posts all very recent, and why has no one else got a fake alert.......
As Paddy McGuiness would say Bobby "It's time to reveal yourself" :o)
MarkRPT
I agree....not long to wait now until the mystery magicians final magic trick imho.
gla
Charge satisfied in FULL
Must have, they no longer have any fixed and floating charge over the adsets... They wouldn't leave the money in with no security
does this mean someone has paid off the 7m debt to hercules. Can only be great news if that's the case