CEO - This action by Nasdaq is not uncommon for publicly traded biopharmaceutical companies that have had clinical or regulatory setbacks that negatively impact stock price. Motif Bio is working diligently to regain compliance by creating additional shareholder value through advancing the development of iclaprim as well as strategic pipeline expansion as outlined in our previous communications."
Yes it was a strange uncrossing trade at 13p close yesterday and meant it was always going to open well down on true price which was at 11.75. Mms shaking out all the rainbow chasers. Big bounce will come to much going on to be this cheap. I’m actually hoping it drops a bit more tomorrow as looking to add some.
Agree mate, i think peeps may kick the self when cc out which cant be long now, wish i had free funds to buy more i really do.. might have to transfer some cash which i vowed I’d never do again but wsg surely are on the cusp of greatness lol
“Whilst formal contracts have not yet been finalised, the Scanport-Westminster partnership is the sole appointed contractor for scanning operations at the new port and has established a full scanning operation both at the primary scanning stations at the import and export gates and also secondary screening services at the intensive search area for physical inspections; in total employing around 50 personnel with another 124 applicants undertaking induction and x-ray training by Westminster specialists. The LoI is therefore being extended for a further period to allow for the definitive contract to be finalised with MPS.”
At the AGM held 18th June PI,s were told roughly 30-40 days. We are on the 17th July. Think i said in a previous post mid august is most likely so as to manage my own expectations. If its not sorted by mid sept I’d be unhappy - but too panic in mid July is just ludicrous, at least wait for the 40 day s before you throw your teddy out. Absolutely nothing has changed since you were ramping a week or so ago. The sp has fallen as CC are selling research has shown its because they are leaving aim. Nothing to to do with prospects here.
Some off your comments today are way off the mark. Premature is putting it politely. The doom mongers, vanders and foxy were always going to come out to play on an update rather than a signed deal.. watch when the price is rising we never see foxy et al in those periods.
U/T at 13p. Not sure why. Means it will open red tomorrow though. Sp right now is pretty irrelevant unless your trading or bought with credit - its where it is post sign off and onwards. All cc selling has done is flush out those short termers. Many with longer view have bought more today.
In the murky world of aim never say never Graham but i feel very unlikely. We will be training up local workers do carry out specific tasks. If we leave them to it there will be complete chaos - this is a huge modern port with no expense spared dealing with 1 - 2million containers per annum at fees of $40-$83 per unit scanned (dependant on size), so unless for some reason they are miles apart agreeing terms I’m sure its a done deal.
RE: The BOD make it up as they go along.17 Jul 2019 13:06
You have certainly changed stance from earlier this month Alan when you were very bullish. Is that solely on todays news that the contract is not yet finalised? Nothings changed, other than a lot more staff being trained up by wsg... 2000 containers scanned so far - on the soft start up etc etc... Impatience can be a killer on aim. Seen a few emails from PF today, i dont think there’s any concerns just impatient pi,s . It could still come any day, my timeframe was mid august. Maybe i should move that to late August but it could come any time. Legal documents can drag on a bit. Buying a house wouldn’t be done this fast.
Agreed wsg has been a serial let down but they have never come this far down the line. If they some how manage to screw this one up they need a new negotiator. Big game changer this and it will come. Cc selling has given an opp for those who want to build a stake imo.
I think the drop has more to do with CC selling? Plenty of Pi,s buying into the dip. They have held the price down selling 65 and until clear will continue but cant be a huge amount left.??
The update is no real surprise its Africa, MPS are negotiating many contracts around varies areas of the Port and certainly not just the scanning section. Good they are keeping us informed but anything less than the delivered deal will give the bears ammo and the nervous/cautious the sh1 ts
Well done to those who bought low 2,s fortune favours the brave. I think I need about an 8 bagger from here to break even. I ill take zaks 80p for a 1.5 bagger for me but not holding my breath just yet.