GREY:BIOAF - Post by User
Comment by
G1945Von Jan 22, 2023 11:27am
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Post# 35238449
RE:Communication with MTP Stockholders
RE:Communication with MTP Stockholders G1945V wrote: Is there any ongoing communication with Midatech Pharma PLC shareholders on any forum?
G1945V
I guess the reason why there is a lack of communication on the part of Midatech (MTP) shareholders is that the general public only holds ~12% of the total outstanding shares.
Institutional investors hold ~68%. Private companies hold ~10%. Hedge Funds hold ~7%. I guess the vote tomorrow to merge with BTI will pass with flying colours.
MTP Reverse split of September 26, 2022. :
https://www.nasdaqtrader.com/TraderNews.aspx?id=ECA2022-253 "Midatech Pharma PLC (MTP) will affect a one-for-five (1-5) reverse split of its American Depositary Shares (“ADS”), and a ratio change from one ADS representing five Ordinary Shares (1:5) to one ADS representing twenty-five Ordinary Shares (1:25). The reverse stock split will become effective on Monday, September 26, 2022. In conjunction with the reverse split, the CUSIP number will change to 59564R500" The rest hinges on BTI's general public shareholders, for the merger to take place, holding ~98% of the outstanding shares.
GLTA
G1945V