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As you already know, they wouldn't respond to a private investor question as they are under no obligation to respond to such questions. As for what was stated in the particular RNS, it appears to be an untruth? Also did the person who's loan was paid back last year given certain information that was acted upon prior to the Riverfort loan being negotiated? JMO Adyor!
The vote is already a forgone conclusion. The company has stated that it has already secured irrevocable votes from 84 % of preferential shareholders to delist from AIM (the 'special ones' given what you may consider to be ' inside' information at the expense of the remaining private investors?) It would be interesting to know if certain institutional investors acted upon this information in the past several weeks leading up to the announcement ( we know who that might be don't we?) . You will just have to hope what the management says is true regarding the company being undervalued on the AIM market, otherwise they may be seen as a pack of liars I wonder? JMO Adyor!!!
I agree, we need the Polb-001 licensing deal first and then dump the AIM listing for Nasdaq.
Looks like the CMA Investigation review finishes on the 11th April. I assume this will hold the price down until results are published, it seems nervous times for holders of Vet related businesses, I wonder if it will revisit the recent lows of 250p? Might be an opportunity to get in it dips below 250p on any negative outcomes one assumes? JMO ADYOR!
Strong buying again into the results window next week, I can see 30p barrier going tomorrow or early next week, has Mo got another big contract surprise lined up again for results day I wonder? JMO ADYOR!!!
Re Extrader...
".."I thought that the principal loan (450k) and the interest on the loan could be repaid in cash or converted at 9.884p per share, so why has 90k loan and interest been converted at 2.34p..."from your link, it looks as though the ref to 9.884p in loan repayment terms is a mistake and should have referred to the 40% premium over 5-day VWAP for the Warrant pricing, in the line item below."
How can the RNS have a mistake that large in it without a correction , it quite clearly states ......"........The principal and interest of the Facility are payable in cash or can be converted at 9.884 pence following approval of the Circular........The splitting of the First Advance and the Second Advance provides capital optionality for the Company, and the granting of warrants at a 40% premium to the applicable Reference Price shows confidence from the Lender in the Company.........." as per RNS 26th October 2023.
there a vast difference from the loan being convertible at 9.884p compared to 2.34p which Riverfort decided to do?
I see that the company appears to be making a moves to have most of the senior management team based in the USA if I'm reading the RNS correctly regarding "residency test". It doesn't explicitly say the USA but I don't think you need to be a genius to work it out do you? Culd this be a good strategic move for the company and shareholders with a view to a potential NASDAQ relisting in the future? JMO ADYOR!
...........As described in the Circular, the Takeover Code will continue to apply to the Company for a period of at least ten years from the date of the Cancellation if the Company is considered by the Panel to have its place of central management and control in the United Kingdom, the Channel Islands or the Isle of Man. This is known as the "residency test". In determining whether the residency test is satisfied, the Panel has regard primarily to whether a majority of a company's directors are resident in these jurisdictions. As noted above, the composition of the Board is expected to change shortly following the Cancellation and Re-registration and it is expected that such changes will mean that the Company no longer meets the "residency test" from that time................
Panic selling I'm afraid. If the Redx management are true to their word as per the RNS "statements" (and not just a bunch of lying con artists), they and their secret 84% shareholder club say that the delisting is only being done in the interests of all shareholders. We will soon find out in May when the JP Jenkins Matched Bargain Facility goes live one assumes? JMO Adyor!
Mary you talk nonsense, if you set a figure you probably would have sold...who cares what you are doing and your day trading strategy, it not relevant to investors on this board is it? Go ramp somewhere else instead.
I'm not sure about red flags but all I can see is a dozens of green boxes....you guys are having fun with the local looney. 😀
Barclays SIPP customer services were totally useless!!!. " We cannot and will not discuss anything factual or hypothetical regarding the proposed delisting of Redx Pharma or any other company until we receive confirmation from the company regarding any proposed delisting event. We will not discuss whether or not we may or may now allow delisted stocks to remain within the SIPP, and will will not discuss the use of any facilities such a Matched Bargain Facilities with any company until we receive confirmation from the company regarding any proposed delisting event. We cannot give you any information on what type of investments we allow to remain in your SIPP until we receive confirmation from the company regarding any proposed delisting event. " ..end
I have spoken to HSBC and Barclays SIPP, they reassured me delisting won't be an issue, I can just transfer the stock out into a broker that will accept the stock, either whilst it is still tradeable on AIM or after it delists, HSBC said they will notify investors once the vote to delist has been approved by the company's shareholders. They will even arrange for paper certificate to be issued if required. Things are potentially looking up after yesterday's bombshell announcement. JMO Adyor!!!
FYI..
I've just spoken to JP Jenkins, very helpful and they think someone like AJBell will possibly be able to trade the shares through them once delisting occurs. Hopefully Barclays and HSBC will accommodate this as I believe my holdings are managed by AJBell anyway. Adyor!
Cheers Stocksaint,
If the company is true to its word then the delisting is supposed to be for the benefit of all shareholder's, unfortunately I don't trust a single word coming out of the mouth of the Redx CEO. Most company directors fall into a single category, i.e. serial liars, the same a politicians and newspaper editors! JMO
One assumes companies like Barclays and HSBC will just dump the stock? If so the management of REDX should be thrown in jail as a bunch of con artists, AIM is definitely turning into the Wild West? Russia probably has tighter rules than the UK stock exchange 🤔?