Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Sorted CEO stepping back Wilkinson will be moving to full time
I would imagine that they have been working on this, and maybe other options for some time.
If that’s the case then the offer should or would have been drafted before suspension, and should be published soon. This hasn’t happened overnight and therefore various options would have been discussed by both parties at length.
They won’t do anything (that means they lose out), but I am worried that the price offered will be half the price it was when suspended, and the major stockholders of both companies receive very good options at the expense of the private investor.
I do hope I’m wrong.
Https://businesscloud.co.uk/news/delivery-platform-sorted-on-brink-of-being-sold/
Mine you the people that made those decisions have gone and this is different, sorted are in a position and LSAI could ask for they money back with profit
If it is lower I do hope it not stupidly lower like the last two funding
Buy more
Couple of scenarios, I much prefer the first although the second is a worry that I have to,
They have been playing with the share price for months with these silly little buys and sells and got it where it is and then requested suspension, so would not be surprised to see a deal at the suspended share price.
Sorted, seem to be in a bit of trouble financially, boohoo, Hughes and Wilkinson but more and keep they warrants until the sunshines
I don’t know, the is the first RTO I’ve ever been part of.
My only worry is we get less than the price we were suspended at, and the management of both parties get nice big share options that offset their losses and the private investors get shafted.
If the RTO happens at .2p then it’ll gap up to that price when it relists, same for if it happens at .3 and .4 etc etc.
More I think of it, the more I think it’ll be done at .2p rather than a premium, just so all the investors in SORTED are in at the same price as LSAI shareholders
Not a major issue as if they don’t raise with retail, and only raise with SORTED shareholders and Management and LSAI warrant holders, it will remain fairly illiquid on relist and could be a flier
I have a question if the RTO happened and the at an agreed value of .2 or whatever, they then issue new shares at that price what happens to the .14 suspended share price?
Thanks if anyone knows or can have a guess
Location Sorted
I'm not complaining........ finally glad to see something happening!
Can’t really get shafted from the price we were trading at. We have .155 in cash and trading below including a £5.4m deferred tax asset, the deal if it proceeds will be valued at minimum of .2p in my opinion which is still 40%+ to the closing offer price. Any more is a bonus, I’m personally hoping to see a deal in the .3-.4 range, think that’s realistic - .37 values us at £10m, £4m cash, £5.4m deferred tax asset and cost of listing etc
Let’s see
Nice company for the Boohoo to get involved in.
Duno how it will get valued.
Been waiting a long time and hope we don't get shafted.
To get the share price at a level to suspend IMO
While we wait we can have a little look
https://sorted.com/neuroscience-report/
And all we can do now is wait.
The company figures are quite low, they must how done their homework and seen the opportunity and hopefully huge potential
The long wait for it to happen is over now it a wait and see for result.
New chapter has started I wonder after all this time why they pick this one?
Now it’s a waiting game to see if the deal is concluded on adequate terms to LSAI.
I’ve had a very brief look and they do seem to serve a lot of the major retailers.
Be interesting to see what price the deal will conclude at, if it does conclude, would have to think it will be at .2p or higher!
Well the news is out, it’s quite an interesting deal.
That’s literally all it is a game of being patient, adding on any dips, which unfortunately I won’t be doing as I have more than enough already, and just knowing that these guys aren’t going to be doing a deal for less than their entry at 0.2p - so minimum upside from current offer price is 35-40% to 0.2p.
Factor in they themselves have been waiting for 2 years for a deal and if they want to see a minimum of 50% uplift for that 2 year wait you’d have to think a deal at 0.3p+ which is a bagger+ from this level
Hopefully we’ll get that long awaited news sooner rather than later.
I was reassure by the RNS that they will get there, just need to be patient
Maybe, who knows. I believe we will see a complete new direction in the tech space myself