Posted in: DDDD.L
4d carved up and sold off. A sorry end for the company and shareholders. I’ve invested into crypto but was once heavily vested here and synairgen. People warn about unregulated exchanges in the crypto sphere but they have nothing on the risks involved with AIM. It really is a minefield. I doubt I’ll ever return to it.
As you may know, a shareholder can sue a company and its owners or directors, for mismanagement of the company, or for dereliction of their fiduciary duties to the company.
Specifically, Directors can be held personally liable based on three fiduciary duties: the duty of care, the duty of loyalty, and the duty of obedience. Unfortunately, many board members seem to be unaware of their fiduciary responsibilities for the organization for which they volunteer.
It will be interesting to see how hard DP & Co fight for the company. I have a small suspicion and it’s only my opinion that the pipeline isn’t showing a great deal of promise. The reason I say that is because if it was surely finance would have been easier to raise. Someone like Merck who know the science much better than you or I would be bailing them out/buying them if they thought or knew any of these drugs being developed was a game changer. I know this will be taken as a negative message and I don’t want it to be just trying to make sense of how 4d ended up here. If I was DP and I knew the drugs were not showing sufficient promise would I plough on with limited chance of success for years or default on purpose and start the process of getting the monkey off my back. He’s more heavily invested than anyone on here and it’s his job so he’ll be feeling the pain as much and probably more than anyone. The frustrating thing is microbiome medicine does have a lot of promise look at the c-difficile breakthrough and what it did for that company. I suppose there is never any guarantee when you set off on this voyage of discovery and I admire them for trying but maybe they just didn’t find the right microbiomes. I still want them to come out of admin and fly but I am questioning the pipeline.
I’m afraid everyone is your friend till the rent comes due. I don’t think the BOD are bad people. Not good at raising money maybe but in the current climate that was always going to be tricky. I hope a way forward can be found for this company as the science is promising. If it’s meant to be it’ll happen.
They took a dodgy financing deal imo. DP and the other directors own 10% of the stock so they will be feeling the pain more than most. Not to mention it’s their lives work. I remember when I researched microbiome biotechs in the states it was common for them to have £200 million in debt. It strikes me as a little ridiculous that the company can be brought down over a relatively small loan. Hopefully someone has the vision to step up and back 4d. May well have to ring a few changes moving forward but I would argue the promise of the pipeline outweighs 14 million in debt. Just my opinion and I’m not a holder so not biased either way. I hope the Phoenix rises from the ashes.
Yes of course you always need to learn from mistakes or even the way different scenarios play out. We can’t kid ourselves, we all knew, or at least should have, that the covid plays/bio techs were high risk. It’s not like you’re buying Royal Dutch Shell or Google. There’s a reason Warren Buffet is sat on tons of cash and it’s not because he invested in bio techs. I did hit a big winner with SNG but Im sure that for every company that succeeds ten fail. For me the stock market is no different to gambling and should be treated as such. Don’t gamble more than you can afford to lose (stupid saying I know as most can’t afford to lose really full stop!). Also don’t let it take over your life. Loved ones and friends are more important. It’s only money. Gives you options doesn’t necessarily make you happy. My grandfather was poor but the happiest man I’ve ever known. Whose had the best most rewarding life? I’ll let you ponder that for yourself. Good fortune all.
With hindsight, and it’s always easy with that, the pandemic stocks were fairly similar to the dot.com boom. Market caps were based on a wing and a prayer. We all wanted to get rich quick. I was in SNG and that was valued at over £400m at one point with no product to sell. Here at 4d lots of potential product streams but nearly all in early stages of development/testing. I recall being in for the blautix result, painful. Then realised this was a ten year play in all probability. I was still ok with that as 4d had no loans or debt at that point. Maybe when the SP was around £2 they should have done a big raise. I think back then they would have got it too. From my understanding they were burning through around 2 million a month on average. It was pretty apparent from some time ago that money was a problem here. Throw in the macro economics here and the changing funding environment and here we are. I was out before the OF became involved but from what I can gather 4d’s lawyers and board must take a serious look at themselves for agreeing a loan that can be recalled within a year and tied down to the companys IP rights. Again with hindsight the deal was desperation. i seem to recall 4d's Sp was around £10 a share when it floated. Sadly, it won't be the last to crash and burn. im also certain within ten years there will be a bubble of another kind. i guess the decision then is only play if you are ahead of the curve and get out quick. Good luck everyone and keep safe. Everyday above ground is a good day.
I have to be honest I’m not certain I agree. If we all gave up after a loss then we’d never achieve anything again. You learn by losing, painful as it may be. The fact your wife stayed loyal is a great thing and speaks volumes for her, hold onto her. I’m no expert investor but having been all in on SNG at the right time, I got lucky, but looking back would never be all in again, on anything. That at least prevents wipeout. Most professional punters never stake more than 2% on an individual bet, for good reason, it takes the risk out of having a losing run which anyone is capable of. Totally agree on the health aspect though. You have that and you’ve won the lottery anyways. You can always make more money. Today is a new day.
Hello SNG’ers. Reports of my death were greatly exaggerated. Any of the old school still around ?. Really sorry to hear the 4d news today. So strange as I looked at their share price this morning first time in months.
Really disappointing news. Strangest day as I haven’t been on here for a long time but back in the pandemic did buy 4d which I didn’t hold but I really liked this company. I looked at the sp this morning and watched the latest DP interview where he looked knackered and admitted himself he was ‘tired’. Looking at the share price movement this week the share dropped almost 50% from Tuesday morning to Wednesday morning. Pretty clear someone knew then and decided to dump. Hopefully the company can be rescued to carry on the good work but my thoughts are also with those on here vested. It’s a tough pill to take.
I’d expect a drop on re introduction but then a buying opportunity once it hits bottom and it’ll probably bounce all the way back again. I don’t see recent events as a positive tbh so I don’t see a rise but funnier things have happened :).
I think knowing what some have known on here for a long time and ergo what the leading scientific minds have known presumably well before that, I think it is shameful that the Gov didnt get behind this more over a year ago. Sure we aren't the only ones either. Quite true to form though, along with repatriating sick covid patients from the hospital setting back into care homes and handing out PPE contracts etc to their cronies i think it fair to say the Gov hasn't exactly covered itself in glory in the handling of this pandemic. Although clearly its a nightmare scenario for anyone to deal with. It does feel though that it has taken American interest and help to start getting this towards the finish line. The egg will truly splatter on the faces of the government if the Vaccines prove less effective against the SA variant and other strains which are emerging. All those AZN jabs potentially proving a waste of money and time and worse giving people who have had them a false sense of security to venture out into the big blue yonder!. Eat out to die out anyone? Keep safe and well people and those SNG shares tucked away. Lets see if MH talks about the SA strain at 5pm.
Good thanks Woody, Vaccines will play a massive part if we are to get on top of this but we need effective therapeutics too. For a variety of reasons this will be with us for some time imo. People that are positive with COVID would greatly benefit but more importantly any treatment that reduces infection duration will help to bring the spread down. Common sense. The Goverment should have busted a ******* to get this and other treatments out their ASAP. With the South African variant now looking to spread (and it will if more infectious than other UK strains) the Gov's Vaccine strategy is starting to look in disarray. Now that all care home patients have been vaccinated or at least offered it, death rates will be monitored closely to test vaccine mortality rates and whether SA variant et al make a mockery of the single dose jab at any rate.
Hey Woody, I don't see how too much has changed over the past weeks. More Vaccines coming online but to counter that more variants are being discovered SA,CA, BR. Potentially how many more are their in countries where testing for new strains isn't up to our, South African or American standards. The old virus didnt seem to have a problem undergoing mutation of the genome to make infection easier. Still in massive need for therapeutics and given our government have just ordered French vaccine to be delivered between 2022-2025 gives you an idea that they are planning for multiple revaccination already, as they should be. From an investment viewpoint if i had a spare 100k it would be going in here, no doubt in my mind at all.
The hard truth is, is that the virus does mutate and the genome of the virus has been altering as it progresses through different populations on different continents. You also have the possibility of cross infection and new variants from other animal species. It’s very much one step forward two steps back although positive vaccine news is always very welcome. To think vaccines are the silver bullet is a mistake. We will need therapeutics moving forward and also against potential new respiratory viruses that are yet to show their face. Haven’t seen the new proactive interview but looking forward to catching it. Good luck all long term holders.
MF dont really know their arse from their elbow and their opinion changes with the wind so would take it with a pinch of salt tbh. Nothing has changed here since the early days other than we have great phase II results and we have advanced into two major trials and are a lot nearer the end game. SP should be north of £2. imo. It went to £2.50 or thereabouts on manic Monday and their is still a huge requirement for effective therapeutics. Interest stateside seems to be escalating so big developments expected in short to medium term.
'However, in changing the Company's accounting reference date, SYME is technically in breach of the Disclosure Guidance and Transparency Rules (DTR) regarding the timing of these financial statement announcements.'- I don't really follow how this is being spun to be a positive. Ive held these shares in the past and keep an eye on them but it would be good to know if it was a genuine error or purposely non transparent for a reason. Either way I don't see how this will come back and rerate at a higher price?. Based on a c*ck up? Doesn't particularly give me confidence in the management either way. I do like the idea for the business and I'm sure their must be big demand at the moment for the product, but this suspension doesn't shout buy to me. Would love to be proved wrong though and hope current holders make a killing.