The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
The genuine Mystic Meg would have given us that advice yesterday ... ;-)
"What I still can't understand, is why hasn't the Astra Zeneca Jab been given FDA approval yet" What's the point - they have plenty of vaccines and not enough takers. Republicans encouraging other Republicans to be a dying breed! In better news I see Chile, and no doubt others soon, are giving AZ are a booster (third) shot after giving most of their population the (not so-effective) Sinovac version (around 60% effective depending on who you believe) - very little Delta in Chile thus far, so high population vaccination % plus boosters for >60's, then others, might finally be able to control this thing at some sort of low level. If Chile "experiment" is successful you can be sure others will follow... higher revenue for OXB. If one or two of their more adventurous therapies get close to market I see this going much higher and am holding some some time yet even though I am at a very tidy profit (around 4x) already.
Can you do the secret handshake?
I'm not a lawyer but, surely, if there are any votes that affect the future of any incipient company, wouldn't the Actual Shareholders Group be entitled and required to vote??
Is there any point to being that secretive??
And ... on the downside ... how does anyone know the SH Group is not being steered by bad actors - I know, I doubt it too but you just have to look at the sophistication of some of the financial scams out there and wonder.
I suspect what HSD is thinking is that how does a larger Shareholders Group affect any likely outcomes? If there is an outcome beneficial to both BoD and shareholders it is likely to happen however many people are in the SH Group - or am I being too simple?
"Watch out for the directors if they get positioned in any other companies and avoid those companies like the plague....................otherwise you know whats coming." Might be something this BB could do to stay useful?
Must admit I had not considered the possibility of re-listing until I received this email from my broker:
"Following a vote by Shareholders at the general meeting held on 14th June 2021, the proposals were not passed and will no longer proceed. Pursuant to Rule 15 of the AIM Rules, the Company’s shares have been cancelled from trading on the Alternative Investment Market with effect from 15th June 2021. Please note that the shares will remain in your portfolio until further notice as the shares may have some value in the future. The Company may relist on another stock exchange therefore you should continue to monitor this holding for updates. Should the shares be declared worthless, we will write to you to inform you of this."
950,000 to add here.
"FakeNews is terrible". True. It was better when we called it "lying".
Yes, it was all a bit childish. It may feel good to spite the directors but MTFB going to zero has now definitely cost me £35,000 and delayed the potential of a young British biotech. I'm not blaming anyone else on here for my losses .... well except perhaps that twat who assured us all that he knew the boss, that he was a good egg, and that we were 99% certain to get approval. DYO research etc and lesson learned but one of the big ones for me is NEVER listen to anyone who (claims to?) knows the directors - either they ARE a director or they are being manipulated as useful idiots. Oh well, on to something better.
Given that I suspect the RTO will go through, and that I need to see a price of over £6 on my consolidated stock to see a return to b/e, I've decided to continue the gamble by trying to buy 5-10,000 (hopefully at 20p or less) in the new co ASAP on listing. The scientific possibilities look promising and it could bag 5-10x at some point in the near future - not at all unknown in the bio area - and not bother taking up any warrants until we see where it's heading. If it looks good, then I have another the warrants to pile in but no point initially if I can get them at 20p.
Interesting but I don't have 60 years!
.. is to vote to let the deal go through and take legal action afterwards. Perhaps someone with deeper pockets than myself could seek counsel?
Post. Read the RNS.
"Motif Bio plc Announces Voluntary Delisting from the Nasdaq Capital Market
November 26, 2019 02:00 ET | Source: Motif Bio plc "
"It clearly states warrants are post consolidation". Thanks but we knew that,
"Does anybody know what we would achieve by voting against the RTO? " There have been suggestions. Better terms would be everyone's first choice I suppose - in particular, ditch the 1/220 dilution. Less important are the warrants as they assume we small folk have the cash to buy them! The risks are that the co-party walks away, does something else, and makes billions, causing us all the cry into our beer. Obviously we want all our lost money back but new shareholders regard us as having backed a loser and don't want such generous terms. For myself I feel that, given that we backed a loser, the 1/220 is still too severe and that 1/50 would have been an appropriate dilution giving both sides some satisfaction. Each to his own obviously.
"Those other deals must of been tossed in the" Thanks but we knew that.