Salvarx Share Discussion Threads

[dexdringle] 09/1/2019 14:56

Well, it is very quiet on here given that today is such a landmark day ?

[bscuit] 09/1/2019 10:58

Before London closing last night the Portage price was moving up.

[zed2002] 09/1/2019 08:24

Distribution looking like 15th January 2019. Price dropped today so now priced in. Portage is listed on Canadian Market so you may need to fill in a form to receive these in your Account. Best to check with whoever your broker is.

[dexdringle] 09/1/2019 08:08

Okay. Just to re-cap. SALV will become the owner of 757M Portage shares in exchange for signing over its trading business to Portage. SALV then becomes an investment business SALV then plans to simply pass on 90% the Portage shares to its own shareholders so we will end up each owning X number of shares in Portage (plus our existing SALV shares albeit probably around 10p a share at that point reflecting the value of the Portage shares not distributed). Questions: 1. how long is it likely to be before the distribution takes place ? 2. how simple is it for a UK shareholder to directly own (and trade) shares in Portage ? Presumably, the SALV share price will, from today, exactly reflect the value of the Portage shares and could be sold before the distribution happens ? EDIT: just noticed the SALV share price has dropped to 10p so already prices in the distribution ?

[the stigologist] 09/1/2019 02:17

Greg Bailey MD, Chairman of Portage, said: “As we have seen with the recent acquisition of Celgene for $74 billion based predominantly on its oncology pipeline this remains a very exciting area. We feel that the Portage/SalvaRx transaction positions both companies for the next phase of development. Both companies will continue their business models of building tangible businesses. I want to thank our shareholders for their patience as we waited for routine approvals

[the stigologist] 03/1/2019 16:00

hTtps://twitter.com/IntensityInc/status/1075891987235012609?s=19

[the stigologist] 03/1/2019 01:39

htTps://mobile.twitter.com/IntensityInc/status/1080560236530810880

[the stigologist] 01/1/2019 18:11

Vote coming up 8/9 Jan

[the stigologist] 19/12/2018 16:10

90s now No overhead resistance There are some very interesting charts out there that suggest this could go nuts

[dexdringle] 19/12/2018 08:26

….except that the current Salvarx price is reflective of the Portage share price being half of the 12 cents it is now ?

[shakyhands] 19/12/2018 03:33

My concern here is that the Portage share price is leading Salvarx - only Portage volume is tiny,as usual.

[the stigologist] 19/12/2018 01:22

Portage finished at 12.4 htTps://www.portagebiotech.com/investors/stock-information.html

[the stigologist] 17/12/2018 09:44

And the long overdue breaking out

[the stigologist] 10/12/2018 15:08

People waking up. Common sense isn't all that common.

[dexdringle] 10/12/2018 08:37

Well it doesn't look like the market has much faith in portage shareholders voting for the deal otherwise we'd be at £1+ by now.....

[bscuit] 09/12/2018 22:45

I was in at 35 on a placing, but took the stake off the table on the first spike @63. The remainder is running for free and with the uncertain UK outcome in the near future Portage looks a good outcome.unfortunately the remaining is only low 5 figures, but was a punt.

[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.