Thomas browne22 Feb 2018 22:08
This is excellent work and thanks for sharing all examples.The ones I have vague past re collections were of the sacrifices made in deals and Derek may have gone but will have been paid for it also. It could be an offer in principal has been made the the FD feels is not enough and JBthinks well he is happy or at the least accepting of the amount on offer. Of course all this draft work was probably put in place last Oct and was conditional of certain end points being met.This last trial was for the benefit and designed by one or perhaps two interested parties making a final bid offer for take over or massive licencing royalties and phased bonus payments and massive commercial final payment .Would be huge and then probably double digit world wide Royalties forever.You can see the admin cost and all other potential associated costs milestone payments etc etc and sometimes the take over is the better option and in the longer term much cheaper for the buyer. I hope it isatakeoveras Jamesis one of the elders and deserves to enjoy time with his family spending his rewards before he becomes to old to white water raft and enjoy spending quality time with the family else what is the point of all the hard years. Now Derek was the youngest and would I fancy have preferred to see his time out (7more years,)with the company.The beauty is that whilst the offer is signed in draft format the price could be �1 or �3 nothing needs to be declared to the market. It is when this final trial comes in and that end points are met to the party/s satisfaction that the shares offer would be inan out of hours RNS. No point in Derek sticking around so he has gone. JB will know what will be accepted so whilst may upset some will get the vote of the majority of shareholders. I have seen many scenarios played out in the Pharma world and have many interests but more in CF and respiratory advancements.This iswhy Ibelievea strong case for a TTO or PTO is still huge in my eyes. Sorry so very long winded. Thanks again TB hope you join us at AGM or hopefully have no alternative than to meet before a non event. I am on another ten day sabbatical so a final good luck to you all.