Member Info for McFish2020

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United we stand comrades!!

“The economic impact of antibiotic-resistant infections has been extensively documented; the estimated cost to the health care system in the United States has been placed at more than $8 billion [3]. Patients with resistant infections require longer hospital stays, more doctors’ visits, and lengthier recuperations and experience a higher incidence of long-term disability [4]. Considering these costs, the total economic burden has been estimated at $20 billion, plus $35 billion a year in lost productivity”

That is $55 billion per year in associated costs, in the US alone, so what does that value Iclaprim at on a global basis???

No brainer…EGM, vote off the board, replace the board, get orange to get their fingers out and appoint an experience lab/university to get this finished and approved!!

It’s late and I’m speed reading the article but will probably review it tomoz, but couldn’t help myself sharing this in support of the SAG.

Nite all x

So it was only one question and a statement....and your question was pure fantasy matey.

The board cannot just divide up the assets amongst themselves, that would be illegal. All assets including the Iclaprim deal would have to be divided amongst ALL shareholders prorata to their share holding. And I’m sure there would be a class action if the board tried to do that.

SanDiego

So what are the issues that aren’t being discussed??

We don’t have anything to lose currently as our shares are suspended and the consolidation is at 220:1, up to 97% down in some cases.

There are NO assets apart from the potential, whilst unlikely, revenue stream from Iclaprim.

McFx

@SanDiego

So what are the issues that aren’t being discussed??

We don’t have anything to lose currently as our shares are suspended and the consolidation is at 220:1, up to 97% down in some cases.

There are NO assets apart from the potential, whilst unlikely, revenue stream from Iclaprim.

McFx

Voted NO with 60000 shares

Roobles, it’s all the same waffle as last time except for the addition of the blackmailing statement......

“ As all Resolutions to be voted on at the General Meeting are conditional, all Resolutions must be approved by shareholders for the Acquisition to proceed. Motif Bio plc will not be able to continue operations in the absence of this Acquisition. As a result, if all Resolutions are not approved by shareholders, it is expected that Motif's shares would be de-listed from the AIM market and Shareholders would receive no further value.”

You can’t miss it it’s in BOLD TEXT AND UNDERLINED.

JG is a thieving Tuesday!!

YES, I am very bitter about the treatment received in this RTO. I apologise to my fellow forum members for the outburst but I have to vent some steam.

So, we've been absolutely done up like kippers by the BoD who have revealed themselves to be nothing more than greedy, untrustworthy c++nts!!

Shame on you Motif, you have cheated your shareholder, who previously invested into the BoD and backed the company, into a conclusion that had only one positive result - lining the pockets of you bunch of JUDAS's on the Board.

I just hope Tiffany Daniels-Thorn is worthy of my and others ill-gotten money, but looking at the website I'm not so sure, and manages to bring the product to market, as you may need it one day!!

I am positive that if there were any typo's in the RNS you would have been required to issue a correction RNS by now but you haven't, so it must be true, you have stolen from us!!

Watch out for your karma

RNS says 'The company will receive....' so who exactly gets the money now then?

"In February 2021, the Company divested its shareholdings of Motif BioSciences Inc. ('Inc") to Orange Avenue Technologies, LLC ('Orange'), an entity controlled by John Palmer of Tamarack Associates Inc. Mr. Palmer, through Tamarack Associates Inc., was previously appointed in early 2020 as the sole Executive Officer of Motif BioSciences Under the Stock Purchase Agreement with Orange, the Company will receive 90% of the revenues received by Inc. from iclaprim, above a $250,000 threshold."

Source: RNS dated Monday 10 May, 2021

Statement of the decade..................

"In preparation for the completion of the RTO, Jonathan Gold will step down from his role as an Executive Director and become a Non-Executive Director, with immediate effect. We thank Jonathan for his leadership and collaboration with the Board in advancing what we consider to be a compelling and value-creating RTO opportunity for Motif's shareholders. Jonathan is expected to continue as a Non-Executive Director of the enlarged group following the completion of the RTO.

Bruce Williams, Chairman of Motif Bio, said: On behalf of the Board, I wish to express our appreciation for the valued support and patience of Motif's various stakeholders as we work to complete the RTO."

W4NKER!

Source: RNS dated Monday 10 May, 2021

Wow, forgetting the opportunity that BiVictriX may bring us over the coming months/years, the BoD have really undersold it's Shareholder. It is quite remarkable treatment of shareholders by an out of touch BoD's who no doubt won't be out of pocket?!

No point in voting no, I'll probably take up the warrants option and stuff em in a shoebox in the garage and write them into my will when they might just be a little more valuable :)

Thanks JD99

RosieNAs

I have numerous investments and understand the basics (including RTO's having been in them before) thank you for asking. But an RTO, especially one as complicated as this was presented in the RNS, is confusing, even to those who are reasonably savvy.
So, perhaps you with your infinite wisdom can explain it to the rest of us please clever pants? If you can't you should shut up and bu66er off!!

So I have 60000 shares, is this what I am left with?

60000 / 220 = 273 shares
New value of 273 shares @ £0.20p = £54.60p
Cost of original shares 60000 * £0.009804 = £588.24
Therefore RTO gave me a loss of = £533.64

And so to the warrants, what is the calculation actually based on??
1 warrant per 2 shares on the original amount of shares 60000 = 30000 warrants
OR
1 warrant per 2 shares on the new amount of 273 shares = 136 warrants

I'm still in. I was always confident that we would get a YES from Judge Judas who it seems believes that the FCA's actions in stabbing the company in the back was perfectly acceptable!

SHAME ON YOU JUDAS
SHAME ON YOU FCA

Proud to say I bought more. I tried to get in early doors to double my holding while the price was rock bottom but couldn't get a trade accepted.

But I was quite satisfied to increase my holding by 50% at 15p and by close had made up the daily loss and finishing with a bit of blue.

Roll on the Judges YES vote next week, with any luck!

I am quite happy to wait for the Courts decision to be announced, I believe that Amigo will be successful in the judgement, albeit with the possibility of reasonable caveats suggested by the Judge, but I remain confident, as the options are illogical.

I fully expect a drop tomorrow, if suspension is lifted, as nervous retail holders (and MIC) sell, and that is perfectly understandable. Me, I am and always have been a 'more riskier the better' type of investor and as such have taken the decision to hold and add (if it dips). I have transferred sufficient cash to my trading account to at least double or treble my holding depending on how drastic the SP is forced dow.

Good luck to all and remember the decision you take will be the right move for you, and that is all that counts!

Correct me if I am wrong, but isn't the request for suspension to be lifted submitted to the London Stock Exchange?

Example: "Application has been made to the London Stock Exchange to lift the current suspension of Path's ordinary shares..." (Taken from Path RNS 12/06/2020)

Mark 1973, you're right....."If the FCA had suspended it you’d prob be right but as I recall the board asked for it to be suspended for the duration of the hearing only."

Good advice ISA, maybe all the rest of us could agree to avoid commenting on the attendees posts so we can read the attendees comments without trawling through loads of chaff?

Maybe a note in the subject saying "Attendees posting only" or summink like that??

Can't even get a price now!! Urggggg!!!!!