More chance of a return if you cashed in and bought a lottery ticket
Large buys today ????gla.
5 Dec '14
hadn't actually read that info - but exactly as assumed, Very detailed description of the Assay fam in the later paragraphs, and interesting investment structure
4 Dec '14
Read Paragraph 9, on page 24, of the Subscription Circular available on the MAX web site.
4 Dec '14
that it's dropping like a stone because those results read like being boarded by ice water. except it's all known to us already. there is still huge risks involved. deal voted in and agreed in principal but signed off and money in the bank eventuality still based on contingencies. and then we have to take them on their word that they will undertake the share buyback, unless they have to rescind the offer and commit the capital to other concerns, (which is looking like a possibility). on top of this in the current atmosphere; it's looking likely the offer will be oversubscribed big time. so you will still be left with half your holding even if all these things come to pass. taking this all into consideration you're only left with slightly unhinged buyers who actually want to get in on MXP as an investment and right now that's crazy talk and reflected in the discount. MXP might touch their recent lows again shortly at which point is it is a better speculative buy if you're a gambling man. all IMHO and DYOR, comments welcome.
4 Dec '14
question from a novice
I hope someone could give me an answer to a very simple question. and thank anyone in advance for doing so. If shareholders have been offered 1.64p per share, why are people selling at this level instead of holding out for the payout. if someone invested today at today's sp are they still eligible for the 1.64p per share buy out price , ooops more than one question ....the percentage profit from today's buy in price would be circa 70% ,,,I expect all holders who bought in at a much higher price will not be happy at selling , but selling at this price seems silly from an outsiders point of view... the 1.64p is from memory apple- orgies if incorrect...
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