Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
My concern is are creditors willing to wait- there are already petitions against them, plus the BOD said they wont pay any creditors in full ahead of others. 10 million will not be enough- this is my opinion, and if I was Tudor Davies I would secure the takeover, hence the reason for the SOA.
When used for a takeover, a scheme of arrangement can only be used for an agreed bid, because the application to the court must be made by the company whose shares are being re-organised: the target. It does however have some advantages of the bidder: for example, either the scheme will be agreed or not, so the bidder does not risk being left with a large stake (perhaps even a majority stake) but not 100% ownership.
Glad to see some calmness has been restored- stayed away from posting in the morning. That RNS confirms that Arcapita are the most liekly candidates to takeover now- as before the company never fully revealed all interested parties.
till Thursday- GL to everyone holding- and all I can say is if you make your investment decisons based on posts on a bulletin board then you shouldnt be investing. This share is risky- we all knew that. For me, I have the same targets- I will sell on 25th. GL All- Next Court hearing in September............
When I mean nothing has changed- have they said takeover talks have ended? Have they said we wont be injecting 10 million? All they have said is what they intend to propose at the court hearing- and they have let us know a day in advance. The reason RNS released at that time could be because they finished just beofre then, and rather then release it at 7am, they released it now.
how many people are posting now- if it opens lower so be it- I knew the risk and so did everyone else otherwise they shouldnt be investing. ddeina- where do you get your info from regarding 50% drop- GL with that. Some posters suprise me a lot- I doubt the MMs will move it much- probably back to 2.50. GL All- I wont be posting much on this board until Thursday.
who know- this share is a risk- like all investments. If you bought in at 1-3p, which I believe most of the holders here now did, then nothing has changed for us- when they say in an RNS that takeover talks have ended- then I will sell- even at a loss if required. Same was said last month and those that held made money and those that sold obviously werent as happy. 25th is still DD day- and I think the Courts will force a takeover. Remember Raymarine, and dont get influenced by posts- make your own decision.