Salvarx Share Discussion Threads

[the stigologist] 09/12/2018 22:08

I would usually but this looks like the start for Portage. Coming out the gates strongly and Intensity have had a lot of newsflow coming out. There will be a lot of people who made money on Portage previously looking to re-invest for the sequel I suspect.

[cumbrian2] 08/12/2018 14:24

Agreed Stig, but probably best to use the latest offer price which was $0.105 but that still gives a GBP1.49 conversion. My concern was that Portage would open very weakly yesterday which was not the case, so assuming they hold the current level then the arbitrage has to kick in big time as we head to completion date. Adding in, that we retain the SALV shell(which may get a Juvinescence investment?), and that the said shell retains some Portage shares then the SALV share price looks ''too good to be true'' but looks like it actually is!!! Thankfully own 144k shares, all bought after the original deal (based on my view on Intensity) so averaging 67p but hopeful of a big profit to come! Got to be heading higher on Monday.

[the stigologist] 08/12/2018 00:45

That was 18 x 10c Now it'll be 18 x 12c So we are looking at $2.16 per SALV share Current £/$ exchange rate £1:$1.27 So $2.16 = £1.70 Almost 200% upside here !

[the stigologist] 08/12/2018 00:41

Shareholders who continue to hold SalvaRx shares will also receive 18 Demerger Shares (i.e. Portage shares) for every share in SalvaRx held on the Demerger Record Date, equivalent to approximately US$1.80* per SalvaRx share

[the stigologist] 08/12/2018 00:36

WOW just noticed Portage resumed trading and it's now at 12 ! Deal was 100%+ premium at 10 ! htTps://www.prnewswire.com/news-releases/portage-shares-to-resume-trading-salvarx-acquisition-meeting-materials-mailed-and-filed-on-sedar-300761558.html

[wiseacre] 07/12/2018 20:28

huge arbitrage upside

[the stigologist] 07/12/2018 17:30

Friday PM moves always interesting

[sweet karolina] 30/11/2018 21:34

Why has Portage not recommenced trading? The circular has been out long enough now.

[the stigologist] 27/11/2018 08:09

Good to see circular posted and some definitive timeframe for next steps

[the stigologist] 23/11/2018 22:26

There has been a whole heap of positive sounding news from Intensity in the interim which needs discounting

[sweet karolina] 23/11/2018 22:05

Portage interims to 30 Sep: Https://www.portagebiotech.com/images/pdf/fs_2q19.pdf The company seems to be just spinning its wheels doing not a lot burning $70k per month mainly on admin costs. Hopefully they will put the shareholder material for the SALV transaction on their website when trading recommences sometime next week. The shares are very illiquid so will be interesting to see what happens.

[the stigologist] 22/11/2018 22:23

Perfectly comfortable with it.

[wiseacre] 22/11/2018 18:51

Now now children calm down. Dear Stigologist there is more to Portage than just the reverse takeover. Having returned a big lump of cash to shareholders on the Biohaven IPO it enjoys a lot of goodwill. And based on the terms of the deal I can see a lot of upside. Biotech is much better understood and followed on the other side of the pond.

[dexdringle] 22/11/2018 10:47

Ahhhh. Okay. Don't then.

[sweet karolina] 21/11/2018 21:32

It will be very interesting to see what happens to the Portage share price when trading resumes some time next week.

[wiseacre] 16/11/2018 09:32

I gather the problem has been the CSE has gone to pot ie it has been swamped by cannabis company listings. But trading in Portage will resume shortly and the acquisition has, I believe, been approved. However we may have to wait another month for the deal to go through.

[bscuit] 14/11/2018 10:08

A pure UK Deal in STHP has taken 14 months already and no news to remove the suspension!

[dexdringle] 14/11/2018 08:28

Must be time for another one of those updates that tell us nothing ? Are the Canadians still slogging their way through the Portage bid paperwork ? If so how much bloody paperwork is there for goodness sake. Surely all such cases can't take this long ?

[dexdringle] 01/11/2018 15:59

Ahhh Stig. You are good. I knew I could rely on you to come on here and be a charmless gimp. And, of course, you didn't let me down.

[dexdringle] 01/11/2018 12:53

It has gone very quiet on here ! It is feeling like the longer this goes on the more chance the whole thing fizzling out. And that it wouldn't take much for these to be back down at 20p....