I think lots still wondering pommefrite. There have been suggestions of directors having an agenda to take the company p.rivate or some such plan. The small percentage of shares in directors hands makes this impossible without a lot of support. Why would any institution or PI vote for de-listing and having no market for the shares? MXC partners were voted in as directors of Redstone to get the show on the road and their interest in Pinn opens up lots of possibilities. I think attention from others can only be good for small shareholders. Like you I have had hopes for multiples of the present price which I still harbour. I don't expect recent investors at 30p were expecting less than a pound at some time.
I thought mxc lifting their head over the parapet would have generated more interest in pinn. maybe lots stood on the sidelines wondering if its a good or a bad thing. Are they good guys or bad guys ? If bad we may see a white knight enter the ring to shore up our defences. If push comes to shove how much would folks settle for? I would be disappointed with anything less than £1. Thoughts ?? pomme.
On Reuters: Pinnacle Technology Group PLC announced that it was informed that MXC Capital Limited (MXC) is beneficially interested in a total of 1,197,778 ordinary shares of GBP 0.1 each in the Company, which represents approximately 3.66% of the issued share capital of the Company.
------so does it means MXC buying PINN shares for 10p which is nearly half of today's sp. Is that correct?? If so does it means that this sp will dip or not?? Thanks
It would appear that COM and RED footprinters are more intrigued and well and better informed as to the current substantial shareholder stakeholder in PINN that appears to be very close to a related party transaction with COM and RED, quite incestuous in my opinion. My opinion does not carry much weight but the current corporate manouverings will in the foreseeable future, probably!
of MXC , Ian Smith and Tony Weaver were the guys behind Redstone's turnaround with Smith as CEO and Weaver as non-exec. While the need for further financing at PINN is presumptious, their recent investment opens up lots of possibilities not least of which is an endorsement of the present SP as the removal of 3% of the shares will reduce the free float. We patiently await an IMS to let us know how things are rather than how some perceive them to be. I don't expect them to be passive investors though.
19.58 on the Ask. Although small trades have been seduced into paying well over the Mid price but squeeze the broker and you could get nearer 19. Be lucky. My opinion is that stakebuilding is the order of the day and PINN board should be in bid alert mode and should adopt a spoiling tactic by issuing more shares by way of a secondary placing, a rights offer will not go down well as too time consuming and expensive, to thwart and dilute any potential stakebuilders and or bidders chances of acquiring a sufficient number of shares/voting rights in which to launch a bid for the outstanding shareholdings. 10% is the next milestone for any would be stakebuilder!
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