MANX.L Share Price (MANX)

For any reason these shares are toast judging by the amount of selling -- and who would blame investors ? Rather than wait for another 5p and be locked out of your money till the payout happens while running the risk of Tynwald getting involved you'd be wise to take the 2.15p and invest it somewhere else.

undervalued and Goshawk could be the bit they are after

I'm out!

The hidden jewel is Goshawk. My guess is that it's hard of hearing product has done well in its beta test in IoM. Private equity vultures have got in quick before its value is widely seen.See below on this thread. Founder of Goshawk has significant shareholding (25 or 30% from memory). PE guys will push Goshawk like fury and then sell Goshawk to a major telecoms player for a huge capital profit and founder will cash in very well. That's great for him. He has spent many years on this development - so he earns his reward. But it's really galling for the smaller private shareholder - the Board is folding too quickly. All this is surmise of course - could be completely up the wrong tree.

They might need to up the offer to get enough shares for automatic purchase.