Not many companies come to mind that just sign a MOU for $870 million and β¬10 million down payment with a company they think is not going to be around very long. Anyway Redx pharma have a tried and tested history of coming up with innovative products for the Bio pharma industry. Unfortunately AIM is broken and all the new money is in Asia and USA..JMO Adyor!
Well why on earth would two senior directors just buy a ton of shares, they could have simply waited for it to delist and then as you say waited until it relisted in US and then jumped on a fundraising bandwagon or awared themselves millions of free shares?...JMO.
Don't be concerned for me, I'm just not a big fan of day traders jumping onto boards because they've bought in subsequently followed by out and out ramping on an hourly basis until they've made their 10%, only to spend the same amount of time and effort trying in vain to talk the price back down again..I'll be fine as my recent purchase will be more than rewarded in my usual 3 year time line, long after the ramping fools have disappeared from my memory. GLA Adyor!
@Crafty Investor, that's why the UK FTSE indexes are so low compared to USA, either companies are delisting, being bought out by PE or moving to other stock exchanges..
https://www.schroders.com/en-gb/uk/intermediary/insights/six-charts-that-show-just-how-cheap-uk-equities-are/
Rayte, the only foil on here is you imho. Why would anyone be interested in your buy and sell prices. Are you looking for a round of applause from Joe Public, as for Scmdcypxyz he's a bigger fool than you with his 8p post imho!
Scdmpxyz you really are a fool. Let's face it you bought at 6p by sheer luck and then sold at under 8p.. I can't wait for the delisting so we don't have to put up with fools like you and Rayte, a couple of day trading chancers..!
For Real investors read this interesting article..JMO Adyor!
https://www.schroders.com/en-gb/uk/intermediary/insights/six-charts-that-show-just-how-cheap-uk-equities-are/
When you look back at the recent Jazz Pharma deal announced with potential $870 million in payment for Kras inhibitors along with the $10million upfront payment that added funds to the cash raise back in November it was difficult to believe the SP fell back to 18p, again the only logical reason was Polar just having a fire sale of their holdings? GLA to those holding on post delisting. It's done me a big favour as moving everything to a new broker now. Aimho Adyor!