Member Info for roger65

My usual musings on the usual conspiratorial theme but….i think Cheek was moved on and offered a years salary to keep quiet about the plans to go private, likewise Budd. Gino took on the role because he likely agreed to go along with it. Both Gino and Russ have proved to be extremely greedy and unreasonable in the face of many requests to take a pay cut whilst the company has kept spending spending spending, and having overseen an appalling performance in the markets . Their decisions have brought the company to its knees but they obviously don’t care and imho it’s just been a careful balancing act of bringing the curtain down at the right time.

Amers and Mr N and other holders - go get em.

*should have voted No

Old fat fingers!

This is precisely why people souls have voted No to the Resolutions. Now that there seems to be another option at the death it’s probably too late, they’ll have these Resolutions passed and be able to dilute us to kingdom come and to the benefit of who ever they like. Mr N and others hopefully have all voted the Resolutions down and have enough to veto the new 400m (only 39% dilution) new shares and share reorganisation. Finding a funding alternative will hopefully get the sp back to 1.5p and Gino and Russ can be helped to steer GDR through to next April when hopefully Pointvof Care testing will be commissioned in the rest of the UK AND FDA approval might finally be delivered.

So on a knife edge. Do I throw in another £5k on Monday morning or not?? Hmmm what to do, what to do. I’ll see how both ALRT and IMM do on Monday morning. If either storm out of the blocks then I’ll probably go for it. Hope this works out for everyone whatever happens on Monday. Bon chance!

Best of luck Amers. I know this means a lot to you so I really hope it's a productive meeting and the Directors get to realise how their decisions and performance over the last couple of years has impacted share holders.

Also good luck to Mr N, for whom I hope there is a warm reception from the GDR Directors. If you have a meaningful and sensible offer of alternative funding that is in the best interests of all share holders then they should be welcoming you with open arms and your phone should have been ringing non stop recently. It's worrying (to me at least) that they have not reached out to you on this and does suggest I just might be right about there having been some skullduggery going on this last year or so. I also hope they will be open minded and humble enough to invite you to a seat on the Board and have someone who truly represents the interests of ordinary share holders. (Graham Cooley with CPX completely turned that company and its dealings with its share holding body around and the sp is now hovering x4 from where it was). Hopefully I am totally wrong and there will be a rescue package of some description and followed by very positive news from NHS and NICE on an imminent roll out of CYP2C19 Point of Care testing in the rest of the UK to play catch up with the obviously more enlightened NHS of Scotland. I will be in France on Monday and keeping a keen eye on developments.

If mr n is at that meeting I would love to see how they respond in the room to the assembled throng to the public offer of funding and try to convince everyone they should instead go for this share reorganisation and with the promise to existing shares holders that they’ll dilute them ‘only’ as much as to 39%, oh and no btw they won’t take a penny less in salaries and that oh, yes, we can do better in running the company in the future. Wish I cd be a fly on the wall

I think this guy has indeed upset the BODs applecart by suddenly coming out of the woodwork like this.

Perhaps he can persuade them to condescend thing and NOT take this private but it may well be too late imo. It’s telling they didn’t pick up the phone to speak with Mr N immediately if they were genuinely interested in doing what’s best for ordinary share holders. Nope, they prefer their planned route I suspect.

Don't want 'chunky deals'. Just one. A full buyout . And that after an all-out bidding war. Can any. pharma in this space afford not to have control of P140? Massive risk to let it go to competitors.

Just bonkers. L2 is mad!

yesvshare*******, all those 55m warrants - actually it’s more like 100m as someone pointed out earlier - are going to be exercised this very friday afternoon. jeez it’s desperate

'inequities'?? Lol you've been spending too long trading today.

Iniquities perhaps...?

Of course they are dear.

Blimey he's more confident than ever. I just don't think he could possibly get away with saying a lot of this wihout being in seirous trouble were it all to end up being fluff. It really sounds like it isn't and that there will indeed be. deal/deals.

Personally I am hoping for just one deal and that's a total buyout. If there's interest from multiple pharmas then the final buyout figure could be extremely enjoyable. Tim states it's groundbreaking and that there is nothing like it and that several pharmas are interested even since last week

Yes Mortalone, I wonder if they are busy updating their CVs..

Doh * stock!

It's purely down to the fact ii and others never had any stick to begin with. they obviously didn't think it was going anywhere and now are sitting on the sidelines watching all the fun .

Luckily on HL they have had plenty and are still offering prices to buy/sell at every level.

Sorry, you're correct, they would not be allowed to issue any shares below .15p.

So someone could pretty much gain control of the company with a 39% stake for just £600k plus whatever they've bought any other shares for previously. For a company that believes its potential income could be over £200m a year I'd say that's a hard bargain to ignore...

Put yourselves in Gino and Russ's shoes if approached with a plan that could result in the company being taken private and you're promised say 10% of the private company each.... I'm afraid I'd find that kind of temptation hard to resist. Slow away for a meagre £300k per year or deliver GDR on a plate for peanuts and end up with 10% of a company making over £200m each and every year. My conspiracy hat is doing overtime just now! I'm sure David Nugent will have a far better handle on what's going on, not that he'll divulge anything to us on here - other than he's holding just over 10% of the shares currently in issue.

If they issue all 400m shares at a price of:

.1p = £400k

.15p = £600k

.2p = £800k

etc

etc

At a price of .25p they would raise just £1m which buys them another 2 maybe 3 months but that's not taking into account the fees incurred in setting up a placing. Even a full placing at the current sp of .5p issuing all 400m shares would raise a max of £2m and imho that's not enough to see them through to April AND pay for the FDA application.

So what can they do? Not a lot as far as I can see but I'm no expert. I'm totally aware this comes across as a conspiracy theory but let's face it, we are mostly private investors and probably not that many professionals amongst us so, with Ian Gilham at the helm as Chairman, who definitely IS an expert in all these matters, how have they taken such a disastrous sequence of decisions which have brought the company to the brink of collapse? Unless it's all been a deliberate ploy to reach a carefully constructed position from which the Company and its IP can be bought as cheaply as possible. I've made no secret that I think this is what's going on but in truth I can't possibly be sure. If Gino and Russ have genuinely performed quite so badly then its Gilham who is behind something. Anyway, we will all know one way or t'other very soon.

If NHS/NICE announce immediate finding for CYP2C19 Point of Care testing throughout the rest of the UK then even those like myself who have just a few £K left in here will be happy-ish. However, I find it hard to believe this will be the case and so it's all down to whatever Gino, Russ and Gilham have up their sleeves as to whether or not we watch our money disappear down the drain - or rather into the pockets of a few greedy and conniving bar stewards.

Appreciate your posts Popeye but may I ask this Q? £230m, or region of, would seem quite modest given TM specifically mentioned Humira don’t you think? Wouldn’t any offer go to a share holder vote and if Tim has led us to think something even more amazing eg £1bn might be in the off’ing, might he struggle to get share holder approval for an offer that’s only 25% of what he’s hinted at in recent interviews? Surely an offer at that level might kickstart a bidding war?

Not that I’d be complaining if £230m ended up being the figure. Also makes current levels seem like a no brainer not to load up as much as possible. Something will transpire that lifts the sp significantly from here so I’m unusually confident here!

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There are 53m left at 0.325p and 1.5m at 1.4p

At current volume levels even the whole lot were exercised it would only take a few days to recover and then what? I think more likely they will be held on to until the sp is far higher. By Christmas just think where this might be!

Think the Directors will want to give the 400m shares to the new owner asap after the EGM just in case NHS/NICE do announce PoC testing will be funded immediately in England and Wales and NI. Highly unlikely imv but if they dish out the full amount of new shares, which will only raise about £400k if done at.1p and keep the lights on for just another 4 weeks, then they can get the lowball offer in fast and have this all wrapped up before Christmas and before they finally submit the FDA application - which along with all the salaries and running costs will be funded by the new owners. It’s a brilliant plan and is being perfectly executed.