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bye bye 7 dig.
Won't be missed.
£70k? in a penny stock!?
Either your network is north of £100m or you need to keep away from the markets.
Only on government-issued phones though. Imagine it won't effect them at all, as most people will have it on their personal devices anyway
What a shame that all this news over banning of tic tok
Will come to late and the new owners will of bought 7dig for a song
Real shame
Hi all,, well at .695p I am still down 70% = to £70k so i WILL DEFINITELY BE VOTING NO, Regards DM
your shares will be bought (at 0.695p) by Songtradr if the takeover goes ahead and the £££ deposited in your account, it will be an automatic process; there is going to be a shareholder vote and they need (i think it's) 70% to vote yes in order for the takeover to go ahead, if it doesn't go ahead then the shares might drop back to their former level...
If I've got any of that wrong I do apologise, there was an RNS detailing the inns and outs so maybe go read that.
As ever DYOR.
Onto the next investment...
What happens if you don't sell your shares?
and it really has become a trickle after the initial sells when the news dropped.
7.49% last Monday
8.64% today
=1.15% more shares bought in the last week
The small amount of investors left, have been hanging back, hoping for a rival bid, which doesn't look forthcoming. Songtradr are just sitting on the 'bid, waiting for the shares they need to trickle through.
Think ‘people’ are only Songtradr who will mop up all sells as they save payin less than the .695p they pay on completion.
Don't get why people are still buying
Yes and why are there also a large number of big buys today too? Answers on a postcard please.
I bought in during covid at around 1.8p maybe a tad lower , and watched it sink, slowly, down to I think 0.4ish, and averaged, I luckily sold last week with a £10/15 loss, I only had 60,000, so I'm well happy with that. Obviously would have liked a higher buyout price, wouldn't we all. GLA.
I sold the rest of mine this morning for 0.68. No sign of a counter offer and always the possibility of a problem with the deal. I think that is a fair exit price. I bought some at 0.275 and some higher but at one stage I was buying and selling these at 4p. They were 100 pence plus at one time and constant dilution has shown the impact. A dawg that never made a profit in over 20 years. If you made money on this you have done well!
I guess these aren’t worth holding any more?
If you sell your shares today, Songtradr is buying them. They probably have a huge buy order so people dumping their shares will automatically be picked up by Songtradr. This is why it looks like there are loads of buys coming in. Regarding your shares... unless you have a majority holding, yes, you're forced to sell
Yes but what does that mean for us? We're forced to sell? Been there before many years ago. If that is the case then, why would anyone continue to buy when the price is locked at this because they sure are doing?
Songtradr has bought 7dig and Songtradr is a private company, so it will be taken off AIM. They are buying all 2.7b shares for 69p a share. All in the RNS
I'm afraid I've totally lost the plot here. What is all this talk on Simply Wall St. about 7dig delisting from LSE AIM? Will it re-emerge as Songtradr or something? Can't make much sense of it.
https://simplywall.st/stocks/gb/software/aim-7dig/7digital-group-shares
Wondered, re the RNS is this the ITM Power Graham Cooley?
So there was a large number of buys today. What is the thinking here? I'm confused. Do people think there's nothing to lose as your guaranteed a minimum price of 0.695p per share, so you can't go wrong hence the big buys?
Or some news of a possible rival bid comes in and pushes the price up. Any thoughts?
So here's the situation....
Sell today and get 0.675p approx or wait until 7digital is bought out and receive 0.695! You can currently buy for 0.684 on HL
buys flying in
Every time I do a dummy sell on HL it quotes 0.675p regardless of what is says on LSE
Wish it was 67p. LOL