$adgm I’ll moderate my comments a bit: I think they are working towards some type of deal, capital restructuring/reverse merger. I presume some type of offering is involved. Bottom line is that this vote isn’t until Dec. What happens in between?
$adgm I’ve never seen a company ask for a 1/300 reverse split. Do a 1/30 reverse split. And then the day after it takes an effect, ask for a 1/1000 reverse split.
ALL THE WHILE THE COMPANY HAS NEVER ACTUALLY ISSUED ANY SHARES.
900k float. Asking for 1/1000 split. 😭🫠
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$adgm
9/23 - 22 mil shares
10/1 - 27 mil shares
10/23 - Approve 1/10-1/300 r/s
11/9 - Do a 1/30 reverse split (900k shares
11/11 - Ask for a r/s up to 1/1000
They could announce bankruptcy & give stock a better chance to recover some value than their actions
@AdagioMedical
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$adgm priced like they are going bankrupt. Working like they have a plan. Which will it be?
finance.yahoo.com/healthcare…
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$adgm this video now cuts two ways:
1) No one wants them. They will split and raise and hope they can prove themselves.
2) They may still have a chance to be bought or a partnership that validates their trajectory and leads to acquisition later.
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When you were tin foils hats… $adgm
$adgm tinfoil hat time:
9/8 - Sean Salmon comes on Teleflex board
9/16 - Adagio announces next gen trial first patient and now enrolling
9/23 - Adagio announces staff layoffs and strategic review
11/5 - Teleflex earnings
Acqusition, partnership, structured deal? 🤷♂️
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Pre-FULCRUM data release but I think about these comments a lot! $ADGM
$adgm I’ve posted this before but found it interesting that it was posted again today by the Mullings Group. The video was taken before FULCRUM data. To post it following it is no small thing. Sean Salmon has chops in EP space and is on board at Adagio.
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