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Home  /   Forum   /   Relief therapeutics   /   Relief therapeutics Holding

Aandeel RELIEF THERAPEUTICS N ZSE:RLF.CH, CH1251125998

Laatste koers (chf) Verschil Volume
4,400   +0,180   (+4,27%) Dagrange 4,010 - 4,630 50.640   Gem. (3M) 138,1K

Relief therapeutics Holding

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9.105 Posts
Pagina: «« 1 ... 125 126 127 128 129 ... 456 »» | Laatste | Omlaag ↓
  1. [verwijderd] 4 september 2020 14:27
    A lot of confusion on capital structure of Relief Therapeutics. I have done some DD and below are my conclusions. The Six Exchange website is our source for info, but unfortunately it is very poorly represented and not up to date. That said, I have done my best and believe I am correct in my findings. Hopefully our Swiss Friends on the Cash.Ch forums can read this, as they seem confused as well:

    www.ser-ag.com/en/resources/notificat...

    GEM does not own 64% of Relief.
    From the link above GEM owns 707,475,186 shares which represents 30.93% of voting rights.
    707,475,186/30.93% = 2,287,342,987 shares outstanding. We know based on latest PR that Share count is at 2.534b shares and not 2.287b. So Six is using outdated share count here.
    Add up all of the options in the link above that GEM owns and you get another 733,325,334 shares after exercise.
    Six also lists another potential 25,781,293 shares if Relief exercises it’s SSF (Share Subscription Facility) with GEM at a price of 0.488CHF. RLF doesn’t have to use this facility.
    707,475,186 + 733,325,334 + 25,781,293 = 1,466,581,813 potential shares outstanding the GEM may eventually hold
    Now here is where Six math makes no sense at all, but it is how they do it. After exercising options, they assume the share count doesn’t increase. In my experience when warrants get exercised a company will typically issue new shares (authorized shares are used here for example). But let’s play along with Six Exchange:
    1,466,581,813/2,287,342,987 = 64.117%

    This is where Six gets it’s 64.11%

    And it is entirely incorrect!

    Here is more realistic math. I can’t guarantee it is correct, because I don’t know all of the contracts they signed on these warrants and options, but using an assumption that all of these warrants and options are standard contracts (very likely) here it goes:

    We know from latest PR that share count is 2.534b (this includes the 66.667m shares that GEM took from Yves for 0.01HCF that are not included on Six yet, since they say they weren’t delivered yet according to Six).
    As I previously posted; all options and warrants amount to 695m, including GEM (who has 733m -66.7m = roughly 667m of those 695m). The rest belongs to management team and others.
    www.ser-ag.com/de/resources/notificat...

    This confirms the numbers at 695,576,325 warrants/options outstanding (after the 66.7m Yves Options got exercised) of which GEM holds 666,658,667 (The Devil is in the details ?? )
    Fully diluted share count stands at 3.23b. This is an important number and that is why I talked about it in my past posts (may have used slightly different number due to rounding error). It is the number I use to determine market cap and future value of the company.
    GEM fully diluted, i.e. after exercising all options will have 1,466,581,813 shares (as calculated above)
    Total Share Count Fully Diluted will be 695,576,325 + 2,534,168,581 = 3,229,744,906 (same 3.23b number above)
    All options/warrants have strike price under 0.04 CHF and vast majority at 0.01 CHF, so all are guaranteed to get exercised.
    GEM fully diluted, after all options/warrants are exercised will have 1,466,581,813 shares. But we have to exclude the 25,781,293 shares from the SSF that Relief may never use (not certain like option/warrant exercise):
    1,466,581,813 – 25,781,293 = 1,440,800,520 shares fully diluted for GEM
    1,440,800,512/3,229,744,906 = 44.61% ownership of the entire company.

    Apparently, there are Six Exchange rules where if a shareholder owns more than 33.33% (one third) of a company’s shares outstanding it has to make an offer to purchase the entire company. But in 2019, Relief past a statute that anyone can buy more than 33.33% of it’s shares and not have to make an offer to buy out the whole company (sounds like it was tailormade for GEM).

    There you have it. GEM does not own 64% of the company. It currently owns:

    707,475,186 + 66,666,667 = 774,141,853 shares after the Yves called shares get delivered.
    Current share ownership:
    774,141,853/2,534,168,581 = 30.55%
    Once again, fully diluted will be 44.61%
    Less

    DD van een iemands post
  7. forum rang 4 MisterBlues 6 september 2020 14:57
    Uitbreidingsonderzoekcheck

    news4sanantonio.com/news/local/family...

    Request Expanded Access for Aviptadil (RLF-100) for your Patients

    www.neurorxpharma.com/our-services/us...

    Naar aanleiding van bovenstaande post / link van Djazz over die eis van een familie van een patiënt met Covid 19 om aviptadil voor hem in te gaan zetten ben ik gaan kijken op de community site van het betrokken Baptist ziekenhuis. Daar vond ik wel een artikel over het gebruik van plasma tegen Covid-19 maar uiteraard nog niets over aviptadil / uitbreidingsonderzoek. Onderstaand zie je de sites van het Baptist waar dat soort nieuws terecht komt.

    www.baptistjax.com/juice/Stories/comm...

    Baptist Health is using plasma from recovered COVID-19 patients to ...

    Ik verwacht wel dat er komende maanden op de sites van andere ziekenhuizen dan welke nu betrokken zijn berichten komen over deelname aan het uitbreidingsonderzoek.

    Handige sites om ziekenhuizen en Corona te volgen in de US:

    covidtracking.com/data#state-al

    www.aha.org/statistics/fast-facts-us-...
  8. forum rang 4 MisterBlues 6 september 2020 15:02
    De interim analyse van de critical groep moet gedaan zijn vanaf 24 augustus en einde van die week zullen de data verstuurd zijn naar de FDA.

    Het hele onderzoek met 144 personen kan voor 11 september zijn afgerond. Nieuws over het interim resultaat kan dus snel gegeven worden, als ze dat tenminste doen voordat het onderzoek klaar is.

    Als de resultaten interim goed zijn en statistisch significant zullen dat toch naar buiten brengen ben ik geneigd te denken...?
  10. forum rang 10 DeZwarteRidder 7 september 2020 08:59
    quote:

    KC 1965 schreef op 7 september 2020 07:58:

    Voorlopig starten we in het groen:

    www.swissquote.ch/sq_mi/public/market...

    We hoeven waarschijnlijk vandaag geen nieuws te verwachten omdat de US vandaag dicht is.
    Omdat de USA dicht is, is het juist een goed moment voor nieuws.
  12. forum rang 4 MisterBlues 7 september 2020 10:05
    quote:

    KC 1965 schreef op 7 september 2020 07:58:

    Voorlopig starten we in het groen:

    www.swissquote.ch/sq_mi/public/market...

    We hoeven waarschijnlijk vandaag geen nieuws te verwachten omdat de US vandaag dicht is.
    No Milk Today

    Herman's Hermits

    No milk today, my love has gone away
    The bottle stands for lorn, a symbol of the dawn
    No milk today, it seems a common sight
    But people passing by don't know the reason why
    How could they know just what this message means?
    The end of my hopes, the end of all my dreams

    How could they know the palace there had been
    Behind the door where my love reigned as queen?
    No milk today, it wasn't always so
    The company was gay, we'd turn night into day
    But all that's left is a place dark and lonely
    A terraced house in a mean street back of town
    Becomes a shrine when I think of you only
    Just two up two down

    No milk today, it wasn't always so
    The company was gay, we'd turn night into day
    As music played the faster did we dance
    We felt it both at once, the start of our…
  13. simidoc 7 september 2020 10:29
    quote:

    MisterBlues schreef op 7 september 2020 10:05:

    [...]

    No Milk Today

    Herman's Hermits

    No milk today, my love has gone away
    The bottle stands for lorn, a symbol of the dawn
    No milk today, it seems a common sight
    But people passing by don't know the reason why
    How could they know just what this message means?
    The end of my hopes, the end of all my dreams

    How could they know the palace there had been
    Behind the door where my love reigned as queen?
    No milk today, it wasn't always so
    The company was gay, we'd turn night into day
    But all that's left is a place dark and lonely
    A terraced house in a mean street back of town
    Becomes a shrine when I think of you only
    Just two up two down

    No milk today, it wasn't always so
    The company was gay, we'd turn night into day
    As music played the faster did we dance
    We felt it both at once, the start of our…

  15. forum rang 4 MisterBlues 7 september 2020 11:05
    Let It Be

    The Beatles

    When I find myself in times of trouble
    Mother Mary comes to me
    Speaking words of wisdom, let it be
    And in my hour of darkness
    She is standing right in front of me
    Speaking words of wisdom, let it be

    Let it be, let it be
    Let it be, let it be

    Whisper words of wisdom, let it be
    And when the broken-hearted people
    Living in the world agree
    There will be an answer, let it be
    For though they may be parted
    There is still a chance that they will see
    There will be an answer, let it be

    Let it be, let it be
    Let it be, let it be

    Yeah, there will be an answer, let it be
    Let it be, let it be
    Let it be, let it be
    Whisper words of wisdom, let it be
    Let it be, let it be
    Let it be, yeah, let it be
    Whisper words of wisdom, let it be
    And when the night is cloudy
    There is still a light…
9.105 Posts
Pagina: «« 1 ... 125 126 127 128 129 ... 456 »» | Laatste |Omhoog ↑

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