I'm back - but only to say that I was and still am totally in sympathy with your take on the necessary action. Technically they have to honour the 6p offer, but there is many a slip twixt cup and lip - especially when these charlatans are holding the cup. I have taken a £4.5k hit by selling on the market, but still happy to do so under the circumstances. Supposing there are other creditors here demanding their money and deciding to foreclose on failure to pay? Too many imponderables for me now that trust is totally gone out the window.
According to the broker they have received the offer of 6p and they told me that no date was given for the closing of the offer, so I better be quick and sign a piece of paper (broker's paper) authorizing them to sell my shares (because I have not given them power of attorney). My shares are held in a nominee account so I don't actually own them officially, the company does (Skandia in this case). So I have to get Skandia to accept the offer of the 6p and pass the proceeds to my cash account. Nothing is simple is it?
fair enough if you need the funds elsewhere. Although I dont trust this lot, there is no way they can not honour the offer. It's a difference of £1000 to me so I'm hanging on.
i offloaded mine as the difference of 0.05p didn't make a material difference and prefer to have the funds now and utilize them elsewhere instead of holding on waiting for the bit extra - as i didn't read a time limit on when they had to pay this. As per yesterday i sold out my balance holding as i didn't like the way Appendix 1 to the RNS read (and i have lost complete and utter trust in the BOD)
Runner, did they contact you? I've heard nothing, no even this lot have got to honour the offer so I waiting for 6p. Stupid panic selling us falling right into their hands.
RE: Holding Shares
When I said I'm out, I meant that I have instructed my broker to accept the 6p offer, for clarification.
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