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"Sources said that Mr Dunkerton's willingness to inject such a substantial chunk of his own fortune into the company reflected his confidence in the company's turnaround prospects."
He has lost the trust of most investors and potential investors, I would imagine. Cannot blame them really, all obvious things considered.
Hard to see a credible alternative viewpoint IMO, not least based on how he went about things, which led the SP to where it is now.
I wonder if Ian K is still an investor? Did he ever post here again?
If they run a pre-pack administration then lets hope he is outbid
I would of thought he's confident as will anyone else be, as I'm sure it'll be asset stripped to the max and they'll get their money back, the humble p.i not so sure.
Record date for Open Offer Entitlements 6.00 p.m. on 16 May
so anybody buying shares today can't take up shares in the open offer? are they 5p?
"Sources said that Mr Dunkerton's willingness to inject such a substantial chunk of his own fortune into the company reflected his confidence in the company's turnaround prospects."
I too am confident of a turnaround, on top of which I'm confident of a huge re-rating of the valuation by the then Auditor following the fundraise and delisting. I'm confident I won't lose money if I stay in. I know I would crystallise a loss if I sold today, and I'm confident that staying in is the right option to make a tidy profit out of keeping this company afloat.
RNS probably put a floor under the sp at 5p.
Cancellation of listing of the Existing Ordinary Shares on the premium listing segment of the Official List
8.00 a.m. on 12 July
7 weeks away..
I suppose we are walking the green mile now
21-May-24 15:43:48 7.8284 231,723 BUY 18.14k
21-May-24 15:36:28 7.26 195,937 BUY 14.23k
Can anyone explain these buys today presently does not make alot of sense!
@slacker246,
Because whoever bought those shares at that price think they can make money from it.
That is a very basic answer to what was a very basic question!
I could of told you that! 😊
presently where is the hidden value in this share??
Yes, it is a basic answer to a basic question. However, just because it's a basic answer, does not mean it is incorrect. Occam's razor springs to mind.
Perhaps a more complicated question would be... why were there so many more large volume buys than sells? Or, why were there large volume buys after the rns was released? Those are more complicated questions. You can still apply Occam's razor to those questions, but it becomes more difficult.
But all you can really take from those two isolated buys is, someone believes they can make money from buying them.
The more I read the angrier I get with all this. JD is basically stealing SDRY from long term shareholders and the board are working in tandem with him. It's nothing short of criminal! The mere fact that what he wants to do is illegal unless shareholders vote that the rules don't apply to him tells you all you need to know. On one hand according to JD and his merry men the company is a total dead duck and will fold into administration unless we pass total control and ownership to him. If it was that bad why would he want it and why would he sink £10m of his own money into it? It's a total scam.
If there is a God up there I hope someone else walks in and takes the company away from him and their first job will be to sack that board!
Yes, it certainly seems that way fordy.
I thought it was the Chairman's responsibility to prevent things like this going on but he seems to be in on the act. In the UK the Chairman and CEO roles are specifically separated to ensure all shareholders get fair treatment, but that doesn't seem to be the case here, does it?
Deep value 👍
I’ve looked through the docs which have been issued and didn’t see anything about how to sell the shares when it’s taken private. Does anyone know?
If it is taken private"a" Matched system" will be available where you contact the nominated broker and let him know you want to sell at a fixed pricd"they then have to find a buyer willing to pay the price you require The problem is if no one wants them you cannot sell them( EX I am the major shareholder of Superdry "I do not have to follow any market rules :can win any vote:make my own decisions "file my accounts once a year"not pay dividends"pay myself what I want"Why would I want to buy more shares as I'm in control 😉
So what you basically saying is the matched system that was mentioned in an earlier RNS won’t work in reality.
Who knows"you might get lucky "I have a RUSPETRO share certificate and each month I email the broker and try and sell them" no buyers for 3 years"Directors hold 75% of shares in company
Pumpky, that's exactly correct, but I got blasted here for saying it weeks ago. Forget the 'theory' of selling de-listed shares, as the reality is VERY different. They are notoriously hard to off-load, following a de-list. 'Over the Counter' is totally flawed - for the seller at least. Great if you're JD though! I guess it comes down to taking 6p or gambling and quite likely, getting nothing down the line.
And THAT is precisely the "heads they win, tails you lose" position, that they want you to be in. JD and his merry band of highway robbers, have properly shafted the little PI's here.
There is a reason that shareprice falls massively as shares get delisted.That is due to the fact that most of brokers try to match buyers with sellers and supply and demand determines the price.Sellers have very little say over this if no buyer is found then seller is stuck.This is JD's way of taking it private without paying premium!