Aortech Share Discussion Threads

[harrogate] 28/12/2012 08:46

None I hope since that would mean that they were not in discussions with anyone and we certainly want them to be. You really have got the wrong end of the stick on this. The terms were dictated I am sure by the major shareholder and I as a loan note holder would not have taken the risk at a premium of much less than this I can assure you. Now the StJ case has been settled it all looks such easy money! You need to get real!

[cocker] 28/12/2012 08:24

Now that Bill & Eddie have cash in their golden egg, I wonder how many shares they will purchase in AOR ?.

[scotialoser] 27/12/2012 13:51

For the month prior to the 24th announcement I would have accepted 0% interest and loan note repayment as our case appeared to steadily weaken.The court case writings on cafepharma were not encouraging.At the time of loan note issue all the professional advice I received was to avoid it,as the interest rate was indicative of the very high risk that repayment may be incomplete.Bill and Eddie deserve congratulations on getting this far.I suspect that like me some holders will average a multiple of todays share price .This value would have been lost completely without the loan note issue.We appear to have removed a loss making contract,along with the chairman who oversaw it.The intellectual portfolio must be more valuable without it.The share price fall is probably because many thought SJM would throw a few more million at the problem and buy the company.Landy has explained why this was not of interest to them.Had my cash not been tied up in loan notes for a few more weeks I would be averaging down.

[bear boy] 27/12/2012 12:19

Or another is a one year three year five year or maybe a ten year look at it ?

[papillon88] 27/12/2012 12:03

thats one way to look at it, or since begining of Dec share price up 35p

[cocker] 27/12/2012 11:59

I guess I am . Since St jude rns on the 24th & after todays results, share price down 23p. I guess market daft aswell!

[cocker] 27/12/2012 11:11

Landy , if you think that board members who stand to make 100% for what is a months loan is acceptable, then what can I say. If I was sat around the table with the chance to make that sort of money, would I have ordinary shareholders interest at heart. Its a con & the sort of attitude that I have come to expect from aim listed companies. Lets sit back & see what the market makes of this over coming weeks!.

[landy90] 27/12/2012 10:38

AORTECH asked St Jude for help to move, they were on the verge of running out of money and the July 2011 deal bought them a year but put St Jude in a better position.

[way2000] 27/12/2012 10:36

Wow that was a statement and a half! All in all this looks like very reassuring news particularly as the factory costs are being covered. We look well positioned for a sale of the business. But at what price?

Glad to see Pither gone. He certainly got his pound of flesh.Lessons on how not to behave as chairman. Bill Brown looks like he is on top of this now. Eddie McDaid deserves a pat on the back too. It has been a tough few months for sure.

[bowmans] 27/12/2012 10:14

Does anyone know whether it was St Jude that persuaded Aortech to move to Rogers from Australia, and so get it under US jurisdiction?

[harrogate] 27/12/2012 09:50

The compnay has just said they are cashflow positive. Not sure what else they could have said. For me this gets us 6 months to get it all sorted.

[bear boy] 27/12/2012 09:47

Problem is If you get your money the company has no money ? My money on the seller returning after the holidays ...

[harrogate] 27/12/2012 09:38

The point on the loan note 100% is only valid in hindsight. I am a loan note holder and it now looks like a great thing to have done but I wasn't feeling that in the last month as the court case seemed to be turning St Judes way and we seemed to be in a tight spot. It is with a great deal of relief that I will receive my payment in January 2013. Great risk needs a matching reward and of course it was the largest shareholder who called the shots on the terms.

[gac141] 27/12/2012 09:37

We all know that St Jude needed to resolve this problem. Glad they saw sense.

[semper vigilans] 27/12/2012 09:31

Makes it easier for Yanks to understand English!

[landy90] 27/12/2012 09:27

The paragraphs headed dispute with st Jude and dispute resolution to Bills statement read in a different style to the rest of the statement. Must have been an agreed script with St Jude?

[papillon88] 27/12/2012 09:19

without it we would have been in administration

[cocker] 27/12/2012 09:17

eddie & Bill do deserve some credit , how about 100% premium for starters on their loan notes, will that do.Not bad for a months work if you can get it.

[papillon88] 27/12/2012 09:08

I think eddie and bill deserve some credit here they have worked exceptionally hard to get where we are now. They have to feel confident of the future to warrant the work they have done and its good to see that they will convert loan notes to shares another sign of the confidence of the future