Re: Expensive drawdown facility What to do? Sell or avoid? Have been watching this, but any upside to Motif will simply mean AMP selling stake to pay the debt/bills? Will any Motif windfall be squandered? I guess AMP are hoping for a big litigation payday.
Re: Expensive drawdown facility Agree wholeheartedly! Conflicted company officers are electing, against their fiduciary duty, to unecessarily bleed our company dry when cheaper funding could clearly be obtained. What to do?
Expensive drawdown facility This facility seems very expensive $750,000 borrowed today and $881,000 having to be repaid in less than 4 months time and some of it being used to pay back a previous outstanding amount on the drawdown facility. Tha'ts an apr of 50% near enough. This is starting to read like a borrower starting to sink into the clutches of a pay day lender.
Datatern 502 Patent The district court hearing was on the 13th May. Has anyone seen anything to tell us when a ruling may be due?I've contacted AMP but as yet no reply...
Re: correction.... AMP still massively undervalued IMHO.
correction.... Amphion's stake is worth c£28m in Motif....NOT £42m
cheap way into Motif... AMP own c40% of the equity of Motif and have a $3.4m convertible loan into the company, pre today's announced fundraise.Post the fundraise, they will own 29% of the equity in Motif, which at current prices equates to £42m. This compares to Amphion's current mkt value of £13m. They also hold an 11.6% stake in Kromek, (which is listed on AIM KMK.L) or 12.5m shares which is also valued at £5.5m.There are a further 6 other interesting investments, all of which are due to be monetised over time...
Significant press coverage... ...for one of Amphion's companies:[link]
Question How is the market cap only £10m when there stake in MTFB alone is worth nearly double that with 6 other companies thrown in with zero value being applied ?Even with £8m debt it's ridiculous
@hottrader77 the new shares were issued today check the figures total today 152.07m
*9p approx rather as amp shares are 44%
@catchemeifyoucan 13p approx
Re: Don't underestimate the CEO [link]
Re: Don't underestimate the CEO Yep. I reckon he feels his work is done, as AMP provided the original incubator cash for KMK and now he'll be focussing on Motif Bio.
Re: Don't underestimate the CEO he resigned from Kromak today .....