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Which is fine.
The reason for this would be lack of trust in management to keep the SP above the water line. However looking back more of you would have jumped in Sub 2p if you'd known Ed was actually going to provide for us.
So on Monday if it does fall back down it presents another cheap opportunity for buyers to load up again pending another Sale / announcement.
Be interesting to see who buys this one?
03 March 2021 - EMMAC Life Sciences publish their Memorandum & Articles of Association.
9 March 2021 Curaleaf announce that it had signed a definitive agreement to acquire EMMAC
05 April 2024 -Clean Food Group - Publish their Memorandum & Articles of Association.
After a review of the Company’s future funding needs for clinical development of its adenosine antagonist platform as well as the current capital raising market for the Company, the Board of Directors has made the decision to pause further enrollment in the ADPORT-601 clinical trial of PORT-6 (adenosine 2A inhibitor) and PORT-7 (adenosine 2B inhibitor). The Company will explore strategic alternatives, which may include finding a partner for one or more of its assets, a potential sale of one or more of its assets, a sale of the Company, a merger, restructurings, both in and out of court, company wind down or other strategic action.
There can be no assurance that the evaluation of strategic alternatives will result in any agreements or transactions, or that, if completed, any agreements or transactions will be successful or on attractive terms. If the Company is unable to complete a transaction, it may be required to seek a restructuring or company wind down. There is no set timetable for this evaluation and Portage does not intend to disclose developments with respect to this evaluation unless and until it determines that further disclosure is appropriate or legally required.
I dont think it will, I think people will take the dividend and then the stock price will go back to being sub nav as usual. There is nothing but words to intimate anything else.
And we know how far words go with Seed Innovations dont we.
Well yeah, as with what happens with most placings the Shareprice will tumble to the or below the placing price soon enough. (probably at 12:30).
I did say earlier that the ESIA will likely be many many months away. Judging off past performance that is. Which is all we have to go off really.
Unless the dckheads running the company know something we dont.
08th June 2023 , was the day I realised I wasn't going to get a return on Seed. Ed's just buying time and nothing else.
Other people who'd had a t least some faith in him gave up and started selling down their positions.
He'll sell clean food group it'll make him a few million but share holders wont see any of it.