biOasis Technologies Ord Shs BIOAF

Midatech Share Price Is Dropping

[Boomskid]

Midatech's share price has been dropping from 76.5¢ on February 9th, the day that Midatech announced its new financing at an initial proice of 58¢ per unit. As I write this, the Midatech share price is down 33% to 50.8¢.

The financing could be priced as low as 30¢ per unit dependent on share price. Dependent on certain shareholder approvals, certain aspects of the financing could be priced as low as 10¢ per unit. This would essentially wipe out current Midatech shareholders who would then have ~5% ownership of Midatech.

If there is a Bioasis deal coming with those almost worthless Midatech shares, then current Bioasis shareholders could end up with 2% or 3% of the resulting company, with no guarantee that the resulting company will retain much of any ownership of xB3.

By any definition, this would be a wiping out of Bioasis shareholder ownership of xB3. 

Why is the Midatech share price dropping? Is it the market and the S&P Biotech EGF or might there be motive for others to do it?

jd

[prophetoffactz]

"Midatech's share price has been dropping from 76.5¢ on February 9th, the day that Midatech announced its new financing at an initial proice of 58¢ per unit. As I write this, the Midatech share price is down 33% to 50.8¢." The S&P Biotech ETF began dropping around the same time. Since Feb 2 it is down about 11.2%. That's a big drop for an index with advanced

[Boomskid]

Bwah hahahaha!  poof can't let it go. He still says, "The S&P Biotech ETF began dropping around the same time." Worse, he's still making excuses for Rathjen. We all know he doesn't believe that the S&P Biotech market caused today's share price of 1.5¢. So what is poof's motive for pumping Rathjen's "work" with Bioais? The

[prophetoffactz]

"We all know he doesn't believe that the S&P Biotech market caused today's share price of 1.5¢." If BTI traded below cash, and it has none, given all the debt that it also has where would it be trading? It's a miracle it isn't trading at negative cents.

[Boomskid]

poof says that it's a wonder that BTI isn't "trading at negative cents." If you have any shares, poof, I'll take them off your hands if you pay me 1.5¢ for each one. jd

[ROSIE2023]

I don't believe based on what has been stated , the midatech options are dead in the water  they don't have the authorization to pursue a deal without shareholder approval  am I correct ?