Member Info for Antha

Still bitter about your loss here I take it.

I know, crazy wasn't it.

Very underhand using the SR to scare pi's into voting for dilution then after the yes vote the SR closes, maybe that was the whole point of it therefore the bod could well consider it a success.

One thing is for sure, if Slovenia is written off and Croatia is the next new project then consolidation and massive dilution is a near certainty.

Why anyone would ever believe anything said on twitter is beyond me and amazingly some pi's here actual fell for it.

EmeraldCarrots, that's pretty much exactly my thinking.

Run the company until the wells are uneconomical, shut them in, lay off all staff, then when all money is gone the CEO, Chairman and the new boy will leave for new jobs leaving just a company shell or administration. The 2022 concession will never be renewed with JL still as minister and both legal action and Croatia are financially no go's.

I really can't see any other alternative unless Colin pulls a rabbit out of the hat with some amazing deal, it's all very sad really as I remember fondly the optimism in Jan 2017 when the sp was shooting up to 3.6p, I put equal blame on the bod and Slovenian government for where AST is now.

I do hope people are not pinning their on hopes on what some random guy (who obviously has bought in recently) has said on Twitter, I would be more interested in what Colin says at the Q&A.

seer, "4. Is Invesco privy to secret commercial information from the BOD which caused it to sell so many shares"

There were load of sell's throughout Wednesday afternoon, too small for II's but I bet you anything that the family and friends of those in the know were told unless of course the CRL was communicated to MTFB just a few hours before the rns, which I find hard to believe.

I think what is really unfair with this whole debacle is that the posters who contributed the most to this board with all their excellent research and the early investors who believed in the company are the one's who will probably see the least financial benefit when the FDA approval is finally given.

Unfortunately it's now a trader paradise here but I guess that's AIM for you.

Jester, it's quite obvious what the situation is here.

Back in October the head of ARSO was finally on the brink of issuing the licences (it came that close) but because Colin, Sophie and a few others had that infamous meeting all of which went public, this then brought it to the attention of our dear friend JL (the tree hugger) who immediately put a stop to it and made the ARSO head walk.

Put simply, the licences will never be issued whilst JL is still the minister, he needs to be sacked in order for progress to be made. I also believe legal action will have no effect as Slovenia will just fight it until the end.

I think Croatia will be a non starter as no one will be prepared to fund it and certainly not pi's, remember 50M Euros was squandered in Slovenia getting just £2M earnings. AST's future is purely about getting the permits, nothing else matters.

If it is found to be only a labelling issue then what would be the timeline for final FDA approval, 3 months, 6 months, a year?

Of course the irony with the 90% drop, is if the II's had held their nerve and didn't sell then the drop would have been considerably less possibly no more than 50% (20p) with the company then worth £75M thus allowing the II's to remain invested and not breaching their own rules, all very strange.

Ivy, I concur with everything you said especially the reduced rewards.

As it stands, even if a full FDA approval was given tomorrow the sp would probably peak around the 40p-50p range whilst two days ago it would have gone 80p plus easy. However long term, I think true value will be realised with the right tie-in's and deals or possibly a T/O, it's just going to take longer getting there.

I agree that a fund raise is definitely needed at some point in the near future, the problem will be that no one will take up the PB offering (much worst than last time) leaving possible the only option left to the bod being death spiral, again it's all down to the permits.

Ironic, it does seem to be getting a lot worse recently with MTFB and GCM as prime examples of the amount of manipulation going on.

+1, I don't mind traders as long as they don't gloat about it, it's the dicks who say things like "here comes 11p" that need to learn some respect.

sheltie, you can only do the research on what information the company gives you, clearly they either haven't given the FDA the right data or enough of it, or it wasn't done in the PHASE trials in the first place.

there's no rns today clarifying the FDA decision and the remedies needed to get approval.

Don't worry I assume all the bears are still watching, waiting patiently for the next inevitable "amazing pre-ipo funding opportunity" then they will be back for more chat.

Ctag the gift that keeps giving.

This morning certainly did look like the Valentines Day massacre, still looking bad but getting better and hopefully should get to around the 20p range before the approval is given.

You really don't like the bod do you, were you once an employee and got fired?

I'm no expert but my take is that the FDA want more data on liver toxicity before they can approve, now the question is does Motif already have that data at hand in which case the approval could come quickly (less than six months) or do they need additional Phase 3 trials (one year plus)?

Motif need to issue a clarification RNS today to settle the market.