Member Info for roses

So the proposed consolidation at 10p has turned into post consolidation placing at 3.5p

Well done BOD
Lol

Sorry, just read your post properly.

However, on their wages they would have been cash buyers !

Bank fool, not true. If you don’t have a mortgage then buy to lets can be and are very profitable if you buy them for the right price. I just picked up another in the last couple of days. It’s all about portfolio diversification. You don’t want all your money in stocks bonds and cash.

Valju and Freddy , just seen your post from this morning saying you are happy to approve the consolidation and resulting diluting cash raise.

If I may offer just one bit of advice if you don’t want to see all that money disappear in a couple of short weeks.

As you are probably well aware the company has not been in a position to be able to pay any wages and inflated salaries for some months now, as well as the overdue bills to third parties.

If you allow the consolidation and cash raise to go through without any caveats then the planned cash raise will be used first to pay the directors their outstanding wages and then to pay the third party liabilities which will inevitably result in the company asking for another placing within a month if not weeks.

I have no issue with third party liabilities being settled as that is only fair. But if I was you I would make damn sure that the placing money is not going to be swallowed up by back paying all the directors of their last few months of outstanding vastly inflated salaries only to see them coming back with the begging bowl in a few weeks.

You know it make sense, and you know it’s what they will do !

All in my own opinion of course

Be careful and stay safe everyone.

https://uk.finance.yahoo.com/news/valirx-lon-val-share-price-132317042.html

Lol, just seen this, although it’s old I just wish someone on here had the foresight to see what was happening ?

I think George and satu are probably breathing a big sigh of relief today.

They were always going to lose the vote today, but they can now hold their head up high and blame it on corona virus, dump the current projects and debt along with the poor shareholders, then license a new compound off CRT to start a new company under a new name.

They have done it before and they will do it again.

All in my own uninformed and non liable or reliable opinion of course.
Please do your own research as I can not And will not be held liable for posting my personal uninformed opinions on here.

Freddy, the government will not be interested in giving out any loans to companies that looked like they were going bust before the corona virus hit.

Not a hope in hell.

The company already stated that if it couldn’t do a placing in March then it wouldn’t continue to keep trading, so how are they going to be able to afford to keep going for another few months ?

Suspension today ?

I take it the agm is still on today, although with no one attending ?

Will the agm have to be cancelled due to covid ?

Will the company therefore have no choice to then go bust ?

Strange times we are living in at the moment.

Decided to stay quiet for a while to see what plays out Whilst in the death throws.

It seems like there are a couple of members of the BOD posting on here recently trying to sway the votes ?

Be careful out there chaps aim is an unregulated waste land.

All in my own opinion
Of course !

Valirx features in Tom winnifriths bearcast today.

Surely the fact that the company keeps saying that it is surviving by way of creditors would imply it is already insolvent ? To me it says they are relying on credit which would also imply to me that any cash raise would then have to go to the creditors ?

May be wrong, maybe someone more informed could clarify ?

I suggest all shareholders carefully read dr Suzy dilly’s letter and especially this paragraph :

“If the shareholders again vote “NO” then the company will have to find another justification to pass the insolvency test, or accept that test is failed.

But if they vote “YES” then the company can immediately issue 100% headroom of shares, thus alleviating the working capital squeeze, but of which voting rights may be more easily swayed towards voting against the management changes at the shareholders GM.”

Basically you are voting for an immediate 100% dilution which will allow at least 50% of the new enlarged share count to be used to vote against all other existing shareholders thus enabling to carry on ignoring any shareholder request, and thus carry on as normal.

Ouch, basically saying that they are using the first meeting to allow a further fundraise and then use all the new shares to vote against all the votes on the second meeting !

They do have form in this area !

Keeptofacts, he clearly stated he was posting emails that he had received. Not sent.

Noise, no one has forced Morris out, he confirmed he intends to stay for years and years.

Gm not gym

Gym says he won’t stand for re election if and when val 210 gets regulatory approval. Are you having a laugh. That could be another 8 to 10 years away.

Valju, there’s one at 9:39.23am. And has been showing all day since that time ?