I have just a small holding in this, so not wasting too much time following matters. Nevertheless, thought I would try to get a handle on what's going on. For anyone else in the same position, the latest (and really only) somewhat detailed info I could pull up included the (edited by me) info below from "SPAngel". Does anyone else have more info? "Today's announcement that a concert party comprised of Sobny, Mastin, Dignus and Otkritie has been formed and it owns more than 30% of the share capital is interesting, as it elucidates a hitherto opaque relationship between the parties. It is worth highlighting here that the "Panel on Takeovers and Mergers" (the "Panel") doesn't automatically call parties that work together a Concert Party; from the Panel: ""Even if there is a significant relationship, this will not, of itself, lead to the conclusion that a concert party exists. The other factors will also need to be considered to determine whether the proposal is “board control-seeking.” However, the following factors would not of themselves lead the Executive to conclude that a concert party had come together: (a) discussions between shareholders about possible issues which might be raised with a company’s board; (b) joint representations by shareholders to the board; and (c) the agreement by shareholders to vote in the same way on a particular resolution at a general meeting." What concerns us more at this stage is that the concert party includes the Company's principal creditor, and for the protection of the remaining shareholders the nature of this relationship needs to be disclosed, as we don't believe that sophisticated investors such as these make £3mm mistakes in markets like these. What we will need to watch now is how the ~3% is disposed of, and if in a limited number of blocks, to whom, and which member of the concert party's sells the stock, or whether it is evenly distributed over the party members. The Company is now obviously in play somewhere. These are interesting times for the Company and its owners, and we don't believe that in this case, that this is necessarily a good thing for the shareholders holding the remainder, or may be it will be, we just don’t know."
hell yeah! Eddie Waring is favourite lol
Guys. Its just us, one or two funds and the Slavs now. IMO someone is pushing it down in order to make any offer look better. Jeux sans frontieres.
no reason to go up either,
mm's pushing this down with no reason look at the volumes
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