Redx Pharma Share Discussion Threads

[global nomad] 28/8/2020 14:58

if there is only a small free float of shares then any level of demand is going to push the price up...

[supercity] 28/8/2020 14:58

On the move again - such small volumes can move this so easily with only 8 percent of shares tradable...and the AstraZeneca news is no where near prices in at his market cap.

[wapper] 26/8/2020 09:31

So long as they keep the listing it would seem this is like buying £1 coins for 15p . Just my take .I am holding

[global nomad] 25/8/2020 07:50

lets hope so...

[supercity] 25/8/2020 07:40

Now the 24th has been and gone can we all rest easy that the rest of the shares will not be force purchased and with only 8% in public/tradeable hands this could move sharply north very easily

[supercity] 21/8/2020 16:25

Three biggest trades of the day (74K, 39k, 35k) all decent investments are all buys.I expect a move up next week.

[phurley] 20/8/2020 21:28

Got to b primed now for a re rate

[supercity] 20/8/2020 18:48

This is why it spiked a few weeks ago and only fell back on the redmile concernsRedx signs out licensing agreement with AstraZeneca-- AstraZeneca granted exclusive global licence for the development and commercialisation of RXC006, a porcupine inhibitor, for fibrotic diseases-- Redx will receive up to $17 million in early payments between deal signature and the successful commencement of first clinical trial-- Redx will receive up to a further $360 million in development and commercial milestones, plus tiered royalties

[fission453] 20/8/2020 16:29

See post 436

[supercity] 20/8/2020 16:28

See post 434

[supercity] 20/8/2020 16:28

Look on their website they clarified it today

[latifs100] 20/8/2020 16:24

need clarification from redx

[supercity] 20/8/2020 16:04

Now the confusion has been cleared up there is no reason with such a good astra deal why this can't hit its recent highs in the next few days

[global nomad] 20/8/2020 15:12

FFS.....at least its cleared up, but how messed up the whole thing has been...are they not aware of what has been going on until today?

sigh...well lets hope that clears any doubt and we can look at the return on our investment with clarity.

[phurley] 20/8/2020 14:44

Yeah - nothing stopping it now

[fission453] 20/8/2020 14:34

Therefore they will NOT acquire the shares by force!

End of!

Let the share price rise!!!!

[fission453] 20/8/2020 14:33

fferor: RM Special Holdings 3, LLC
Offer terms: GBP0.155 in cash per share
Pay date: upon receipt

Please be aware that we incorrectly advised that RM Special Holdings 3, LLC were compulsorily acquiring the remaining shares in Redx Pharma and that we will accept the offer for all remaining holders around the 25th August 2020. Unfortunately this information was incorrect and the shares are not being compulsorily acquired. Therefore, all elections to accept the offer made following our compulsory acquisition notice do not stand. Please accept our apologies for any inconvenience caused.

RM Special Holdings 3, LLC is offering to purchase all of the issued and outstanding shares in Redx Pharma plc. Your options are:

OPTION 1: Do nothing (Default). You will keep your current holding if you do nothing.

OPTION 2: Accept the offer and receive GBP0.155 cash in exchange for each Redx Pharma plc share held.

[phurley] 20/8/2020 13:50

Further information regarding the offer to purchase shares by Redmile Group LLC20 Aug 2020Further information regarding the offer to purchase shares by Redmile Group LLCIn order to clarify apparent confusion caused by action notices disseminated by some brokers, please see below a link to the letter to remaining shareholders from Redmile Group LLC ("Redmile") sent on 27 May 2020 following the closing of the offer on 30 April 2020.We would stress that the purpose of this letter was to set out the right under the Companies Act for shareholders to require Redmile to purchase their remaining shares at the offer price of 15.5p if they (the shareholder) so wishes.It does not confer, nor is there, any right for Redmile to make a compulsory purchase of any shares from current shareholders.

[phurley] 20/8/2020 13:49

https://www.redxpharma.com/news-archive/further-information-regarding-the-offer-to-purchase-shares-by-redmile-group-llc/

[global nomad] 20/8/2020 11:13

iweb have a deadline of 24th August for acceptance of the offer...so it seems like a rolling issue...

all very confusing and needs some clarification from either company. The note re 'no intention to purchase the remaining shares' is still odd behaviour for a company that holds over 90%. why would they buy that much and then leave a stump...

we'll have to see what happens on monday...

[andymunchkin] 20/8/2020 01:09

andymunchkin 6 Aug '20 - 11:34 - 385 of 431 Edit
0 0 0
andymunchkin 4 Aug '20 - 13:15 - 360 of 378 Edit
0 0 0
PostShafting 40p
———;——
andymunchkin5 Aug '20 - 11:59 - 380 of 384 Edit
0 0 1
has kennyTheCnt loggedIn today?
———;-
WillTis evenOot @ 25p
JustGotta wait&see
———;—
Uwaz warned!

[supercity] 19/8/2020 21:33

Post 403 - he says iWeb published it on June 19th, that's where I got the 8 weeks from

[soulected] 19/8/2020 21:03

See the RNS from 1st May...Redmile either owned or had received valid acceptances of the Offer in respect of a total of 174,363,597 Redx Shares representing approximately 91.76 per cent. of the existing issued share capital of Redx.They have acquired more since, whist they have said they won't compulsory purchase the rest, I think they still can if they choose to.

[kennylogsin] 19/8/2020 18:51

Fission - are you referring to my post being fake? There's no reference to what you're referring to as being fake? I'm trying to make sense of what HL sent out yesterday but assumed that Redmile were only holding what was stated in HL's opening paragraph. Cheers - Kenny