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StockFiz,
The debt has not been restructured yet. There was a extension on the 1st Feb for this to be considered.
Not sure £10k in value constitutes a big buy or sell. Most of us long term holder on here have multiples of that.....
Oil prices going up, they restructured the debt again on the 1st Feb...
StockFiz,
The big big buys is therefore one buy. Why is it time to buy now. Do you you have some information that the finance issue has been resolved?
Looks like u wanna sell at 6. How many shares u got to offload?
18-Feb-21 15:11:13 6.4999 152,992 Buy* 5.94 6.90 9,944
The only large trades that went through today
all went through @6. look like sells to me!
StockFiz.
Where is the evidence of the big big buys?
Look at the trades today, Some big big buys happening...Don't say you weren't told...
Reddit would help!
And u know this how? Are we on reddit?
Its the time to buy now
Big movement coming everyone buy now
ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ
Plenty of movement happened, just not in this stock :)
This would be a travesty if this company was left to be picked clean by others. With POO at these levels this is worth so much more with there fleet of ships .
@GB - SF owns 30% and their friends own 20%, thus controlling 50% of the votes.
Think this week there will be movement.
Not a trick question, am new to this stock. What % do SF hold please?
I hope that was not an intentional trick question :)
The company is controlled by SF buddy
The company seems to want to fight off Seafox, so surely they're going to try and dilute Seafox's share holding as part of the debt restructure aren't they?
The comforting factor to an extent is that Mazoui and Horizon Energy, who have aligned with SF currently, rejected the 10p bid. But again, not sure what they agreements are struck behind the scenes.
You have a good week too!
Yes of course read it, IMO the hostile was because of the dire terms, the timing et al.
I will reiterate what you have said in full "Listen, I am on your side, and I am hoping that I am proven wrong. I just don't have enough comfort in this board that they will do right by the minority shareholders. I will change my stance based on the outcome of the bank discussions."
If they roll over again I will be questioning my holding and very likely reduce in some manner before the end of the month.
We are relying on the whites of their eyes... that's the risk!
Have a good week mate.
Of course I have read it. They don't really make any solid arguments. though Agree that Tim getting paid when he was fired was a sour deal. Yet the improvements on cost side have been delivered under the watch of the old board. The new contracts they announced recently, I bet that the tenders were submitted before this new board came in. At the time they negotiated the bank deal, things were super uncertain, that it was perhaps the best deal they could get. They weren't given the time to do a capital increase, and got replaced, because clearly SF did not want to participate in a rights issue (for reasons unknown, but will certainly unfold in due course). The old board was also cooperating with Zakher Marine to save on costs (as far as we know), and ZM is being sold to Adnoc currently (as per November news)
Have you read the hostile offer letter?
Listen, I am on your side, and I am hoping that I am proven wrong. I just don't have enough comfort in this board that they will do right by the minority shareholders. I will change my stance based on the outcome of the bank discussions.
It really does strike that they are genuine...
But again... they time may come, if a deal doesn't land that that will go out of the window... still seems a 10p offer could be best option, provided they have the capital to cover it etc...
I agree on your predicted upside... with the debt out of the way the results are very very strong and 30p should be the minimum ball park figure.
Gap closes at 33p.