The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
As I have said, I know absolutely nothing about pharmaceutical investing.
I like the tangible output of mining and commodities and have worked in the industry, so it makes sense to me.
It seems to me though that a better cancer treatment for all the areas mentioned would be worth tens of billions globally (as well as help a lot of people)
Could it be ChemoSeed.... I have no idea
I'm going to vote yes, hope that the RTO succeeds, listen and learn when those more in the know about pharmaceuticals begin posting on the product and then decide when to sell or hold
Strong buying, FOMO and those not wanting to be out over a weekend could all have a dramatic effect today / tomorrow
Would rather see a slow steady increase with volume, but it could well jump
Agreed Doji.
The RTO should have stopped when no mining / commodity targets were suitable.
Keeping it going to where we are now enabled people / companies to extract a lot of AMCs cash.
Directors and the Nomad feathering their own nest under the deception that this was in the interest of shareholders
Turkeys voting for Christmas springs to mind
Vote no and there will be nothing. The company will delist, this bulletin board will close and for the next two years you'll stew in your mistake waiting for a big fat return of nothing from a BVI company.
Vote yes and there will be an opportunity to exit in the next few weeks, might even do OK with the selling restrictions and if pharma investors like it.
That's pretty much why i'm voting Yes schachmeister.
I can't comprehend where all the cash has gone whilst doing nothing. Am left with no doubt that there will be nothing left for shareholders should the company liquidate (Abortive RTO cost, RY 12 months notice period etc. etc.)
5 months ago $4.5m cash and an AIM listing. It seems that a ridiculous amount has been spent by AMC for this RTO.
Did anybody else notice our Nomad is receiving a finders fee! At least we know why AMC wasn't forced to adhere to its deadlines and an RTO has been found at any cost!
As discussions started in December, it must have been clear that there were no suitable RTOs 6 months ago.
With full finance sign off due by the end of the month, it would be odd to hold the investor presentation a couple of days prior to sign off.
Financial sign off by next Wednesday does tie in with TW's bearcast last week where he seemed to hint at sooner rather than later as well as mentioning that a negative poster would be toast in 2 weeks.
Exciting times
Agne,
The BOD have said they will liquidate the company if the RTO fails.
AMC had net assets of circa $4.5m Dec23, now £1.9m valuation in the RTO, there will be nothing left in 18 months when the process is finished.
I've decided to vote yes.
Not confident of getting any cash back from a AMC when delisted and a BVI shell.
It may turn out to be decent investment should interested in pharma stocks buy in
Strong buying all day, looking excellent for the next few days and weeks
Everybody is in the know that it is happening.... Except for a few posters here
For every seller there is a buyer,
The share price finishing up tells you all you need to know with respect to that large trade
Age,
Page 27 and many others talk about the potential for use
6. Market and comparators
Market
The target market for ChemoSeed is any solid tumour where surgical resection takes place, or there is ease
of local access. This includes brain tumours, pancreatic cancer, prostate cancer, bladder cancer, breast
cancer, liver cancer and lung cancer.
Ilovesushi,
TheChessMaster is Scachmeister and has been posting here for many years.
Age,
The value is not in using the delivery method to deliver treatment to the brain as the cases are far to few to make any money from.
The value is all the other parts of the body that it could be used.
From what I can see, going with the brain solution fast tracks the trial process.
(i know absolutely nothing about pharma and found yesterdays document really hard going)
Age,
I was not expecting a direct reply to my emails, however, i was hoping that they would cause the board to provide clarity should the RTO be rejected, of which they have stated they will wind the company up and distribute the remaining cash.
So i will now be asking about winding up timeframes, anticipated cost, RTO abortive cost and required staff to do so as there is the possibility that there will be nothing left should the process take 18 months.
My question to you is this, what have you done? What are you going to do with the shareholder action group? As i have not seen any pro-active ideas.
Personally, I think you should contact AMC & the Nomad stating that number of shares within your Action Group and that they will all be voting no due to how poor the deal is :
- Share % retained by AMC shareholders is too low.
- Total share issue authority is too high (19bn)
- If only 750k is required for trials (per linkedIn) what will other 1.3m be used for
Use the action group to get a better deal, I will add my 27m shares to support this.
Just 13 trading days to go
Am going to see if i can get a response to some questions prior to voting
AMC have been working on the RTO for two years and this is the best they could find !!!!!
Not only that, they have only been talking to this company since December and were therefore never going to complete by the originally given completion date so should have pulled the plug way back then.
The BOD have taken their full salaries, they have spent a rediculous amount on this and there appears to be abortive costs too.
Some serious questions need to be answered by the BOD and Nomad
Personally i view mining stocks who are exploring, awaiting licences and uneconomical at their current commodity price as high risk.
With TK financing all but approved, a supportive government, a strong commodity price and not a complex mine construction, KEFI for me is low / medium risk with enormous reward (and this is ignoring saudi)
If the sign off RNS were to land Monday morning there will still be posters saying HA will never get it done.
The end of May is obviously the deadline agreed by all parties to get financing resolved.
With the credit committee approval granted last week, the final signature could occur at at time
15 working days left :)