Member Info for Pesto

Reply from II received today. Im going to push back on the charge as they accepted the Portga eshares into my II ISA when transferred out of Barlcays SI ISA. So now they want to charge to get out. !!! Any commenst/support welcome..

Good Afternoon Mr



Thank you for your patience when dealing with this matter.



Our settlements team have managed to get in contact with the transfer
agent for Portage.



International deposits and withdrawals are no longer part of our product
offering, but if you are sure you wish to go down this route we will
accommodate this.



However, there will be a charge of £295 for the medallion stamp
guarantee and other potential admin fees that yourself would need to
cover.



I do have to make you aware that once the certificate/statement is issued,
we won’t be able to re-deposit the shares into your account with ii, so
you would need to find an alternative Broker who supports this service.



I hope this helps, please let us know how you wish to proceed with the
withdrawal.



Kind regards,

Interactive Investor

Kentan,
email i received from Barclays yesterday. I too have holding with II and not received by share certificate for these to date.
Dear Mr

I hope you are well and sorry for the delayed response.

The certificates for Portage Biotech are now in transit, I will then send these to your home address via courier.

I appreciate your patience throughout although the delay was out of our control.

I will update you further when you should expect to receive the certificates.

Kind Regards
Alan

Latest message re share certificates from II. I received this on 11th May.
Dear Mr



Thank you for your secure message.



We are sorry for the delay in our response,
we are currently handling a high number of messages.



I have looked into this issue for you and
confirmed with our corporate actions team that the cease trading order has been
lifted however, due to Canada's response to COVID-19, the Canadian securities
depository remains closed until further notice and we are therefore currently
unable to deposit the holding certificates with our international custodian,
this means that we are also unable to withdraw share certificates at this time.
As soon as it is possible we will request the share certificates be sent to you
so they can be deposited with another broker.

Its been a long wait, hopefully now i will receive my share certificates from with Barclays and Iii. I cant believe its almost 2 years since the de merger of Salv with Portage.
Great news this week with the tie up with Bristol Myerrs Squibb.

https://www.bbc.co.uk/news/business-51657573

Excuse the pun, The trading board is "a sea of blue"

Good links Synge, from a commercial perspective i would like to know (as would the whole sector) what beyondmeat are selling at per unit to MCD against cost of sale? I would hazard a guess its a loss leader at this early stage. Units cost will come down over the next 3-5 years, however is it not the case that our exposure through Agronomics to the Beef Pate market is not vegan based but lab produced meat through meatable? My senior contact in the food supply chain industry sent me a text yesterday in reply to my question re plant based over lab produced meat. I quote word for word.
"The market is not about being vegan, less than 5% want vegan, its about people who want to eat less meat to be healthy and have less environmental impact but love the taste of meat- that's 75% of the UK population. So products that can be produced to imitate meat and offer health benefits such as low fat, low salt etc will succeed, You dont see many consumer facing brands in meat, they are only being used in plant protein etc to drive brand trust. People think vegan = healthy which it isnt but that will change as technology improves. I would suggest the meat companies currently supplying the big multi national players wont let that business go, they are very profitable making billions and billions a year and will invest in technology and lab based meat products or buy the smallest business once they have scale."

10th of? Feb?

Just a final thought are any of you guys invested in Agronomics? I have been holding for about 8 weeks..

Kentan, could not agree more, it has been painful and somewhat of a car crash. I have stock of portage showing in my II account but as you outline below cant trade or have a value. Barclays corporate complaints team are still battling on my behalf to have share certificates issued for the stock i had held within Smartinvestor.
Mellon and his team are very smart guys, however i do feel that on this occasion they would have been better keeping the Status Quo 18months ago and kept the Intensity investment within SALV. At the time Mellon stated that the demerger shares was the only way to release shareholder value... Well 18 months on and i dont see it that way at all... All good things come to those that wait??? jesterman im going to bookmark the page and keep us long suffering holders in comms and updates, anyone else joining us??

Some of you guys on here may have already listened to this Jim Mellon live discusion., but if you have not it makes for very interesting listening and supports why im holding long with this stock.
https://soundcloud.com/themoneyweekpodcast/issue-979-jim-mellon-at-the-moneyweek-wealth-summit Interesting talk by Jim Mellon

I have topped up again this a.m. I have an old School chum who is a very senior position within a Irish Multi National food producer and supplier. He was advising me over Christmas that the food production industry has already committed and acknowledge that consumer demand and the world's resources make this change in meat/ poultry production inevitable.
The market potential is simply off the scale.

Not sure if any of you guys are still viewing the posts here. Either way update below i received yesterday..

Dear

I wanted to write to you, further to my previous email, to provide you with another update on the SalvaRX Group Plc Corporate Action.

Regrettably, since my last email a Cease Trading Order (CTO) has been implemented by the company which has affected the registrars response regarding the re-registration of your Portage Biotech holding.

To keep you updated, we have been advised the stock is under a "Cease Trade Order" which means the asset cannot be traded on any exchange/market. On this basis, the registrar has rejected our request to re-register these holdings based on the CTO being active. I appreciate this is not the answer you were hoping for.

To explain, we challenged this with the Chief Financial Officer of Portage Biotech and managed to achieve sign off for the registrar to complete our re-registration request. On 23 October 2019, the registrar was checking with their internal compliance department and the request was not yet completed. Be assured, we've chased the registrar for updates and completing your request remains a priority for us.

The registrars have since advised they require a legal affidavit in order to progress with our request to re-register your Portage Biotech holding. We have therefore referred to our Legal Team to provide this on our behalf. Unfortunately, due to this new information provided by the registrar, we are unable to confirm when you shall receive your certificate.

That being said, I will continue to provide you updates, once available, until you are in receipt of your Portage Biotech holding.

Kind regards

Further correspondence from Barclays received this morning. This has been ongoing for 6months now.
Your Complaint- Transfer

Thank you for your email on 11 July. You are absolutely correct, we did receive certificates in April from Portage Biotech, however we are proactively trying to establish a way we can register the certificate in your name and have experienced issues contacting the Canadian Registrar to offer some clarity on this.

We have since established that we may be able to apply for a Medallion guarantee stamp but are aware there is a US legend restriction on the stock which may prevent the re-registration and therefore, need clarity.

Please note, we have been chasing this consistently and unfortunately have struggled to get the answers we are needing within a timescale we would like. I will be contact you as soon as we reach a solution.

Thaks Dougie999 and Jarcon.
Im still waiting for my Portage share certificates to be issued by Barclays Smart Investor, I have to say the demerger has not been a adminstrative success by Portage and or the Brokers.
There is a rel lack of RNS on what the next play is by Portage and where they might list?

Morning all, i have received a corporate action notification from ii stating that they cant hold Portage shares as they are not listed on an exchnage that ii support. This is frustating as i moved my holding from Barclays smart investor to ii so i could trade this stock. Anyone else had this notification and what platform can you trade the stock on?

Stock
PORTAGE BIOTECH IN NPV
Event Type
Confirmation
Description
Demerger update - Portage Trading Status

Further to our notification dated the 19th February 2019 regarding the demerger of Portage Biotech Inc. from Salvarx Group plc, please be aware that the resultant Portage Biotech Inc. stock is not listed on a stock exchange that we support.

As the shares are no longer trading on a supported stock exchange we are arranging to issue you with a share certificate in relation to your holding. Please note this process may take a few weeks, as the share certificates will need to be issued by the company?s registrar.

Really interesting listen. Very exciting times ahead. Hold Hold Hold!

Im a long term investor and holder of Salv, however with the latest news released in Washington the share price is flat??? Would have expected a big spike on this news release.

https://intensitytherapeutics.com/intensity-therapeutics-highlights-int230-6-data-in-advanced-solid-tumors-at-society-for-immunotherapy-of-cancers-sitc-33rd-annual-meeting/

Im aware we cant trade them for 6months.