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Dnd, I think a key issue is where the ip is. If it is with valirx then I think this black cat thing isn't a problem. If the ip is not with valirx I think we might be in the realms of sounding out the sfo as it's hard to understand how the ip can be extracted from valirx in a way that doesn't look a bit iffy from a governance ponit of view.

Ah I see, I think I have just struggled to think of the relative sp performance of m&g and Pru in the right way. Thanks for the tip.

Oh that's interesting thanks. How did you make money on m&g? I had (still do) hold shares in Pru at the time. I thought the price for the m&g shares was 250. I didn't think it went above that price? Guess you must have timed it well!

I am wondering if its a good idea to invest here. I have £1,800 and that will get me 99 shares. I will get a div of about £20 which will be nice, but I don't know how this split will affect things. Is there a reason to think there will be a bounce? I assume we end up with with an equalvalint number of shares in the new company?

Sound advice sl100, this has been a day of emotion for sure., myself included.

I think this is a key reason why need need a common view on what we want to achieve if we use our collective voting power to take action against the BOD.

Hopefully a night's sleep will make for a better decision

I would say that if there are 1.536 Mill shares in issue and we can show we have at least 10% of the voting power the next step is to agree on our position.
Do we want to get rid of the BOD or do we want to pursue a different course?
Can we recommend an alternative director? Does anyone have a recommodatuon?

I have a tiny holding, so I don't think I have the requsite authority to speak for others (I probably lack the experience as well)
Once agreed I think we need to fire an email off to valirx

Aww pad I'm sorry. Your votes would take us a long way. I hope others will be willing to put their voting power to good use

OK so we need just over 15mill shares (votes) to start getting things off the ground.
I am for getting rid of the BOD. I have 2300 shares (at the moment)
Anyone else want to get rid of them?

It's a pain, but be grateful for small mercies. You resisted the temptation to average down and reduced your loses. Still galling though.

Bp82 we can vote out the BOD. I think we would usually have the opportunity at the agm, but I don't think there is reason why we can't do this at the egm.
The first thing will be for some shareholders to attend, make it clear that they will not vote the resolution offered ie the consolidation. The next thing is to establish the voting power of the attendees. Who do they represent, what is the argregate shareholding so we can show we have sufficient voting rights to matter.
The next issue is what do we want? Them gone or for them to put in and take pay cuts or something else?
We then demand a vote.
If anyone is attending the egm it would be better to establish where we stand, and then email valirx prior to the egm and set out our stall for a vote at the egm.

Moth, not far off the 99% club! If I sale the transaction fees means I lose more than the money I put in. That's why I don't bother to sale. I am better off if the company went bust.

To be fair it's not the consolidation that is the issue, it is further share issues resulting in further dilution that the consolidation will enable. No one is loosing out because of the consolation itself. The risk is upping your stake in light of dilutions. If we want to keep the company going I think our votes need to reflect that we want the BOD to put in and take pay cuts. However if anyone wanted to vote out the BOD you will get my vote.

Sure is a lot of pain on this board today. Bp82 if you do want to support the BOD I think you are right to expect them to put something meaningful in themselves, otherwise they continue to take us for mugs.

Gutted for you

I too think it's probably time to call time on this company or at least the BOD. I don't think there is a company here. I have been holding since 2012 and really is all been pretty much down hill. The last 4 years have been a joke with the increases that have happened the result of unexpected spiking in the sp. There hasn't been any interest in the compounds, there hasn't been any meaningful results to stimulate the required interest. As such I think putting more money in here is just a punt at this stage. I think a bet on the geegees would be an investment in comparison. Without any indication that a upward trend however how gradual can be achieved (let alone maintained) there really isn't a reason to put more money in here. We are all grown ups and make our own investment choices but I think putting more money in now only allows the BOD to exploit shareholders longer. Punts and long shots do occasionally pay off, so good luck to anyone still tempted to up their stake.

Looks like my average share price will be 11,111+ anyone think this can multi bag that much???! Its over 3 times the price of a dge share lol. Think I need a drink after working that out!

I was holding shares at the last consolidation which was also 125 to 1. So I will be consolidated (125 x 125 = 15, 625 to 1!. Anyone in the same boat I know your pain. The effect maybe reduced for those who have averaged down, but the downside is averaging down only increases your stake, Val is a world of pain! I am going to work out how many shares I will have. Might post my average price in case anyone whats to laugh their ass off.

Hi Pad, I think you are right, if gm and the BOD want to foster some good feeling, they have to be willing to share some pain.

Iceman, as the sp is below the nominal value and further funds can't be raised (I think barring consolation) it would seem the only way is up. The only issue is the spread which will likely consume the lion's share of your gain. A gamble too far for me, but good luck if you have a punt.

Think I should finish my coffee and wake up before reading posts on here, don't want to go off all half ****ed again lol