Member Info for HedgeHogarth

Great deal for AO. If they get it right this will be a great asset and payback very quickly.

MMAG is a great business and I was in no doubt that it would find a buyer. Sadly, as a shareholder I was hoping for something at least double the current deal. Goes to show how tough the markets can be and hopefully this deal is the best one on the table across the whole breadth of stakeholders.

Good luck to the two entities going forward. At least I do not have to endure anymore tedious, trolling from Robswire who told us all that this was going bankrupt. I doubt he will show his face today in this forum

Apolgies swazers if i have misjudged you - good luck with the new venture

Just dipping my toe in here - not surprised to see the forum remains a sheeert show

I've read ONLY the three posts from 'swazers' and it's pretty clear to me that whoever is using that identity is NOT new to this forum. I won't single out any one previous identity - but the tone and construct is identitcal to a number of previous protagonist who have blighted this bulletin board and many others on the LSE site.

I'm off again now - I've got better things to do than read manipulative posts.

Rather amusing. Countdown...

:-)

Thanks guys - you know who you are.

For avoidance of doubt - there is absolutely nothing untoward, no ulterior motives here. Just an opportunities to come together as a group of patient, supportive private shareholders.

Another shout out to fellow MMAG shareholders

Drop me a line @ privatemusicmagpieshareholders@gmail.com

I've had several holders contact so far; community slowly growing and I already think taht between the group we have a not insignificant holding

Https://circularsummit.co.uk/CS2024/en/page/agenda

Upcoming event on the snecondary maekrt - some current and ex colleagues in attendance - looks like a decent event

Good evening Bulletin Board readers,

It is now 261 days since MusicMagpie signalled the start of the Offer Period - that's enough time to produce a human life.

We know that the Takeover Panel require the company to remain in the offer period based on multiple, ongoing conversations in respect of a change in ownership. Here's the statemnet from the most recent RNS:

"musicMagpie plc has been in an offer period since 27 November 2023 during which time various conversations have taken place with interested parties. Several discussions remain ongoing and as such the Company remains in an offer period. There can be no certainty that any offer for the Company will be made, nor as to the terms of any such offer. The Panel Executive has granted a dispensation from the requirements of Rule 2.4(a) and Rule 2.4(b) of the Takeover Code such that the Company is not required to identify any potential offeror with which the Company is in talks, or from which an approach has been received"

I'm keen to gauge what the private shareholder base looks like - I think it could be useful if we understood what this looks like and establish some contact; down the line, it may be in our interest to act as a collective group???

At the start of the Offer period the ownership structure was as follows and how that has changed : (based on publicly available data of holders with >1%)

Major Institutional Investors [43.4%] >>>>Reduced to>>>>> [21%]

MMAG Founders [13.3%] >>>>No Change>>>>> [13.3%]

MMAG Current Directors [12.3%] >>>>No Change>>>>> [12.3%]

MMAG Employee Trust [8.5%] >>>>No Change>>>>> [8.5%]

Other 22% >>>>Increased to>>>>> [55%] (+23% change)

We knw from the RNS that 6.1% sits with 2 major private shareholders (Hanson and Hargreaves); but that leaves almost 50% shares unaccounted for, of which 17% has been purchased during the Offer Period.

I have a small number of significant shareholders onboard already; I have set up an email address. I can assure you that all emails sent will be treated with absolute discretion. Nothing will be shared on here; communication will be via email.

This is not about price speculation; it's simply aboiut establishing a small group of genuine shareholders. No timewaters please.

Communication will be through this address: privatemusicmagpieshareholders@gmail.com

Today's RNS - it is great to know that Hemo are ready to share more on CBR - starts to become more real. It is an increasingly dangerous world out there - no guarantee that CBR will make it through trials but so important that it is a contender. I expect the military will be keeping a close eye on it

Hemogenyx Pharmaceuticals plc (LSE: HEMO), the clinical-stage biopharmaceutical group developing treatments for cancers and viral diseases, is pleased to announce its participation in the 6th Macrophage-Directed Therapies Summit ("Summit"), which will be held on October 1-3, 2024, in Boston, MA. The Company will present its work on its proprietary Chimeric Bait Receptor ("CBR") platform.

The Company's CBR platform is an advanced immunotherapy designed to program or redirect innate immune cells, such as macrophages, to eliminate specific types of cancer as well as combat infections from both existing and emerging viral threats. The Company's presentation at the Summit will focus on the use of the CBR platform for the treatment of rare cancers.

Dr. Vladislav Sandler, CEO & Co-Founder of Hemogenyx Pharmaceuticals, commented: "Our presentation at the Summit will provide the Company with an opportunity to further establish its unique position in the emerging field of myeloid cell therapies. It will also allow us to exchange ideas with like-minded cell therapy developers, potential collaborators, and investors."

There is a persistent negative angle to so many posts on here - its not a fair reflection in my opinion

MMAG is a decent compnay run by decent people - many of the shareholders have an affiliation to the company.I recognise that the strike price will not be anywhere near the price at which many of those holders hold as an average; i do not see insiders wanting to shaft shareholders, especiially the 9% employee holding

That's how many day's we have been in an offer period.

New Dawn, New Government....brighter days ahead?

I'm going to take a punt that a deal is announced before 250 (Pure guess - but an educated one given recent activity).

I plan to make one more top-up if we are still sub 10p at the end of July.

Would not surprise me to see another RNS in the coming days - today's 100k+ trade likely to be from one of thise stake building

It is starting to feel like we are on the final straight here - this business deserves a conclusion to the ownership piece so it can be freed from the distraction and constraints.

Robwire - I think we all know that your glass if half empty (bordering on empty). Not sure why you are still here? I cant beleive you are a shareholder with your peristent negative tone.

Increasing sales is not the only way of increaseing profit. Increasing gross margin %, reducing costs would also deliver the same result.

As I have said before, a private buyer will be more focussed on cashflow, EBITDA and growth opportunities.

Ignore them Saab - they dont listen. They just want to talk this down.

There are two covenants and both MMAG comfortable compliant with both.

LOL - Diamond said this was going bust years ago!

Business is stronger now than it was 12 months ago following the changes made

Hanson paid 9/10p - no way would someone like that invest without realistic expectations of a decent return.

The business has made a lot of changes to be resilient - the future will depend on the new ownership structure and their strategy. MMAG is a good business with the potential to perform well in a growing market.

10p is almost double what the some mugs will get when they sell today!

IMO - the price will be nearer 20p than 10p.

Perhaps you will have the courtesy of coming back here to comment on the day we all find out; I'll be here regardless of the outcome

MM - you'll miss out, JMO

Moniman

Nobody has gne anywhere.

Hargreaves still holding, Hanson still holding, Board and associates still hold 25-30% and c50% still with IIs

This just needs a little patience

Interim results may be a catalyst for a few to sell and I'm sure that wlll benefit those looking to get this on the cheap.

But 5p is cheap, 10p is cheap and 20p is cheap.

Lots of jokers on here today - not basing their comments on facts, just spouting pithy opinions

The business as I see it is currently on pause - it does not have thenecessary capital to address its challenges and thrive in what is a growing, buoyant market for second hand technology

The quicker the business changes hands and the new owners can inject capital, the quicker the business will see an improvement to it's numbers.

In terms of the change of hands; RNS clearly states:

"Several discussions remain ongoing and as such the Company remains in an offer period."

They have bought themselves time as they have pivoted their trading strategy from 'growth' to 'resilience'. From the RNS:

"Both leverage (being net debt to rolling EBITDA) and interest cover (being rolling EBITDA divided by net interest costs) are comfortably under the previously stated covenant limits of 2.5 times leverage and 4.0 times interest cover."