Rubbish, AIM rules says: When a person or group acquires interests in shares carrying 30% or more of the voting rights of a company, they must make a cash offer to all other shareholders at the highest price paid in the 12 months before the offer was announced (30% of the voting rights of a company is treated by the Code as the level at which effective control is obtained). When interests in shares carrying 10% or more of the voting rights of a class have been acquired by an offeror (i.e. a bidder) in the offer period and the previous 12 months, the offer must include a cash alternative for all shareholders of that class at the highest price paid by the offeror in that period. Further, if an offeror acquires for cash any interest in shares during the offer period, a cash alternative must be made available at that price at least. If the offeror acquires an interest in shares in an offeree company (i.e. a target) at a price higher than the value of the offer, the offer must be increased accordingly. The offeree company must appoint a competent independent adviser whose advice on the financial terms of the offer must be made known to all the shareholders, together with the opinion of the board.
ABLE - Totally agree. I stated the same thing back in Oct 2018. Said back then sp will go to 60p range. Check my previous posts. All I got in response was a load of negative replies saying I was shorting or deramping. Some people really dont like to hear the truth/facts. I had warned people back in Oct'18.
A company that has a market cap of £130m (was over £250m) and hasn't made a penny in net profit, doesnt justify a share price of 125p or anywhere near it. Sorry to say but like others, this is going to 50-65p. Also look at haydale graphene just announced today a placing at 5p current share price 23p.
Keeping my fingers crossed for an uplift very soon. Not much on twitter so suggest people tweet using relevant # tags to gain new investors. I noticed we are at an end of a long sideways wedge so hoping we break out of this any day now. Have tweeted graph if you want to see... search #omi #orosur
I'm very disappointed with lack of BOD actions in regards to the falling share price since share placing. I believe we are filling a gap up from 21-22 Dec 2016 and therefore need to drop to 3.38p before a bounce I hope.
Think shareholders need to be more vocal on twitter regarding the BOD sorting this out, i.e. why arent they buying in at this price? Think this is great buying opportunity at all time lows.
RE: So, thoughts on why we are dropping16 Nov 2018 13:19
Sell and leaseback of the hanger was only way to realise decent amount of cash quickly in order to help its balance sheet. With KPMG on board, to me, looks like they will reconfigure their assets and separate the engineering side from Flybe Group. Making the company's financials look better, and then will let a takeover happen and possibly go into administration. Lots of turbulence on its way. Buckle up!