RE: Can TFG force minority shareholders to sell when they exceed 90% shareholding?27 Jan 2025 09:46
For the avoidance of doubt - and in case anyone still believes TFG/Synairgen might still be acting good faith - it was never intended that private investors would share in the P2 opportunity. We know that they were amazed that pis were willing to put up £2.3m - an amount which if they honoured, in the spirit of the offer - should have prevented de-listing. But of course, they didn't. They pretended to want our involvement and then set a ludicrously high bar for people who'd already been cleaned out - which was almost achieved. RM was as wrong in his assessment that pis no longer believed in the drug as he's been in every other judgment call he's made in the company's history except the decision to switch to C-19 trialing when the pandemic arrived.
It was window dressing - nothing more. TFG offered the money to progress the trial and was assured by Marsden that the OO would fail and it would receive all of the new 900m 2p shares and have the company - lock, stco and almost barrel.
Many of those who are now saying trust the company, and trust TFG are the same voices who promised us there was a non - dilutory alternative to the doomsday endgame we're faced with, that the cavalry would soon come riding over the hill.
Here's old Fruitsnveg - now mercifully hiding in his basement, along with his co apologist Tommy - deridingmy post from early December that said TFG was the only possible source of funding. Not hindsight. December 6th and a repeat of what I'd posted several times before
6th December
Docd " TFG must be the backer for the trial. SS saying that pharma will only get involved after seeing good data suggests strongly that they are not funding the P2. I said before that unless a pharma wanted it, TFG would be the only candidate to offer the additional £35-£50m to make good on its original holding. Presuming it has seen and likes the MV rationale and wants to get its money back. Not sure what the mechanism would be but there must be a way it can fund the trial without having to buy the company
Fruitsnveg "Lol .. I think there is greater chance of you waking up one day as the Christmas Fairy, than there is of TFG buying out the company to become a small scale Biotech company. Can you see Reade Griffith moving to Southampton Business Park with his clipboards and petri dishes? Nope. Me neither.