Like a lot of long time investors in this company - yet another dissapointment - after years of hanging in there on promises of 'JAM Tomorrow' i trusted the board to not let some predatory shark swim in and take over just when the products are looking promising - don't betray us board!

I thionk wioth the potemtial of the morphine derivatives they have on board - they are sitting on a goldmine - Phase 3 and all is well.

I agree with both views but the SP has tanked over the last couple of years so it's good to at least see the interest.

The grqadual fall is folks like thee and me wanting to invest in something "exciting" - i.e. short-term gains with the swings in the Market. That means some sells are nothing to do with the "long-term" - but MM don't want to lose out...hence the "tanking"
The reason for the CONsolidation was to make good of a bad situation - the correct price is in excess of 2 ( look at the earlier sp graph ).....therefore any bid that's below 2-3 is under-valuing the business as it was about a year ago - i.e. with no income or products (ignore any) .. so anyone buying "now" is getting a Bargain, compared with the 5p that is was over a year ago.

This is the problem with consolidation - it's all too-easy to start from the sp "now" and think a 20% uplift is a bargain . . . . wait until we touch 2. - and then see if there are any takers.

We must wait for the Drug-Trials to be concluded - anything less and the "value" is being 'stolen', IMHO.

Oh dear touching 40-p Arrgh.
The Market is just not interested and MM's mark down hoping for a few sellers ( er, and Buyers at these bargain prices), however, I'm waiting a bit longer as I guess I paid "too much" so many years ago...Oh dear.

Bah to CONsolidations . . . .why did they do it?

Takeover!
(the Consolidation was the final warning, but I for one thought this was a funny five minutes with Management. However, it was really a warning that Management was grossly incompetant - er, IMHO.)
It's a pity Management has so-badly handled their years of Office - that they see the only solution to their years is to sell out at a knock-down price!

Well, it's true there is no substantive "value" in the company - that is something worth selling . . . .so in many ways the money spent to date is "poured away" - it makes one think that a Better Model is to secure lots of cash - then WAIT - yes, wait until one Bio hits bad times - it is "bound" to happen over 10-years - so we should support only "really good" drugs to be taken forward . . . . no wonder Punters are seen as saps - Management is very grateful for 10-years salary and pensions, whilst the investors get close to zippo.

At least we have some Paion stock to show for it. Should M6G fail that will look a smart move.
I wonder what BTG though of their child?