Member Info for Barry5

Utilisation of tax losses expected to be within the next three years, potentially saving £470m in corporation tax. Interesting

A hell of a lot better performance from Mitch (so far) but his responses to the questions will be key.

NewKOTB I think HBR are done with North sea and the UK. They said they would not be bidding for any of the new licences because of the Windfall taxes.

After today we can all vote as we see fit. HL has a Shareholders' meetings tab where shareholders can vote. Other platforms will have similar arrangements so there is no need to pool our resources - we just need to endure we all vote. Not voting or abstaining won't help.
Looking forward to the next hour or so. Mitch has a hell of a lot of work to do.
GLA

Thanks mikee, I hadn't noticed that before but have now cast my vote

I have just sent this to HL

"Hi, I have a total of xxxx shares in 4D Pharma (xxxx in my ISA & xxxx in my Fund/Share account).

As you will no doubt be aware, the company is currently in Administration and that there is a General meeting on 16 January to consider proposals for it to exit Administration. I was hoping that, by now, you would have consulted with shareholders as to how they would like to cast their vote and if you do not engage with shareholders to seek their voting intentions before 16 January, I request that you cast my votes as follows and confirm that my instructions have been followed:

Resolution 1 FOR
Resolution 2 FOR

Thank You & Kind Regards
Barry Addison"

Please feel free to copy wording if you wish to contact HL or, indeed, any other platform

From Serica
We want as many shareholders as possible to submit questions ahead of tomorrow's Investor Meets presentation at 2pm so though the deadline has passed, you can submit questions to questions@serica-energy.com - CEO Mitch Flegg looks forward to addressing as many of them as possible

The presentation will be interesting and vital to Mitch if he is to have any chance of getting PI support for the deal.

"Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation". Less than a couple of hours to prepare our pre-submitted questions, which will have more chance of being answered than those raised in the meeting

lastetasgrandes. Wind-up merchant. Bye

and as you will see from the Serica forum any approach now from KIDT will be much welcomed

When do schools re-open so that some of these kiddies can get back to classes and leave serious posters and investors to discuss in respectful terms the qualities or not of the company in which they hold (or may wish to hold) shares.

Sorry Quiet not Quite

There doesn't appear to be any interest from KIST PI's on the forum (apart from me). If they were enthusiastic surely some would have made some observations by now.

Maybe they think we've got what we deserve after the SQZ BOD blew them off.

INFOR re the tax loss note I mentioned this a few days ago (repeated below). It certainly does need a really full explanation to shareholders about how and when we could possibly use the tax losses.

""I've just posted a quote from Tailwind's Dec 21 accounts on Twitter that "£12.9m of tax losses cannot be classified as an asset as the company does not "consider it to be probable that future taxable profits will be available to be utilised against". We now have a total of £2.6B of them and they will take years to use unless, of course, Starmer steals them before they can be utilised!""

It's really impressive the way that shareholders have carried out due diligence on here in trying to understand the deal and the reasoning for our BOD to be supporting it. The fact that there is a Limited Liability Partnership at the top of the structure doesn't make it easy to find out who the members (partners) are or who has the ultimate controlling interest.

Interesting days ahead guys.

Would be great to see the company back on the market, albeit with existing shareholders heavily diluted but at least we'd be back and, since most of us would have written off our investment, it means we would start off 2023 showing a profit!

The other interesting is that we might find a bid materialising within a few months since the RNS indicated that there were potential bidders around who carried out "extensive due diligence and negotiation (including between the respective parties' legal advisers)" but "all of the bids were withdrawn due to a number of reasons including timing, strategic ?t and complexity of the transaction surrounding administration". It's the last few words that I found most interesting Once the dust has settled, who knows.

GLA and a very happy and (hopefully) Prosperous New Year

Sounds like a conspiracy theory to me NewKOTB but I like it.

In fact I like everybody who has conspiracy theories!

Thanks David. I always look at the TMS 12 to follow lists each year and was delighted to see HELD on there this time (plus a few others I hold as well). Just hope 2023 gives us some of the profits that were taken from us all in 2022.

GLA

Thanks for setting up the spreadsheet shakey as it really did help giving us a feel (and putting numbers) on the strength of opposition to the deal in its current form. Before it was hacked it looked like there was 2.6% against the deal which is a hell of a lot from one chat forum.

You'd think those who ruined it would have something better to do on Christmas Day!

It's a shame that we all have to keep talking about the tax losses. I've just posted a quote from Tailwind's Dec 21 accounts on Twitter that £12.9m of tax losses cannot be classified as an asset as the company does not "consider it to be probable that future taxable profits will be available to be utilised against". We now have a total of £2.6B of them and they will take years to use unless, of course, Starmer steals them before they can be utilised!

Tax losses should be considered to be the icing on the cake of a great deal not seemingly an integral part of it. The tax losses are certainly real as they are sourced to Tailwind's tax Filings so the debate is how long will it take to use them up coupled with how easy is it to use them when acquired by a larger company. Of course, tax experts will have been all over this as full due diligence would have been carried out on Tailwind so our own tax advisors will have examined those tax losses in considerable detail.

IMO this could and should have been discussed in the presentation by the CFO in some depth with more detail provided as to when and how the losses occured.

Last post before Christmas. Merry Christmas everyone on here and let's keep our fingers crossed that each of us gets the outcome we want. GLA

Nicely put Fool-On-The. Sorry about JKX. We would be putting a lot of faith in Mercuria and their (hopefully) good intentions if the deal went ahead. Mitch had a great opportunity to fully explain BOD's rationale at the Analysts' presentation but bumbled and mumbled erm, erm all the way through it. Slick it certainly was not.

The words (loosely quoted) that we didn't do a cash deal because Mercuria wouldn't do it will be etched on his Business Gravestone.