Eirx Therapeutics Share Discussion Threads

[ian l] 05/9/2014 19:07

The weeks keep on rolling by................

[dpoint] 29/8/2014 21:02

This SCAM must be starting soon?

[teasle] 29/8/2014 09:10

Thank you S.K. and Mike.

[alby220] 27/8/2014 14:06

Thank You S.K

[sicilian_kan] 27/8/2014 10:04

Mike posted the company's latest update above. If there was any
development ready to be reported, the company would let
shareholders know.

Worth re-reading the update Mike posted...


Mike111D
21 May'14 - 17:18 - 1550 of 1585 2 0
Moderate
|
Ban


FYI, the following statement has today been added to the Eirx
website:

EiRx Therapeutics PLC

Chairman’s Statement for the Annual Report for 2013

Shareholders will be aware from previous statements, that the Bank
of Scotland reneging on their facility offer, gave the your
directors no alternative but to put the wholly owned subsidiary,
Eirx Therapeutics Ltd. into liquidation, resulting in a loss of
jobs and intellectual property. At that time the directors would
have been justified in closing the group down totally. However with
sufficient potential licence income to cover statutory payments
only, not including any fees or salaries, the decision was taken to
support a major shareholder, who was the guarantor of the bank
overdraft facility, in his legal action against the bank. Eirx were
not in a position to support the legal action financially, so made
no fiscal contribution but have an agreement that gave a share of
the proceeds once a specific financial quantum had been overtaken
in the event of winning the case.

In the light of this agreement and the positive legal opinions
being stated, discussions were commenced to put three separate
companies, all with synergistic therapeutic candidates, together
and use the company as the vehicle to restore this more robust
entity onto the AIM market to the benefit of existing shareholders.
The process of negotiation and the amount each of the entities will
input prior to the proposed IPO is currently in its last phase and
so the hope is that this will make the last three years of
austerity and frustration worthwhile. These discussions are yet to
be finalised so are not definite and your directors, for very
strict legal reasons, do not know the quantum of the settlement
figure agreed by the bank at the beginning of the year. So we have
done our best to maintain shareholders interest and now trust it
will pay off to the benefit of the shareholders

John K Pool

Chairman

[teasle] 26/8/2014 17:37

Bearing in mind how we survivors supported the company by
subscribing more and more money, the directors should, at least
give us an update on what is happening.
It is grossly unfair to leave us high and dry in this manner.

[alby220] 25/8/2014 09:58

Has anything constructive come up, in respect of re animating ERX as Yet ???

[ewads] 16/8/2014 08:12

Sorry - I forgot the obligatory 'lol' from earlier post

[dpoint] 14/8/2014 18:13

News on the way, IPO on the way, SCAM on the way

[ian l] 05/8/2014 21:06

I hope so.

[ewads] 01/8/2014 22:36

There is nothing 'for very strict legal reasons'.

[alby220] 01/8/2014 16:47

Anything ??????? The Silence is deafening !!

[pwhite73] 15/6/2014 22:14

I see you've had the common sense to remove that pointless post. This is a proposed IPO not a listing or a relisting. If new investors cannot be found then existing share holders will be required to stump up even more money if the company is to stand a chance of a listing.

[pwhite73] 15/6/2014 21:35

What a load of complete and utter rubbish. What settlement is this with BOS.

The mentioned IPO has sweet FA to do with the settlement and is in fact I believe the third attempt to relist this rabid dog on the AIM. Please note JP refers to an IPO (Initial Public Offering) and not a relist. What that means is that like the last two failed attempts the directors will be looking for punters money once again to get this Canis Lupus Familiaris to stand on its two hind legs.

must dash

[mike111d] 14/6/2014 22:18

R D Felcher
Profile Created
13 Jun 2014

.... another one for the trash can ;-).

[r d felcher] 14/6/2014 21:23

Mike111D
9 Oct'11 - 18:38 - 1 of 1573 0 0

Many thanks s_k and as you say hopefully this thread will have a limited shelf life.

[smcl] 14/6/2014 21:14

While some positive news after three long years - IPO could still be some time off. Anyway here's hoping sooner rather than later.

sm

[stenick] 12/6/2014 17:53

Oowh that's dope.

[ian l] 11/6/2014 20:50

Maybe he's a coiled spring !!

[stenick] 10/6/2014 16:29

No, it's very clear, means he's run out of steam IMO.

[1000poundman] 06/6/2014 00:36

About as clear as mud that statement....?

[ewads] 04/6/2014 09:10

Past Performance is Not Necessarily Indicative of Future Results