Motif Bio Takeover Rumours (MTFB)

But the bigger point is here without the review how do you know the Board members who have put the company in the abyss have the right skill set business wise to get you out of the abyss? How many of the current Board members on December 31st 3019 for example had been involved with a AIM Cash Shell and had done a Reverse Takeover for instance? I’ll wait...

Bear in mind this statement from The Interims when it comes to the former CEO and his BONUS: The re-organisation of the Company, as approved in the November 2019 shareholder vote, has allowed Motif Bio to be unencumbered of obligations related to its former operating subsidiary, Motif Biosciences Inc (the “Subsidiaryâ€￾). This has given the Board the flexibility to pursue a strategy of seeking an appropriate Reverse Takeover (“RTOâ€￾) candidate for the Company. So if he has nothing to do with Iclaprim by their own admission and we know he has never done a RTO before why is he A) Getting a monthly salary B) on the cusp of getting a BONUS? Unbelievable isn’t?

Well due to c19 GL has gotten away with facing disgruntled shareholders, he must be happy as Larry. What this guy means is that no one has really done anything since they announced a potential RTO, would have happened by now imo.. "Bruce Williams, Chairman of Motif Bio, said: "On behalf of the Board I wish to express our appreciation for the valued support and patience of Motif's various stakeholders as we endeavor to execute a reverse takeover to generate long term shareholder value."

The RTO is still on: Bruce Williams, Chairman of Motif Bio, said: "On behalf of the Board I wish to express our appreciation for the valued support and patience of Motif's various stakeholders as we endeavor to execute a reverse takeover to generate long term shareholder value."

Having been involved in a takeover confidentiality is key.. only a hand full of people will know and any leaking of information would result in forfeit clauses

I fear I have dropped one here I thought they would have pulled off the reverse takeover