I think just asking how much cash we have, what the monthly bills are when we could expect the distribution of funds should cover that. I'd be interested to hear what RY says on the subject.
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With Elon Musk installing chips and tech inside of people this seems easy 😂
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He was obviously a bit nervous but came across well
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Nope, it will have to go through the whole winding up process. They'll be able to drag it out until there is nothing left and not a thing we'll be able to do about it
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So we end up with 25% of a business that is technically insolvent and will likely need to raise to fund clinical trials by Qtr 4 2025. This looks like a wing and a prayer but without the wing.
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Get the BOD out and hope that those interested in pharma buy in
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On reflection I now tend to agree. Hi sons choice but as you say at least the money goes into useful research rather than Robbings pocket (although somehow I’m sure he’s still got an angle!
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I think its a yes and just get the money out and move on
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Two days to vote! Just had urgent message from aj bell.
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...similar threat they used upon first attempt of selling Kun in installments 🙄
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It will depend how long is required. BVI listed and AIM registered having been transacting in Russia, could be a couple of years. So could be 1.5m
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I can't see why it would be costly to wrap up the company. It's not like there's loads of assets to unravel and sell. Cash in bank-salaries and accountants fees. That's it.
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To be honest, I have no idea which way to vote, either seems to return sweet fuck all to Amur Shareholders
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Im also voting no. Just want them to release what’s left after all their dragging it out and be done with it
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Thanks for pointing that out. I guess a 3 fold dilution is probably to be expected. I'm really surprised by how fledgling the company is though, with no employees and no real income stream. It doesn't fit the criteria of what we were told, in my book. There's a V. Long way to go.
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Shares trading by the end of the month is good at least we can get some of our monies back or hold for any short term price increases
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Seems a fairly simple idea with lots of growth potential
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https://x.com/sharepickers/status/1791145313056485560?s=12&t=-fH9zKn3yYScrsM9DooF9A
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CT is it possible to force the bod to hand over the money immediately should this reverse takeover not proceed.
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Looking forward to the QandA webinar (whenever that is). They're going to have to do a lot of explaining and PR work.
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I think we need to vote in favour of this
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That's the problem Joe, if you vote yes you won't get anything out and will probably get diluted to oblivion. There is an outside chance that the new companies novel cancer delivery system becomes a blockbuster and the company is bought out by big pharma. However voting no allows the villans to spin this out for months and therefore spend all the money anyway.
You could say that the former is more ethical and may result in a standard of care for brain cancer sufferers. It's a hard choice but I may choose the ethical route.
Trying to rush it through. Hope people don’t have time to act
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SPECIAL RESOLUTION
2.THAT conditional on the passing of resolutions 1, 3 and 4 (inclusive) as set out in the notice of this meeting:
(a)the name of the Company be changed to CRISM Therapeutics Corporation (the “New Name”);
(b)the number of shares which the Company is authorised to issue be increased to 16,000,000,000 shares of no par value by the creation of 14,000,000,000 new shares of no par value (the “Initial Share Increase”);
(c)the amended and restated memorandum and articles of association of the Company produced to the meeting and, for the purposes of identification, initialled by the Chairman, be approved and adopted; and
(d)the Company's registered agent be, and is hereby, authorised and instructed to: (i) make application to the BVI Registrar to the change the name of the Company to the New Name; (ii) file for registration with the BVI Registrar the aforementioned amended and restated memorandum and articles of association of the Company; and (iii) file for registration with the BVI Registrar a notice of change in the maximum number of shares that the Company is authorised to issue.
Awful deal didn’t really expect much else from our Robin tho
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Sounded like a veiled threat in the rns. Accept this or we will leave you with nothing.
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RTO will be dilution to oblivion, No RTO will be cash spent aborting RTO and paying BOD and accountants to wrap up the company
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Not surprising. Just hope we have enough votes to send them on their merry way and close this out for good.
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Tom Winnifrith posted a useful article assessing the deal as dreadful and the RNS as misleading. According to accounting records, Extruded Pharmaceuticals have net liabilities of £708,510. Winnifrith states that its nonsense spaffing £5.5 million on a business that is technically insolvent and no clinical evidence to support its claims related to cancer treatment. Stage II clinical trials are not due to start until Q4 2025 by which time it will likely need more cash. I will be voting no and seeking a return of remaining cash to shareholders.
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After consolidation, the number of authorised shares would be 100m not 16bn.
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