RE: Let's make a deal..8 Sep 2016 10:25
Cathal got asked pretty much this question near the end of the video link a few posts below. His response being along the lines of newsflow to start end of summer in order to keep strong newsflow momentum going. So we are reaching the sharp end now IMO.
Certainly I don’t think management were too bothered about initial SP movement in the first 3 months for a number of reasons.
Firstly the structure of the deal with the warrant holders always meant SP would be struggling initially, I think the boards number one aim was to get the Birken and Som takeovers successfully completed under the new company of Amryt publically listed on AIM. Once this was done, a huge first tick, enabled the platform to go ahead with their plan.
All the big holders are locked in for 18 months. These guys know the score and know the SP movement will come down the line when P3 trials start hence I don’t think they were too bothered seeing it slip in first month or two. There is a clear end game here in my opinion.
All the directors are concert parties with Birken shareholders as collectively hold over 30% limit hence cannot add any more at the moment even if they would like to.
You know as much as me but I think the quality of the BOD here along with their skin in the game mean they aren’t here just to play the typical game of sitting on their salaries whilst diluting SHs in to oblivion (which is what 90% on aim do).