Plethora Solutions Share Discussion Threads

[i like trees] 04/11/2015 10:54

gimmetheloot. Rubbish

[tsmith2] 04/11/2015 10:54

The points are:Mellon - looks after his shareholdersBoth companies want this to happen.Some are sitting on decent gains so will be banking but excellent opp for others given discount that prevails In

[i like trees] 04/11/2015 10:53

I'm so excited by this news that I could do with a spray of Plethora myself!

[nashwan123] 04/11/2015 10:49

A long way to go to 12.5p!

[bones30] 04/11/2015 10:47

Its certainly a strong offer.

[gimmetheloot] 04/11/2015 10:47

This will go back down as profit takers will run. The HK exchange you cannot sell the shares at all. This is a washing machine and shareholders are getting a raw deal only to benefit directors.

[brandy5911] 04/11/2015 10:46

I'm waiting full term

[bobby.ifa] 04/11/2015 10:44

Look out for a white knight, there will be bidding war purely for the pre-ejac product.

[bones30] 04/11/2015 10:43

Lot of people sitting on 300% profit, some will take their money here. Others will wait.

[brandy5911] 04/11/2015 10:42

Will they sell

[knicol46] 04/11/2015 10:39

200% increase expected and it will still be below 12.5p offer price !

the Possible Offer represents an indicative value for each Plethora share of 12.5 pence and values the entire issued ordinary share capital of Plethora at approximately £102.9 million and values the fully diluted share capital (excluding the out-of-money outstanding options and warrants) at approximately £122.6 million

[bones30] 04/11/2015 10:39

Al H,

I think you misunderstood me, I meant I see this going through/happening.

I don't see much getting in the way...

[monty panesar] 04/11/2015 10:36

It's not a cash offer at 12.5p.

[the stigologist] 04/11/2015 10:33

Oh

Update on financial position of Plethora and reasons for Independent Plethora Director's current intention to recommend the Possible Offer

At the time of the Plethora interim announcement on 28 August 2015, Plethora stated it had a cash balance as at 30 June 2015 of £2.8 million (or approximately HK$33.4 million). As at 30 October 2015, the financial records of Plethora stated that the cash balance was approximately £1 million (or approximately HK$11 million). Current Plethora expectations are that commercial operations under its current operating plans will face a significant negative impact in January 2016 in the absence of further funding being available to Plethora.

Therefore, in order to continue to develop and commercialise PSD502™, Plethora requires substantial further funding in the near future. It is not desirable to significantly delay any planned expenditure in key areas which support the development and commercialisation of PSD502™, such as manufacturing of the reduced fill can or research and development expenses associated with the New Drug Application approval with the Food and Drug Administration. Such action may well have adverse consequences, particularly as regards the intended launch date of the commercialisation of PSD502™ in the European Union, which would delay the receipt of licencing income from the agreement with Recordati S.p.A.

The Independent Plethora Director believes that the Possible Offer will reduce any current uncertainty surrounding a materially dilutive share issue by Plethora. The Possible Offer provides certainty over access to further funding which is highly desirable given Plethora's unsatisfactory current financial position.

[al h] 04/11/2015 10:30

Nobody cares what you think Bones ... short taken a hit ?

[the stigologist] 04/11/2015 10:30

I'm here. Great news hey.

[tsmith2] 04/11/2015 10:28

Checked again is 12.5p!!

[bernieboy] 04/11/2015 10:28

Why hasn't it gone to 12.5?

[tsmith2] 04/11/2015 10:27

Dont think the magnitude of Discount to offer can't persist...who is going to turn down the offer 10p finish.

[al h] 04/11/2015 10:26

On the top of the risers board, that should pull in a few ...

[bones30] 04/11/2015 10:25

Mcap around £60m at this price. I cannot see much in the way of this going through.

[knicol46] 04/11/2015 10:24

the Possible Offer represents an indicative value for each Plethora share of 12.5 pence and values the entire issued ordinary share capital of Plethora at approximately £102.9 million and values the fully diluted share capital (excluding the out-of-money outstanding options and warrants) at approximately £122.6 million - WOW

[al h] 04/11/2015 10:23

Sizzle, sizzle ....