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will this sink like a brick in the morning or have a climb for a time due to all the orders lined up
Jj:-))
Sounds good dead cat bounce for sure.
Lb28
Good info!!
the end of motif is only a curtain away.
LB28 are you invested/going to invest here?
Rns snip
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Share Price Information for Motif Bio (MTFB)
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Share Price:
1.378
Bid:
1.30
Ask:
1.20
Change:
1.1929 (644.46%)
Spread: -0.10 (-7.69%) Open: 0.196 High: 1.378 Low: 0.18 Yest. Close: 0.1851
MTFB Live PriceLast checked at 22:39:48
Corporate Update
Wed, 18th Mar 2020 07:00
RNS Number : 5384G
Motif Bio PLC
18 March 2020
Motif Bio plc
("Motif Bio" or the "Company")
Corporate Update
Motif Bio plc (AIM: MTFB), which has been reclassified as an AIM Rule 15 cash shell, provides an update on corporate developments.
As announced on 28 January 2020, Motif Inc. ceased all operations and engaged Tamarack Associates to facilitate the sale of iclaprim and other assets of Motif Inc. It remains the case that in spite of a comprehensive outreach programme, no transaction is currently pending for the sale of Motif Inc.'s assets and there can be no assurance that there will be a transaction to monetise the assets.
Following reclassification, the Company is required to make an acquisition which constitutes a reverse takeover under the AIM Rules by 28 July 2020, failing which the Company's ordinary shares would be suspended from trading on AIM pursuant to AIM Rule 40. The Company's admission to trading on AIM would then be cancelled six months from the date of suspension, should the reason for the suspension not have been rectified.
The Company's Directors remain focused on sourcing an appropriate reverse takeover candidate for Motif Bio and this search continues. At present, no assurances can be provided that the effort will be successful to source and/or complete a reverse takeover transaction. The Company's Directors will provide shareholders with further updates as appropriate.
The Company currently has sufficient working capital into May 2020. As such, the Directors continue to impose disciplined cost controls and the Company is maintaining very limited operations.
Regulatory NewsCorporate Update
Motif Bio plc
("Motif Bio" or the "Company")
Corporate Update
Motif Bio plc (AIM: MTFB), which has been reclassified as an AIM Rule 15 cash shell, provides an update on corporate developments.
As announced on 28 January 2020, Motif Inc. ceased all operations and engaged Tamarack Associates to facilitate the sale of iclaprim and other assets of Motif Inc. It remains the case that in spite of a comprehensive outreach programme, no transaction is currently pending for the sale of Motif Inc.'s assets and there can be no assurance that there will be a transaction to monetise the assets.
Following reclassification, the Company is required to make an acquisition which constitutes a reverse takeover under the AIM Rules by 28 July 2020, failing which the Company's ordinary shares would be suspended from trading on AIM pursuant to AIM Rule 40. The Company's admission to trading on AIM would then be cancelled six months from the date of suspension, should the reason for the suspension not have been rectified.
The Company's Directors remain focused on sourcing an appropriate reverse takeover candidate for Motif Bio and this search continues. At present, no assurances can be provided that the effort will be successful to source and/or complete a reverse takeover transaction. The Company's Directors will provide shareholders with further updates as appropriate.
The Company currently has sufficient working capital into May 2020. As such, the Directors continue to impose disciplined cost controls and the Company is maintaining very limited operations.
UOS is a prime example from a year last August, shot up a couple of hundred % after hours RNS that it was potentially getting in with some middle easter oil services company, even had the oblig “Billionaire” on board and it is still suspended!!!
Hope Motif has a good day tomorrow/weeks ahead :-)