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So I can buy these today and then in a few months or so they will be worth $ 0.165 ? Why aren’t people hoovering these up right now. Seems an easy win to me or am I being stupid?
Where did you get $0.165 from? If the Offer goes ahead, the shares will be bought at 6.7p each.
The $0.165 I took from the RNS of 14th Jan, within the Merger section. However the lawsuit may have altered that.
"The consideration per share to shareholders of SimiGon ("Merger Consideration") is expected to be $0.165 per share (before any upward adjustment in the relative valuation of SimiGon), that represents a premium of 226.86% to the average closing price on the AIM Market for the last 12 months,"
That equates to 12p
I have the same question or is there a catch?
Read the RNS's. Look at the news on the SIM company website. Research the other companies mentioned in the merger. I was looking for the accounts for Power Breezer, that would be interesting... Let me know the catch newguy. I took it that there was a few hours on this Friday to take a position and hope that you end up following a journey onto Nasdaq for a newCo.
Thank you - will do.
Twenty Four, the catch seems to be that there are no way to sell shares if there is no IPO. I have no idea why a Power Breezer/Simigon merger makes any sense.
share4 READ the RNS's this could go way bigger .
SimiGon's management has been working on expanding the Company's offering to domains that are beyond its existing markets. Initial discussions with Breezer Holdings LLC ("Breezer") led to identifying multiple synergies between SimiGon's technology and the needs, the Company believes exists, in the Simulation Based Design of fulfilment and distribution centres. As Breezer already has a foothold in this domain, SimiGon and Breezer started discussions about a potential transaction and have been structuring the transaction and negotiating its terms for several months.
Maxify is a newly-formed Delaware corporation that, prior to the effective time of the Merger, shall acquire all the assets and activities of Breezer. Breezer is a provider of intelligent atomized water-cooling systems in the United States. Breezer's products cool where almost no other solution cost effectively can. Breezer's autonomous and green cooling solutions can help customers reduce the costs associated with keeping their employees cool during the heat of summer; accelerate throughput; increase quality; reduce employee turnover; reduce safety incidents; and comply with Occupational Health and Safety Administration workplace safety standards.
SimiGon's integration with Maxify is expected to enhance Breezer's capabilities in the e-commerce logistics space. Following the Merger, Maxify will combine the strengths of both Power Breezer and SimiGon's advanced technology to address the gaps of modern fulfilment centres in their integration of cutting-edge solutions from multiple automation suppliers. A True-to-life simulation is imperative for any mission critical design to come to life on time and on budget. However, with each equipment vendor owning its own proprietary simulation software, a best of breed equipment mix-and-match as well as true-to-life simulation have been beyond reach. SimiGon's product, SIMbox, being a true-to-life simulation design platform utilizing artificial intelligence, high fidelity physics, and augmented reality is uniquely positioned to close this gap. The Power Breezer Sky ("Sky") can benefit from complex software integration of the licensed AI, with the Sky's sensors and the creation of a customer graphical user interface. The Sky's sensor can provide customers with real-time and actionable data assisting its customers with managing their shipping dock related assets.
I read the RNS, Simulation based design of fulfilment and distribution centres , what's that then?
There is the danger of the company not getting onto Nasdaq, but as posted below hopefully NewCo will make inroads into different areas. Also nearly 60% of SIM shares are held in house, so one of those parties may be interested in some shares, even if delisted off AIM.