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Looks overdone to me. I read the RNS this morning and just thought meh - nothing too bad really

The shorts have to buy back over 2million shares I believe?

Bloody disappointing

Still trading back up above merger price - none of its shareholders selling any shares at all yet the murky market of AIM is down in the dumps. The Nasdaq listing will really help underpin the SP. ultimately it all comes back to valuation - US investors just value biotechs like DDDD at least double that of AIM investors

We’ll find out the next few days...

Short Interest has moved from 1.51% to 0.99% today. That is a movement of -0.52 percentage points. Would be nice to see the shorts pish off entirely.

A few decent size buys and not any big sells from what I can see. Don’t want to speak too soon but has the seller cleared?

StoptheBS! What?!

I’ve read the SEC filing and it’s a monumental achievement. Lots of work done to get us on NADAQ

I would imagine the company will be raising capital on Nasdaq in q2 2020. A big capital raise at no discount to support ongoing trials is my expectation. This is the best part of being Nasdaq - very decent capital raises! The future is very bright

By my reckoning, 25% of the shares of 4D will be locked up for 12 months! Could be a mad scramble for available shares...

Indeed, Terrier. You don't see this level of confidence in most AIM companies with a £120m valuation. People can moan about Duncan, but he has invested heavily here and owns a big chunk of the company. I had this with RockRose energy, when the CEO owned a massive chunk and he didn't disappoint! I love his recent comment on Blautix "you need to watch this space". Blautix phase 3 partnership would more than underpin the entire market cap, alone!

Essentially, there are warrants that can be subscribed for (before listing on NASDAQ) up to $22m. Also, LOAC shareholders can redeem their LOAC investment before the listing. LOAC have irrevocable undertakings from the majority of its shareholders to pass the resolutions but obviously circa $2.5m worth have not (probably retail investors in LOAC). Duncan and Alex are happy to pay £2m at £1.10. Good enough for me..

and also covers shares that may need to be issued as part of the backstop arrangement. Duncan and Alex have stumped up almost £2million of their own cash as part of the backstop arrangement.

Calm down! If you actually read the filing, it is clear that this includes any exercise of the warrants, which are at £1.10...

Jealous, Lunsam! My average is now 104. Hold circa 145,000 shares - eek! Originally wanted to hold 100,000 shares to hold for 1-3 years and make £1million. Simply had to take this opportunity to average down.

Here is my blog note on 4d from a couple of weeks ago. Some of it may be dated now.

https://rrrti.blogspot.com/2020/11/4d-pharma-plc-best-risk-reward-play-on.htm

quite few contenders on here @PhilG. Perhaps we should sacrifice a believer tho, to please the NASDAQ gods

Yes - we are trading at a significant discount to the recent capital raise price... and about 50 percent less than any other Nasdaq listed LBT. Re rating upwards, or US valuations move down, will have to happen in the next two months. If not, there is a serious arbitrage opportunity. Weird given 4D are miles better than those companies valued double it is... big rerate due. I’ll be watching with interest

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