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How can they put in a low offer when they legally have to match the highest price paid in the past year? I agree that the appointment of two Accountants is only explicable if they are raising funds or preparing an offer or buyout.
But there are conflicting signals: they surely won’t make an offer yet until the the cost falls to something more acceptable to them; Accountants are only recruited for financial reasons; operationally the company is in a mess and can’t be earning anything consistent with going into administration.
As long as it’s over 25p I’d be fine with that . Seems like too good an outcome tho
I think BVT are going to absorb Defenx. Can’t really think of any other explaination for the short term appointments and the fact the website still doesn’t work. I reckon they will put in a low offer once the audited results are published and Defenx has ran out of cash again,
still waiting
I put a call in yesterday to the Defenx, investor relations department.
I got the details from their web site, called the guy it says to call but he had left the company...think it says something about a tech company who can't keep their web site up to date.
I'm still waiting for the call back..
So I have just contact WH Ireland and they said no one was available to speak just now but to call back later on, does
Someone with a better understanding of what’s going on here up for calling and seeing what they can find out ?
So I think the time has come for us to collectively come up with a plan on how we are going to move this forward , someone said on this B.B. they used to be an ombudsman, whsts the first steps we need to take ? Should be contact the nomad ? Or fca ?
Definitely still suspended. Really strange, announce they will run out of money by September (nexk week) but have appointed new non exec directors 3 weeks ago .
It's the Italian mafia playing games with us brits..... they gave us our favourite thing ever .... by putting us in a queue. Does anybody else wake first thing in the morning and check DFX. This is becoming more regular than my bowel movements. I'm with share.com and last week my shares were showing as 0. Now they're showing as the active but unable to deal.
Not sure if the time frames here are legit, seems to me that the directors have been more than a little underhand.....deliberately had the shares suspended by not posting accounts , so we are all locked in, then announce the have no money left.
I doubt this is coming back despite BVT.
If this folds, I for sure will be contacting the FCA (although they are toothless)
hefty placing is the only outcome i can see here , incompetent board doesn`t come close imo.
All my frozen DFX shares just became active again..... is this ahead of something about to happen?????? WTF
God knows, but I’m still confident given the level of investment from BV Tech that they won’t let it die. I think at some point soon they will announce the following: Fund raise - Either placing in which BV Tech significantly increase their holding or a cash loan from BV Tech / combination of both. Probably just enough to tick over for another quarter in the hope the cross selling BV Tech customer contract start coming through. CEO Appointment - How they haven’t accomplished this yet is beyond me. Final audited results - We all know this is going to be pretty crap, in fact very crap. Potential contracts - Despite mentioning in the recent RNS that securing these contracts has taken longer than expected I’m sure something will come through, but I still would have expected something by now.
that we can expect some form of update here, and what do you think the outcome might be?
cant be far away now :(
Not another RNS with no content.... by this rate you will be reporting 2018 figures by the time you get 2017 out the door.....
I’d take 40p
There will be no new CEO. No new game plan.... this was always in the plan... which is why They allowed it to breach it was all planned... and illegal........ 51p in Oct would be bad enough but they could effectively wait until Dec and pay us 38p depending how tight Baccardi Breath is.... I just wish they would be up front about it stab me from the front, not the behind... i would take 100p now if they offered. It's a big 2 fingers to these share being swallowed up by an Italian whale. Meanwhile these new appointments to the BOD are getting £1000 a day just to create the illusion something is happening.... cloak and dagger all The way with these.
So that would be 53p, the price achieved on December 14 2017.
I think you're right though that the highest 12-month share price approximately halves around then making a buyout more affordable to BVT. Two, new, non-executive, interim, Accountants on the Board to manage a buyout. Accounts have to be published by December so waiting until October still stays within the rules to do this. A waiting statement in September regarding working capital and next steps. It all fits.
Apologies I was a few days out..... October 26... down to 51p
I still don't understand how you get 40 odd pence on October 17.
On October 17 2018 the highest share sale price achieved in the previous 12 months will be 103.50p, achieved on October 20 2017.
Go for it
In October the highest price paid within the last 12 months will be 40 odd pence. Not 107. And notifying the FCA now will formally acknowledge the fact that this is what I believe they intend to do. I am a former financial ombudsman and now work as a s166 (conduct of Business) Skilled person review consultant in regular communication with the FCA. Im not talking through my backside. As if we go to october then get an offer for 40p whatever for a share I will be suggesting they investigate this company for misconduct and withholding financial reports from investors.
I can't see why BVT would offer 40p on October 17 when AIM rules dictate that they would have to offer 103p.
If it wasn't for BVT, Defenx would have gone bust by now and everyone have lost their money. They're not making new appointments for a laugh so I think they are looking to salvage something from the wreckage. As the two new appointments are Accountants the salvage operation is either raising more working capital, a new share issue or a buyout, for which they will have to pay. Anything other than the terminal act of calling in the administrators gives hope.
They're not breaking any rules, although they are exploiting them to the nth degree, so I can't see the FCA being interested:
Legal or not... it's happening.... I predicted months ago we will get an offer on 17th October..... at c40p a share...... DFX am and Bacccardi breath are making their own rules here...... which is why (if you scroll down) you will see my suggestion to report to the FCA what's happening. . Then there is evidence if this does happen