RE: Redmile18 Oct 2020 11:14
AB,
I posted this on ADVFN earlier. I did try to post here yesterday but my screen refreshed and lost what I had typed - twice!
Morning all,
Just to add, I thought the whole Redmile investment was agreed up front, it is inconceivable that having invested GBP 7 Million, they come back a few weeks later with another GBP 30 Million.
If you look at the end result, Redmile end up with 35% of Scancell for an average of 10.6p. I guess Vulpes wanted a share of the action but did not want to pay the premium. Hence a first tranche at 5.5p that Vulpes could take part in, and a later at 13p for Redmile only, with Redmile paying 10.6p overall.