Member Info for HelloSanDiego

Yeah this is what I was thinking of. It's like what my neighbours decorate their doorstep with every year just before Diwali.

https://stock.adobe.com/uk/images/stock-photo-of-hindu-auspicious-symbol-called-swastika-or-swastik-made-using-marigold-flower-zendu-genda-phool-diwali-diya-clay-lamp-flower-rangoli-in-the-shape-of-swastika/170952687

https://www.skintrustclub.com/

That's a big improvement on the old site but isn't that logo used by another company? I definitely feel like I've seen it before somewhere.

Have you seen the website? Because up until last week they had "moistorizer" spelled wrong and even had the phrase "snake oil" in the intro text. That last part seems quite approriate, tbh.

"Skin Trust Club allows users to access genome sequencing to understand the unique characteristics of their skin and identify skincare products"

I hear snake oil is actually very good for the skin, fwiw. But only if it's perfectly sequenced to your genes. Hey I wonder if they could leverage this technology into breeding dinosaurs.

DavidLaw: "Why are you asking in this thread when you posted this earlier?"

David, when I asked around lunchtime I was under the impression we had originally been told to expect the results around Feb/March. The announcement was five months ago and since then I admit the date had slipped my mind.

That's when I looked back at the 24th September RNS and realized they were actually supposed to have been with us six weeks ago. Imho this is a far bigger issue than the Microsaic drama, so I was trying to ascertain why nobody else saw it as a big deal.

https://www.lse.co.uk/rns/SKIN/unveiling-of-new-breath-testdigl-health-platform-yb7wzek8xmg4f2u.html
September 24th 2020 - "Microtox BT has undergone extensive internal testing and will now transition to the University of Aberdeen containment level 3 laboratory, to undergo tests directly on the virus... Results are anticipated before the end of the year"

I don't spend as much time on this board as many of you so maybe I've missed something. But Microtox BT was the product that saw the share price rise from its current level up to 70p, then back down again during the official presentation.

Did I miss the results, or have they been delayed?

Newuncle - "Too early to assume anything as testing not completed."

We're assuming the breathalyser device has a good chance of working though, obviously.

So the lack of information about what happens next is a little worrying when you look at:
1) just how much communication there is from the company every single day, and
2) just how willing the CEO is to engage with shareholders about what 'might' be around the corner at any given time

Have we even had any news lately on when the trial results are expected?

If it's successful, when is the product expected to ship? How many units in the first 12 months? Have any major buyers expressed an interest? Is it realistic for DVRG to expect to handle worldwide manufacturing and distribution? If not, has there been any talk of licensing deals or partnerships (beyond signing up for a cloud computing provider)?

The real concern is in the lack of updates on the breathalyser. That's what, not so long ago, took the share price to 3x where it is now.

If they're expecting to manufacture and sell millions of them this year, shouldn't production contracts be signed and pre-orders be flooding in?

Your guess is as good as ours. The outcomes range from losing all your money to making a lot of money, or anything in-between. When the company announces further details of the RTO, then we'll know more.

If the new company plans to raise funds as we've been told they do, I think they'll know better than to begin by screwing over existing shareholders.

It doesn't matter how good their product is if shareholders expect to lose anyway.

Here's a link for anyone struggling with the basics:

https://www.lse.co.uk/rns/MTFB/final-results-2pnrjnp3dpzs85q.html

September 1st 2021 RNS: "The Company has a net deferred tax asset of US $18 million..."

As I mentioned some time ago, it can only be used by a company in the biotech sector. So it's significant that the board told us some time ago that the takeover candidate is in that sector.

If there's an RTO, Motif will be working on new projects that the other company already has in development and they will probably move all their assets and technology into Motif in return for some shares. So there will probably be some consolidation and dilution, and Motif's name will change.

It looks like a copy/paste from AJ Bell about a corporate action outlining plans for the share consolidation. It says at the bottom it was updated today.

"for example - 100,000 shares at 0.5 p would become...."

If I've understood it correctly, the tax asset and public listing are worth around 3.5 times the market cap when they suspended. So that would put it at around 1.75p/share.

But it would take time and effort for the new company to redeem that, so it wouldn't be worth as much as that to them. Plus, Hercules has warrants over 25% of Motif for £1m and the value of Iclaprim is entirely unknown, so it's anybody's guess really. I think it's the market's reaction to the new company that will offer us the real potential for a decent return here. But that relies partly on us getting a good deal in the RTO.

Now you tell us.

Why didn't you say something sooner Bob?!

Monoclonal antibodies. So hot right now.

I knew I wouldn't be able to get on with anything else until I posted that, so there it is. Now I'm off for a cup of tea.

Roobler, the reply you posted from Walbrook last Wednesday makes it sound like they'll be asking for an extension and they think it's likely it will be granted. I don't know why tomorrow would be significant. An update could land any time between now and Friday.

Most of us know a discussion board is a dumb place to go looking for silence.

I think they would need to go to the regulator with some firm plans before the cancellation date if they're going to be granted an extension. So I'll be surprised if we don't hear something by the end of next week. Dunno though.

I said this yesterday; they would get paid even after the company delists. They don't need to drag it out right up to the deadline so that they can keep cashing their cheques. A person can still work for, and get paid by a private company. So that would mean there is another explanation for it taking this long, and there at least a couple of positive ones if you think about it.