Member Info for buyout18p

All
yes, I spoke to HL they say we will get the money on the '11th of October or thereabouts' .....not massively specific so I will have to wait. Yrs seen the price drift, nothing really to be done just hope this shambles of a company gets something right.
Good luck to all.
Harry Huckster

RNS out at 7am saying tender offer complete! well not really, wheres the money, it's not complete until the shareholders have been paid srely Huckster

Aw....its all just investor talk, will take a look at Christopher Mills, thank you H

Yup, hoping for Friday latest, want to invest in BP $ 0.25, think that might fly a bit, £ 5.00 pre pandemic, £ 3.00 beginning September now £ £ 3.48 and counting h

So the good ship MMX sails once again, unlike most of my investments to a totally unknown destination, lets hope the captain knows where he is going, that would be be a first for MMX ..................Cynical H

Hi SB.......Well yes Mrs Hucks is a happy Huck, she bought in with SJL at 6p. all our HL accounts have been updated with a 69% buy back by MMX.........i think we will all be in that very particular same boat, MMX clearly want cash for something, a look up their sleeve would be interesting. I am looking for places to invest that might be more fruitful than here, in theory at least that should not be too hard....IAG , Burberry, possibbly CNIC, IHG maybe, they all have a history of Divi's also having a look at IGG .........................best Huckster

My misses tried to sell all her holding at the 9.6p and only sold 69%, that looks like it Huckster

Sb, do you think cnic is a candidate for consolidation?, the target price on them has just risen from 180.00 to 200.00 do you think anything like that is doable, don't want to chase the market H

Yes SB, that makes sense, Turcan will have a plan, it must be one or the other. at the last minute I changed my instruction to a 69% take up of the tender offer, God knows why, suppose I was thinking if there is no rto I should still get close to 9.6p it just means waiting, if there is an rto i still have a holding of over 1M which may result in a little upside, worth a punt. Many congrats on your 15% the risk you took to get your buy price down paid off well done. as you say money in the bank Huckster

Mr Turcan has bought just prior to to TO deadline at noon today, this is undoubtedly significant, but hard to know to what end Huckster

Hmmmm....interesting indeed! SJL won't be buying again he has a handful of shares already, If there were absolutely no chance of an MMX2 we could possibly have heard from SJL, his comments would very likely have been less than complimentary.
So the consideration is whether Turcan is trying to make a quick buck by buying at 8.8p and taking up the TO at 9.6p OR he knows something we don't, that's the question for which i have no answer. Huckster

SB..............hmmm............. we will have to see what happens, i imagine all the II's will try to sell all shares in the TO,, but I can see Hony having a face like a bulldog chewing a wasp with a buying price of 13p! they could pass, hoping for a successful cash shell play, my advice would be to sell and buy RDSA as soon as possible, I have had them for a few months and am seeing a spot of upside. Best to all Huckster

I have just taken up the tender offer. My view is somewhat tainted by the past 7-8 difficult years with this stock and the lack of any dividend payment and no small amount of incompetence by successive CEO's. I think the tender offer is quite likely to be oversubscribed thus it is likely we will be able to sell a maximum of 69% of our shares as the company has undertaken that percentage @9.6p.................so personally I feel many of us will be left with 31% of our holding post tender offer. Beyond the tender offer things are tricky........my view is that the market will be happy to see the price drift a little but if the cash shell play does not happen the company will payout as per the NAV which should be close to 9.6p say around 9p, if the company can pull off an RTO with a successful little hi tech company and that is a big if, you may see shares rising by 2-4p probably as a peak, peaks are notoriously hard to hit!
Me? I will try to sell all @ 9.6p (unlikely to work in reality) and put a chunk into RR, AIG and RDSA Good luck to all.............. Harry Huckster

Thanks for that SB, what an absolute star you are. I am happy MMX will wipe its face, maybe even show a bit of upside, her indoors was advised by me to buy a tranch of MMX at 6p ( hard to believe I would ever say that!) she is absolutely delighted with this outcome . SJL will be able to extend his fleet somewhat i imagine. Huckster

Cheers SB, I am an HL man, so I presume I ask them to send the form of acceptance, this corporate action tender offer could be fully subscribed at circa 66% of the investors holdings by the look of it, this then could almost compel many of us to be investors until March 2022 or beyond that being caught up in the cash shell RTO play, n'est pas Huckster

Probably a simple answer to this....where are we to find a form of acceptance, nothing on the RNS as far as I can see

Hi SB hope all is well up in Scotland.
Yes we wait, nothing unusual there. I am hopeful SJL has been permitted to share his wisdom with the board in connection with the activities of a cash shell, hence no contact, fingers crossed Harry huckster

Any news at all?

Well that would make sense, if we go for the tender offer we get an initial payment of 6.6p on every share we have and we retain approx one third of our shareholding. The nominal value of our remaining holding is 9.6p but the market will dictate that price depending on the efficacy of MMX 's use of that money (some crazy doomed project or an RTO ?) , in the event of MMX winding up the company in March 2022 we get a further and final payment of 3p per share of our original shareholding reflecting MMX NAV Not familiar with this process but it does seem to make sense H

bit confused here, I was imagining that the tender offer would have special clauses protecting our right to receive 9.6p
but if as you say M007 if we accept the tender offer offer of 6.6p and there is no further upside because we would have sold our shares to the company how would we qualify for the additional 3p if MMX winds up next March 2022, or for that matter benefit from an RTO/ H