Motif Bio Share Discussion Threads

[scottdavid70] 09/6/2021 09:27

Nothing will restore my faith in Motif Bio or Jonathan Gold or Graham Lumsden or Brice Williams or Chris Wardhaigh

You don’t behave the way they do if you have 1% moral and ethically values in yo body.

They are devoid of any human qualities that are decent. They are all the epitome of all the 7 deadly sins

[scottdavid70] 09/6/2021 09:24

Tutte- the last comment you made about the Director’s getting the better of us is basically everything that is wrong here.

They should have been working in our best interests as is their job description and it’s clear even to you that they haven’t. They have only looked out for themselves.

Which as you say is an excellent place to start if you are looking at your options legally to redress the injustice here

[w t tutte] 09/6/2021 09:13

SD70, Given the way you feel at very least you should write a letter to the FCA and SFO. I hope the RTO restores some of your faith and fortune ATB.

[w t tutte] 09/6/2021 09:11

Go on then furry and chuffer, how many shares do you have. Out of the @900 million +(include the warrants) that are entitled to vote I bet it does not even add up to a hill of beans. Wishing you ATB but it is clear that this is probably your first rodeo, it is probably time to man up and move on, accept the MTFB directors may have gotten the better of you, lesson learned.

[scottdavid70] 09/6/2021 09:10

We know why - it’s because Hercules Capital have voted for this travesty of a deal through their massive warrant holding.

I am under no illusion this legalised fraud is going ahead but karma is warming up in the background for all of the players in this display of grotesque greed

The nagging knowledge of what they have said but then done will slowly eat their souls

[w t tutte] 09/6/2021 08:50

No one think it is a bit odd that the GM is being held in New York ? Go on I am sure you guys can work out why.

[w t tutte] 09/6/2021 08:09

Thinking about it the other reason I think it will go through is that nobody, not the directors, not brokers, not BiVictix has made any real attempt to sell the deal. Think about that for a moment, if the directors are so desperate for the deal to go through and they were worried it would not you would have seen communication coming out of the wazoo. It tells me it is already a done deal, I suspect they had sufficient proxies prior to even announcing the deal.

[w t tutte] 09/6/2021 07:47

furryguy, disagree for most investors the RTO brings a (very) little something and some hope of more. I will take that over the alternative which is nothing.

[w t tutte] 09/6/2021 07:44

Yes, you summed it up pretty well.

Want the directors to pay, go after them for negligence or fraud, it is the only way.

Given the lags between the various layers for most the final voting deadline has passed, we will see what Monday brings. My prediction is that the RTO will be approved by a substantial margin as in my view it is clearly in most peoples interests to get something rather than nothing. If I am wrong will happily hold my hands up and let you tell me you told me so. ATB

[scottdavid70] 09/6/2021 04:46

So we have nothing for our listing
Nothing for our tax deferred credit $18 million
Nothing for Iclaprim
Only something for the meagre cash they left in the bank

yet the Directors stuff their pockets with free warrants and shares at preferential rates to shareholders

Watch activity around Iclaprim happen in the next few months as well, now that Directors have free skin in the game as they didnt before because they never bought shares in Motif despite professing how great Iclaprim was.

None of this in the shareholders best interests only theirs.

They are should be simply declared unfit to be a part of any company as a Director from here forward. It's impossible to trust a word they say so how can they be Directors?

[furryguy] 08/6/2021 19:09

Tutte 'Shareholders in aggregate will take something over nothing, few will have the principals of you and SD70'

You don't need principles to vote no when you are wiped out anyway. The BOD have given us a huge incentivr to vote no. You sad plants make no even more satisfying.

[philoosh] 08/6/2021 10:47

i suppose anything is better than nothing

[w t tutte] 08/6/2021 10:13

A new share ? We will not know for sure until they start trading but 20p per new share is the price the new investors are paying for their initial shares.

[philoosh] 08/6/2021 09:34

how much would 1 share be valued at?

[philoosh] 08/6/2021 09:01

got this email this morning....

The Board of Motif Bio Plc has announced a reorganisation of the company's share capital. Shareholders as at close of business on 14 June 2021 will have their holding consolidated, receiving 1 new share in place of every 220 shares previously held. At the same time the company has proposed it will rename to BiVictriX Therapeutics plc.

The new consolidated Shares are expected on 15 June 2021. Please note we will credit the Shares to your Account upon receipt from the registrar which may not be before 8.00am on 15 June 2021.

[scottdavid70] 08/6/2021 08:27

Anyone who keeps Jonathan Gold as a Non Executive Director isn’t a company I want to be involved in

[w t tutte] 08/6/2021 08:03

Chuffer, If you were to vote yes I would say you would be doing it for yourself. Everything you have highlighted is done, not voting yes has almost no impact on any of those issues, if you think it will have any significant impact on the board I think you are deluding yourself. I will not pester you any further you are clearly very angry and highly principled.

I look forward in a week or so to disusing our new board, new management team and new business prospects . ATB

[chuffer2] 08/6/2021 07:52

Ok Tutte you convinced me.
Let's give the yes vote to the bod who lost $160 million and now value 100% of the company for 600k.
Let's give the yes vote for the bod who never bought a share but end up getting twice as many shares as All the existing shareholders in the new company.
Let's give the yes vote to the 3% share that existing shareholders will have in total of the new company.
Yes give the yes vote as they didn't rob Iclaprim from us and set it up for them to gain millions if not billions in some dodgy offshore company.
Lol...

[w t tutte] 08/6/2021 07:50

Chuffer, yes, it is all pretty unfair I don't disagree at all and all existing holders are looking at losing a bucket load but this is what it is. Shareholders in aggregate will take something over nothing, few will have the principals of you and SD70 . Questions to the board - They will probably cherry pick the questions but it is a route to try and if you were to ever sue, you can at least point to the fact that you raised these issues with the board.

[w t tutte] 08/6/2021 07:42

Yes, its awful and it should not change how you feel, but MTFB was always at the spivy end of what is a spivy market. I am not trying to invalidate what you are saying or feeling but to my view you are mixing up the history of how we go here with what is the best shareholders today.

We are where we are, however we got here. What is best for shareholders given this is where we are, is for the RTO to proceed. As you will see next week most shareholders will not be principled like you, they will salvage a little something and move on.