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That reminds me must get my hair done!! What a saga That reminds me must get my hair done !! What a saga this as become GLA.
imv
This one's had more extensions than a builder, lol :)
A 5 week extension this time, I get the impression both sides are playing for time.
Equals Suspension - theories abound - anyway no need now to ponder until return - can kicked down road until July 12th as well.
is imminent? US$ is very strong against £.
The way I see it now, and how others saw this from the start (kudos to them) is that this is a 'distressed takeover'. The Board are willful participants in this debacle. Shareholders are exiting because the BOD's position appears to be weaker every time they extend. Holdings of 3-4% changing hands off market it would appear is yet another mark of this being purely in the interest of a few. So boycott the stock until the company come round to balancing all shareholders interests. Results will be rather good in my view but don't expect that to influence the trend here.
Apology accepted and I did take a look at your link - the sp certainly hasn't moved on since that article June 23rd 2015, except downwards. Arsenal58 - thanks for pointing out the Results notice - so they should be this week or next. Perhaps then we'll see how well our payments are coming in. It's poor though how they never give a reason for all this 'can kicking' down the road. Drew62 - 'independent Board' - thing is they don't get involved in the day-to-day running of the company either. They're not going to be chasing debtors - they just have related industry credentials, sit on their loathsome spotty behinds a lot and get paid for some seriously good lunch meetings we throw - lol.
I think he meant the Independent Board, not the takeover panel.
Pablo- sorry, if I sound very knowledgeable. I don't have shares in this company. I'm just interested to see how things are. iii editor notes showed that the payment should be due by June 2016. See my previous post for the link. I'm guessing that the directors want above 20p offer. I could be wrong. GL
The RNS also reiterates that they will announce results before the end of june!! . Obviously attempting to get payments paid before announcing results. Even without payment would imagine bid will be above today's buy price 20+ surely ??? GLA.
Well you sound extremely well informed. Could you give some sources for your info or is it just your thoughts? The Takeover Panel is Independent and surely won't be involved in our business affairs. Our Independent directors keep calling for the extension to the Panel. Perhaps they are alerting the Panel that our Mgmt are negotiating to get some of the old payments in before Bid is finalised, but all supposition. Can kicked down road for another 3 weeks - no explanation is all I can find.
No games. Takeover panel is hoping to get payment from the two major customers before the offer. Otherwise, investors will get peanuts.
I think someone's playing games here.
It looks like he's purchased the Stream stake.
Well if the offerers and debtors have already colluded and come to some sort of 'arrangement' then that, in my view is tantamount to theft.
jollyspeculator- the reason for delaying in making the deal could be because the offerer is trying to outwit the investors. The two major customers are deliberately withholding the payments, probably they are friends of Jamal or Bidco. The offerer is hoping they can offer low to investors now and takeover the company. When major customers pay them later, they can keep all that £14M to themselves. Just IMHO only.
as a not so humble PI, I suggest transparency in your decision making would be helpful for the market, and allow wider scrutiny of your judgement.. ..in this case, why the on-going extensions?..pretty simple matter ...pls explain..NOW ...if you are as good as we are led to believe, you wouldn't mind scrutiny?? Would you?
isn't the issue..weak fcf/who is this management team..really and truly?/due diligence of far off business/lacklustre big name bod buying/extensions to bid process..a messy mix imv
I can't understand why this Company hasn't managed to get a placing away, there's only 27m shares in issue, a placing to raise. £1m would surely give the Company access to the £3m banking facility and we would be in a much stronger position, I don't get it!
I can't understand why this Company hasn't managed to get a placing away. There's only 28m shares in issue, a placing to raise £1m would surely give the Company access to the £3m banking facility and we would be in a much stronger position, I don't get it!
I reckon that trade was completed several weeks ago.
The way with AIM shares is that whenever II or large holders or directors selling their shares, the share price goes up. It is to mug pi really. What I don't understand in this case is that there is an offer for the company. Why Stream Global is selling now?
Yes I was also wandering the same, also, why did the share price rise 20+% on the back of what was a sale? can anyone explain?