Motif Bio Share Discussion Threads

[smcl] 10/8/2021 17:55

Ah SC70…….go home

[scottdavid70] 10/8/2021 17:54

Funny they used the same first name…. Not even subtle. If the group were talking to Gold they would have called a EGM already because Gold and Lumsden are as trustworthy as Donald Trump. Amazed Biomarck, Lamellar etc with Chris Wardhaugh haven’t decided to offload their services given the tainted reputations from this absolute travesty of a RTO that was tried to be bungled through.

Imagine having people on your board who when you are trying to raise money see that’s you raised $125 million and had zero value left at the end and then tried to screw investors over by asking for more money at the AGM for your salaries despite not getting Iclaprim approved and then taking as many shares for yourselves as the entire shareholding base who had suffered at your hands. How do these people stay in those jobs at those companies?

[chuffer2] 10/8/2021 17:33

My brother in law looked into joining this sham shareholders group and got a reply from jon john????
Wouldn't surprise me if it was Gold himself pulling another fast one to delay matters so he can even swindle more cash from the coffers.
Scum!!!!

[scottdavid70] 02/8/2021 22:04

BiVictrix raising only £7.5 million not £10 million

Funny that…………..Motif Bio shareholders needn’t have been so diluted after all it appears

What a crock our Director’s were

Working in our best interests? Sure…..

[scottdavid70] 02/8/2021 22:01

What you should be concerned about is not with my book or press article which will appear when the final nail is delivered by the greedy G’s but if there were any mythical meetings with Gold why hasn’t a EGM been called to oust him?

Shareholders have the votes and just need to go through with it. All the time you believe he is speaking to the Action Group is more cash in his account.

He didn’t speak to shareholders to promote the RTO why would he now as he takes it privately into Administration no doubt to his personal benefit just as the RTO would have been

[nairb68] 30/7/2021 13:55

Scott - when is the book coming out and the article in the press?

[scottdavid70] 25/7/2021 11:51

And the other MASSIVE elephant in the room is this:

Why at the start of a journey that BiVictrix was starting out on would you give approximately 3% of company to Director’s who have failed in their own company and overseen such a catastrophic share price drop???

Why would you keep one of the Director’s on who is taianted by the utter catastrophe that occurred at Motif Bio and not only that but give him almost 2% of your company? What was he saying that made him worth that?????

Surely as most normal RTO’s do you get a clean slate with an entirely new BOD. What was It Mr Gold was saying that made BitVicttix turn a blind eye to what had happened at Motif Bio to warrant a place on their BOD?

Makes no sense to me at all

[scottdavid70] 25/7/2021 11:24

Chuffer - if the only thing BiVictrix wanted was Motif listing and the only value there was - why did they give away close to 3% of the companies value to just the Director’s?

Pretty strange that you have this valuable drug and yet are willing to give away so much of your company for just a listing? Why would you be willing to do that if it’s just a AIM listing with no guarantee it will be successful?

So many cash shells that you didn’t need to do that for and with total guaranteed success for the listing. So strange.

Makes absolutely no sense at all and the timeframe as well as you mention

[40 fathoms] 25/7/2021 03:47

It looks like BiVictriX will be on the market by the end of this month.

"Drug development company BiVictriX Therapeutics PLC (LON:BVX) is planning to float on AIM by the end of the month as it looks to develop its next-generation cancer therapy platform.

The Macclesfield-based was founded by clinical immunologist Tiffany Thorn, former head of therapeutic development at ADC Biotechnology Ltd, who invented the Bi-Cygni technology around which the company is based.

Bi-Cygni used antibody drug conjugates, an existing class of potent biological drugs, as a potential treatment of various cancers that is designed to enable higher dosing and more aggressive cancer eradication without causing harmful side-effects.

Thorn has identified a unique, cancer-restricted antigen fingerprint that is not present in healthy cells and can be exploited to produce cancer-selective therapeutics."

[scottdavid70] 24/7/2021 12:29

While the people who caused the value destruction in Morif stood to gain hundreds of thousands of pounds in shares and warrants compared to what you were getting after the RTO? Wow

Graham Lumsden raised $1125 million and the value went to virtually zero and yet stood to make a f&&king BONUS through his shares and you are saying that’s ok?

Jonathan Gold was going to gain 2 percent of the entire company - almost more than the ENTIRE shareholders just for himself. That’s ok just do you can have your pittance of £300?

That type of thinking was exactly what they wanted and why they didn’t communicate at all prior to the Vote or subsequent to it. They themselves knew it was a s&&t deal of a magnitude only the greediest people thought it could go through. They thought there was enough votes they held and the sheep would vote for their crumbs while they feasted at the top table yet again. They were massively wrong.

The most important currency is your word and theirs is worthless no matter how much money they made from Motif. Their standing is completely diminished by what’s happened here.

It won’t help Motif Bio shareholders probably but it will protect other investors that these men are involved in as the questions will be asked form now as the trust has gone after the debacle here

Walbrook also never promoted the RTO almost as if they didn’t want investors to know it was happening or publicly acknowledge their involvement in one of the most lopsided deals in favour of Directors the business world has ever seen.

I doubt very much Gold and Lumsden are communicating with anyone as they didn’t do it when they should have as per their own corporate governance so why now? Possibly if it’s true that a EGM wound heap even more embarrassment on them and they are scrambling to protect their reputations but I doubt it very much. They never cared so why would they start now and grow a proper conscience and not one for mere convenience

[petersmith6] 24/7/2021 11:26

Even if the rto had left me with 300 pounds..thats still 300 pounds i could re invest...now I have no pounds in motif..

[scottdavid70] 23/7/2021 17:28

This has nothing to do with shareholders- they acted reasonably when presented with the worst RTO based on what was allocated to Director’s.

This entire debacle falls squarely on the Director’s shoulders - the shareholders who had endured complete value destruction were asked again to take more of the same financial oblivion while the Director’s got the lions share of the warrants and shares at preferential prices to shareholders.

Nothing about this deal was in the shareholders best interests- they were offered crumbs while the people who created the crumbs wanted to still sit a the top table and eat themselves silly.

Shareholders did the right thing

[nairb68] 23/7/2021 13:51

The Action Group demanded a meeting with Gold.

[smcl] 23/7/2021 13:49

Voting NO was stupid. Biting off your nose etc.

Of course we will get the usual drivel from SD70.... but it will mean NOTHING!

Shareholder Action Groups rarely achieve anything in my experience!

The bitterness exhibited on this BB is a lesson for us all. When you see it ..... exit stage left as fast as possible!

[petersmith6] 23/7/2021 13:42

My complements to all who voted against the rto.. we will never see apr investments again.

[scottdavid70] 23/7/2021 11:09

Well that would be the ultimate irony if they couldn’t talk to investors pre-RTO and explain the gifts they were receiving at the expense of the shareholders but are now willing to engage with them!!

Wouldn’t have anything to do with them needing to salvage their reputations would it after the most embarrassing chapter of any Director’s business life when the deal you have worked on for 6 months gets voted down when investors would rather take nothing than the pittance you are offering them?

Sorry don’t buy it they are talking and if they are it’s only to buy time to take the company into administration and close this whole sorry chapter for Jonathan Gold and Graham Lumsden.

As for Graham Lumsden and Biomarck. When they see he raised $120 million but ended up with investors who had zero value left in their investments and choose to receive nothing rather than a pittance I do wonder how long he will last there. Got to be tough fundraising with that hanging over your head

[nairb68] 23/7/2021 09:32

Scott, are you not aware of the Action Group that has been formed and holding meetings with the board of Motif? It was stated on LSE and on here.

[scottdavid70] 23/7/2021 07:05

From Motif Bio Corporate Governance document:

“The Board maintains that, if there is a resolution passed at a GM with 20% votes against, the Company will seek to understand the reason for the result and, where appropriate, take suitable action.’

They switched off the feed the moment the No vote came in and they realised their plan to take the lions share of the RTO for themselves had failed.

Have they engaged with the shareholders who have emailed questions before and after the GM since despite what it says in their own corporate governance document? They should have done it at the GM that’s the real issue here.

Also:

the ability to successfully wind down or divest Motif, Inc in a manner which preserves shareholder value; and’

Certainly in 2 and a half years the value appears to be worse rather than preserved

And finally:

The corporate governance arrangements that the Board has retained are designed to ensure that the Company delivers long term value to its shareholders, and that shareholders have the opportunity to express their views and expectations for the Company in a manner that encourages open dialogue with the Board.
The Group intends to retain its open and respectful dialogue with employees, clients and other stakeholders.’

Certainly the entire base of shareholders who were receiving about the same amount of shares/warrants as the Director’s who had not created long term value as above have also not received open and respectful dialogue for over a year now.

I will say this for those in the back who didn’t hear first time - this deal was only great for the Director’s whom if they had been working in shareholders best interests would have rejected the beneficial terms they were given in terms of price - taken fewer warrants/shares to alleviate some of the pain that during their stewardship Motif Bio shareholders had been impacted by and taken far less money to stop the endless cycle of solutions plus to keep the money going for longer.

None of these things happened and yet as shareholders we are supposed to take the blame for the failed RTO - no this is all on the Director’s.

Tell me why also Walbrook never publicly acknowledged the RTO or it’s failure to be passed if the deal was one that was fair for shareholders?

[scottdavid70] 21/7/2021 20:49

I never wanted or have expected to get any of my investment back after the vote for the RTO was turned down. I was happy and it was the right thing to do.

They have tried to say that the their was nothing they could do about how many share they were offered and at the price they were given compared to shareholders. Have you ever heard anything more disgusting after what they have take out of this company and promised for the past 3 years? None of the RTO was in shareholders best interests just their own. Jonathan Gold was taking 2% of the new company for himself fully diluted. How can you defend that even if you are his offspring?

The most important currency in life is your word not money and theirs is worth nothing now to anyone in business circles and there is more to come trust me.

That’s why I haven’t posted because the right outcome happened and now it’s time to go after them properly but it takes time as I am sure you know.

That’s why I posted the link about iclaprim today - there are things still happening that are a disgrace to shareholders