No Anth63 .. dont sell.. the deal is a total consideration of 185p... so when the deal goes through thats what you get (no deal charges I think).. if you sell you get 183.25 (and pay dealing charges) ... so a small margin. If you need the money quickly then sell and loose another 0.8%
So it's OK to float a company,force the price down and then buy it back again ?that's no game of chance is it?the company was originally sold as a good long term investment promising high dividends for the long term holder and that was a lie because they have now through their own manipulation pulled the plug and taken investors money.Had an unrelated company bought it,that would be a crap shoot.This is intentional and possibly illegal.We shall see
Nothing illegal about it I am sure ... its part of investment risk (now if only I had bought more at the bottom). Overall I loose 4%... but on the plus side I was sitting yesterday on a stock I needed to keep for 3+ years to more or less break even
I particularly like the phrase "We believe that this transaction offers Infinis' shareholders an attractive cash consideration" .. err not for me ... offer 195 and we can call it a deal !
I bought a couple of k at IPO. Obviously not the best investment to date.. However, does this news change anything for the PI's? Why would we sell for anything less than 185p as this is already on the table? Apologies if stupid questions.
I've taken my money and run but still lost money overall on Infinis but Terra Firmer now going to buy this Company on the cheap. This in my opinion should be investigated as it appears that they have indented to do this from the start
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