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Selling?....No chance
It's a right-down loss
Does anyone know how we can sell these lame duck shares?
So what happened to my OXP shares? Is all my money gone?
Abaco Capital was returned to my account today, but there hasn't been further information on the OXP shares as far as I know.
anything about getting shot of these?
Just to say I have received my OXP shares into my HL account. No pricing obviously, lets hope we hear something more soon about how we offload these if/when we want too.
Thelix, re Halifax, I'm not sure how they can get away with that if you owned OXP stock. I believe the buck would lie with your broker more than the Co for that. The demerger is an odd one. At the time it was akin to holding up the white flag, and frankly the future for the OXP staple seemed (to me) quite bleak, and I for one saw positives in that they were at least safeguarding the cash and had perhaps more lucrative ideas in mind (perhaps with nudges from major shareholders in their ears). Then, the positive news came at the end of last month, and it began to look more promising for the old OXP portfolio. Will the end game be a buy out of the now private OPL at vast premiums down the line, without the burden of AIM costs (listing, NOMADS) etc to contend with during further development, and commercialisation / partnership endeavors? I don't know. OTs theory sounds very plausible, and could certainly be an option. Either way, new investors are now getting into a debt-free shell trading at a discount to cash, with a significant sum of capital to put to work. The majority of such vehicles trade at huge multiples to cash on AIM, and any sort of investment in a remotely "hot sector" could see this do multiples from current levels. And old OXP holders who believe in the story soon have shares in a private company developing the product portfolio away from the spotlight, with the upside potential of commercialising, being sold or re-listing at a later date for much more than the miniscule valuation it has been assigned at the demerger. IMO. GLA.
For long term holders here, all looked promising for oxp for so long but the BOD lack of communication with shareholders and the way they handled situations completely ruined confidence in the company
Halifax "regrettably" do not give out physical shares or matched shares so I have abaco in my account but no OPL's. So basically I have lost my holding in the OXPZero tech which looks like it may still be commerciable as FDA have allowed them another route to sale, but I have gained a holding in a cash shell which if it doesnt succeed after 6 months goes away. So basically I have lost everything I invested in OXP. Cool. And people here said the demerger was a good thing.
No worries OT, agreed with your thoughts on process. Re timelines, it can vary from company to company for receipt of shares. Just depends on level of organisation, speed at which the company collates all info from brokers and nominees to formulate the new shareholder register, and once that is determined, we should receive physical share certificates.
That's not it. The cash shell holds nothing bar the 19m cash and becomes a Rule 15 shell to deploy the cash into other opportunities, as the company has outlined, within the next 6 months. It is now known as Abaco Capital and has ZILCH to do with the old OXP now, bar its cash having been spun out into it. The majority of your prior OXP holding is now in Abaco Capital, ticker ABA, with 19m cash to deploy as discussed above. This will be liquid etc as per being a listed entity. The remnants of the old OXP asset base post demerger go into OPL, which you will receive shares in (physical that should be settled by your broker). It is a private company that accordingly you will be able to buy/sell only on matched settlement basis, as per standard private companies. This will continue all the work of the old OXP, and take with it 1.3m cash (and revenue generating from the chews as you mentioned).
I get it. The company is now a nonlisted private company making those chew vitamins and chugging along. We get a representative amount of shares from the OXP holdings that will be directly influenced or matching the capital/assets (19.3 mil £) which can be traded via a matched settlement facility. This cash shell holds all propriety and patented techs for OXPZero in the event it can launch them. In the meantime an RTO required within 6 months and if it doesnt it has a 6 month window on top to either return to market or be caput, or get an RTO in place. I still dont see how the demerger helps other than clawing back cash value matched settlement over market sentiment as thr mcap was lower than cash. Well the FDA seemed happy with another viable option so I assume OXPZero is still background wise being sorted but they need another vehicle to RTO to get out of muddy waters. Surely if more headway is made with FDA this can simply remerger and return? I am wondering if this is a stall tactic and is simply being exercised to cool off 12 months of market nonsense...
My OXP shares are nonexistent - I only hold OPL abaco capital shares. I am with Halifax and they do not allow trading off platform - even with a willing buyer! They simply do not support that service. Secondly the corporate action notice stated you can have a matched bargain settlement - so they "promise" to match its price based on OXP shares here? The RNS seemed quite simple - my account however shows a significant since the demerger and NO OXP shares. I am certain the RNS stated we get to have both... My account only has abaco shares...Other people seem to hold both entities -are there any other Halifax users here who could shed some light on this matter?
OldThor.. Nothing, they are completely separate entities, one listed (Abaco/ABA), one private. Now the corp action is executed, you hold two different things, and the sale of one does not impact your holding in the other.
That does assume either the company or other investor wants to buy your share however, otherwise you are stuck with them.
You get to keep a share of the Ltd company based on your original share of OXP. You can sell your share of the company, it's just a bit more complicated and relies on either the company or another shareholder wanting to buy then directly from you at an agreed price. There are plenty of guides online on how to go about this.
That sucks. I now only hold OPL shares -I thought this was being split? Also as OPL shares are not being listed they cannot be bought and sold etc. So basically, the fat lady has sang. The wording suggested as if we keep a % of shares based on the financial split of the companies total assetts.
Get corporate action notice? 20th today is when everything should be made effective and 29th the shares get listed. The OPL shares wont be listed on an exchange apparently?
fraid so...slow ain't the word for it...?
S'ok - the trade came through 5 minutes later...
Am i seeing that right?
Anyone
2.5m 2.5m 4.m yesterday, views please
So considering an RNS landed saying OXP (as it is currently known) can have a US OTC launch (the easiest and most profitable one) on a phase I trial the rise was tiny today. So. Why? Two options from where I can see. 1. Market will pick up over next few days. 2. So, this split - its solely due to launching being incapable (until todays RNS) and the plan is to have a ~20 mil cash shell and a pharma company with ~1 mil to launch a product. The issue here is a cash shell is worth...the cash...The pharma company with only 1 mil will be worth...3x cash - maybe 5 as it has "future capability" So we have 1.6p per share for the 20 mil and assuming same figures for OPL (which they said is the case) about 0.25p per share max totalling 1.85p. Now this was once worth north of �250 mil mcap as it had a lot of cash (25 mil) and a stream of lucrative pipeline products. The separation and cash shell was a strategy to recover losses of basically "no commercial capability". That commercial capability is back on the table and OXP/OPL need that cash to further that launch. They raised exactly that cash as they knew the cost to market this. So unless they cant backpedal we will have a company with a viable product strapped of the cash it needs, and a cash shell investing in some random company "preferably pharma as thats what the directorate know". I think that is the reason the SP hasnt lifted much.I hope they can backtrack the shell strategy.
Best to read Mon 27th's RNS, tells you what you need to know.