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Let’s just see how it plays out.
0.75p and in auction.
This will only be a buy around 0.35p and for a trade BUT keep an eye on the spread or it won't even be possible to make anything on it.
Like Purple Bricks did at the end when they were sold for £1.
This is quite similar I suggest
Lol yes Laura but you missed out the part that read
"there can also be no certainty on the timings or level of return, if any, to shareholders"
In other terms, short of a miracle, this is all over for PIs
Agreed Shenners. Red flags were everywhere
Based on discussions to date, the Company does not expect to be in receipt of a capital injection or new financing into Safestyle.
However, the Directors are in active discussions with a shortlist of interested parties as part of the Process. These discussions focus on a sale of some or all of the Group's business and assets (a "Proposed Sale"). The Company is working with these parties towards concluding these discussions as quickly as possible
RNS out and it look to be over for PIs.
The company will be saved for staff and crediotrs etc BUT as for share holders it is clearly finished.
The red flags were everywhere with this one as stated by many of us.
Key extract from RNS;
There can be no guarantee that these negotiations will result in the completion of a Proposed Sale, and, even if a Proposed Sale does complete....
"there can also be no certainty on the timings or level of return, if any, to shareholders"
Nailed on here
Nobody yet, just a comment on earlier discussion re deposits. A company cannot use deposits to prop itself up, that’s all. Relax.
Dofmeister- Who and when has anybody inferred that Safestyle are insolvent?
They can’t take deposits if trading insolently….illegal
I have not heard any rumours in the industry if a buyer. Not one
You and me Both 😂
That’s why I’m on here, I know diddly squat😂
Stanstef, you seem to know a lot. "has a third party said don’t take deposits, that will go in your bank account, not ours".
I know your speculating but this is a rumbling I have heard. I don't think we are too long away from the next RNS. Time will tell.
404 - point is nothing to do with Safestyle internal policy or mins & maximums, eg You go and buy a car for 10k, you inform the dealer your paying 5k deposit, the dealer says unfortunately you can’t, you have to pay the full 10k the day you pick the car up. People could wonder, and this is me just speculating, has a third party said don’t take deposits, that will go in your bank account, not ours, or is it a section 75 issue someway down the road or are they simply reducing their current liabilities to appear healthier?
We all betting people place ya bets this getting to
1.20 to 1.40 range keeps dropping lower for a reason
Oh yes there was I forgot . Ha! I made a deposit back then of £200 nothing new here
How strange? I had my windows done my safe style less than 2yrs ago no deposit required then.
No bearhunter, I suppose their are a numerous reasons why the company are taking £200 max on cash orders, hope someone on this board could shed some light?
Heard anything else?
Neil your just patronising. I'm merely confirming I've heard the same thing Sanstef has said. I've heard the same thing. Grow up.
Haha 'my sources'
Who gave the 'special' kid a password and username to post with the adults regarding stockmarkets, trading & investing, buying & selling?
LSE boards are full of lunatics
My sources confirm this is true regarding deposits.
I went to reply to your reply Sanstef, but it now appears to have vanished 🤷🏻♂️
Why would admin delete it??
How is that different to previously? It looked as though they usually only take a £200 deposit (survey fee) anyway