Member Info for George-Inn

Viveka, I honestly have no clue and would only be guessing. I am very disappointed in the board and leadership of this company, so don't be surprised if they don't continue to disappoint and perform foolishly with the remaining sale of this company and it's assets. They have little to any business acumen and will likely fall short of having any meaningful deals or protection for the small shareholder. We're at their mercy and just think how the parents feel with their kids lives in the balance. Our troubles are minimal compared to theirs.

They will sell for fractions of the true value as they see no way out of the pending class action law suits which will be all but certain.. their lack of management, poor decisions and arrogance got them into this position. The company's true value is something in the neighborhood of 100-200 million, but they will sell for far less as they want to complete the sale, distribute the funds, sell all physical assets and close the books on the whole mess and pay any remaining taxes by year end. These louses have but about 7 months to wrap this shambles up... What a damn disgrace and some should be doing time behind bars for their actions, lack of management and screwing all shareholders. They had better get as much cash as they can get to make up for some of the losses we'll be taking.

NICE You're exactly correct in your assessment of my projections. Old money projections etc... And to think 3 months ago having a couple of pints down the street here near the bridge and before COVID and this fiasco I was hoping for the children and the sufferers of the x201 program that something good would happen. I'd be like set me up with another pint of porter with me F&C's and dream of a nice payday. These louses have all bur screwed us and I'll be taking it personally. I have other investments and in due time they might come good and erase the expected losses here, time will tell.

Silver - With lawsuits coming I would put another damn pence in this POS as they can't seem to manage money at all so why give them more. they can't manage anything except misfortune at the hands of idiots. when the pending suits are filed their stupid righteous BOD and remaining management will hit the sell / panic button and take any offer or face default. the suits alone will costs plenty to arbitrate and they don't have money for lunch let alone arbitration and legal matters. My average is about like yours and if the x110 program even makes ago of it, 25-35p is all that you can expect i'm afraid.

Fjoe - Don't know what you call bad or at what point. But buddy this POS is about as bad as you get. the whole lot is down the drain and they got just enough money to get through the rest of this year on crackers and water. their only lifeline is x110 and some other company to throw them a bid to sell the lot or file for default. not to mention the barrage of class action lawsuits headed their way for gross negligence and mismanagement of the company and its coffers of cash. someone should being doing time for this sort of behavior... So how bad do we need to paint this for you there Joe?

NTMichu -Its all wishful thinking man. I could wish, hope and dream of a 25 bagger on this POS stock let's hope they get something right out of this mess and get x110 approved and save some children and ease some parents misery. if 110 can fetch 35-50 mil annually then we can settle on a 8-10 bagger and get it back to 18-20p and sell the lot to some company for pennies on the dollar and get us some money returned to us. finger crossed.

Fair Value in my opinion is $700m for the lot....that's all patents, real estate, commercial equipment and intellectual properties. What they will likely settle for is $100 - $300 million. That seems like a lot to some of you but when you calculate the value of the technologies and patents along with the time the patents exist and the value of 110 that's about right.

NTM - I'd agree with them odd's but also favor the leadership being truthful and providing honest and timely updates. These leaders and this board should have never IPO'd this company, it was derailed from the start with James at the helm and given the millions and millions and millions raised over the years these damn people couldn't deliver anything and kept leveraging the company over and over in more debt over time. This management had better find a buyer, and soon as the funds are burning daily, and there wont be anymore raises, loans or anything. This company is leveraged with debt, they owe the Spanish government loans back and cash fly's out of the coffers daily... They need to window dress this little bit intellectual property and patent book up to the hilt, find a damn buyer and get the shareholders some of their monies back that they've grossly mismanaged over the years. This is the absolute worst outcome and performance I've ever seen from a company. We can only hope for fractional returns to our investment, and even CMTS in china and blackrock and all the institutional investors will lose out. their best outcome is to find a buyer of the complete portfolio for $700m - $1.3b for the lot, sell it all and get the deal completed this tax year. Have Stephen to stick around until the legal matters and sell is complete and turn the lights out, close the doors and hope that's enough.

Niceto… I'm taking a fairly different approach and will say that the company will do what it has to do to dissolve and close the doors quicker than you'd think. They have cash for less than a year and they can't do any more raises and they don't have any potential partners. they've got real property to sell, IP and patents to window dress and they need to decrease their assets and taxes to make them attractive to buy. that lay off of 2/3 of the company came at a cost as they had to settle with them employees, but now the balance sheet is a bit stronger and they are a bit more attractive. now they only have 110 going for them and that at best is $50 million year so with the outstanding shares that might get you back to 50p if they even get FDA and EU approvals for NDA. They shuttered all hopes as a viable manufacturing company and stopped work on a 2 billion drug opportunity so guess whose celebrating? that's right the SLAR manufacturer in Switzerland. they can keep their customer base and continuing having that crappy solution bring in billions annually. this promising company is now a pipe dream and will soon be up in smoke and gone with countless class action suits in tow. just my two cents

Viveka I came to conclusion regarding the sale of the company this year as two primary reasons. Now that the share count has been slashed by twenty fold it makes a lot of sense as to how and price the value of the company regarding the outstanding shares. so how this relates to the intrinsic value of the company its "assets, patents, properties, and any intellectual properties this is likely why they still have Stamp in the drivers seat. He will have to continue to complete all of the regulatory requirements as an existing company. in addition he'll have to work with outside counsel and attorneys regarding the sale of the company plus there are the legal requirements such as shareholder notifications, board meeting minutes and voting rights. It just my personal opinion that because of all of these requirements that the company will be likely looking for a suitor to take over and buy the company and hopefully continue with the progress in the MTP110 program. finally they're running out of money and burning through it daily. they obviously can do another raise and they have but a few months to find a suitor, sell the company complete the sell, balance the books and close the doors and file their final year end taxes and dissolve the company. that's likely why Stamp is still around and as for how much they sell all of this valuable enterprise for? well that's anybody's guess but since they only have a few months of cash runway and likely an itch to close the books on this 7 year fiasco of non management, lack of abilities and disastrous outcome id think they'd want to have something in the order of pennies on the dollar and a suitor lined up by the summer as it will take a couple of more months to get the sale completed. Not to mention all of the forthcoming class action law suits coming their way which they have no funds to fight so those suits will have little merit if the company is sold or bankrupt. all just my opinion I base this solely on my own opinion and experience.

from SanMartin: And there you go that says it all..... It's my personal thoughts that a sale is pending of the whole lot and it's fractional to the actual book value. They'll have to sell this year to accomplish two major things..

Well that's the nail in the coffin folks. You've been about as molested, picked clean and lied to as ever. this consolidation of shares sham was nothing more than reducing the debt and window dressing for a quick sale and closure to a horrid attempt to create a viable company. There are those with the golden parachutes and there are literally many of us now busted and out tons of cash. I for one won't be taking it likely.

Viveka you posted " The silence from the company is deafening. I estimate they have gone through £90 million over the years, and for that they have achieved a market cap of £5 million. It's clear that some people should not run businesses"
This I would absolutely agree with and to further a point that I made and that is they additionally consolidated the heck out of the shares, with what is now apparent that there was no plan tied to the consolidation. Their lack of any communication only solidifies what I said about their inabilities to effectively communicate and this is Very disheartening.

Indeed it is and we could use it. Now four days reverse consolidation and a move from 45p down to 36p with no floor or support or RNS etc.. For you purist that's a (-) 20% move down on far fewer shares. See what I mean from my earlier posts that we no longer have the same value? the shares are trimmed by 20 fold and the then split price is reduced by 20% so this is a far worse picture than before the general meeting. Allas its near time for me to soon head out for them pints of porters at least the weather held a bit, as I see a ray of sunshine out there...GLTA, if you find some of that massive luck please send it along as we could all use it...

Agreed100% Michu and I agree it's awful already and at least a buyout is a possibility. But them patents had better sway the price tag. Anyway as awful as it is with no news, no floor and no direction. I can at least find me pub around the corner here near the George and relax with me pint of Porter and wish and hope for better days.. GLT you Michu we all know we need a bit of luck.

NicetoM, All of your scenarios are possible so is this one. Or they could possibly do a large fund raise at 20's pence and crush the current investor and dilute the share base alot more. Then not deliver any worthy news for months while it drifts back down to low teens or sub 10p and then offer up another consolidation in 2021 to eh'' I don't know maybe 10/1 at 1p then do it all over again, wash, rinse, repeat. I said that this consolidation of this week that its all fine as long as the s/p is supported by news and a floor. Now we're some >13% lower just three days later and 20x fewer shares well?. We need to see some consistent news, some real events and can't wait for the semi annual meeting and year end results. Want to see how they plan spin this one, and with no drugs to NDA or market, no floor to support the share price and no consistency of news. Say MICHU you say and I hope you're right that..... " If it can get MTD201 to market in some shape or form then 100p + ( new money ) could of course still happen here in the future imho" Well 100p is not nearly enough to even begin recovering the losses attributed here. We'd need to see a modest >500p to start to get some real interests and new money. Just saying that we need more exposure, more marketing and news, faster results, better planned testing and ramping. Yes I know things take time and money, okay we've given both and now it's time for them to reciprocate. Bring some good news to the common stockholders and some real promise that the corner is turned and FDA and others are ready to approve. Otherwise we'll be looking at 20's pence in the coming weeks.

Talk about poor timing, lack of news and missed opportunity in the US market. Look wasn't this consolidation of shares undertook in the first place and in order to allow for two things a raise in private equity in the states and to resolve the delisting under $1.00 issue? Well if you look at the mess over there this consolidation has addressed neither. First off the consolidation and reverse split over in the states occurred on Tuesday and since then the share price over there has plummeted more than 20% in two days. At this pace the share price will be back to under $1 in another week and will have lost 75% of its value and resulting in a R/S for the purpose of gaining nothing. Secondly let's bring up the private raise in the US eh". Well if you were going to offer a private raise it should have be tied to and offered at the same strike price as the R/S in my opinion. in other words our AIM consolidated shares were 45p just two days ago. State side there R/S of them deposit receipts was $2.70 so any private funding or raise should have naturally been at the split price or $2.70. But no the daily share price over there is now like $2.30 per ADR so them chaps have already lost >20% of there value in 2 days and nothing to support it. That Nazdaq market is peculiar I'll say that as it has no mercy for mismanagement. Secondly that loss window of two days of no private funding completion tells me that that the private raise will be much lower state side then the already lost of 20%, who knows maybe it's under $2 per ADR and that is doing nothing to support the share price for continued listing over there. It's like they split it with no plan and just hope it stays up, and history will tell you that's not the case. They've now has two splits stateside and still can't maintain to hold a listing at this rate. So the AIM seems to have at least held a much slower decline thank goodness. We're off the 45p and headed lower with no news, but at least we've not lost >20% in two days, not yet anyway. I just don't understand the timing over the stateside with the raise. Wouldn't one think that doing a raise at $2.70 would get the company more money???? Now if they raise even at the open today its looking under $2.29 and that's a huge loss and no, floor and less money for the coffers and trials with whatever the raise over there is going to be. Seems like the raise would have occurred like the same day as the split to settle a floor under this mess, alas maybe I'm too eager to see something go right for a change. But this seems like a missed opportunity to finalize a private raise stateside at a much higher margin a missed window no doubt and stateside just continues to slide further on no floor or news. Very odd action indeed...

Cold-b.... That sounds like a reasonable plan....

Rob I absolutely understand that. and equally understand that as it already begins to sink back down yet again on no support. that it does so at a pace of 20x faster than before. If no support then there will soon be far fewer worthless shares than before. I understand all to well, but thanks and good luck to you.

NicetM....That's all true for now, let's see how it holds up over the coming weeks and months. It's Tues and F&C's at me pub tonight at least a little somber for me sorrows and couple of pints of stout but mere hour away's.

NicetM listen I get your point and its valid, if we move up and on from here then consolidation makes no never mind, its just numbers. If we don't maintain 45p and drift lower and lower and lower on no news, support for the s/p or progress then value continues to be lost just like your shares dissipated earlier today. .