RE: I just have feeling.....19 Feb 2021 13:40
Totally agree with Lunus, no deal very unlikely. But even assuming there was no deal the estimate of 3p seems an odd thing to say?
Lets assume they have nothing else but CDX, no CBR, no CAR-T, no mice and the offer they give to Vlad is not good enough to accept. At 3p the MCap would be £13Mil, so if they wanted to licence CDX but didnt offer enough and vlad walked away, why on earth would they not just start buying the company and own it completely for alot less than they offered?
I would be alot more concerned if they had not completed the development agreement, if they had mothballed CDX, decided to walk away and abandon it.
But its been made crystal clear, Eli will make an offer, the risk is its not good enough for Vlad to accept as it would not represent value for shareholders, so how does that argument stack up if Eli could just buy the company for £13mil?