Member Info for bradis

I’m too scared to log into my sharedealing account today seeing the bid at 0.08p! Unbelievable after all the hot air from Colin and JB. I’ve almost totally written this share off now. Can’t believe I even bought more last week. Never investing in individual equities ever again!

Yes that could be right! Very well spotted!

HawaiifiveO, I thought it was pretty disgusting the way Castro, in particular, answered PI’s questions on the last call. It was as if it was beneath his place.

I think the BoD needs to give an urgent explanation as to Riverfort’s activities. They are simply not acting in the best interests of PI’s with Riverfort given free reign to trash the SP.

Unless they bought them back after they sold them. For whatever reason, they’re obviously in the game of trashing the SP...

With that 250m sell I'm surprised the TR1 says that Riverfort still has 301m shares as at today. Anyone?

.

So Riverfort have two trading days following the day they sold their shares to notify the company using a TR1 if they cross the relevant threshold. I am therefore expecting some news on this by COB tomorrow. And if another party has acquired shares and crossed the threshold again we should hear re that tomorrow.

Are Riverfront still selling?

;)

HawaiifiveO, all valid concerns, but I refer you to my earlier post on secrecy required re pre-offer discussions under the Takeover Code. I believe we could be in such a period. Time will tell. We should at least be getting a TR1 or two in the next week?

Absolutely correct alwaysup

Well at least the FTSE is up today, lol.

The more I reflect and ruminate on the situation, the more I think a takeover or other corporate restructuring is being worked on. This is because of Rule 2.1 of the Takeover Code:

"2.1 SECRECY
(a) Prior to the announcement of an offer or possible offer, all persons
privy to confidential information, and particularly price-sensitive
information, concerning the offer or possible offer must treat that
information as secret and may only pass it to another person if it is
necessary to do so and if that person is made aware of the need for
secrecy. All such persons must conduct themselves so as to minimise
the chances of any leak of information."

See also Practice Statement No 20:

". Secrecy
2.1 Absolute secrecy before an announcement of an offer or possible offer
is of vital importance. If secrecy is maintained, it should be possible for
offer preparations to be conducted in private, without an announcement
of a possible offer being required. Accordingly, all persons who are privy
to confidential information concerning an offer or possible offer must
conduct themselves so as to minimise the chances of any leak of that
information. For example, confidential information should only be passed
to another person if it is necessary to do so and if that person is made
aware of the need for secrecy."

Rather perversely, I want this to drop to 0.09-0-.10 again and see if those 20m buys return.

Still only an hour in lol.

Just goes to show how closely this share is watched...

Interested to see who’s been waiting in the wings and snapped up all those blocks of 20m shares today. Seems like this sudden offloading from Riverfort was set in motion to allow this interested party to acquire shares. Looking forward to the forthcoming TR1’s.

830m shares traded already today and it’s only 1pm. That’s nearly a third of the current shares in issue.

You’ve sold then Brockster?

That would explain things then.