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This looks like another freak opp on AIM...if FLFL come back!

Bigger trades incoming...news must be coming

Leak? Can’t buy any at all!

Coming days this will get interesting..Iclaprim will be bought, it just about how much they can get for it (too much invested in this and will have hugh demand when approved). Hercules happy to take warrants and big holders stop selling so my gut feeling things are moving now behind the scenes.

Good point. But I think Hercules will be heavily involved in the sale and most likely have a buyer lined up (their other associate companies). Well , they need to appoint a NED now to complete the winding down..

Interesting indeed, personally resigned to think they won’t get support if they don’t find a buyer by GM...but it appears they have full support of shareholders meaning they have have assured them of sale and a buyer? Also Hercules fully satisfied and onside:

- Hercules is expected to relinquish the loan guarantee provided by the Company and relieve Motif Bio of any future obligations to Hercules or Motif BioSciences Inc. ("Motif Inc.");

-- Hercules will be granted a perfected security interest in all of the intellectual property of Motif Inc.; and

-- Hercules will receive a warrant option for an additional 20 per cent. of the Company's post capital raise share capital at an exercise price equal to the Placing Price of 0.42 pence; and

-- Motif Inc. will wind down operations (see below).

GM today - big selling off following major selling by Investco pre-meeting placing big doubts whether major shareholders would vote in favour..big risk of Admin today averted by this passing. EGM Circular stated they would go immediately into admin if not passed.

Also, this indicate they have a buyer lined up (convince shareholders to vote in favour)

Key extracts:
Following the General Meeting, Motif Bio will accelerate the wind down or disposal of Motif Inc. This will involve the sale, wind-down or divestment of all or substantially all of the Company's existing business, assets and investments. This represents a fundamental change of business and upon an independent director and officer being appointed for the completion of the wind-down or disposal of Motif Inc., the Company will be classified as an AIM Rule 15 cash shell. A further announcement confirming the appointment of an independent director and officer to implement the completion of the wind-down or disposal or Motif Inc. will be made in due course.

It appear as though they may well have a buyer lined up for Iclaprim..

A further announcement confirming the appointment of an independent director and officer to implement the completion of the wind-down or disposal or Motif Inc. will be made in due course.

All resolution passed!

Possible...or offer for company. MMs manipulating SP and flushing...hold tight.

Been saying for a few days now...this must surely attract a bid from a competitor..ticks all the boxes!

So..in essence by early next year they will no longer need this loan..! This is NO begging bowl company. Their products are in hugh demand...it’s just a matter of them increasing capacity to meet this hugh demand....!

Actually superb news...! They’ve taken the opportunity to payback $5.5m, because they’re going to be quids in 2019 Q4 - their new products are being available this quarter which will increase production (see Oct Trading Update)...!

Covenant breach waived!
$5.5 loan repaid!
$2.1m still available to drawdown!
New facility on line now + production increasing!

Prepayment fees waived

Remember people saying same on EUA a few weeks ago...and it hit lift off from open. So, for this kind of stock best to stay put and try to be too clever..the MMs will eventually have you..that is traders!

Should see next penny wit today’s rns’s, and then a lot higher once we get agreement on that ONE Covenant breach...that’s notwithstanding a TO offer.

W - maybe worth researching this before you post buy opinions on this stock.....PIs have lost significant monies here due to the complete inept BoD here..have zero credibility now!

Where did you get this from?