Member Info for BillNN

Clarity on how the GTE shares can be traded would be useful - OK NYSE liquidity is there and spread normal, but on UK AIM market I have no idea?

It looks like the offer is around 78% in cash and 22% in GTE shares - I do not want the GTE shares and would want to offload them asap if the deal goes through ......... reading the Accounts and Reports and listening to what i3E has said this year to date including the BoD statements regarding GTE, I would be nervous about supporting this company going forward.

But if the deal goes through and the shares you get are worth say US$7 you get + 10% more than the current i3E SP - for most people the 10% extra is worth waiting for and probably worth the risk - even if the deal won't finalise until the 4th quarter.

It the deal fails, presumably by December, 2 x 0.25 pence dividends will (hopefully) have been paid and (probably) the i3E SP will hold up as i3E has attracted one bidder and has been put "in play" by this bid.

The question for me is why have i3E agree to this almost merger, (both i3E and GTE has similar market caps), and do we know all the facts about i3E's current position and their future estimates - do i3E need to do this or a deal? and the same for GTE?

Down 9% in the past 5 days

touched $7.67 today

Depends on the GTE SP in the next few weeks - it's fallen 15% in the last month and is now down to below US$8 - ($7.80) - the GTE market cap is now not much higher than that of i3E ........... we do not know all the fact but maybe both companies need "a deal"

Many smaller UK private shareholders will be in a position of holding small quantities of a US traded stock, (GTE), which they may not want and if sold may impact negatively on the selling price.

Deal or no deal. it's not a straightforward situation for UK smaller shareholders

Many thanks - need to brush up on my maths or something

So does that value the offer at under 11 pence - (10.43 + 0.2565 + 1/207th of US$8)

Presumably the "sellers" at current price levels think the deal will fail and that the share price will fall, (and maybe or not buy back in) - if the BoD support the deal and are confident, presumably they have done their "homework" and expect the deal to go through.

So it's cash in Sterling and shares in GTE in $'s with a variable value, depending on the market price after the deal goes through.

Just looked - the GTE spread is 100p

buy 700 - sell 600

what's the value of the GTE shares in the offer calculation

What's the selling price of GTE shares if they were sold today?

Thanks Tony

My shares are held by A J Bell - will they notify me and will I be able to inform them of my wishes?

Thanks

That interview should give current shareholder some confidence