Member Info for RuckRover

If it is £8 at the first stop I'm selling a few and upgrading to first!

Lol. Just a few left-overs I think Ray!

Hasiba,
Good luck with the investment.
Don’t forget the train has classes..
First Class - big institutional investors
Second Class - directors
Cattle class - Small PIs like you and I

Rats,
My money has gone as well.

LL,
The other aspect is voting rights - a party may support or reject a takeover. The CLNs don’t carry voting rights, they only do when converted.

Bunsie,
I can figure out variables, it’s understanding what they mean - if anything.
Redmile have dropped under 25%. Is this a significant threshold - I don’t know.
Even if it was, Redmile could convert just a fraction of their CLNs and get back above 25%. Their problem is going to be keeping under 30% so they presumably have to sell at some stage before they can convert.

Bunsie,
Have a look at moonparty’s 15:14 and my 15:15. We posted the same thing simultaneously.
We too are struggling to make sense of it.

Bermuda,
"The 6.2p CLNs are interest free"

So what gives with the 6.1p purchase price rather than 6.2p?

Moonparty,
It does look like they have made some interest even selling so soon.

Moonparty,
Sorry, posts crossed again. Shows we are thinking on the same lines though!

I don't get it. Why is this positive?
Vulpes can convert any time they like at 6.2p. (BTW, this latest CLN was done at 6.1p I can't explain that either)
They have absolutely nothing to gain and could lose (unlikely) if the SP dropped below 6.2p. I suppose you could argue if they bought at 6.2p, sold at 14p and it THEN dropped below 6.2p they would be quids in. If that's the tactic, this is a negative not positive.
I suggested (as did moonparty) that it was to secure voting rights. This reduces Redmiles's holding from 25.48% to 24.91% and increases Vulpes holding from 13.38% to 15.31%.
Thinking about it, Redmile could easily nullify this by selling some of there own CLN's and getting back above 25% (but keeping lower than 30%)
Look out for an RNS tomorrow. Either way, somethings afoot!

Moon party,
Sorry, posts crossed I repeated your point about voting rights. CLNs don’t carry voting rights.
I don’t think these shares will be eligible for the OO either.

Ratty,
No it’s NOT a million pound inbound. The money was already there.

Bermuda, Ratty,
Yes, the cash for all the CLNs is in Scancell bank already. It’s merely converting the debt to shares so now 738m in issue.

Reasons/impact
Well, it’s not a case of “Vulpes want more shares at this level” as has been pointed out already, the price is fixed at 6.2p and they have two years to convert.
Buying at 6.2p and valuing them at 14p will show a healthy profit.

One other possible reason - they get additional voting rights. Why might they want them with a GM coming up?

Ray,
The market for renal cancer is currently 9 billion USD per year. I'm not sure if Modi is suitable for all types but just a 10% market share would be worth 42p per share.
Add that to the other 3 and I get £1 per share for MODI1 alone.

AB, I'm sure there is still time for some, I think Halifax must be one of the earliest deadlines.
So check you have accepted the offer if you wish to do so, specified the number of extras you are applying for and make sure you have enough CASH in the account to cover the total requirement.

Thanks Ray. I'll add that to my model later today. I know no one can come up with an accurate price, there are too many variables. I just use it as a sanity check to stop me dreaming too much! Anyway, my sanity check says 13p is "cheap" so I have applied for excess in the OO. What I don't get I'll buy on the open market. We drift back to the offer price until the news starts coming in.

On my platform (Halifax) the deadline is midnight TONIGHT (25th October)
So I suggest you all check your corporate actions documentation with your provider.

Ray,
I have the same dream, a bit blurry so I couldn’t see who the batsman at the strikers end was.
Hang on, you support Burnley, are from Lancashire, dream of saving England - are you Freddy Flintoff?

Back to topic - MODI is still the jewel in the crown as far a financial reward. I’ve got 61p on mod1. I only have three targets - TNBC, ovarian and head and neck. What am I missing?

Wild,
I wouldn’t bother with the US. The method of administration (whisky glass to lips, into mouth And swallowed) won’t get FDA approval.