Motif Bio Share Discussion Threads

[scottdavid70] 21/7/2021 20:40

Exactly the BOD are solely responsible for this - they are to look after shareholders best interests and they didn’t neither with the RTO where they carved up the lions share of the new company for themselves and had no guts to explain the deal as why it was
In shareholders best interests even knowing how many shareholders planned to vote against the deal as we all emailed them and Walbrook.

Even with that knowledge they ran from their responsibilities. This wasn’t a protest vote it was stopping the disgusting greed that had been evident for years and lack of truth. None of these men should be Director’s again

[hedgehog 100] 21/7/2021 20:29

No Scott, I'm just a retail investor who is interested in shares and RTOs.

Which is why I've been running the following thread on ADVFN for over seven years:

"THE REVERSE TAKEOVERS & SHELLS THREAD
Hedgehog 100 11 Mar '14 - 21:09"



I was following MTFB, without posting, just like I follow a lot of shells, for the RTO potential.

BiVictriX Therapeutics looked like it would have been a very good RTO - my main worry was that it would resume trading at about double the RTO price.
So I was surprised and disappointed that it was voted down.

But if I had been a MTFB shareholder, I don't think that I would have just assumed that it was a done deal, bearing the mind the mass bulletin board opposition to it.

It looks like some MTFB shareholders voted "no" without realising the full consequences of what a no vote would mean: i.e. fairly immediate delisting, with likely administration to follow in the not too distant future.

And some of those who did perhaps realise that, such as yourself, mistakenly thought that you could 'safely' make a protest vote against it.

But the MTFB board have to share responsibility for this no vote, by not bothering to properly explain and sell the deal, and for not all stepping down from the board to have a completely new BOD, which is normally the case with RTOs.

That said, I don't see that there is any basis for any claim or action against them.

They were not the ones ramping MTFB to ludicrous level in the spring of last year, when it rose about 25-fold within weeks.

[scottdavid70] 21/7/2021 20:07

Hedgehog are you Jonathan Gold or a family member?

Your grasp of tax losses is way off base - nice try though to make them look better

Their day of reckoning is coming

[scottdavid70] 21/7/2021 20:05

Anyone who thinks I am responsible for the RTO failing is trying to absolve the Director’s of their fiduciary duty and corporate governance responsibilities.

Embarrassing anyone can think I was involved in the outcome here.

The Director’s said they couldn’t do anything to change the warrant price that was 50% better than ours as it was independent advisors who set the price. What a f&&king load of b&&l&&ks. That’s the standard to Director Motif Bio has had to deal with. Greed and then take f&&k all responsibility for the outcome.

How spineless to not to speak to shareholders or get their PR company to even promote the deal. That’s where the responsibility lies - not with bulletin board members

[hedgehog 100] 21/7/2021 19:51

Scott,

I think you're veering into the realms of conspiracy theory.

Whatever Iclaprim was valued at in the past, and has had spent on it, and may be valued at in the future, is largely irrelevant to its value now.

It will now be viewed as a rejected drug with toxicity concerns that needs tens of millions of dollars spent on it, in a process taking several years and with an uncertain outcome.

That's why there been no buyer after about a year and a half.

And anyone interested will know that they should be able to pick it up from administration for next to nothing.

I don't think it would really make much difference who's marketing it.

As regards the tax losses.

Not sure of the US rules, but in Britain the rules for quite a while have been tightened up.

My understanding is that tax losses can only be 'reused' if the existing board is the same, and the new business is the same type of business as the previous business.

And for small biotechs, profits are usually uncertain, and some way off if achieved at all.

Which means that any value from the tax losses, even if allowed, is uncertain and some way off, so would have to be discounted massively.

This is why generally little or no value seems to be attributed to a shell's tax losses for a RTO.

Similarly, 'failed technology' such as a failed drug seems to sell for relatively negligible value compared to the amounts invested into it.

MTFB's main value was its listing which has now been lost.

In contrast MTFB's liabilities will have mounted up considerably.

Accrued deferred payments to directors, and aborted RTO costs, with no money now coming in from the RTO placing.

No listing means that there is little or no attraction for a RTO candidate, and in any case a RTO requires a lot of time and money to arrange.

In summary, administration looks like the overwhelmingly likely outcome here, and always did if the RTO was voted down.

There was never any chance of an alternative deal, not least because AIM time limits required an immediate delisting after the RTO was aborted.

Under AIM rules, there are relatively short time limits to arrange a RTO.
MTFB had already been granted a four and a half month extension, probably because of COVID-19.

[oilguy1] 21/7/2021 19:10

Scottdavid….so what is left for motif holders?!

[scottdavid70] 21/7/2021 15:09

Zero communication obviously from the Board but still active with Iclaprim not that as investors we would know

hxxps://journals.asm.org/doi/10.1128/AAC.00619-21

They don’t want you to know as their plan was to dilute the f@@k out of us and gain the largest piece of the pie possible

Will Mr Jonathan Gold or Mr Graham Lumsden or Mr Christopher Wardhaugh or Mr Bruce Williams ever speak again about the undeniable benefits of Iclaprim that they have tried to keep under wraps by having a restructuring specialist not a antibiotic marketing specialist sell Iclaprim

If you think any of this has been in the shareholders best interests or the correct application of corporate governance you would be wrong. They are not fit to be Director’s as it stands from what has transpired here

[chuffer2] 02/7/2021 14:44

He's either finishing off his best selling book.
Or speaking to his contact in the newspapers.
Or speaking to his contact who's a lawyer.
Definitely one if not all of those.
:)

[jibba jabber] 02/7/2021 06:07

It's interesting that the profile scottdavid only ever posted on this bb, nowhere else, where did he disappear to? What was his agenda?

[chuffer2] 28/6/2021 15:46

Seems that no one wants to disclose the truth to him.
Shows the true scale of the corruption in this alleged company

[chuffer2] 25/6/2021 14:37

When is this book going to be published Scott.
You weren't telling porkies were you.......

[campbell48] 22/6/2021 10:26

Do you know him ?

[chuffer2] 22/6/2021 10:22

He's too busy writing the final chapter lol

[campbell48] 22/6/2021 08:08

The same message goes out to Scott David.Please join the Motif Shareholder Action Group without further delay.Thanks in advance.

[campbell48] 22/6/2021 07:43

We are finalising the steering group with suitable candidates, and agreeing the action plan.Please reach out to John Jones @ [e-mail] need quality holders on board Chuffer2.Thanks in advance.

[chuffer2] 22/6/2021 07:32

I emailed someone some time ago.
Haven't yet joined the new group and like l said you have over 5% so call an egm.
What's the hold up????
Quite happy to help as l hold 19 million

[campbell48] 21/6/2021 20:45

Have you joined Chuffer2?

[chuffer2] 21/6/2021 18:39

Don't get it???
Apparently you already have well over 5% , so why aren't you taking the next step?????

[philoosh] 21/6/2021 10:38

erm......no!

[campbell48] 20/6/2021 14:34

Please Read:
The Telegram group link will be revoked by midnight tonight.
We then have all genuine members ( with no trolls) with more than 80m shares-holdings to move forwards…
Any new member after midnight wanted to join ..will have to communicate with me through email ( [e-mail]) to join the telegram..

Please join the Telegram link before midnight tonight…
[...]

[campbell48] 20/6/2021 14:33

Please Read:
The Telegram group link will be revoked by midnight tonight.
We then have all genuine members ( with no trolls) with more than 80m shares-holdings to move forwards…
Any new member after midnight wanted to join ..will have to communicate with me through email ( [e-mail]) to join the telegram..

Please join the Telegram link before midnight tonight…
[...]

[campbell48] 20/6/2021 14:33

Please Read:
The Telegram group link will be revoked by midnight tonight.
We then have all genuine members ( with no trolls) with more than 80m shares-holdings to move forwards…
Any new member after midnight wanted to join ..will have to communicate with me through email ( [e-mail]) to join the telegram..

Please join the Telegram link before midnight tonight…
[...]