Member Info for MIKODX

. 11.00 a.m. on 29 May 2024 - Latest time and date for receipt of completed Application Forms and payment in full

under the Open Offer and settlement of relevant CREST instructions (as appropriate)

. 30 May 2024 - Publication of the results of the Open Offer

. 11.00 a.m. on 31 May 2024 - General Meeting

. 31 May 2024 - Publication of result of the General Meeting

. 3 June 2024 - Admission and commencement of dealings in the Conditional Placing Shares and such number of REX Offer Shares and Open Offer Shares applied for

I looked in my account yesterday and saw the open offer. I know I've been saying all along that I'm voting no, but I've given it careful thought. When I think about it I dont really have much choice. If shareholders vote No and let it drag on, I can only see the SP tumbling more. I dont have a massive holding, so when I saw how much it would cost to buy up as many shares as I already have, it really was a no brainer. This would bring my average down to around 18p. With the fundamentals the company has, I can see this rising at some point to at least 15p if not more, and thats wih 550M shares on the market. So I've just bought all my holdings and a little more which will take my average down to 15p. It really is a no brainer. If you believe in the Company and the tests we currently have within the NHS, and the stroke test to come, if you really believe that we will start expanding on a large scale to the UK and the rest of the world, then it really is a no brainer. Expansion on that scale would bring the SP to well over a pound. We've been there before, in fact we've been up to £3 just a few years ago and we hadn't got as far as we have now with the tests. With the SP still above the 1.5p mark, your quids in already.

Jumped in yesterday and glad I did. That target is very realistic.

I advise anyone invested here to listen to the Presentation. They've confirmed that a big company is actively looking to buy out the company and there are also other bids being looked at. It looks to me like the company is too small to ramp up distribution of the FDA cleared KidneyIntelX™ testing platform. Seems to me that the big company in question has much more know how and resources to ramp up production and distribution. Wont be long now, all those who are losing faith and selling, will regret it. Nothing is guaranteed and yes, the company could turn around and say they have rejected all bids, but after watching the Presentation I beg to differ. Wont be long now before we get the news we've been waiting for.

I don’t see it dropping below 1.5 before the Placing, but I see it dropping below that leading up to the stroke news.

Of course it's going down to the placing price seen it too many times. If they had done the placing at 3p the SP would have reacted a lot more positively. we might even have climbed to 4 or 5. Lost all confidence in the BOD.

Slacker246 - That's because the stupid Board decided to give away the shares at 50% discount. By doing that they have basically devalued the company and in turn the SP.

With AIHL in the latter stages of final approval from NICE, and with CYP2C19 looking highly likely to be approved in July, a Placing of 3p would have been acceptable to shareholders, I'm sure they would have backed the company. It would have meant only 200,000 share dilution instead of the now 400,000. The SP would have most likely held at 3p and the company would have been in a great position to move up from there.

JAMESY1980 - If that's your logic, then there's no point me explaining. With only six posts, you wouldn't understand.

Looks like the SP is heading down to the Placing price which is why I'm so mad with the BOD for offering a 50% discount. If they had offered it at 3p which is what it was on the day of the announcement, I think the SP would have held around that 3p mark. We wouldn't be where we are now. The company showed there naievity with that decision. But we are where we are. If shareholders vote No, the BOD will have to come up with an alternative plan. However as each day passes and the SP slides, it's looking like shareholders will be forced into voting Yes.

Well probably that tells us a lot about the company. If they are not able to attract big investors, then probably their products are probably not as marketable or profitable as they make out. If investors are not attracted, then why should shareholders be? They are in the final stages of a full reccomendation for the AIHL test, and the stroke test looks like it will pass NICE reccommendation in July. Why is nobody interested? This all food for thought.

No Eureka01, I'm not in deramping mode, I'm in the speaking the truth and speaking the facts mode. If you read my comments properly, I've stated that the future does look bright for the company, but it does not look bright for shareholders. Shareholders are about to be badly diluted and any investment you have will be worth nothing, that's if it already isn't. Imagine if this drops to 0.00300 as I predict if this Placing goes ahead? We might not see that price if we can get AIHL moving and good news from CYP 2C19 in July. But if it did, and the products do take off and sentiment increases, your realistically looking at a tenfold increase possibly more. But for arguments sake lets just say it's a tenfold increase, from.00300 that's still only 3p. For the SP to hit 20 or 30p, would require at least full AIHL reccomendation, and/or FDA clearance.

Tiger16 - The company wouldn't have to neccessarily delist and go bankrupt. They can always raise cash through financing. If the products are so great, the company should be able to attract institutional investors. They will also have the non-pre-emptive firm placing, which is not conditional upon shareholder approval. This firm placing will generate 0.17M which is not a lot but should tie them over for a few weeks while they seek out other forms of financing. Every Fundraise this company has had, they have promised that some of the funds will be used for FDA approval, and every year nothing, not even an update on what is happening with FDA. How many times are they going to spin this line on shareholders. At the end of the day, it's us they're going to run to for funds when the going gets tough, so they should show us more respect by following through with their promises. Each to their own, but I will most certainly be voting No to this proposal.

Okay being generous lets add the Placing money to the value of the company, that would value the company at 7.5M. So if you do the maths 500M shares x an SP of 1p would give you a MCAP of 5M. So after the placing the best you can hope for will be 1.5p, thats unless we get some outstanding news regarding AIHL/Stroke test sales or FDA approval.

Correction - Your share which was once worth £1, will now be worth £0.00300, which is a third of a penny.

It's so sad watching people on here feeling so positive about this stock. It does have good fundamentals as in the potential for sales with AIHL and the stroke test, but financially the company is crippled, and will only get worse if the proposed placing goes ahead. On paper the company is valued at 1.5M taking into consideration Assets and debt, forget the business side of things, that is running at a loss. If the proposed placing goes ahead which would dilute the company with a further 400M shares then your share which was once worth £1, will now be worth less than a penny, £0.00100 to be precise. Anyone with half a brain will see that this company is basically a deadstock walking, especially if this Placing goes ahead. Shareholders should be gearing themselves up to vote No to this proposal, not celebrating where the company is at the present moment. Like I said, yes the future does look bright for the company with the products already out there, but it will mean nothing to the shareholders when their shares are worth nothing. Anyone taking any notice of the rampers on here, really need to stop investing in stocks that they just dont understand.

At last the SP is moving up as it should. This is a very well run company with a yearly turnover of almost 10M. They are very undervalued. Amongst their peers, they are one of the best. One of their peers ABDX is currently trading at 10p. They are worth around 5M but have debt of 3M which means they shouldn't be trading anywhere near 10p, very overvalued. I think this share will start to move up rapidly now, and I think 10p is very realistic within the next 6 months.

I'm a strong believer that MMs are corrupt. SP is 14.75 yet the bid is 13.10 and the ask is 15.50. Now, I understand supply and demand but how do you justify that spread? It's just total market manipulation, the market is corrupt, and anyone that disagrees is highly naive.

If this Placing goes ahead, the SP will most definitely fall to a penny or even worse. Shareholders should and must vote a firm No.

And he certainly wouldn't have done a Placing at 50% discount.

Absolute carnage over here. The BOD have absolutely decimated the SP? To announce a Placing offer at 50% discount was absolute suicide. There will be over 500M shares in circulation if this Placing goes ahead. If they had done the placing at the closing price of 3p as it was on the day of the announcement, we wouldn't be diluting the company with over 400M new shares. I hate to say it but I bet if that was Budd he would never have undersold the company like that. I'm sure he would have been able to raise more funds by way of Grants and/or other means of funding.