Member Info for Sangijuelas1

The pay raises date from July last year.

Looks like crypto is about to blow up.

Celsius have suspended withdrawals, Tether likely to go the way of Luna so BTC will suffer.

Hopefully the fallout can be contained.

So surely you need to just sell up otherwise you are behaving somewhat irrationally.

If I don't like a stock I sell it.

Weird

Resolution 3 is binding

You can't vote against the salary raise, which has been in effect since last July. The vote on that is Resolution 2 and it is advisory only.

Resolution 3 is a vote against the Remuneration Policy for the future.
This includes authorising an annual bonus for the Executive Directors of up to 100% of salary and agreeing to Long Term Incentive Plan awards in stock of up to 200% of salary.

As I suggested the US CPI data is very bad so it rose to 490 then promptly dropped to 480 when it came out.

So there's a selling bot that aligns with Nasdaq falls but someone is buying and I suspect it's a short reducing.

Shame the CPI was so bad. Think Nas will be down over 5% today

Porky some people are saying mean things about you on 4D.

You better tell them to all FO as you are so fond of saying

They were valued at $1.5bn. I actually thought their business was all about the hardware wallets.

But the 20% global crypto assets are from exchanges that use Ledger to secure client holdings

Also this. The first link mentions participation in Ledger investments from French public bank.

https://blockworks.co/cryptos-future-is-self-custody-dealing-blow-to-exchanges-ledger-vp-says/

They are introducing a way to connect the crypto wallets to web 3 platforms

https://www.google.com/amp/s/techcrunch.com/2022/06/08/crypto-startup-ledger-cathay-innovation-new-venture-fund-blockchain-security-investment/amp/

Interesting piece on Ledger. They have launched a seed fund with Cathay Innovation, who led their last round.

Apparently Ledger have been profitable for some time now and have already made investments of their own including an NFT company that Nike ended up buying. They say they have 20% of global crypto holdings in their hardware wallets. Recent disclosures by Coinbase about security of assets on their platform has put an even bigger spotlight on benefits of hardware wallets.

Nice to have exposure in web 3 in the portfolio as there are a lot of problems in crypto markets but I don't think the tech is going to go away.

Just hope MV don't want to get to close to Andreessen Horowitz in the future

I read a lot of anti crypto, anti blockchain stuff so I am far from a Crypto Bro and hope to avoid having any for the foreseeable future.

Also the 2 that had stable disease in Part A were kept on treatment.

I wondered why it was discontinued as soon as 6 months was achieved.

I asked 4D and they said it was a clinical decision.

I think there was a partial reduction in one of the patients for a while but I think it needed to be for a certain amount of time and they either progressed again or developed another tumor so couldn't be classed as partial response.

Very unlucky with that patient.

They also said at one point that they were delaying release of 0518 interim data because they wanted to release biomarker data at the same time.

But they didn't release any biomarker data with the RCC readout.

At least if investors are clued up about the need for a raise then they don't need to be shocked if one happens and so no need to panic and crash the price as often happens

Who knows? Maybe Merck will want to participate again so they are not diluted. They did last time

Michael it was partly the Oxford thing. When Oliveira was selling, the thought that Oxford had opted to lend 4D money gave me confidence to keep buying. To find out the conditions of the loan were that over half the initial tranch could not be spent unless they raised $44m by 01/04 was disappointing.

It also showed that a raise had been planned to take place prior to 01/04 but for some reason didn't. Maybe because they were operating with the 40% limit and the SP was not favourable?

I also hoped for more from the 0518 interim readout. The stable disease outcomes are noteworthy but if they had achieved 2-3 partial responses I think there would have been more scope for getting an accelerated approval.

As it stands we are going to have to wait a while longer, although if a raise is successful that could actually lead to a rise in the SP even if done at a discount.

If they can raise the $45m it will show that investors have confidence in them and also in the bear market biotech investors are looking for companies with cash runway into 2023/24

Yeah you are correct MHB

Wasn't looking to mislead. I imagine they want 9 because they want to raise on Nasdaq and harder to get UK investors on board there.

They could possibly use Primary Bid app as a tool to raise from existing shareholders

We nearly touched half of NAV which would have been 462p.

Oh well maybe later

US CPI out later so any further deterioration there could lead to further declines.

But will any short positions close out given the potential for a restatement of NAV and good forward outlook on Monday.

Yesterday and this morning have definitely had the feel of a concerted dump by shorts possibly prior to reducing their position.

As for management buying more I am not that bothered. Alex Chesterton bought a $1m of Cazoo stock a few days before announcing the hiring freeze and 10% cuts.

I would rather they focused on the business than their personal finances.

Utterly delusional. Why would you choose to ignore what the company themselves have said in the Reasons for Resolutions 8 and 9?

That any partnership payments are not going to be forthcoming in the short term so they need to raise equity to fund the next 18 months.

The annual report says they need $45m.

If they don't achieve the funding they will be in deep ****.

It is all laid out in black and white. Try listening to what the company is saying rather than the magic voices in your head.

I come here to stand up for truth as I find Porkys lies offensive. He induces the same urge to puke as our Prime Minister does.