Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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Probably the suspension of trading.
Haven't seen anything else.
Of course they could know something we don't. It's almost certainly "game over" in terms of the share being listed, only question is whether they can sell the assets for more than the debts. Statistically they're unlikely too but I remain hopeful.
Guys I have received a letter from my broker saying that the company recently announced a corporate action,
Is this any good or is it the end game
Oh thanks for letting me post elsewhere !!! Some proper sad sacks on these boards . Telling people a share is dead and don’t post on this boards whilst posting on this board pmsl 🤣
Seek.help brother.
You talk **** best thing is you refrain from posting on this BB and perhaps, any BB
Are you bricking yourself that if you're slightly wrong with this you've missed a multibagger?
Bloomy company dead, so vacate this BB I don't mind you posting on other boards, but you playing into hands of losers like max19
Jrlomax good post
Look at what’s happened at bidstack. The board who failed shareholders have bought it out of admin and shareholders have been shafted. I’m afraid this is dead.
What’s it got to do with you who’s on this board ?? Bell end
Saietta may be dead. Shareholders may still get a return.
Maxi19 get off this BB, no more posts, Saietta is dead.
Sharemeister, all the staff have been let go so I don't think this is coming out of admin.
Related to that, the mcap before admin is irrelevant to the question of whether there will be a shareholder return. It's relevant to the question of what gain people who bought in at that price would get, but the key question is whether the administrators can sell off the assets for more than the outstanding debts.
Like you, I struggle to see how the assets could be so worthless so as to not be greater than the relatively small debts. But there may be something we don't know. After all, each of the major shareholders dumped their holdings and admins hardly ever produce a shareholder return, so it doesn't look good on paper.
Maxi19 I bought before suspension, and am convinced that SED has to be worth way over what the market cap at suspension was (circa 1M). I find it hard to believe that shareholders will walk away with nothing out of the administration process. If you listen to the many Trolls on this board(which I don't) they are trying to convince all and sundry that SED is worthless. I don't buy that, and I believe that and many sceanario's can still play out.
The company may also return out of administration with new financing. It's a good business and I do not buy into it being worthless, quite the opposite in fact. GLA LTH.(Ignore all Trolls, and doomsters)
Could be a good sign, could be a bad sign.
If good it might mean there's a competitive auction process with bidders carrying out DD (which takes a while and is expensive so would show serious intent).
If bad it might mean they're struggling to find a buyer.
Why will I post you a link ? If you let me know where to send my invoice I get straight on it
So all off this BB now!!!
No more posts ok!!!
Bloomy, I said there is no obligation to sell to the highest bidder, I never said that they wouldn't. Based on your strong statement I will happily read the link that you will post that will correct me now.....
TRQS, there's a grain of truth in that. The administrators have to maximize returns for the creditors. So, say the debts were £5m (including administrator fees) and someone offered £5m for the lot and someone else offered £5.5m for 90%, with the 10% remaining being near worthless, then the administrators could probably accept the lower offer.
But if you're talking about material differences in value, say £5m and £10m, then I don't think your point applies.
Dont talk rubbish , their obligation is to get as much money for whatever assets are left end off .
There is no obligation to accept the highest bid, obviously in your simple case I'm sure they would go highest, but it is always more complicated than that, i.e. x company wants the IPR (may to take to India) but not the assets and liabilities (costs) of Silverstone or Sunderland, vs Y company that will just take everything at a significantly lower price - who would you decide upon? Usually, for a UK company, they'd much prefer company Y as their fees just won't cover managing of disposal of a load of stuff that is no doubts stuck in those buildings.....
Santiago, they said discussions with interested parties would continue following the administration. The lack of news will be a result of confidential negotiations with those parties. My guess is that there's a 50:50 chance we get some news before the end of the month. Failing that I would be surprised if the majority of the assets weren't sold during April. EY will have a timetable in mind and won't want to delay it unless necessary.
TRQS - if they put something up for auction and receive two bids of £1m and £100k and everything else being equal, are you suggesting they have no obligation to accept the £1m bid?
"The administrators are obliged to obtain the highest price for the the assets" is an incorrect statement - they are NOT obliged to do this.
Keep an eye on it