focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Scrambler we all hope you are right. What confuses me is why take a loan with OF if it had all these restrictions ? Could it have been they were the only option in the world left to raise money?
I suppose it boils down to does anyone think our science / platform is valuable to them. Then its just a question of how valuable. Alex always seemed confident with the science but we shall see.
Yes it would be nice if Merck could pay off Oxford and leave us with say half of the company .
Sang you are probably right about OF being flexible re the 5 million. But there has to be some positivity here if we believe the science is promising. **** up yes but you have always blown hot and cold here if I recall.
Tiler I like your optimism. The BOD are determined to succeed you say. What can I as a long term holder say to that after what they have achieved?
Thanks Michael for your thoughts. The Board will co-operate fully and as you say many scenarios so we will just have to wait and see. What is to stop a large Company paying the Oxford debt and taking over the whole Company and merge it with their own divisions? There would be no loss of jobs except for maybe some at the top. People on here said it would be cheap to pay £100/200 million on a takeover so what are we worth now? Very scary and the CFO wants shooting. (not literally of course).
At that meeting they both looked shell shocked and I cannot understand why they didn't cancel the meeting. They must have known they were not up to a positive presentation. They could have made an excuse such as illness etc.
Cheers Michael. I suppose we do not how hard ball Oxford will play.
Michael glad to hear you attended the AGM. If these defaults were easily avoidable why did Duncan not try to correct things or did he simply run out of options? Do you think Duncan has got any fight left in him to try to resolve things in some way or is it largely out of his hands? He always said he had a good working relationship with Merck. Look forward to your comments as I have always valued your contributions here.
So the Board got what they wanted in all resolutions passed and now led us to this situation. What utter incompetence.
crl my circumstances are a bit similar to yours. We trusted the science but how we have been let down. I still have that knot in the stomach. Best wishes.
This is the problem. Get what they need to satisfy Oxford. Those in charge want to hang their head in shame.
Not me for one. And if they were struggling for finance they should have held their salary in abeyance.
Sang I knew the risks but the thought of someone buying us to pay off Oxford or Oxford themselves benefitting makes me feel we have been conned somewhere along the line.
Cannot understand how a group of directors allowed breeches of the loan agreement knowing what the potential might be. Even more unbelievable when they stood to lose so much. Lost for words but so angry.
Crl123 how do I contact you if you do decide to organize an action group?
I would like to join a joint action group too.
After seeing our two leaders giving that awful presentation with faces like fiddles only for the SP to decline by 40%, is it really possible that they might have good news to share? No need to answer as none of us know but good luck to us all.
Porky well done for staying positive.