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A point possibly worth noting.
My brokers have advised that, as my account is 'execution only', they will follow my instructions to vote to reject the bid. However, he did mention that, in the case of 'managed' or 'discretionary' accounts, the investment manager may decide on which way to vote.
Might be worth checking your status, if you intend voting against the offer.
Giibbo, you forgot the ' ocean of oil'
To say the value of the company was a derivative of £0.12 a share is ridiculous. Just cos small volumes sold for that price. Try to buy a company by buying all the shares at 12p Ha ha! As we all know the SP would have gone off the scale, In this case and many others the SP had no bearing on the value of the company. Sure you will agree. Let's see a more realistic bid .
and my 480,000... most definitely NO. Makes a complete mockery of the Stifel valuation of £ 0.37 & if I were them I would be looking to find a way to re establish my credibility. I was insulted to hear the utter waffle about a 50% increase in value from the 12p prior to the initial offer. We had a fund raising round not so long ago at £ 0.25p... we are increasing our Bopd, estimated to be 6000+ by the end of this year, we had some $45m in the bank at latest count and a funded $100m agreement with OXY...and the board are going to recommend this derisory offer? to quote our Baird...'Something is rotten in the state of Denmark'
And my 225503
You can have our "295000+
Just a thought, if any private investor has a stop loss in place with their broker then it may be prudent to reconsider. Would be quite easy to drop the sp and 'fish them out of the pot'
Running total sofar as at 10.30 this morning is:
59,051,158 shares pledged to vote NO
Amazing response guys n girls, keep the numbers coming.
230,000 to a no vote if needed.
Just a drop in the ocean ....but you have my 50,000
Feel free to add my 176,500 to a No vote
Johnny drop me an email please, trying to keep it all together in one place.
Ta.
Moneylender@gmx.com
You can add my 250,000 shares for a No vote!
Log on to your account and go to corporate actions and follow instructions or phone them.
New to this, could someone please give a template of what I need to say to my broker, BTW I'm with Halifax Sharedealing. Regards,
Good effort money and everyone who sent info of their holding (I did). So we have 5% of Amer as of now. Pretty good and if we all vote NO we could definitely make difference. We are at the same level as River and Mercantile Asset Management who have 5% based on yesterday's RNS.
I am sure we can gather another 2-3% from people who didn't respond.
Morning all, just woken up and read the emails. A quick calculate suggests we now have around 60M pledged support to reject the bid.
Yes 60M.
I Reiterate that it's not straight forward to vote this down, you have to instruct your broker, they won't come looking for you!