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getting brighter
Before even considering all those possible scenarios previously mentioned ,we have to be sure we don't fall at the first hurdle, at the court hearing to return cash .....
artlover .....POSSIBLE if not probable SFO fine if past fraud found, what would that be 50 million ? Presumably then Litigation costs increase as more people join the race for the cash what would that amount to let us say what 40 million? restructuring and cash burn costs of the rump remaining which at present I'm assuming are running at a loss, say you need 20 million What if the SGH cash from hearing claims doesn't turn out to be as much as thought ... what if the cash in the escrow is disputed? those costs will soon eat into that POSSIBLE reduced cash pile, basic maths with a dose of reality included. for legal reasons I will not sell until the board have had a chance to revive fortunes here.
large trade after hours looks a sale to me ......?
I think we may see a gradual grind-down to 90 p . Just my opinion
95 p touched today as I feared it might. the markets seem not too impressed with the two staged capital return promise. miserable day.
There's a first time for everything .
.There is no guarantee of those payments being approved by the court. BELOW IS QUOTE FROM RNS "The Board's intention is to make the second stage payment to shareholders of a further 10 pence per share in cash following the anticipated release at the end of 2016 of the £50m " NOTE THE WORD INTENTION
I am heavily invested here ...... There is no guaranteed payout There is a proposal to be approved at court for 90p per share then an intention for a further 10p per share, not 11p...there is no guarantee of those payments being approved.
It was a perfectly reasonable question and an honest appraisal of my own interest The most disruptive posts in my opinion are those that still offer only, a partial rose tinted view, as per the case as the share was being decimated in the not to distant past, perhaps if those dissenting voices were allowed to be heard then, I may have of held a different proposition to the one I hold now.
One has a duty to mitigate any losses as a shareholder, if one is considering litigation, so to sell now before the current board have finalised their plans could be detrimental to any action I may or may not start So outright selling is not an option for me personally ,it may be an option for others .
That is the dilemma. . Any sane opinion appreciated
Seems like a relentless fall every day here, .......where will it stop 90p ?
I fear you are quite right .
I fear tomorrow will see more falls ,,,,,,
Its a little harder to be wise before the fact . but not if you can read the RNS. intention is more purposeful Desire is more wishful , But fact is more truthful.
well that's my opinion could all turn out better but I am of the opinion the present management were only brought in short term to asset sale .....time will reveal all .
Any trader types have an opinion on hedging the share price to offset the drop that would likely occur should a delay, reduction or cancellation takes place in the capital distribution. I feel if one was to sell before the board have finished their restructuring that it could then be argued in any legal action I pursue that I had not mitigated my losses by selling early , while the work of the board in process. Sensible opinion sought
As we approach November and no announcement of the shareholder vote on capital return.I am getting less certain that the capital return will take place in the timescale previously announced. I would wish to hear from Quindell by next week or I fear drakes short will pay off and my losses will increase. Here's wishing.
share price may see 95 p tomorrow