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Of course inflation is significant for such a deal (as are exchange rate fluctuations and the potential need for hedging to protect the end value for shareholders receiving dividends in GBP). I would have expected it to be a given to have a contract term in place pegged to an agreed inflation measure. Savvy Sole Traders have often got that covered for tardy payers, such as BoEBR +?% after 14 days.
Are we supposed to think the ongoing delay in the main event is because the buyer isn’t in a position to want to ‘announce’ (ie go through with the purchase) of the DaaP, or because Amit can’t get enough extra cash?
I suppose if you take the outcome of a payout as a given, then working back from that needs continual explanation of delays and anomalies, but working forwards they don’t seem plausible (to me).
Would anyone continue having faith in this type of a situation in a different context, such as an ongoing transaction in your own business or the sale of a property?
If the execution of the daap sale deal has dragged on because of the purchasing party’s delay then the selling party are well within their rights (providing the terms of the initial agreement permit) to request an additional sum to compensate for inflation. I’ve been privy to deals in conversation for a long time where at the last minute a higher number is put on the table by the seller - either for inflation (ethical) or just because they can (less ethical but legal).
If the buying party has already been using amit’s tech for the last couple of years to establish their platform then they will be obliged to buy his tech. Both parties just need to maintain open conversation & a sense of reasonableness to get it completed.
You don’t think there is even a remote possibility that the whole deal will be announced as under renegotiation? The DaaP sale has effectively been announced as being renegotiated (ie not actually locked down means there must be an ability for both sides to walk, you don’t need much business experience to see the likelihood of getting more money on a deal that is already legally binding as infinitesimally small).
Four outcomes, initial payout comes as expected in next 2 weeks, simple delay announcement, deal restructuring or silence.
Nice to remind ourselves that there’s:
1. A $50m licensing sale
2. A $225m+ daap sale
3. Holders will still own shares of whatever’s left - possible relist on the cards too!? 😅
Bad times for non-holders & those exposed - everything to gain genuine for holders 😉
Cindy888, miraculous ability to post whilst asleep and dreaming..
“under the new owner”
? what on earth are you on about? - even amit isn’t claiming that he’s sold the company.
So just to clear things up, share certificates will still be with Computershare (US) under the new owner. The roll numbers should be the same and kept on the transfer. If the transfer is happening, Guess the company add the number and Merry Christmas. IMO
Been quiet here for a few weeks... again, what would be the value in this being a lie?
I doubt ABH wants to make the target on his back even bigger. The quote from many moons ago "Value will be delivered to long-term shareholders"... I doubt anyone imagined it would be this long.
Like the level-headed ones on here, I will await news from my broker, failing that I will assume nothing is happening. Checking in with them every day is a waste of time.
Spoken to Barclays again this is not happening they have heard nothing
The truth will always win in the end.
I must admit i wish there was some way of making a legit bet with you. i would love taking the money off you. you will lose[ 100percent] because i am telling the truth.
Helx. seems that you and hubba think i am martin. how about a 5 grand bet. if your so sure how about it.
Austin. i find it interesting and takes a few minutes to post. by the way most my posts get taken down. so i keep posting because in general when negative posts get taken down the peeps who report have something to hide and just want bullish posts. it happens on all chat boards and the outcome in many cases is company gets suspended. so the bulls lose people loads of money.
Is that coz you’re a version of Martin Terry with a spelling & intelligence deficiency?
Here is another fact. i have not reported one post but they have reported and got many of my posts taken down. you would not bother doing that if you are right.
So after 193 comments in just 30 days on a delisted share, that you dont own or have no financial interest in, you questioning anyone's sanity must be about the most deluded remark on LSE.
You idiot. it is you being positive all the time. lol. you are so devoted to the cause. not even a teensy wincy bit negative is your mistake. so crystal clear and you keep posting . go back to blackpool. and live your dreams. ha ha.
Helx. tell me and others this. give us some real hard evidence. only 10 business days to go after today.also why get negative posts taken down. i mean why be bothered about negative posts if you are 100 percent sure all investers will have money in bank accounts in 2 weeks. tell the truth man. what is wrong with you.
You just described yourself to a tee… 😂
A blueprint of what a paid shill must look like. helx post. and losing it as usual. no being calm. notice how he mentions holders and non holders in his post having a go at them. but says nothing about people getting paid to be positive all the time. which is of course him. you could not make it up.
Lol sic ‘holders with hope should be ashamed of themselves’ ffs - non-holders should be the ones ashamed of themselves piping up on this board midway through a 5 week payment process (as expressly written on the company website) declaring it’s all a lost cause. When this payment arrives in a couple of weeks we won’t see or hear from you again. Good luck with the repayments when the bigger sale news drops.
Conrad. so you expect right at the end in one day payments will be made to brokers and all shareholders with certificates. and without contact till the last day. so the agents are working but keeping it all hush hush 3 weeks later. give over.
They should be ashamed of themselves. the worst thing is even right now they still are not even a small bit negative. and they will shoot down any posts that are negative. after today only 10 business days to go for the max 5 weeks up. and still nothing at all.
Having twice experienced Amit, shall we say, telling me untruths face to face, I have no illusion that any kind of payment will be made.
And having read all the utter rubbish posted on this board I am even more depressed, those deluded enough/paid to keep posting positive spin should be ashamed of themselves.
There are people in this world who simply will not accept the bloody obvious, and I ask God to give them strength to finally let go and find peace.
Even as I write this a very small part of me hopes I am wrong, I guess my journey is not yet complete. GLA, elsewhere of course.
I reckon we'll get some news this evening.