I thought Ser was dead and buried as im sure most did, a yes vote which imo is a formality gives Ser and its directors an opportunity to 1,raise funds and get Kansas up and running or 2 prime t/o target. I reckon the latter. yes tapia will be gone but so will the debt associated with it.
I'm no expert here, but how does this realistically value SER. Bad news is that they have given all the remaining 20% of TEP for $187,500. Is that correct. And some options at .25 which are currently well out the money.
What else is left and what is it's value ? Just trying to work out if it a punt makes sense ?
sp was priced to fail, some shareholder value maintained as Kansas now becomes the jewel in the crown, maybe not to SER but to others that are circling. as stated Kansas had a valuation of 6p alone, obviously will get nowhere near that now but as ser now has the sp of a shell company on aim yet still has valuable assets it becomes a screaming takeover target,as stated in rns the vultures are circling.
Love these late Friday afternoon RNS's. Unfortunately buying was early impossible, like you said bouncer only 4 buys and 66% up. St6phen, you will have to be quick Monday morning. I would only buy sub 0.2p. I'm guessing it will be above that very fast if not immediately
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.