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This is really pi**ing me off where can't find the actual price of this share, at 4pm was showing up 4% in my HL account and then finishes the day -6.25%, but then checking on several different sites im getting -2.41% and +8.40%, I ain't a clue what price it's doing during the day or at close because none of the poxy sites give a true price...arggghhh, by the way I stopped trading with AJ Bell because they never show at end of the day a true value of my portfolio, now I'm with HL they doing the same too....absolutely fed up with it.
Good call Liquid1, more than likely
A letter-to-the-trustee-of-the-bondholders RNS will come Wednesday before the bond holder meeting.
Will clarify the sale hopefully!
Hopefully news in the morning, can't be far away now.
If we get a buyer then boom.
They wouldn't of mentioned it on the 28th if they weren't confident, you would of thought.
Gla
Looks like order filling all day?
Random drop on buys. Seems they don’t know what to do with this.
You wanting to buy? Need to get in line! They want a million and will offer me 3.21. Will only sell 100k worth and its 3.94.
Ludicrous spread again
Mm’s obviously no were right on the cusp off substantial news here.....
Wouldn’t be surprised on a strong afternoon ahead off us based on the anticipation of news which could land any time now
40m free float.
35 m traded last few days in London.
Doesn’t include Tel Aviv trading.
Offer not dropped!
Coming days RNS on deal
25%ish drop now two days in a row on nothing news, tells us that MMs very short here and using every opp to drop this..as when the anticipated news lands they will sell these back at premium.
Nothing news, MMs dropped this 25% on open, and there are a couple of panic sellers lol It’s very similar to Fri, the smart investors will gobble these up when MMs let them...watch this space.
As I said good luck the brave. I bought here as part of my day trading strategy and so was looking for a quick profit. (I use a small percentage of my holding for day trading.) I was aware of the history and it was the history that worried me - what are the chances of the bondholders being held off again. I don't know and so I sold taking a loss of over £3k. It's not even 9:00 and I've nearly recovered that loss. If they manage to sell and come away with some money in the bank then it will be interesting to see what happens but my view is this is risky and not helped with Brexit. Good luck to all holders.
I’m well and truly loaded here and going no where until we receive our sale off Team Internet.
We have been told offers are in and the market will be updated in the coming days
Wait and watch this space as in any time/day now
Think you’ve panic sold fella, it’s all just process and nothing to worry about. GL getting back in when real news lands of sale of Team Internet..
You do realise this is just a business process. This is a repeat of the 2nd July RNS pretty much and we have had endless extensions saying that the large shareholders will foot the bill. This has been going on for months. No change. Just sit it out for a sale.
They’ve had meetings like this before, so this is nothing new. Panic sellers, will be again by close once MMs flush out the weak..
No news on a sale and with the bondholders meeting on Thursday I deem the risk to great and sold this morning. For me, this was either going to fly or die. Good luck the brave:
Half Year results: “Matomy's domain monetization activity, now the Company's single activity, generated revenues of $33.7million, (H1 2018: $42.6 million). Team Internet itself, showed a reduction in its financial performance for in H1 2019, but continued to show profitability and positive cash flow”.
“The Company requires additional capital in order to fund its liabilities (such liabilities include, among others, liability to non-controlling interest and convertible bond liability). There is no assurance that the Company will be able to obtain such required additional capital. The Company believes that these conditions raise substantial doubt regarding the Company's ability to continue as a going concern. For further details, refer to Note 1c to the Company's financial statements and to the Auditors' Report”.
“Matomy has historically derived the majority of its revenues from customers that use its solutions for display marketing campaigns which are now rapidly declining”.
Bond holders want immediate payment!
Team Internet has multiple bidders!
Do the maths and sell Team Internet +US$ 36m, ASAP.
Problem solved!
So the RNS this morning is just repeating yesterday's news in Tel Aviv. What we need is news of any agreement which will make the SP fly. GLA
I'm thinking 12p is possible but time is tight so we need an announcement well before Thursday. I'd top slice at 12 and see where we go from there. I can't see these guys sitting idle for long. 2 x RNS here tomorrow? GLA
Looks like I need to cancel my limit order sell at 6p then!! Better make it ±±± 12p
And they is why I am here. I equate that to roughly £16m or in essence 4x the current SP.
I may be wrong but I was going by them being two hours infront.
I can't be certain if the market saw it in trading hours or not.
It's a very good sign to Me but how the market sees it well, we will see tomorrow .
Looks a done deal to me and that's my only take on it.
See you all tomorrow at 7.
Apologies, I forgot to convert € to $ so $36m is correct. In summary: In April 2019, after no progress had been made by Matomy towards a bond renegotiation and rights issue, the minority shareholders of Team Internet exercised their option to buy back all their shares from Matomy at a 40% discount to the price paid. This totalled $36 million, which would first be used to repay the bondholders. Bondholders approved the offer and also approved bond repayment at par value, totalling NIS 101 million ($28 million), leaving a surplus of $10 million for Matomy. Matomy also confirmed that a German tax refund of approximately $4 million would remain payable to Matomy rather than Team Internet. The deal would leave Matomy with a cash balance of approximately $19 million and no business activities.
In June 2019, Matomy reported that the minority shareholders of Team Internet wanted to re-assess their offer for the whole of Team Internet after a handful of accounts were deactivated by Team Internet due to quality issues, and in August 2019 the offer was dropped. Also in August 2019, Matomy reported that it had received multiple non-binding offers for Team Internet that would likely enable it to meet all its financial obligations.
I am unclear where we are with interest payments but certainly the RNS was announced today in Tel Aviv at 15:04 while the market was open there. I think the announcement is literally because the bondholders want their money and the meeting on 5 September is designed to try again. Interesting times ahead!