Suspension...Dear oh dear25 May 2017 01:18
"Iain Ross, recently appointed Chairman of the Company commented:
The timing of this action by LCC and its advisers FRP is extremely unfortunate and quite baffling considering our efforts to have face to face discussions, including earlier today, the immediate offer of a payment plan and our latest proposal to make an immediate £1million payment in return for a short grace period. The Board and its advisers felt consistently confident that we could have found the appropriate solution within a short period and can't quite fathom why a creditor with whom we have had a good relationship for over 5 years is taking such an aggressive stance when they know, and have been provided with the evidence, that the Company is making excellent progress on all fronts.
The Company, which now comprises 84 employees, has two incredibly important state of the art cancer programs, which will shortly commence clinical development in seriously ill patients and both these assets are attracting significant partnering interest from a number of large pharmaceutical companies. Despite this and our assurances to resolve the matter quickly, LCC has refused to meet with me or to have any direct discussion.
Further announcements will be made in due course."
http://www.investegate.co.uk/redx-pharma-plc/rns/statement-re--suspension/201705241835131689G/
Something dodgy and bordering on corrupt going on here maybe?