4d Pharma Share Discussion Threads

[yasx] 11/2/2023 19:03

What surprised me is why Armistice decided to back it with funding at the equivalent of 6p given no other party put forward a proposal and 4d conceded that without such a proposal they were out of options. Surely Armistice could have secured themselves a better deal since it appears there was no competitive tension.

Even if this does proceed, 4D need to raise plenty of cash in due course and that will not be simple with deluded Duncan steering matters.

[nigelpm] 11/2/2023 18:06

I'd say (as a completely plucked out finger in the air) chance of it not going through at all is <1% but the chance of it taking a good few weeks longer quite high.

[podium] 11/2/2023 16:51

If Armistice really did blow it up then the commitment of their money would be proven as lacking as that of the under stress loan shark lot at Oxford. However, far from the realms of possibility that the BoD have once more badly fumbled a funding opportunity.

[eeza] 11/2/2023 14:57

"Armistice can extend this date"


"Can" but not guaranteed "will".


You can trust Duncan !

[nigelpm] 11/2/2023 14:20

that's simply voting on the decision.

There is no way this won't go through.

Everyone wants it to happen.

Shareholders, creditors, management, advisors.

It will happen - just a timing issue.

[thiopia] 11/2/2023 12:08

"Notice of seeking decision of creditors by correspondence
Notice is hereby given by (a) James Richard Clark, Interpath Ltd, 4th Floor, Tailors Corner, Thirsk Row, Leeds, LS1 4DP
David John Pike, Interpath Ltd, 4th Floor, Tailors Corner, Thirsk Row, Leeds, LS1 4DP
to the creditors of (b) 4D Pharma Plc, Interpath Ltd, 4th Floor, Tailors Corner, Thirsk Row, Leeds, LS1 4DP
This form must be received at (c) Interpath Advisory, Interpath Ltd, 4th Floor, Tailors Corner, Thirsk Row, Leeds, LS1 4DP
by 23.59 hours on (d) 10 February 2023 in order to be counted.
Under Rule 15.28 a person is entitled to vote only if they have given to the Joint Administrators, before 23.59 on the decision date, details in writing of the debt which they claim to be due to them from the company and the claim has been duly admitted under Rules 15.28 and 15.33.
Any creditor&nbsp;whose debt is treated as a small debt (ie. £1,000 or less) must still deliver a proof of that debt if they wish to vote.
Any creditor who has opted out from receiving notices may still vote, provided they provide a proof of debt.
Creditors who meet one of the following thresholds: (a) 10% in value of creditors
(b) 10% in number of creditors
(c) 10 creditors
may, within five business days from the date of delivery of this notice, request a physical meeting be held to consider the decision(s). In order to do so a creditor must complete and return the physical meeting requisition form available on the Insolvency Portal at www.ia- ;insolv.com/case+INTERPATH+FM624A1433.html "

[the donald] 11/2/2023 11:38

Just spoken to my mate who is an administrator. Said the court hearing could have already been done as it is a simple process. Do advised emailing the administrators about it. Also said Armistice could change that date if they wanted to.

[the donald] 11/2/2023 09:23

OK, thanks for the feedback. I'll post on here if I find anything out. I'm waiting a call back from a mate who's an administrator ( insolvency practioner ). Hoping he knows how to find out court hearing dates.

[amaretto1] 11/2/2023 09:21

It was lodged with the Courts on the 16th of January... same day as vote conclusion. Other than this i don't know !

[the donald] 11/2/2023 09:16

Amaretto. This needs to be out of admin by 14th Feb at 8am. A court needs to approve exit from admin first. I guess this will be the Administration Court in Leeds that rules on Administrations. Any idea if this hearing has taken place?

[nigelpm] 11/2/2023 09:00

No one else heard it or reported on it and on 2nd Feb amaretto posted that it was "imo".

[the donald] 11/2/2023 08:40

Amaretto, I wasn't at the meeting. Did DP expand on why he saw it at a 75% chance?

[nigelpm] 11/2/2023 08:16

Likely they'll just postpone as needed.

[eeza] 11/2/2023 07:04

3 days left

The Company needs to exit administration by no later than 8.00 a.m. (London time) on 14 February 2023;

[nigelpm] 08/2/2023 15:45

lol - not referencing me but others might take a different view. Just because you post anonymously on ADVFN doesn't negate that risk.

[nigelpm] 08/2/2023 15:41

Quite. Also needs to be careful what he writes... threatening or appearing to on social media isn't taken particularly favourably with the law.

[arab3] 08/2/2023 15:34

i think you should try the anger management meeting lol

[nigelpm] 08/2/2023 15:28

Not especially - what worries me a lot more is the stocks I'm interested in you also are. That's a major worry to me.