Member Info for Aidan31

We've said before that private investors don't usually get a chance to get in at this stage - this is a start up so could fail completely, but it could also be the next Tesla/Apple/Insert other company here! I'm hopeful that the offer will actually happen, and I think it is just possible that the price might exceed the offer price as PI's take the last chance to buy in. News one way or the other will hopefully be forthcoming this week.

The issue (I suspect) in many peoples mind is that the offer is to end up with a given percentage - currently it's possible to buy shares BELOW the tender price, so maybe they are loading up at bargain prices - meaning that any holders when the offer is made will find there is no offer in place, and holders are then "stuck" in an unlisted share. Which may not be what everyone wants.

SteamyWee - that update was the first of the two RNS's . I'm keeping my fingers crossed that the second one (which didn't have the November timescale) was additional to, rather than instead of, the first one - whilst I still believe in the company, I'd rather liquidate my assets and move on now.

For those asking questions - they are all answered in the last RNS - but to save you reading the two bits that matter are:

(1) Tintra Shareholders should note there is no certainty at this stage that any tender offer will be made. Accordingly, shareholders are advised to take no action at this time.

(2) As is customary under Rule 2.8 ... within the next six months following the date of this announcement

When the RNS came out I said I suspected that the market would not respond too well - seems I was right - the issues are (I think) that (a) we don't know when the offer will come and (b) there is no guarantee that if you want to take up the offer you will be able to do it with your entire holding. So people run the risk of being locked into an untradeable share. That said, once the offer is actually made, I half wonder if the price MAY go above the offer price as people who DO want to be part of the company take the only chance they will have at low level to buy in.

ProfitJock - I like your optimism and prefer your method of reading the RNS to mine - for me, I'm worried that I might get locked into an investment I cannot trade - as you say, it would be in a company that looks like it could be very big, but that worry I think will hang over the heads of many investors. I hope you are right and I am wrong! As I said in my second post, once this goes through those who have the vision won't be able to buy - so your chance is now time limited if you are of that mind.

That said IF you believe in the future of the company, your chance to buy in is now time limited - as long as you are prepared to hold shares you cannot trade it could be a VERY good deal for you.

But with the potential prospect of NOT being able to sell them all at £1.50 if oversubscribed. Not sure this will help the share price any!

With the £1.50 offer hanging over us, the share price is always going to struggle - I could do with the deal happening sooner rather than later so I can crystallise my assets and move on. I'd wanted to remain, but I will happily now sell at that price. Just get it done. Don't quite understand why the RNS seems to be moaning about a traded company - the board chose to use this company to deliver what they want to deliver - they could have chosen any other company imho.

More likely a nominee account - same as II etc

The most recent we have is the tweet from the other day - progressing, but slower than they would like - we have no reason to assume it won't be going ahead, but equally no indication of the contrary

It's the same as all the other form 8.3 RNS that have been out - but in simple terms, it's a prescribed form (so Tintra have nothing to do with the wording of it) and is a required part of the process of a takeover. It's part of getting all the ducks lined up in a row.

Radia - it's not hard to find! Google tintra tweet and you'll get there! But to help "intra PLC

@tintraplc

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9h

Much progress has been made the past week in discussion with the bid being made for the company. All is going well. Little slower than expected but the signs are positive and the working relationship is good."

I would assume there are share movements going on in the background designed to enable the transaction to go through smoothly. I'd also assume there are still some willing to sell at a loss rather than wait for the £1.50 - presumably worried that the final offer may be lower? I'd still expect it to be at that level due to the small free float - but whilst shares CAN be bought on the open market at this level, I'd expect that to happen in the background. I too would like this to be done and dusted - I wanted more for my shares, but will take the £1.50 when offered - they are in my ISA so cannot be held as delisted shares.

Pedrobull - they are offering to buy all shares at £1.50. Whilst they can get some on the open market at a lower price, I would suggest that is what they are doing! Based on the main shareholders holding, I would suggest this is a done deal - at which point IF you don't mind waiting, getting in now is a guaranteed win imho.

Or maybe they are buying up more shares in the open market below the £1.50 mark - thus getting the deal done at a lower cost ultimately.

see rns 7th september - "lrb's proposal is in respect of a possible offer at a price of 150 pence per tintra ordinary share of 1 pence each ("ordinary shares") in cash, with a ************** alternative (the "proposal")" - which is (a) the terms of the possible offer and (b) i'd suggest the reason we are still suspended. as that rns also mentioned 6th october i think we will find out more during the course of this week!

SteJSteJ - I'd suggest it's actually spot on - accounts delivered by end of September, then the RNS drafted and published today - seems reasonable to me that it wouldn't be same day for the accounts and RNS - but I'd also suggest that the RNS's we are getting are all gearing up to the offer one - and I'd personally be surprised to see trading resume - though if it DID I would not expect the price to go up (or at least not much) as some will want to bail rather than waiting for the offer. I'd also suggest that (in my opinion) the timescales for the offer may be shorter than some think due to the distribution of share ownership.

For me, the quantity of share holding RNS plus the lack of audited accounts (thus keeping us suspended) show the deal is on track - we shall know more this week as the deadline is up. Of course I'd prefer the deal to not go through and the shares to remain listed - but reading the comments on here about the company plus the fact that the share price has been traded down so far must be part of the factor in the company doing the deal - that then removes the noise which might affect investment and allow them to function as a true start up. Luckily for me, I had enough faith in the company that I've averaged down to be below the offer price, so will have a reasonable return - I wanted a good return which I think is not to be.

Occam - the RNS I referred to was the recent deal, not the buy out. But I stand by the view that the company know what they are doing. Would be nice to get it all cleared though!