Member Info for FreeTheCaterham7

i don't see any announcement or anything. They are owned by TFG .
Don't think there is anything to see here

"I don’t believe a full takeover will be on our BOD thoughts at all."

It may not be up to them.

@Hurtle "Better performing than the jab and much milder side effects !"

Drivel

They would be deemed to be acting in concert and therefore subject to the same rules as though they had bought the original stake at the original price

"it makes sense for them to average down "

The whole concept of averaging down is a bit of a red herring. If you are already a holder, buying more after a crash does indeed make your average in price lower, but if the share price falls again, it was a bad trade regardless of whether or not you have got your average down. Getting your average price down increases your position and if it goes wrong you are losing more money than you would have otherwise. Polygon aren't buying more at this level because they want to "average down", they are buying more at this level because they think they will be able to sell the cheap stock at a higher level. And if they are economically rational, their cost price should have no influence on their exit strategy.

"When they offered that for the company in 2015, was it on the basis of (1) or (2)?"

I've no idea. What trials had taken place at that time?

"I think any Pharma looking at the business, if the drug has potential, will look to offer a fair value."
They will look to pay as low a price as possible. Polygon will be looking to extract as high a price as possible.
If a Pharma think there is potential and that they could run better (resourced) trials they might be more inclined to bid up. If they think it's just a punt on a drug that has hinted at greatness, but so far failed to prove it, they will pay less.

I mean, Poly have bought at least 5% of the company since the Sprinter readout at levels around half the level you think is ludicrously low.

I appreciate that you said "if the data is half decent", but we have 3 months to go before we see A2P2 (I believe).

"So the idea that someone is going to try to buy this company for 50p IMHO is ludicrous if the data is half decent."
It's not that ludicrous that someone might try to buy it there. It's double the current share price. if anything, it's ludicrously high.
The question is, would anyone sell their holding at that level?

"The-Lockie - takeover rules mean they couldn't offer 30p:"
I think Manny and Lockie were talking about a bid from a big Pharma, not Polygon.
They could bid whatever they liked.
One think I’m still unsure about - my understanding has always been that if a holder triggers a compulsory bid by going over 30%, the minimum they could bid was the highest price that THEY had paid in the last 12 months, not the highest mark of the last 12 months. The rules as quoted on here seem mildly ambiguous. Anyone from corporate on here who can clarify?

Also, although I don’t know the rules, I would be very surprised if it’s possible to force a 29.9% holder to make a bid by buying back and cancelling stock to push them over 30%.

"what has to be done to get it moving"
It has to make some money

More sellers than buyers.

"Takeover Target Anyone???"
Lawrence
How do you think the major shareholders in HZM, who have just provided the finance for a long term investment, will respond to any takeover bid?

"Only hope now is Poly continue to buy at these low prices and force a low ball take over."
How would Poly force a takeover, at any level?

" that report was 04-07 assuming it is American style 4mins past 7 "

Whaaaa…?

I will get excited when we are actually there, not when we are nearly there.

This share has disappointed too many times. It will show sustainable strength once it has demonstrated sustainable profitability.

"Polygon are the entity responsible for reporting, not the share owner, I.e. they are the Broker"
Completely wrong.

"Polygon are the entity responsible for reporting, not the share owner, I.e. they are the Broker"
Completely wrong.

Good to see you here BJW. Onwards and upwards. More professional and better resourced investors than any of us see value in this around these levels. All is not lost.