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Also if this is a deliberate blocking move why didn't he take more in the placing and be done with it? Yes I know he's getting them cheaper now, but he couldn't have known the sp would decline this much after the placing, so why take the chance when he could have taken more in the first place.
Ok, but then the said consortium of 3 like minded individuals will have to eventually show their hands. Unless they are deliberately not releasing TR1s then these 3 will currently be under 3% each. They have a long way to go to get to 29% each.
It's definately not a moot point at all as it's not just about a single person building a stake of more than 90%.
- A consortium of 3 like-minded individuals can each hold 29.9% without having to take-over anything. When ready to pounce they just need to persuade other holders to part with 0.4% and the company is theirs. This equally applies to larger groups e.g. 10 holders with 2.99% etc.
- If you're a PE who wants to take this private and has been accumulating shares through your proxies/off-shore companies hoping to get it on the cheap, you now have to meet whatever price DC decides he wants to sell it to own it outright. If you don't, then he's always going to be there with his 10% taking his slice of your dividends and being a thorn in your side.
To me this looks like a deliberate blocking move from DC, which suggests he believes somebody is trying to get the company below what he thinks it's worth.
From a PI shareholder point of view this is all reasonably good news in that the price DC would likely accept is going to have to be higher than would otherwise be offered. However, as DC has now significantly averaged down from his original position, he's unlikely to be holding out for the dream-land of 10p, and probably an offer of more like 3p will be enough to persuade him to get out (an easy 9 million for him to invest in his next project).
Surely the only way to hold 90% is if its taken private.
Can't hold 90% as a public listed.
It's only 10%....
Lots of investors hold 10% and more without wanting to rule the company.
However I find the date of threshold crossed and Cap-x informing interesting.
Almost like it was planned?
Right ok got it thanks. Although I can't see anyone owning 90% anyway so probably a moot point.
As per takeover panel rules, once somebody controls more than 90% of the shares they can force the remaining 10% to sell their shares (to prevent hostile blockers)
Now that he owns more than 10% he will have to be persuaded to sell, rather than being forced :-)
That's interesting coldrain, so if someone owns more than 10% of a company they can't be bought out without their permission?
Interesting. CPX could easily be taken over at this price. Dr Cooley seems to want a say in matters as he now can't be compulsorily acquired at 10.32%.
I've been here for a while and sadly i have been showered but not in riches.
The long term hope something grows in the compost i'm covered. in.
It will drench us with riches
'real investors'. LOL I will now go out and enjoy the rest of the day laughing at that
how you feeling scmdcyp? A tad disappointed?
Roger65, you sold out! Now you're here preaching dooms and glooms. For goodness' sake, go out and enjoy the day in the sun, and come back when the stock price is at 1p
Let the real investors worry about making money.
Oh yes, but another 2 billion shares have been issued since that and the reputation of the company is in the gutter thanks to its CEO. They MUST get rid of him urgently.
It's midcap was well North of this with awful sales, no cash, huge legal fees, a Tesla court case against them. You remember Rog? That was when you were buying lol.
Omg Discodog, 3 - 5p? And why would Dr C want to pay 30 to 50 times more than the company is currently worth and valued by the markets? The sp can't even get near 0.1p.
Of course. Why else is he buying. Still no other TR1s. They should give clues.
Very interesting line
While Cooley's loading up to 25%, to take over. don't forget he he paid 5p then averaging it down now.
My take is this company will be sold very soon. 3-5p is my estimated price tag! unless takeover bidding war from rivals.
My money is on dr C and a few others taking it over but at the lowest possible price of course.
'They may genuinely believe in the company's future potential' - you're not being serious right? Lars has not proved himself capable of anything other than that he is totally inept and out of his depth trying to be the CEO of CPX. Dr C obviously sees a chance of making an impression but to suggest he suddenly sees the current management of doing great things for the company is laughable.
Anyway, if Dr C was at the helm , or even involved in Board decisions (assuming Lars would be shown the door) I'd get back in here. As it is the sp is at .083p
scmdcyp - how you feeling now about your confident predictions this morning? Typical ramp crew inhabiting this bb today and already proved themselves to be way wide of the mark. sp nowhere near .1p yet and not looking likely anytime soon. Worth keeping an eye on but the market has clearly indicated it has no confidence in current mngt. Lars needs to be got rid of urgently imo and someone with some respect in the industry put in place. Lars is an engineer. Not a businessman.
If Dr. Cooley has increased his holdings significantly to over 10% now, it suggests that he may be working with others to gain a larger stake in the company. These others could be holding shares just below the declaration threshold (3%) to avoid immediate attention.
✅ Motivation: There could be a few reasons for this type of move:
✅ Takeover Bid: The group might be planning a takeover bid to gain control of the company.
✅ Strategic Partnership: They could be seeking a partnership or large influence on the company's direction.
✅ Belief in Future Growth: They may genuinely believe in the company's future potential and intend to secure a large shareholding.
Beesty69 I may be all of the below - but I am also correct. Good luck recovering the small amount of money you have left invested here.
250K rounded up @0.086. Now "Only" need 1.65p to breakeven (was 3.7 in Feb)
Fingers crossed! GLA.
This line from the RNS is interesting....
"the only remaining payments for legal costs will be normal ongoing corporate legal expenses, including, for example, those associated with applications for patents."
They are not working with Tesla.
Tesla would just buy the company with pocket change if they wanted the products.
They don't even have a patent so Tesla/Maxwell will just make their own.
Some addicts negatively try to scare naive traders. Just beware. Hold your pearls.