biOasis Technologies Ord Shs BIOAF

RE:Midatech General Meeting

[TheTruth1234]

Boomskid wrote:

Midatech has issued a press release giving details of its upcoming general meeting. (Share consolidation, adjustment of recent financing prepaid warrant price, change in ADS ratio from 1:25 to 1:5, change in name to Biodexa, etc)

 

The information circular is available in PDF format here.

 

There is a PDF of Frequently Asked Questions that can be found here.

 

Today's share price, as I predicted, is down substantially and at 40¢ is approaching the 35¢ lower limit of the pricing adjustment of the prepaid warrants. The lower the share price, the more prepaid warrants will be issued. Approval of the agenda at the general meeting could lower the bottom limit of the adjustment price to 10¢.

 

The company is or can be controlled by the placees and there is no deal that can be made with Bioasis that can change that, meaning that former Midatech and Bioasis shareholders would have no control whatsoever over Biodexa.

 

I would suggest that Bioasis shareholders ask Graeme or DrDR whether Bioasis can enter a "merger" with Midatech/Biodexa without another vote on it by shareholders, or whether Bioasis considers that it already has approval of such a deal based on the recent AGM vote by shareholders.

 

If DrDR can do that and if it is done, you will be essentially wiped out. It is also possible (likely?) that Biodexa would not be able to retain ownership of the xB3 Platform. That would make it unlikely that Biodexa could offer much upside compared to whoever owns xB3. 

 

I won't be studying these documents in detail and likely won't comment on them further.

 

jd

"Today's share price, as I predicted"

But you didn't short Midatech did you JD??!

Always so smart, and always AFTER THE FACT. No one is as smart as you.

That is exactly why Dan got PAID by Bioasis and you did not.  That is why Dan isnt living broke in a Trailer having sold his entire networth in a scam penny stock just to eat.

You are pathetic.