Salvarx Share Discussion Threads

[kristini2] 18/8/2018 08:43

Sti- what is that chart supposed to prove please ?

The share price movement of any stock esp smaller caps over a short periods is meaningless and can never be called either way by anyone.........

'markets can remain irrational for longer than an investor can remain solvent' as keyns

[sweet karolina] 17/8/2018 15:52

Stig,

The auditor felt it was needed. The real point though, which escapes your tiny brain, is SALV Ltd is going to need lots of cash to progress and Portage does not have it. Yes they are possibly slightly better placed than SALV PLC was on AIM to raise it, but the current shareholders of Portage, who are trapped for now by the halt, can see it and know what it means to them.


Please buy more SALV and hold to get your CSE / OTC Pink tradable shares, there are wiser people relying on you doing so.

[fig1] 17/8/2018 14:11

Thank you SK. Sometimes I'm such an idiot. You've cleared that up very succinctly. Cheers. Fig.

[sweet karolina] 17/8/2018 13:49

fig1

You do understand that 99% of new drugs fail to get through all stages of trials to then reach the market don't you?

You do understand that to get them there takes ages and costs a fortune don't you?

You so understand the Portage - the CSE / OTC Pink listed company you will get shares in burns cash, only has a small amount of cash and therefore cannot possibly fund any drug through to commercial sale don't you?

You do understand that Portage is suspended so the markets over the pond have not had their say on what they think of the deal don't you?

You do understand what is going to happen when SALV shareholders try to sell their Portage shares don't you?

You do understand there are a number of hurdles the deal has to go through and it could fall at any one of those don't you?

I agree on paper the deal looks amazing for SALV shareholders who can bank 100% profit. Something that looked impossible when they got a going concern emphasis of matter.

Very few SALV shareholders are going to be able to cash in their profit, whilst still on AIM. If you do not want to be one of them, there are plenty of people who do understand all of the above who will be very grateful to you for holding or even buying the shares they are cashing in. But please do not moan later that you did not understand.

[fig1] 17/8/2018 11:16

I literally don't understand anyone selling at this price considering the prospects. Fig.

[fig1] 17/8/2018 09:39

Precisely the reason I bought in Stig. Fig.

[bscuit] 16/8/2018 22:45

On holiday so missed yesterday’s excitement and broker didn’t call me. pity.
I
I’m guessing no suspension as it’s a Canadian reverse and they have no jurisdiction or capacity to ask for one.

In some ways the crunch will be dealing costs of a Canadian disposal to which I will have to add the UK broker costs as my holding is in nominee.

Certainly tempted to hold as holding now running for free.

[sweet karolina] 16/8/2018 22:44

Portage is a cash burner. It had cash of about $7.5m at end of Mar. It is going to burn through that pretty quick with SALV Ltd to fund.


Read the financial statement:



I would suggest it is better to take cash now by selling SALV on AIM rather than waiting for a load of Portage shares to arrive in your portfolio.

How long you wait to do that is up to you.

[the stigologist] 16/8/2018 13:00

Short term catalysts here will be I guess Portage relist (it's in Trading Halt at the moment), any pre-deal manouvering from major holders, News on Intensity. (On the Intensity newsfront though some may be putting too much store in what seems an off hand comment about 'news over the Summer' which seemed more to do with SALV or Intensity Management sharing news privately with their existing Insiders/Stakeholders not a Public RNS).

The 'near term inflection point' newsflow wise publically I would expect to come AFTER consummation of any deal.

Personally I expect the long term is worth waiting for, not the 5p here or there in the short term.

[fig1] 15/8/2018 10:51

BTW,I won't be voting for this sell-off anytime soon. I've always been a long-term investor.Fig.

[dexdringle] 15/8/2018 09:18

Block capitals were merely to emphasise the change I made. I'm not clever enough to master 'strike through' or 'bold' on ADVFN.

I don't believe I have lost the argument. Actually, I didn't realise there was an argument.

All along I was just seeking clarity. You came on here acting the big man saying I was dim because I couldn't understand a simple transaction and that perhaps I should buy Premium Bonds instead.

Then it turns out I was right. this is a murky deal. Much of the structure makes no sense. So you get all defensive.

You could give your magical insight by answering my 5 questions in my post 197 ?

I am a Salvarx holder. At 34p from 12 months or so ago.

[bigego] 15/8/2018 08:52

No need to shout Dex, sure fire way of showing you have the lost the argument.

If you think this deal is a bad one then sell the SALV shares you own and be thankful of the recent uplift.

If on the other hand you do not own any you have now talked yourself out of buying so it's time to move on and use your limited intellect to assess other situations that are also utterly unproductive.

[dexdringle] 15/8/2018 08:49

bandflex but...

"Concurrent with the Disposal, it is proposed that not less than 656,399,142 of the Consideration Shares (the "Demerger Shares") will be transferred to Shareholders on a pro-rata basis, as explained below (the "Demerger"). Of the balance of the Consideration Shares, it is proposed that 40,692,698 Consideration Shares will be transferred to Option Holders in consideration of the purchase of their Redemption Options (the "Option Redemption") (as explained below), and up to 60,851,944 Consideration Shares will be retained by the Company".

Does this not mean that of the 100M shares not distributed to ordinary shareholders 40M go to the warrant (option ?) holders and 60M are retained then?

[glenbo1] 15/8/2018 08:36

For the less than positive posters.When the next intensity news hits what do you think that will do to the share price here?

[bandflex] 15/8/2018 08:20

Dexdringle SALV would distribute the retained 60m shares to warrant holders at 18 shares per warrant, there are about 3.2m warrants, so SALV would be left with around 2.5m Portage shares.

[kristini2] 15/8/2018 08:18

Jim M has an interest in both investments, being a cynic i'm sure that any transaction here is for the benefit of JM & Co rather than Salvx shareholders
more broadly

They'll be some tax advantage for those holders or some other factor behind this......

[dexdringle] 15/8/2018 08:15

Good question bandflex. Best ask Bigego - he knows everything......

“Stig, good to see Dex may have found his spare brain cell and appears to have SPOTTED THE FLAW IN MY NAIVE ASSESSMENT OF THE SITUATION”

There we are bigego - I've fixed that for you...

[bandflex] 15/8/2018 08:11

Portage shares are only showing a value of $0.10 because they have been suspended. Once they come out of suspension then you can value the bid, at the moment that is not possible, and theirs still no date for a Portage shareholder vote.

It's convenient that they suspend Portage but not SALV, it allows some big players to dump into the rise and avoid being caught out by a possible Portage share collapse when suspension is finally lifted.

Why didn't they suspend SALV until both could be traded.

[bigego] 15/8/2018 07:56

Stig, good to see Dex may have found his spare brain cell and appears to have worked out the actual true numeric aspect of the deal, wonder if he got a small child to help?

However it appears those three brain cells cannot think more laterally.

I neither have the time or desire to help him further.

[dexdringle] 15/8/2018 07:42

Thanks fig1. Glad I'm not the only one not wearing rose tinted glasses !

Bigego and The Stig are all excited about it. Then again, it is school holidays....