New entrants can't get in , as of 9 am this morning ( WST 5pm ) probably why theres no interest from them as for the rights issue itself , daft not to or daft to do , stupid is as stupid does . You pays your money you takes your chances . certainly worth looking into the presentation in some depth theres some nice pointers in there
RE: Nonrenounceable Rights Issue
Looks to me like there is close to zero interest in the RI, certianly from new buyers... Be interesting to see the action tommorow as most RIs I have seen at some point always hit the issue price(0.28p) The current premium to buy simply is too high to encourage new entrants. Shame really I have been watching this company for years and it seems that every decent asset in the UK that needs developing (I am thinking of XEL, SXX etc) seems to be still born right now.
Re - Flippers
If they are ( flippers ) they won't be going for their full entitlement as the cut of is 5pm WST 5/12/2013.
I assume that at least some of today's sells are flippers, ie shareholders selling now to buy back in at 0.28p.
RE: Avoid RI says TW
Only time will tell us that one . For what its worth I don't believe Luir where / are the only company looking at us , never have . I will be taking up my full allocation but I think everyone knows that anyway. Good Luck to you whatever way you go
RE: Avoid RI says TW
Jeeezzz strong words to say the least in that article. Has really made me think about calling it quits. However I see a few £4k buys in the last few weeks - someone who knows something or someone very very brave. Could this share still be saved or is there more chance of us going bust and totally out the game?? A takeover has been mentioned in past - anyone think this could be final throw of dice?? Thoughts greatly appreciated as I am sitting on a ££££k's loss
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