Mereo Biopharma Share Discussion Threads

[skintvestor] 06/11/2006 12:12

And, in the meantime, another little tick up!!!!!

[momentos] 06/11/2006 12:09

Yes, potential liability closed out.

These two clauses in the contract were disclosed in the Judgement:

6A.1 to give his full support to the licensed products and brand and to take all reasonable steps to promote and market the same, including without limitation, spending sufficient time and care on the design of the licensed products, personally promoting the licensed products in the press and through personal appearances and making himself available for all reasonable publicity activities which Artpower wished to undertake in order to promote and enhance the licensed products; and

6A.2 to grant additional European territories to Artpower once the Licensed Products and brand were established in the UK.

It will be interesting to see how these issues play out.....

Anyway, it looks like a seven year agreement from about 2003 so unless they negotiate out (or there is a notice period under the contract) they are stuck with each other for another four years! Perhaps more entertainment to come in the future?

[tuftymatt] 06/11/2006 12:09

Nice one PP2,

Good result for you on the weekend I see....LOL

[gumberr] 06/11/2006 12:08

tuftymatt -in view of the companies performance based on RNS's its fallen back too much regardless of todays news -thats our point.

[premierpompey2] 06/11/2006 12:07

tufty
LOL.
The other words were:
"Dear Harry. We are terminating your contract because we want you to go to Southampton and get them relegated, then come back. Mum's the word!"

[tuftymatt] 06/11/2006 12:07

taffee,

While as a holder you have every right to enjoy the news today and expect th kind of higher share price you are seeing today I do feel, along with others who have posted wise comments this morning, that you cannot expect to see such a huge rise just on the back of this news.

The results will, I hope for all holders, set out how the company will move forward after the loss of YSL and only this will allow a share price prediction of anything near what you are saying should the news be good.

[gumberr] 06/11/2006 12:07

well said taffee! a bargain anyways! ripe for takeover too.

[taffychaff] 06/11/2006 12:01

I believe boetang was looking at getting millions from mph....now no liability at all.

No stopping the march to 200p(40p old money)

[gumberr] 06/11/2006 11:57

Read the company outlook in AGM -company with huge orders and profits -the rest is just there to gossip about for the gossips out there!!!

[tuftymatt] 06/11/2006 11:54

Todays post from Premierpompey2 are the most sensible words ever to be written by a pompey scummer....LOL

[momentos] 06/11/2006 11:54

Just a word of caution.

Although Marchpole won this bit of the case, that is not really the full story. The original judgement of still stands.

The bit of the case they have one is appeal against a judgement subsequent to 28th July that OB could end the license agreement and was due damages.

In summary ( missing out the minor rucks over free Bentleys, shares etc!)

1. Marchpole tried to avoid paying agreed amounts to OB on cessation of the Debenhams O-Z range (150K) - LOST.

2. Marchpole tried to close down an OB outlet store in Bicester selling similar priced items to theirs - LOST.

3. OB having won 1 & 2 tried to get the license terminated for Breach. Initially Marchpole lost(Dec 2005), but now have WON on this appeal.

4. OB tried to claim compensation for lost income due to Marchpole not performing under the contract. Initially Marchpole lost but WON on this appeal.

SO not quite the stunning victory claimed, but the welcome closing of this little chapter will be helpful to say the least.

Marchpole has to pay the contractual amount and costs from the first trial, OB will cop the costs from this latest bit. As usual, the only winners are the lawyers.

[premierpompey2] 06/11/2006 11:39

peter
I think the effect will be more long term than a quick 20% or anything. materially it doesn't make a huge amount of difference, but it might make people look differently at how the company is being run and see it as less of a risk.
I still think it's really the YSL thing 9and some concrete figures to go with it) that needs to be completely put to bed before we see the big rises.

[petersinthemarket] 06/11/2006 11:20

As a self-confessed lurker on this site (post 1513), I am genuinely pleased to see some signs of a boost for you guys.

Cant help wondering though. When the initial euphoria has settled, how much of a drag was this particular action. Surely there are other issues to settle yet.

In other words, how much longer term difference is it likely to make on the upside.

I'm still tempted to hover a bit longer.

Best wishes to all holders,
PIM

[jason8466] 06/11/2006 11:08

the fireworks are a day late. Yes WBJ the only certain voice in a sea of uncertainty. And Mr Morris 'i will make you rich' is doing the best he can, despite all the knockers. Interesting times ahead. Look for an update from 'the naked trader' lol.

[wbjunior] 06/11/2006 11:03

Great news for all holders and thanks for the kind remarks, had a lie in with mrs wbj so I missed the opening bell. Should gain support moving forward now and enable all holders to have a great Christmas free from uncertainty.
Tufty hope your coming back on board, everyone has missed your inputs as well as Momentos..........................Happy days and as always holding firm........wbj

[fardistanthills] 06/11/2006 09:49

Amazing. Of all the things MPH has got going for it, this was not one. Hopefully the decision has come in sufficient time ahead of the HY Results to allow any previous cautionary provisions to be reversed. As someone else has said, well done WBJ for keeping our spirits up.

[daza70] 06/11/2006 09:30

picked up 20000 this morning

[zinyowem] 06/11/2006 09:26

'bout time....was seriously thinking of pressing that sell button. Right here comes the profit.

[taffychaff] 06/11/2006 09:24

another 5000 for me....will keep buying up to 115 then hold

[spaceparallax] 06/11/2006 09:19

Wonderful news - one nagging concern removed!

[taffychaff] 06/11/2006 09:17

market makers have no choice.......just like the move from 12.5p to 26p

[cr4zyness] 06/11/2006 09:16

Just topped up by £5000 looks like it will be set free now!!

[daverw] 06/11/2006 09:14

taffee, Hope u dont mean that lol
Thanks wbj, your eternal optimism has kept me here.
regards

[daza70] 06/11/2006 09:12

fantastic - a weight of the shoulders

[taffychaff] 06/11/2006 09:11

no reason for this to be at this level 30-40p is more realistic but still very very cheap

michael morris certainly 'gets the job done'....well done