Member Info for zebbo

Shocking service level, cannot change some policy details, then have to wait 30+ mins on the phone. No follow up email confirming change and not visible on site.
Then I wanted a quote for a new car. I had to put in "ALL" the details they already have. I gave up and went to go compare. Took 2 mins to get a quote as all my details had been saved
Glad I sold out, shame but they seem to have lost their way

Very strong update, especially when you consider the current economic backdrop

Roughly what % share holding do the Action Group hold.
I may well join although I only hold 100k shares

July - Publication of AIM re-admission document and resumption of trading + General Meeting to approve the transaction
Q3 Regulatory approval and admission of enlarged group to trading on AIM

Has anyone got an idea of Admin timeline. Guess the Administrators will need to move very quick re the staffing situation. There may be loads just jumping ship in a good labor market.
We need a resolution in a couple of weeks or at least a plan for a plan,

I would suggest that any bail out will also come at a cost for the current BoD

However the current board still have a hell of a lot of skin in the game to protect. I'm sure they will be happy to fall on their swords if it means saving and re listing the company

Yeah, sounds good but we need £13M pronto

Feels like OF are just playing hard ball and perhaps forcing the issue. Bottom line they just want their money back. My guess is they are probably feeling some heat from the market in general.
My gut feeling is that we have a 50/50 chance of getting something over the line and relist. There is too much value in the underlying IP etc. Dilution could be big, but potentially positive outcome.
CEO/CFO maybe others will have to fall on their swords to save 4D. However these guys have a hell of a lot of equity tied up, so very much in everybodies interest to make a deal happen

I am also looking to take some form of action. Starting here.....
https://www.gov.uk/government/publications/reporting-misconduct-by-companies-directors-and-bankrupts-to-the-insolvency-service/reporting-misconduct-by-companies-directors-and-bankrupts-to-the-insolvency-service

Always hope, however slim, but all depends on Administrators

Now where was our advisor in all of this. Are they not there to advise and arrange placings / book builds etc

I cannot believe 4D could not raise the funds, considering some of the AIM basket cases that continually raise

Nominated advisor, N+1 Singer,

Anybody still planning to go?

Administration will move fast. 4Ds many stakeholders will want to maintain progress, continuity, keep key personnel etc. They also have a lot to loose. Imagine working on some IP then a competitor snaps it up from under your feet...
I think a Redx solution is very possible here. Not wanting to get anyones hopes up.

TBH any sort of legal action would be flogging a dead horse for zero return

We can hope. I do see this as an outside chance as we have a number of products at various stages...Thoughts?
Anson has led the turnaround since joining the company in 2018, just months after it emerged from administration.
Redx was forced into that situation by Liverpool Council in May 2017 for non-repayment of a £2mln loan, despite having raised £12mln not long before.
Within weeks administrators FRP Advisory sold the firm’s BTK Inhibitor business for US$40mln and in November, the shares were returned to trading on AIM.
This was followed by some radical changes in its board, including bringing in oncology drug veteran Andrew Saunders as chief medical officer.

OF will not get a bean as we are in administration (ie protected). It is down to the administrators to help resolve, a fund raise may be the rescue option. We have not gone into liquidation

All not lost....
The aim of the administration period is to improve cash flow, save jobs, and pay off creditors. If improvement doesn't occur during the administration period and a company remains insolvent, it can ultimately still end up being liquidated.

Ask yourself this. Why have a Q&A session just days before suspension

My guess is that someone is now taking advantage of a trashed SP. I say 20p offer tabled

Shares would not be suspended for fund raise, more like corporate action

Duncan, has to address his poor performance and provide commercial/funding clarity. This will be the catalyst to 25+

You could ask how he thought the presentation was received and the plan to get the SP back to pre presentation level.......and yes, I am serious