Well that's up to you and hopefully it will work out, but I'm not risking getting wiped out again by shyster directors with Griff involved. Oh and if Trump gets in I think the stock market might be the least of your worries, just surviving the war might trump it, if you'll forgive the pun. |
1347, it's true that delisting is usually a prelude to folding or being taken over for pence, but the share price prior to delistng reflects that. I buy and hold shares until they succeed, or until the bitter end. Perhaps 25% of the companies fold, and a further 30% are in intensive care, but 20% or so do well enough to pay for the failures and give me something to live on as well.
That said, I think the markets are very dangerous at the moment. Only the massive companies look safe, and money is pouring into them so their share prices are sky high and rising. Small companies and even medium sized companies are squeezed. If Trump gets in, goodness knows what will happen. The billionaires are de facto autocrats, and autocrats in the long run usually wreck a country (vide Putin, Erdogan, and possibly Xi). |
As I said at the time I sold before the de-listing, there's too much risk and not enough progress. It's another company that suddendly 'forgets' about all it's past prospects and collaborations and heads off towards new rainbows (I noted in the last update they don't even get mentioned).
Plus I wasn't going to repeat the experience with Deepmatter, where small investors got wiped out post delisting. There is no real market now so it's difficult to know a fair price and sell if you want to get out. Personally I now avoid anything where Griff has a significant stake, but each to their own hey. If it works out for you then fine but I don't 'invest' in companies that shaft small shareholders to the benefit of insiders. |
1347
so what would you have done- as there is little choice? |
Well maybe next time you ask them something maybe you should ask why their last CS01, filed just two weeks ago, stated there were no updates, despite a placing and subscription in April 2024. Do you know who holds what shares? Because it seems to me the shares are now held 60% by just two entities, who are in a position to take your shares off you at a price they chose, anytime, good luck with that, I hope it works out for you but I wouldn't trust this lot as far as I could throw them. |
In my case, because I asked them to. |
Why are these scumbags who shafted smaller private investors (with help from certain major shareholders) bothering to tell us that they've still achieved sod all after all these years. |
stll hlding some in my nominee not seen the report please canyou provide a link or wher can i re-many thanksad it |
Anyone apart from me still holding and following progress? I can't make any intelligent comment on today's interim result and progress report, but would be interested if anyone else has something they feel it is worth saying. |
I'm quite sure he doesn't care but it exposes the way the corrupt AIM casino is rigged and the manner in which that can be exploited by those with large funds and insider information, it's not an open and transparent market. Anyway I don't care how much money he has, as a person he's worthless in my view. |
He owns 17% of Silence Therapeutics which has a market cap of over $1bn .. he doesn't give a monkeys what anyone on a share chat board says |
So another 'scam' company backed by Griffin de-lists, that's at least three that I'm aware of. Apalling behaviour in my opinion. |
i sold everyting in my isa thinking you ca nt keeop as non listed- if they do well with nasddq listing i might buy again- but i read somewhere no guarantee the listing on nasdaq will do it! |
You'll need to have a separate nominee account available for your broker to transfer into. If you've only got an ISA you're probably better off selling .. not sure if there will be charges if they list on Nasdaq, you may also need to fill out a W-8BEN |
dp is that what happens with most brokers to transfer isa shares to my nominee- if anwhen they move to nasdaq- will youbroker charge for the transfer |
Last day of dealings today. I had a letter from my broker saying my remaining shares will be transferred to my nominee account at no charge. Going to hang onto them as I like Mortazavi and don't have anything similar in my pf |
can anybody clarify what next- i have retained a small number of shares in my nominee account |
sold the lot now and can redeploy the money elsewhere- peace of mind a million times better than all this rubbish and greed- post above very good and goes to the heart of the matter |
 Yes, good points. I'm not sure why any fund manager would say: I'll invest in a company but only if it's not listed? If you believe the company has serious prospects then what is the downside as an investor/fund manager to it being listed? Seems more to me that existing large shareholders prefer it to be unlisted as then there is less scrutiny. Makes you wonder eh?
As for the NASDAQ listing, well the pre-cursor to that is usually an OTC listing, well they had that but then delisted at the end of 27 December 2023. They gave just 4 days notice over the Christmas/New Year period, so if there were many Americans interested in the company and taking a stake then they'll be hacked off I would imagine, as are the UK PIs now.
As far as AI is concerned, well I can see the potential and it's a field I've worked in, but there's an awful lot of hype/rubbish being spouted about it at the moment, including by ETX I suspect. Ask yourself this, why have they only ever had a few contracts on the go paying relatively small milestone payments after all these years? Go and look at the last Business Update in January 2024 then look at what's happened since.
By the way if you chose to hold then if it's anything like Deepmatter, which I suspect it will be as Griffin was behind both, then as a minority shareholder you are not going to get much, if anything, in the way of updates and so are very likely not going to realise what's going on until it's too late. I got just a few hours notice when they did the placing and consolidation at Deepmatter that wiped all but the biggest shareholders out.
Personally after this behaviour I wouldn't touch anything Ali's involved in or Griffin is a large shareholder in with a bargepole, even if they discovered eternal life, but that's just my opinion, others should DYOR as they say. |
Very much agree with The Millipede/1347
Nice excuse to complain that fund managers don't understand the potential risk reward in companies in this space. Most are serial destructors of shareholder value while management get paid richly. Hence they want to go to the US which seems all too happy to throw cash at ventures in the hope that one in 5/10 turns into a multibagger to justify the other failures. Or just to ride the coattails of US retail investors who are happy to pump and dump whatever the latest theme is
If they really cared about investors they would have:
1) bought out the minorities or at least put a tender offer in place
2) evaluated a US listing mechanism while keeping ETX listed in the meantime
Instead they are just annoying a large proportion of the retail shareholder base. Question around their fiduciary duty to force a bunch to sell at valuations which they self-believe are too low.
Eric
(no holding, never have) |
FWIW I'll hold onto mine in a nominee account. Not expecting a nasd listing anytime soon given they've just done a decent sized raise at 15p but Mortazavi is a clever guy and I think AI drug discovery is worth a punt |
Ali - I am not invested here and I don’t know what I would do in your shoes.
Might depend on my time horizon. But note there is no promise at all of any future listing so if my horizon were not very long I think I would look to exit. As takeiteasy suggests this move is really about etx being able to raise more capital = more dilution, rather than necessarily any benefit for current shareholders. Silence’s share price has not risen at all since moving to Nasdaq (once you account for the 3:1 consolidation and exchange rate) and at times recently has in fact traded far lower.
You are right to say the vote might not go through. Would be worth also checking with your broker about what would happen to your holding on delisting.
This is not advice. I am here because I wondered briefly about buying some shares for my SIPP which I won’t need for a few decades. But having looked, I think I will pass.
ATB and good luck, TM |
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