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....for 287.65 pence. Pleased that the spread is so narrow. Bowing to the inevitable and also didn't want to risk a failed takeover and subsequent de-listing.
Unikmind acquires another 12 million Kape shares
https://www.sharecast.com/news/aim-bulletin/unikmind-acquires-another-12-million-kape-shares--13147474.html
Looks like those shares being sold before the end of the offer are being bought by Unikmind
Does anyone know if this means the offer will become unconditional and shareholders will get the £2.90 or could be stuck with these shares.
It is now making only having 2 bad choices.
Answered my own question, now gone unconditional as I was expecting.
Not very happy but unikmind as a majority shareholder I guess this was never going to end well for the small guys.
FCA make me tick boxes, stop me buying shares in some placing as it seems I do not know enough where I can buy them in the market for more and can't even sell REIT shares in my IWEB account and rebuy back in my ISA in one transaction fee as not able to tick the KID box in this type of transaction. With all these restriction the FCA do nothing about this type of sharp practice, in effect blackmail, accept our offer or you will be stuck in a delisted company, you have to answer what is the point of the FCA except to tie you up in knots and prevent the small guy from having the same options as the large institutions.
I think most of us share your frustration, TerryM1. This takeover, with the likely Squuzeout provision enactment, is little more than legalised theft. I am losing about 30% on my holding.
Stuartrm
Sorry to hear that, the only small consolation is that CGT losses will become more useful with the current tax changes.
I am making a small profit as I picked these up from Primary Bid in the last placing with the intention of holding for long time as it looked like a winner.
From another board
Merger, story of pig and chicken, one day chicken says to pig let's merge breakfasts are booming, we will make a fortune, I lay the eggs you supply the bacon. Great said the pig, then he thought, hang on Mr Chicken you lay eggs everyday, I get carved up. That's why I called it a merger, not a takeover said Mr chicken
Looks all too familiar