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Why are we down 50% from last weeks highs?
Clay was here with his “charts”
In my experience that means there was a short selling attack
yep, still holding
Should be at $3.00 based on 11.5 pence price overseas
* * $MTP Video Chart 04-24-2019 * *
Link to Video - click here to watch the technical chart video
I made a quick $140 off this stock in the morning, then ignored it.
In retrospect, I should have stayed longer. But who cares.
In retrospect all is always clear. Happy with My $140 take home pay off this stock today.
Vicious pull back
Not sure why. Revs increase 96%
A low float will frequently have that effect.....
It looks like somebody is literally buying all of it
Looks like 2018 financials out. I havent reviewed but must be good based on premarket.
The market cap of the actual stock trading on LSE is less than $50m. USD. The ADR is pretty close to that now. Trades crazy because now less than 1mm shares being traded on ADR.
Great opportunity here I believe. Big investor owns half so will not want to dilute further to lose controlling power.
It’s fun to watch the level 2 on this
Ultimately no reverse split since ratio changed. Price went down for no reason.
True, should equal 20 shares which doesnt make sense w current share price
How does diluting an ADR work? Doesn’t it represent a certain number of euro shares no matter what?
Honestly not an expert
Unless dilution since early March for ADR. I dont remember... i just jumped back in though.
I mean whole float changed hands
How can there only be 800k float when almost 600k have been traded today? So almost whole company traded hands?
This seems extremely positive—-each ADR is worth 20 regular shares(instead of two)and OS seems to have gone from 8mm to 800k with essential 10-1.
What am I missing?
Midatech Pharma (AIM: MTPH; Nasdaq: MTP), the R&D company focused on delivering innovative oncology and rare disease products to patients, announces a ratio change on its American Depositary Receipts ("ADR") from one (1) ADR representing two (2) ordinary shares, to the new ratio of one (1) ADR representing twenty (20) ordinary shares (the “Ratio Change”). The effective date of the Ratio Change is expected to be 8 April 2019.
Pursuant to the Ratio Change, effective 8 April 2019, ADR holders will be required on a mandatory basis to surrender their ADRs for cancellation and exchange to receive (1) new ADRs (New CUSIP: 59564R203) for every ten (10) old ADRs (Old CUSIP: 59564R104). No fractional ADRs will be allocated. The aggregate fractions, if any, will be sold and the net proceeds will be distributed to the entitled DR holder. The Company’s Depositary, Deutsche Bank Trust Company Americas, will contact DR holders and arrange for the exchange of their existing ADRs for new ADRs.
For ADR holders, the Ratio Change will have the same effect as a one-for-10 reverse ADR split. The ordinary shares of Midatech will not be affected by this change.
The Ratio Change is aimed to bring the price of the Company’s ADRs into compliance with the Nasdaq $1.00 minimum bid price per share requirement, though Midatech can give no assurance that the Ratio Change will be effective in achieving this goal.
The number of ADRs in issue on 18 March 2019 was 8,293,832.
I missed it,what happened ? Was there a reverse split ?
Yes. Except OS also updates from 40million to 200million
Yup looks like it
We are about to witness some pretty strange price action imo
I got lucky for once and bought at
.12 and sold at .48 a month later. Usually the other way around. I think will jump back in after the initial RS dip that usually occurs. GLTA
I keep adding these dips...
Why would a billionaire need to dilute his ownership to raise money?
They have a giant low interest loan from Spain too....
NO TOXIC FUNDING NEEDED IMO
May be a good one to jump into after initial post reverse dip. OS will be crazy low. Market cap low... fear future dilution though. Thoughts?
ARCX and NSDQ working together to walk it down.
Why?....
I saw u post r/s I panic sold instant .23.....now look at myself! Dammmm
NSDQ stacking the ASK shows their true intention of loading your cheap shares
What happen April 8???/why stock keep go down??
And we go down 10%...
It said effective April 8 yes
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