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Started: ripley94, 20 Mar 2023 13:43
Last post: ripley94, 20 Mar 2023 13:43
This the last I can see .
Published 10 April, 2018 2:20 pm
Rupert Hargreaves
One ‘secret’ growth stock I’d buy alongside this FTSE 100 growth monster
Motif is a high risk, high reward secret growth stock and to reduce the risk of holding it in your portfolio, I would buy it alongside Shire (LSE: SHP).
This hidden growth stock is gearing up to become the next FTSE 100 (INDEXFTSE:UKX) growth champion.
When my Foolish colleague Kevin Godbold last covered Motif Bio (LSE: MTFB) at the end of last year he concluded that, after a recent fundraising supported by a specialist pharmaceutical lender, the firm’s outlook had improved significantly.
Nearly four months on and it looks to me as if this assessment remains accurate.
About to pay off
Motif raised $20m in debt financing from Hercules Capital, a firm specialising in customised debt financing for companies in life sciences and technology-related markets, at the end of last year. This additional cash has helped the company push forward with the development of its flagship iclaprim treatment.
Iclaprim is designed to fill a gap in the traditional antibiotic market by providing a standard of care not currently available to patients who have other health issues, specifically, kidney problems. The size of the potential market for this treatment is growing as more and more people become exposed to issues that may impact kidney function, such as obesity and diabetes.
2018 and 2019 will be a transformational year as the company seeks to get this treatment approved for sale by the US Food and Drugs Administration. It has already met FDA standards in Phase 3 clinical trials conducted throughout 2017, so management is hopeful that it won’t be long before it can start booking revenue from sales.
However, the firm is facing the prospect of a cash crunch.
Motif is generating no revenue and lost a total of $44.8m last year. With cash and cash equivalents of $22.7m at the end of December 2017 (and $15m of the $20m drawn down from debt financing), the firm has less than six months of cash left before new funding is required.
Indeed, today’s full-year earnings release from the company states: “The Group will be required to raise additional capital within the next year.” Still, with Iclaprim on the verge of being approved by regulators, it looks as if the risk/reward is skewed in investors’ favour.
More predictable outlook
Motif is a high risk, high reward .
Last post: ripley94, 20 Mar 2023 13:25
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
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
Thanks Mark. And so it ends
doubt there were many expecting anything different.water under the bridge
Last post: Oldhack, 27 Feb 2023 15:27
Got the "This company is now worthles" mesage fom HL today.. I wonder if GL got one as wel!
Started: ISA-Investor, 16 Jan 2023 18:03
Last post: jam2morrow, 16 Jan 2023 23:00
Same @ISA......we haven't had an RNS so i wonder whats changed. Not a lot of use to me this tax year as i don't have any taxable gains that i can discount against MTFB. Does anybody know if we can use this 'deemed worthless' category in the next tax year/ future tax years ?
Just got the above title email in my inbox, referring to a corporate action, from ii.
Had forgotten all about this disaster!
Started: MrGraham, 3 Apr 2022 23:27
Last post: MrGraham, 3 Apr 2022 23:27
Mr Stephen Austin
Motif Bio Services
39 Temple Fortune Hill,
London,
United Kingdom,
NW11 7XP
Started: MrGraham, 3 Apr 2022 17:04
Last post: MrGraham, 3 Apr 2022 17:04
Stephen Austin
Motif Bio
LANGLEY HOUSE PARK ROAD
LONDON
ENGLAND
N2 8EY
Started: MrGraham, 2 Apr 2022 10:29
Last post: MrGraham, 2 Apr 2022 10:29
Now why would Mr Austin set up that company of the above name on the 18th February 2022 and the take over Motif Bio from Mr Gold and Me Lumsden?
Sounds like they will transfer Motif Bio into Motif Bio Services and therefore doesn’t look like Gold and Lumsden bankrupted the company so they can carry on with their greed escapades at the expense of shareholders as Directors
I would call Mr Austin at Plumtree and ask him for his plans if you care about your money and influence here
+4402071835860
Started: MrGraham, 1 Apr 2022 12:40
Last post: MrGraham, 1 Apr 2022 12:40
I see Mr Gold and Mr Lumsden have resigned from the 1st March (I guess taking a company off NASDAQ and bankrupting doesn’t look good on the CV) and have handed over to Stephen Austin (Investment Banker in the loosest sense) Plumtree Capital is the location of his main work and Sharon Cohen.
I see Stephen was also with Amphion Innovations so is well versed in Motifs catastrophic failure.
I guess this is a step away from the insolvency we all knew was coming.
Nice update from the two cowards. Never expected anything else to be honest
NO no no noooo....
we have it on good authority from Kettle & his Krew that this will rise ......
like a Phoenix from the Ashes !!
Just don't hold ya breath.....
;-)
Am I right in assuming that this Share is now DEAD? I was hoping that something was going to happen, but it doesn't seem likely now
Started: Magpies1862, 21 Jan 2022 23:56
Last post: Magpies1862, 21 Jan 2022 23:56
There will be some rocking going on in Heaven tonite !!!
Meatloaf & Steinman reunited.
R.I.P
(Rocking In Paradise)
.................................................................
..... https://youtu.be/NUcEVkfuZ9U .....
..... https://youtu.be/RTOtCoVqgbs .....
..... https://youtu.be/_wO8toxinoc .....
..... https://youtu.be/mVMD-cTs6kc .....
........................................................................
Thanks, I vaguely remember it being sold for $1 but couldn't remember who to.
Orange Avenue Technologies acquired it for $1.
https://www.lse.co.uk/rns/MTFB/update-re-motif-biosciences-inc-1vqmwksotj9bc02.html
Who actually owns the full rights to Iclaprim now, also how much would it sell for if bought by another company?
Started: Magpies1862, 9 Nov 2021 15:50
Last post: Magpies1862, 18 Jan 2022 00:57
Hi Gotty......
I'm always in a jovial mood, but alas no cash from me .....
we all have to learn that we must pay for our own mistakes...
but if you want to send me your bank details I'll pass them on to a nice chap in Nigeria who needs help in claiming an inheritance here in the UK and he will pay you a nice little commission ;-))
================
Anyway, "Happy Easter" and cheer up you old bugger, remember .....
'worse things happen at sea you know !!'
..... https://youtu.be/SJUhlRoBL8M ......
;-)
Magpies1862. While you are in such a jovial mood you might want to send me £7.5k,I will let you know my bank details.Were you a holder,if not forgive me if I don't send you seasons greetings.Gotmiester.
2nd floor... Hardware, Childrens Wear, Ladies Lingerie....
Going Dowwwowwowwowwwnnnnn...
..... https://youtu.be/h3Yrhv33Zb8 .....
;-)
More elevator music... ;-)
1) ..... https://youtu.be/inb1NxdoKNc .....
2) ..... https://youtu.be/2quc-iQ96R0?t=77 .....
3) ..... https://youtu.be/hjLruk4uZzQ ......
GLA
Started: jackdaw99, 12 Nov 2021 15:39
Last post: jackdaw99, 28 Nov 2021 16:50
Exactly, as I said "Profit ... we would now be seeing on our Bivictrix investment" but obviously not necessarily on our MTFB investment.
Jackdaw is clearly trying to make a point that taking the deal would have yielded a profit due to an increase in SP on BVX. But you know that already don't you?
I'm pointing out that it's a fallacy, as the deal on the table was so bad that it needs to 20bag to get close to break even. But again, you know that.
Not really any need for name calling there really is there?
Fine, I'll take your point that you found out about this share via the proposed deal and have made about 30% . Add in what's been lost on MTFB here and you'll be down still, as admitted by saying you are recovering your investment.
Point is, the implication by Jackdaw is that we would be in profit had we taken the deal, when the reality is we would still be very much down
Yes if does you rtard as without the deal that was proposed I would not have heard about BVX! SO thanks to the deal which you and others voted down I am well on my way to recovering my investment!
And I bought other completely unrelated shares and made money. Doesn't really have much to do with MTFB now does it?
Take your point that BVX is in profit for those that bought in when it listed, but Jackdaw is clearly posting in relation to the "what could have been" from MTFB.
I could post at how well VLS is doing lately. Not really relevant is it?
That would all depend SteJsteJ as some of us took positions in BVX after the deal didn't go through. Personally I took £5000 at 20p so am more than happy.
Last post: jackdaw99, 8 Nov 2021 13:38
... doing better today
Started: Magpies1862, 1 Nov 2021 15:10
Last post: Mark@1973, 3 Nov 2021 20:35
I’m not interested in joining any group if you have any success then great and good luck to you but for the avoidance of doubt ….
https://twitter.com/mark197315/status/1455996394796457984?s=21
Is there rollox!
Not at all,on proven shareholders forum there’s lots going on. Shame you cannot prove you own shares ! It really is.
Seems to have disappeared completely.....
Has he boiled dry and blown a fuse ??
Last post: Magpies1862, 24 Oct 2021 23:29
Well, whether he is or not he seems to have landed on his feet being as he is now President and CEO of Biomarck Pharmaceuticals !!!
As is always the case, the rich just get richer.....
What's he done now to upset you ??
Is graham lumsden a mad - anker,or is it just a rumour.could anyone who knows him enlighten me.
Started: Sharedealer2019, 15 Oct 2021 09:49
Last post: Sharedealer2019, 21 Oct 2021 10:32
Oh Novice.....one did that 2 days after....but some of us were lectured by the 'nudge nudge, wink wink' brigade for a while after the decision was made and were told 'They would sort it' am merely pointing out what a bunch of useless rtards they all are :) and how this has actually mirror'd exactly what they hated about the BOD.
Gooooooooo facebook team yay!
Bloody hell let it go guys, it was 15th June!! over 4 months ago, if you haven't made it up somewhere else already I suggest you get out of stock market trading sharpish ??
I'm perfectly happy with my decision and the resultant outcome. I too did my own research and didn't listen to the crowd.
My point was in relation to rooblertwo implying other areas had an agenda to encourage people to vote in the way they did.
SteJSteJ no one encouraged me to vote either way. Unlike most of the rtards on here I did my own research and didn't listen to the crowd! You only have yourself to blame for your decision. But this is the world we live in today where people do not take responsibilities for their actions.
Lets be fair, the BOD encouraged shareholders to vote no when they presented the ridiculous consolidation number compared to what they were going to get out of it.
Everything else was perfectly acceptable in the proposed deal.
Started: rodionx, 5 Oct 2021 12:46
Last post: Magpies1862, 16 Oct 2021 17:14
If you are resident in a foreign country then you will be subject to that country's own tax regulations & requirements......n'est-ce pas?
I'm not in UK, I think it is possible only for people with fiscal residence in UK, right?
@rodionx read thru the 'timelines' thread- it seems that it is possible to allocate negligible value to the company and so disposal is not necessary
someone have an idea when this company will be closed so that we can use the loss to save some taxes from capital gain?
Started: Magpies1862, 15 Oct 2021 01:29
Last post: Magpies1862, 15 Oct 2021 01:29
..... a little elevator music !!!
..... https://youtu.be/u1OMUpRRY0A .....
;-)
Started: jam2morrow, 4 Sep 2021 10:04
Last post: PrivateRyan, 26 Sep 2021 21:38
if you read the commentary above the list it says they do not have one for AIM stocks. Suggest you just lodge the claim in the cgt additional sheet to the tax return and in the comment box on the tax return say that company is insolvent and delisted or words to that effect.
Shame it failed but that s life .
Probably because there is nobody left in the business to do anything now the cash has run out.
Jam, try this for starters.
https://www.gov.uk/guidance/negligible-value-agreements#negligible-value-agreement-list-index
There is an NVA list but no sign of mtfb!
Thank u @PRyan, I will research that, it is new info for me.
jam it should be possible to make a negligible value claim for c g t purposes . an actual disposal is not required .
Started: Novicehunter, 10 Sep 2021 16:09
Last post: Kettle, 11 Sep 2021 17:04
I have nothing to add. Apart from mustard that is.
Kettle's getting our money back and, when it happens, I'm going to buy him some rosbif for Xmas.
Have I missed the bus, should I have met up with you lot somewhere ?
Disgruntled from Cheam !!!
Last post: jackdaw99, 4 Sep 2021 14:12
Anyhoooo .... I'm sure the Members-Only Group will have some good news for us soon.
SteJ....am guessing you were also one to vote against the deal?
Have another tip but this one ill share before it rockets - SNG but once again please do not bother to buy into it these are merely my thoughts.
Yes, if only we could all cash in on a post-hoc prediction.
Just looking at EVG
Advice was given on here at 10:56 SP approx 7.85
SP at approx 11:00 7.85. Not sure how that's 30%
SP now 7.22
I mean, it may come good, but your claims don't appear to hold up
Hi sharedealer. That’s for the (belated) tip. I tend not to take advice. Since the Valentine’s Day massacre and the ‘no deal’ fiasco I’ve heavily invested in ggp and an even more in my staple fund, Fundsmith. That’s all I hold at the moment. Oh and mtfb!
Started: rodionx, 1 Sep 2021 15:55
Last post: Magpies1862, 2 Sep 2021 14:32
Rodio.... £400 for something that's worth... errm, now lets just work that out.....
oh yes, exactly nowt, nada, zilch, sweet f.a., bugger all !!!!
What a bargain !!!!!
If you do manage that, then your next enterprise should be selling sand to arabs or snow to eskimos ;-)
Good Luck
Anyone want my 400.000 shares at 400£?
Otherwise I will ask to my broker to download the shares to zero so at least I recover 26% tax on other earnings!
Started: Novicehunter, 1 Sep 2021 14:44
Last post: Sharedealer2019, 1 Sep 2021 15:11
Novice that made me smile :)
if only they have of voted for it........in other news apparently turkeys are voting for Christmas this year....
But nothings happening here... (*l*)
Started: TheDolloo, 12 Aug 2021 08:32
Last post: TheDolloo, 15 Aug 2021 15:14
Magpie…last post was not meant for you…I didn’t read (your) posters’ name
You could have punted a bit more if you took the deal. Alas no
Dolly... Well your 51k is worth exactly the same as my 1mil... zilch, nada !!
Which also happens to be the amount of credence I place in anything that a certain water boiler posts !!! ;-)
There's no Phoenix rising from the ashes here....
So I've taken a punt on BVX to try to recoup some losses !!!
GLA
Lol.
I hold 51000 golden tickets. Just waiting for the board to come back to me begging to buy them off me. Shouldn’t be too long.