BLT, BENITEC BIOPHARMA LIMITED

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Unfortunately, the SEC is not a lot different from ASIC. Its the face of regulation when you don't have regulation.

This ship and all who sailed on her are going down.

I expect we will have to wait until July the Fourth or thereabouts to see what Pfizer does. That'll be when they can declare victory over the virus and show American leadership because of it. The story is always the same. Been like that since the Allies had to wait for the Americans before taking Berlin in WW2.

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The message is, the SEC is yet to consent.

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Something stinks about this Schemers agreement. For one, this Holdco Company, on page twelve of the Schemers booklet, states they will make submissions for listing to the NASDAQ authorities in February. When you fact check this statement against the NASDAQ IPO filings for February, there is no application which has been made by a company called Holdco or Benitec.

https://www.nasdaq.com/market-activity/ipos

Then when you check the Upcoming IPOs page for April on the NASDAQ site, there is no listing for Holdco or Benitec.

https://www.nasdaq.com/market-activity/ipos

Yet it was a condition precedent that NASDAQ approval be granted by 8AM of the second court date.

Despite trading for Holdco commencing on the 15th of April, the Schemers booklet states, an ex-BLT holder won't be able to sell their Holdco shares until they receive a holding statement saying how many shares they have in Holdco. When might that be I wonder.

And this scheme has the official approval and support of these directors. Well, at least they got their diversity ratios right regards gender , age and colour. Hard luck on the competence, fiduciary duties and shareholder obligations parts.


Shareholders are getting stuffed like a Christmas turkey. But what can you expect with Sabby, Nant and BNYMC as the main shareholders. 57%. CSIRO? Pffft. Useless.

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To wit I will add, the stronger the US currency gets or the cheaper the AU dollar goes, the better the deal for the American buyer...if you should be so lucky to get your coin. But add to that a further collapse in the share price and it will only get worse for a shareholder. But how do you get to say, please sir, can I have some shares?
These Australian directors are not good Australians. They have stitched the shareholders up good and proper right from the start. The only one who ever showed any professional integrity was SM who jacked it all in leaving her options at the door because she knew no matter how much this terd got polished it was always going to be a terd. Everyone else just stayed on the gravy train and rode it for all it was worth.

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Another read of the Schemers document and I am convinced, in the absence of a form requesting the shareholders choice of auto-sale or Holdco shares that this is a stitch up. It is the intention of the Schemers to get rid of the Australian shareholders by buying them out rather than give them shares. But the catch is, I don't think shareholders will get a payout either and what can you do about it? In effect, they are stolen. Won't be the first time.
Shouldn't the directors be issuing some kind of guidance on what to expect for shareholders? It is not sufficient to point to the Schemers document because it is not specific enough.

Better make the request for Holdco shares before the selling agent is appointed next week because otherwise the decision is going to be made for you and since when has any decision BLT ever made favoured a shareholder?

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You'd think by now Holdco would have a proper name and a ticker. I mean if all they want to do is relocate to America what would be so wrong with keeping the name Benitec?
i also note the sale facility will take several months but trading is set to start on the 15th of April but shareholder statements aren't issued until the 22nd. Regardless of that is why anyone would take up the auto sale function and wait months when by the end of the month you should be able to sell on market.
I'm wondering if anyone will receive anything. Shareholders have been stitched up by these directors.

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(Reuters) - The U.S. government has cut deals with Johnson & Johnson (JNJ.N) and Moderna Inc (MRNA.O) and said it is in talks with at least two other companies to prepare them to produce massive quantities of coronavirus vaccines even before safe and effective ones become available.

They must be talking to ALNY. Which is why nobody cares for BLT. They got done a dogs dinner on those contra-options.

Record date for Holdco shares is next Monday at 7PM. Appointment of the share sale broker(?) is at 5PM the same day. But payment isn't for several months. So why would you choose to sell?

Something fishy in all of this. It doesn't pass the smell test. That's why the politically correct gender balanced Australian quota of the leadership team should be done for social and economic treason. Not to mention the CSIRO shadow.

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Aaaaaaand its gone!

Just like that. No CSIRO white knight. No government protections with investment laws. No nothing. Just gone.

Pretty disgusting when you stop and think that these people get paid so much to commit social and economic treason....repeatedly.

That PYC is in a trading halt and BLT is gone in the same time frame, kind of tells me, the new cycle is about to begin. Watch PYC for proof.

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The only thing to save this now will be a cheap sell off of the assets and to back in Make Me a Motza Archa. Make me two at 2.5c.

Get the cash while you can. Back in a cash hungry dog. Stay on the gravy train.

Who do these directors actually work for?

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It's the old last minute sleight of legislative hand trick, ninety nine.

Now we go deep into the twilight zone.