Member Info for jackdaw99

It's probably simpler to say the SP has to be £8.14 for you to break even? I agree - it's not likely on the face of it, but there may be something to salvage.

keepsim, yes. You can buy at 30p for 6 months so, if they go above 30p, you make a profit. If that happens after, say, two weeks on the market then you face the decision of whether to cash in at that time or hope that in the next 5.5 months they will go even higher - that will be the skill and the luck part! I assume they will go above 30p given the conditions of the RTO but no-one can make any solid predictions until we see the initial few weeks after open, and perhaps not even then. It's all a gamble.

Can you find, say, five examples where shareholder 'revolt', without the backing of the institutions, effected productive change? And by 'productive' I don't mean a total loss due to delisting? I'll wait as long as it takes.

No-one 'believes' that - but it is a remote possibility. If this deal doesn't go through we have zilch. It really is that simple but throw yourself at the ramparts if that makes you feel tough.

PS I should think your broker will do all the paperwork.

keepsim, You will have 382 new shares and entitlement to 191 warrants that you may choose to buy at 30p each. Your new shares, assuming 20p opening, will be worth about 77 quid, so you have, on paper, lost about £3300. If the fat lady eventually sings I sincerely hope you get it all back. If it looks like she is going to sing, buy the warrants, but certainly not immediately, as you have them at a fixed price for 6 months.

Realistic!

... won't be against because I'd rather have my reduced number of chips still on the great gambling table rather than no chips at all. Yes, the conditions for us are brutal but, if the new co targets leukaemia, perhaps it will pay off if you can stomach the usual biotech waiting time (2-5 years?) or they ramp up a spectacular opening - which does happen if the PR is good. Something that puzzles me though is why the co didn't take advantage of existing SH loyalty/desperation to raise more cash through warrants? If they had given us, say, 5 warrants for every new share, and made the strike price and time 10p and 2 years, they could probably have raised a tidy sum and kept us happier if not happy. I guess there may be finance/legal reasons why not or perhaps it was just spite for us not supporting them strongly enough .... LOL

I suppose we have to hope that the vicious consolidation at least reduces the number of new shares in circulation so that, if the new outfit does have a cancer treatment, and hence develops a serious capitalisation, our tiny number of shares will at least increase by an astronomical multiplier. No, I don't think so either.

monty74, that sounds about right without checking your numbers.

"· Admission Warrants over 1,488,615 New Ordinary Shares are to be issued to the current Shareholders." Put simply, there aren't enough warrants for this to be granted to old shares (jesus ... they would have to give me over 300,000 of them!) so it has to be new shares, even though their language is not that unambiguous.

"..and the warrants are based on your holding pre consolidation."

I don't think that can be correct if you look at the total number of warrants issued. Though it would be nice.

True, but you need an alternative to vote for - and there aren't any.

Well, the less we got the more the new investors get, so it's pretty clear who they like the most. We are Farage's 'little people' and, no, we don't stand a chance!

"Until then let's hope there is some clarification on the RTO consolidation for existing shareholders !!!" What's not clear?

I had almost one million shares bought at various prices from too high to the very low .... near the end. Assuming the price clears the warrant price and I take up the warrants, I need a sp of £6.25 to break even. So it's not really a great deal for existing shareholders unless the new co goes ballistic and does a 30-bag, but it's better than zero.

You will have 136.

You've lost me with that one.

No-one knows if they will get their money back. But, if the new co cures liver cancer ... you will.

" Admission Warrants over 1,488,615 New Ordinary Shares " so warrants apply to the new shares ..... else they would need a LOT more warrants!