THIS SHARE WILL BE WORTH 3.00 IN 2009

well it may not be over - things looking up agian

If you wish to follow all the takeover rule re PTI, 8.3's don't both on this site as their suppliers don't deem them important enough. See competitors for info.

Even in todays market a close of 11.11% down is strange on no news to say the least.
Was OK till just past 1100 hrs then bang.
Of course no part of the market is privy to something we don't know, are they!

As I see it, this IS merging with BTG - there is no other game in town....the merger is good for BOTH companies, and will result in a stronger whole.

Falls are across the Market, so this is hardly a surprise...BTG has fallen also, since the ann. - but of the two PTI looks the better Buy, but this should even-out as the day dawns.

Hi Hangon,

Whilst agreeing that there were obviously falls across the market, a fall of over 11% did not follow the trend, especially as the drug/bio sector only dropped 3.1%.
Still as they say, 'We are forever mushrooms'.
As to it being a done deal, fully agree as it won't be the PI's that get the say, it will be the big boys who have already provisionally agreed.
In the long term it may well be the tie-up will benefit all shareholders. My reasons for not wanting such a tie-up is that Protherics are in my high risk/blue sky portfolio, so these shares were bought on the hope that they would multiply several times over, obviously excepting the risk of loosing all.
I follow all shares in my high risk strategy with this in mind, so yes I agree the Protherics shares will move into safer more stable territory, but as they will then fall out of my strategy (high risk/reward) the excitement this portfolio gives me will diminish.
A bit like the excitement you have when you bet on a long shot at high odds, yes the chances of winning are low but, well you get the picture.
Still a steady increase/profit obviously won't go amiss, which I agree will happen.
Hope the above makes sense!

Regards Pond

I think the merger is the best thing that could happen to BOTH companies - andd maybe cut a few Execs (PTI is somewhat overloaded, IMHO) - and BTG has plenty of cash and more to come at least in the short-term.

As I may have mentioned before PTI has expertise in selling into USA and I understand the combined co will be developing their own team ( but this might be support?) - and this is likely to improve the value of Varisolve - a product that has taken far too long to arrive. Hopefully it will get approval....and the US-connection (with the Rattlesnakes) will enhance their chances - er, IMHO.
Greekman, Thankyou for yr support.... esp.as I've bought a few more PTI recently, on the basis they were "marginly" better value for the same cash. Any mergers create uncertainty and has risks, but normally it is done to enhance one company's turnover ( and darn the cost!) - but here it's a paper-exercise so little cost to funds.... and a strong player for some exciting products.

Cheers Hangon,

Time will tell as they say. Moneys, money no matter how it comes, PTI as an independent or as the tie-up with BTG.
Looking down the line, in a couple of years, if this tie-up is looking the better deal (although it will not be that easy to tell) I will gladly admit I was wrong.

Regards Greek.

BTG VOTE.

Proposed Acquisition received the overwhelming support of BTG Shareholders, and the resolutions necessary to approve the Proposed Acquisition were passed by the requisite majorities.

No suprise there then.

Nice move up today on news from BTG!!
Looks like the takeover wont be a bad thing after all!!!!!!!!!

BTG have released vote giving figures for.

No matter what anyone thinks of this deal statements that include....* Total Against Votes Withheld, really annoy me. Whatever happened to clarity or and democracy.
Presumably it was closer than expected otherwise why not give the figures against.

keep the faith greekman - BGT will deliver im sure of it.

So the BTG vote was far closer than I thought it would be, and as to me (obviously a personal opinion) the deal looks better for BTG than PTI could the PTI vote be even closer or even against.

Votes For 98,766,102
Against 88 82,564 0.
Withheld 08 299,464.

What surprises me is that there are so many "against" - does that include you, greekman? - can you suggest reasons pse?

by contrast, PTI is running out of money ( it's not serious), since they have some expensive "Trials" and little regular income ( Rattlesnake treatment is relatively small) - so PTI may need to raise money in a few years . . . . so BTG looks like a decent deal and fit...IMHO.

-Indeed, I have heard no suggestions "against" - but hope to hear.

Hangon,

See post 294, which fully (hopefully) explains my view. Obviously it's a personal view and I am aware others may be for the deal as it will fit their strategy.
I thought the for vote would have been much higher as I feel that BTG are getting the better end of the deal.
The main point to myself is that I feel Protherics would within a few years make me far more money by staying independent, even allowing for the obvious risk of independence , than if they tie up with BTG, which I agree would be a safer bet.
Still, good to see debate without descending into personal insults as some threads do.

Regards Greek.

So its a yes vote, but anyone else spot the deliberate mistake.
Cant they get anything right lately. Surely someone proof reads these releases.

Its in the same format as the BTG vote, although after a struggle I could make those out. The Protherics vote is almost impossible to decipher.
Why cant it just state plainly.
Votes for. Votes against. Votes withheld.

But from another site showing a different RNS format the results show.

No of scheme shareholders voted 785 (99.4%)
Total votes 244,371, 671

No of scheme shareholders voted 'for' 717 (91.3%)
Total of votes 'for' 243,009,601
No of scheme shareholders voted 'against' shows 68 (8.7%)
Total votes 'against 243,009,601 (0.6%)

As the votes for and against in number (but not percentage) are the same obviously this is an error. I have taken the votes for from the total votes cast to give those against at 1,362,070 which would match the (0.6%)

Ain't I the clever one then.

Financial Highlights, show everything up that should be up and everything down that should be down, except.....Net cash decrease of 9.6m (2007: increase of 6.9m) in line with expectations, providing a cash position of 28.1m (2007: 46.9m) This in the stage of Protherics as a company was/is expected.
Who needs BTG. OK it will give PTI more pulling power so to speak, but would still have liked them (PTI) to have chanced going it alone. Yes a big gamble but worth it.
In my opinion. BTG have by far the best part of the deal. PTI have sold themselves out far too cheaply.
All IMHO of course.

I hold both, although BTG is the Greater position.
However, I thought it was BTG that was getting the worse deal!
PTI has a small income (Crofab) and much to proove with expensive trials - I;m guessing it's touch n' go whether they need more cash - in these Markets forget it. So what could PTI do? If nothing is done now ( when things still look OK ), gradually the sp will slip - and indeed we saw this earlier 2008 - (abt. 25p I recall.)
. . . . . . . How much worse would this get if they did nothing? . . . . .
So, with BTG comming up with Varisolve which is very valuable and probably 10x Crofab, indeed 30x wouldn't surprise me - BTG-holders are expected to welcome PTI shareholders by way of Dilution - well, it seems to me PTI did the better Deal . . . . . but in truth maybe it's fortunate for us both that no money is being lost in the deal - although I'd like to see a culling of pti-execs - far too many for such a small Co. BTG appears to be quite efficient by comparison. ( I attended both AGM's this year).
. . . . . . . . "New BTG" will be a suberb investment and I have been buying PTI recently as this is a cheap-way in, although less-so now it's up. . . . . . . .
+Greekman - are you a L-T holder . . . ?
EDIT(8Dec08),Greekman, that's OK. Good to know you are staying - I sincerely hope this will be Good for investors, but as always we need to keep a watcvh in case Management starts to take their eye off ball...as so often happens -(- I'm somwhat disapointed by PYM...oh deary.)-

Hi Hangon,

Yes been in and out for many years now, although my last foray into PTI has been held for about 2 years now, with a couple of small increases over that period.
Still feel we (PTI) drew the short straw but at least all we need to worry about now is BTG making it.

Well thats it then, Saying goodbye with not a little regret. Always thought Protherics could have eventually made it big on it's own. Still within a few years we will all know whether this takeover/merger is a good idea or not.
Will hold now in BTG to see how things go.
Any selling out now, just would like to say this as been one of the better threads on MoneyAm, with the vast majority of posts well worth reading.
No doubt we have all learnt something.
Cheers to all.

Greek.

cheers greek!