Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
It seems like something is going on, I agree.
BRAVE!!!!
AFTER you have voted....and assuming the answer is YES to both Options, then the Board decide. Sounds clear to me.
So it will be Option B....now there's a surprise....
Independent Directors...in conjunction with JD.....What a laugh!!!!!
Shareholders will be asked to approve both different options and, assuming shareholders do so, Superdry’s independent directors, in consultation with Julian Dunkerton and Peel Hunt (the Company’s financial advisers), will in due course (after shareholders have voted) choose the option to be adopted by Superdry.
Hmmmm...Maybe I'm wrong....But if the vote is YES to both Options...the Board decide....Am I reading this wrong?
The Equity Raise will be structured in one of two different ways. Shareholders will be asked to approve both different options and, assuming shareholders do so, Superdry’s independent directors, in consultation with Julian Dunkerton and Peel Hunt (the Company’s financial advisers), will in due course (after shareholders have voted) choose the option to be adopted by Superdry. The two different options are as follows:
Option A: an open offer at £0.01 per share to raise gross proceeds of the sterling equivalent of up to €8 million (the “Open Offer”); or
Option B: a placing at £0.05 per share to raise gross proceeds of £10 million (the “Placing”).
I don't think you get a choice of Option A or Option B......You have to vote "as a package".....and then the Board will decide which Option to take.......or am I wrong?
I don't think you can just vote for Option 1......Doesn´t the RNS say you vote....but the Board chooses to do Option 1 OR Option 2.......They will choose Option 2....
The next Superdry??
This was way overhyped on flotation. How can a single brand....although a good one....be worth about 6 billion at one point?
It's not just the market capitalisation...it´s the debts as well....unless you put it in Administration....Or am I wrong? Just asking.
....hung out to dry.....as in Superdry!
The brand is now DEAD after all this.
So...If I get this right....Shareholders have to vote on whether to give the Board 2 options......0.1p.....or 0.5p....but only JD will have the right to buy at 0.5p. But you don't know which way it will go. Which one will they choose? Not hard to guess. This has all been planned by JD and the Board all along.....I don't own shares...I did do, but sold a month ago.....but they should be investigated by whoever has the power to do so. Insider dealing definitely.
I guess he can take the loss after selling his vineyard.
I suppose he WAS a best mate of Dunkerton´s before all this....
As somebody said earlier...WAS worth 1.7 billion some time ago. What a destruction of value.
But I suppose my point is why does this surprise us - that is the very nature of fashion! It's one of several reasons I never invest in clothing brands or restaurant chains. These thing always and have always come and gone.
Spot on DamayHill.....That´s a sentence that is well worth remembering when investing.
Similar to FCUK....French Connection.
Had its moment of glory and then sank into oblivion.
Possibly...One would hope so.....