RE: Completed Response Letter17 Feb 2019 14:49
Absolutely- the power of that letter is insane. It effectively wipe out the whole mcap through the butterfly effect.
It could be like Antares - just resubmit in a different order, or get 2 peeps with liver problems and sorted or redo the lot.
It could cost just overhead ( hopefully lots of sabbaticals / shares in lieu of salaries) , mini 2 peeps trial - small cost) or a load for the redo.
All adds up to uncertainty which equals panic which equals a stitch up .
We purportedly live in a sophisticated world. This must of have sortable in the tailoring of P3 ( for the second time)
It’s almost as if..........
businesses and those linked are corrupt as hell. The only plus is that this is when they are getting their position- they ain’t going to bankrupt mtfb, too public.
Operation winkle. You know as the EV is joke.
EV before all these unknown unknowns as Donald told us ( see the link!) was over £100m ( and the broker and the us one had it at £300m given their £1 pre -approval forecast - ok- over excited)
So in short the whole value of MTFB has been written off based on a letter but with no public statement as to the reasons and remedies for/of the letter save a vague comment- just enough to cause panic !
You may think I’m a loon but it’s all highly possible? Car cartel fudging diesel figures? Libor? World Cup and FIFA? It’s Endemic cause they are the only ones outed.
My advice to a 30 year old - pile in if you want to be rich and if I’m wrong, you’ve got 40 years to make money elsewhere . It’s a rare opp if you have the balls.
I think I’ll join IanB on a sabbatical ( much to spikeys relief - but still waiting for an answer btw) and wait for a ferry.
GLA whatever you decide.