4d Pharma Share Discussion Threads

[yasx] 26/6/2022 18:32

Purchase,

The going concern statement on April 1st is, with hindsight, misleading...

The Directors "have a reasonable expectation that they will be able to secure sufficient cash inflows into the Group to continue its activities for not less than twelve months from the date of approval of these accounts"

Given they had failed to secure $45M by that time, and needed much more fir the next year, if they had failed in their endeavours to raise 45M, and with the shares slipping did they really have a reasonable expectation of raising such a lofty sum.

Or was sit all utter nonsense as now appears to be the case?

[amaretto1] 26/6/2022 18:28

Any one with ANY information... should forward it to the Administrator !!

[yasx] 26/6/2022 18:27

Take up a loan of $12M with the caveat you must be able to raise $45M within a few months or you are in breach of the loan giving rise to a default that will cause you to lose the entire Co.

I mean, if you can raise $45M then surely there is no need for such a stringent loan on such egregious terms for such a pitiful amount. It really does not add up as one poster above mentions...

[purchaseatthetop] 26/6/2022 18:27

There would have been a number of informed people who knew about the terms and covenants who knew by late March that no equity raise was happening so a short was a one way certainty. It is just sad that no PIs knew about the covenant and the BoD did not clarify it. Stupidity? Planned? Nobody will ever know but it stinks and the BoD should be behind bars. Ever the way.

[yasx] 26/6/2022 18:25

Katsy,

Seems very coincidental I say....

[yasx] 26/6/2022 18:25

That loan does not make sens on any view.


The amount obtained was a pittance relative to annual spend. The clauses attached to it meant that drawing down the full extent of it was almost an insurmountable task unless they achieved many things, such as various milestones for accessing further tranches and raising $45M by end Q1 to satisfy the first tranche.

The point is simple: If they could conceivably raise $45M between July 21 and Q1 22, then why on earth would they sign up to a loan for a few million only with the risk that the Co's assets would go in the event of a breach of the terms of that loan.

It seems remarkably suspicious....this has nothing to do with prevailing market conditions which were favourable in 2021 and everything to do with signing up to a deal that with hindsight was destined to fail. i will not go so far as to say it was designed to fail.

Will be interesting to see who ends up with the assets and it would be scandalous if Duncan was a part of any such outfit, whether as shareholder or employee.

An investigation ought to take place, but, naturally, it won't. If Duncan ends up at another listed outfit, any shareholder here that has lost out should do his/her best to warn others of his background.

[amaretto1] 26/6/2022 18:23

No it doesn't smell right or sit right on any level ...I've taken seriously educated legal advice today ! They see in simple lingo ...A gross mismanagement by DDDD and there advisers ... it stinks !! Like I've said earlier .. We will get to the truth !!

[mark10101] 26/6/2022 18:21

Interesting views.

[one_frankel] 26/6/2022 18:20

If investors truly believe it doesnt sit well YasX, get together and fight it but I'll tell you now that there are just way too many ifs and buts which can be easily manipulated by them eventhough I completely sympathise to such a disconcerting situation here.

[katsy] 26/6/2022 18:19

I wonder if there's a connection between Beck's death and the Oxford loan.

[one_frankel] 26/6/2022 18:13

Willing parties dont just short without due cause for concern as their risk is highly elevated through such actions...And you're blaming everyone else with pure speculation which i doubt can even be substantiated except for the 'Grinder' who have been incredibly shortsighted and blatantly incompetent...What were 4D thinking back in 2021 when signing that truly unfavourable contract!

...Take an example with Burford Capital, has anything ever come to light with their infamous short attack...nada and they work in litigation!

[yasx] 26/6/2022 18:07

I just cannot accept that Duncan and the CFO were so absurdly inept to allow this to happen - there are a lot of question marks....

On the 23rd of March, 2022 they released the Keytruda data. They knew at that time that they had no funding option and that they needed funds imminently. Thus, with the shares having reached around 80p that day, it would have been entirely appropriate for them in advance of that data or coinciding with it to raise funds by way of a placing since they had the authority to do so. Even if they raised at 40p at the time, they could have got rid of Oxford and the noose that the loan placed around their neck in order to evaluate more reasonable options for the medium term.

But, to do nothing and leave it until the 23rd of June to try and liaise with Oxford beggars belief.

When you view it as a whole through the lens of a cynic, Beck dies, a week or so later a loan is agreed with Oxford for a sum that is insignificant in relation to their overall spending requirements, the loan has stringent covenants, breach of which allows them to take everything since that it how the loan was secured. Even someone with the educational background of Angela Rayner could have worked that out..The Co. realise they are in breach but despite having the option to raise to offset that elected not to do that.

It does not smell right.

[amaretto1] 26/6/2022 17:59

So Oxford finance was in on this whole episode.... useing SO stock to short it down ?? Imo yes Conflict of interest ? Business acumen ... manipulation ?Not sure .... sent all trading patterns and concerns to SEC !! Await reply....One thing ... I hope Duncan you were not involved with this .. I really do !!!

[yasx] 26/6/2022 17:55

Jaknife,

Re your post 7507.

Yes, they had. i referred to it in my earlier post 7411.

What might have been slightly misleading (and I certainly believed them at the time) is when in the finals on the 1st of April they indicated they reasonably assumed they would secure sufficient funding through various financing solutions they were exploring. That clearly was nonsense although one could never prove that since they will aver they thought they would but things changed and so on. In reality I think they never had any indication from anyone that any financing would be available to the extent needed. Certainly by 25.05.22 it was evident they only had the possibility of a placing and that looked grim given the price of the shares at that point.

[amaretto1] 26/6/2022 17:53

The bones ..... DDDD defaulted on payment to OF M518 Results released ....Caused spike to 77 pence !! Heavily Shorted down, Nasdaq volumes huge ... points to USA based hedge fund .... OF ? .... SO ? Huge Shorting activity to drive share price to a point were raiseing money very difficult .... Are OF and SO in cahoots ... any proof of overlay ?

[nigelpm] 26/6/2022 17:20

It's £85m and would require "same business test" as noted above - it's interesting nonetheless.

[williamcooper104] 26/6/2022 17:10

Yep - and if you change the capital structure you can also lose the tax losses It's much harder than it used to be to utilise acquired losses; and very little if any value will be attributed to them

[purchaseatthetop] 26/6/2022 16:56

Loaf. “Same business test” makes that very difficult.

[loafofbread] 26/6/2022 16:47

It is worth remembering 4D has close to $200M as a tax loss sitting on the balance sheet.

To a profitable company this can be offset, so at 19% (potentially 25% soon) corp tax this is worth $38M.

A company could buy 4D for 10p a share, approx $24M and then clear the debt of $14M.

You would effectively get all of 4D for no cost.

4d should have a data room set up with everything available to interested parties.

[buy2sell1] 26/6/2022 14:52

ANOTHER SET OF RAMPING CLOWNS & LOSERS BITE THE DUST !!!
=====================================================



4d Pharma has gone into administration and that is likely to wipe out hundreds of small shareholders (that ignored all the danger signals and didn't sell, sell, sell)

4d Pharma previously took out a $30 million loan with Oxford Finance, handing all its assets over as collateral.

However, the lender has now called in administrators from Interpath Advisory.


Amaretto1 + Sceptical Investor + Millennial Investor + millie custo have all gone into hiding now !!!

[one_frankel] 26/6/2022 14:52

So if thats what you're led to believe PWhite, seems rather ominous and incredibly bizarre as to why the one & only secured creditor 'Oxford Finance' wouldn't provide the necessary financial assistance when they had not only the most to lose but the greatest to gain except they then expedited the whole process of administration!

...But seriously are you for real here buddy?

[pwhite73] 26/6/2022 14:48

The administrators are not debt collectors they are there first and foremost as company rescuers. They have been appointed to rescue 4D.Speak Later

[one_frankel] 26/6/2022 14:44

...And there he is BoxerDogz or better known as Mahmood but why don't you tell the masses how you tried to deceive investors on the Pires thread with all your fantasising as renowned investor Stephen Jones but we soon discovered that you're not and are just an unfortunate fra_ud from the shanty towns of Birmingham, aren't you?

...Ohh by the way, I thought I was filtered Mahmood but surely not more fantasising again from a fu_ckin blatant fra_ud hey.

[boxerdogz] 26/6/2022 14:41

Lock up your sons and daughters , there's a Norf Landan wrong un about


XXXXX

[katsy] 26/6/2022 14:41

algernon226 Jun '22 - 11:54 - 29797 of 29822
0 1 0
So because they all had badges on it's a big conspiracy? Of what? for what ends?
Spell out what you mean; or yes we may call you a conspiracy theorist.

Because they're all working towards tis same agenda.

You'll own nothing and be happy...