Member Info for buyout18p

SB

Yes, Ok no choice but to take the 3p if the company winds up in March 2022 ergo take 9.6p in all or see where this cash shell play goes looking forward, I presume we would have shares in the new entity of MMX2? ....................you are a star.H

SB thanks for that, very helpful....yes I would say my reasons for hanging on are pretty much identical to yours by dint of the size of the holding, I can also see how you got to 8.4p, good call..... by way of clarification if we accept the tender offer of 6.6p do the rights of our shareholding continue to exist in that we will get the March 2022 payout and then continue to enjoy any value enhancement a RTO gives? H

Morning SB and all.......I am please this RNS is good news for many, for me 9.6p would mean MMX wipes its face, more relief than joy really, but it brings this farce to a sort of conclusion.

Question is what is the best route to achieving 9.6 p? given that I would like to share in the benefit in any cash shell gains; every 1p increase in sp is worth £ 27,000 to me

H

SB Yup H

yup SB.....a very sorry arsed affair.....although I suspect the Inst Shareholders told the BOD to sell asap, so not really quite a fire sale but a sell under some considerable duress..........so we all lose............just want this done and dusted, H

Kitkateat yup this has always been the case, I think when the new CEO came in the Institutional shareholder told the BOD to sell and get this sorry arsed affair over and done, this could explain the sorry arsed price being paid. GD probably realized this and offered the lowest price they thought they could get away with, my take on the value was about S 150M Huck

Huck

yes SS may have made a smart move, we are definitely missing out elsewhere, I bought quite a few Royal Dutch Shell shares a while back thinking that as the use of oil and the price of oil rises so would the sp, but not a great deal of movement yet due to the strength of the US economy, investing is not always so easy. I am hoping to b/e with MMX which clearly represents a massive missed opportunity even within our own sector, who has done worse than MMX? H

Hi Silv hope you are well.........I must say I am hoping this deal does go through this month, unfortunately no cause is totally lost until it is endorsed by MMX! as we know from experience so things may not be going to plan, thanks for you post of 9.29 today, I agree given we have a deal. I will be hanging on to the end waiting to see if there is ever going to be an upside to MMX, I would be gutted to go through this sorry saga only to miss out right at the end. Question for you as I really don't look at this board very often now.....SJL was quite excited about MMx as a cash shell and the options that might be thrown up by that, has he posted at all, I have not seen anything from him myself, I wonder if he is moving and shaking the collected mass of the BOD (sounds like an impossibility to me) into actually doing something positive because if he isn't surely he could post? any ideas.....Harry Huckster

As July gets nearer so hopefully the good news, Turcan can clearly see some positives ahead, I am hopeful this shower do not turn out to be a total washout, no pun intended. I was lockout as Huckster a while back for a touch of naughtiness, a badge of honour in my book. What isis me off is that most of our contemporaries in this space have really done pretty well if only by way of consolidation, our directors had it all there for the taking but they took a series of dodgy decisions, Hall flattered to deceive so the market wrote them off as losers for which we shareholder have paid, as you said Silv, no champagne moment! could have been so different all the best ......Huckster

what possible options do we have, we simply have to wait and see how much the shares pay out, I would doubt there is a guaranteed pay out of 8.8p ,should be itro I know but MMX has never failed to disappoint. Think the price paid for the business is disappointing, pinning my hopes that there is a high tech company wanting to get on the AIM and they see us as a vehicle, might be 2p in it for us, who knows?

Ezza has taken the RNS at face value, easy to do i know....most annual reports have a degree of positive spin, flattering to deceive so to speak, sad to say I think the company would have slowly sank with diminishing revenues which would affect a later sale price, this has all been a bit of a disaster really, I am glad most will get out relatively clean, I will take a bit of a hit at 9.8p unless MMX 2 have a bit of upside, lets get this deal done Huckster

Silver, hope you are well.
I am quietly hoping SJL will have a plan post deal and the board will recognize his clear expertise in this market sector, there could be a massive upside for SJL with an RTO, worth piggy backing that possibility imo Huckster

I topped up with a few yesterday. I am hoping MMX shares will have a value of say 2p post deal, based on MMX generating cash through the great release and general trading until July 2021 and pulling off an RTO later in the year so that on top of the 8.8p there might be a couple of pence in our retained shares, that would work for me. My only worry is that we get an initial payout of circa 6.5p and then the board say 'tell you what, we've done so well I think we should have a hurtling great bonus', and the rest doesn't materialize! What are your thoughts SB?

As you say Silv there is to be no champagne moment for us, it looks like 8.5 ish pence per share plus whatever can be done with our shares in a business entity with residual cash but no real operational status, may be worth another p or 2 but at this stage we don't know. Note well the buying at the moment? why is this happening and why is SJL going to run with it. Quite frankly I have had nightmares the whole pack of cards was going to collapse for a couple of years now, so for us 2 -3 million holders at around 10p it's not quite a disaster but we ain't getting any cigars either, just pleased its going to be over, been a mare...I will just note that pretty much everything the 'Baggies supporter' has said has panned out almost exactly so I will follow his advice, thanks SJL, Baggies for the cup! ..........................Huckster

Hi SB hope you are well..............I'm still hanging on here, complete radio silence in these perilous times (at least sp wise or maybe much worse) is both callous and inexcusable, the results may usher in a new era for us, either the further diminishing of our business or hopefully at least steady trading that could start to build a future for MMX, atm its hard to see one. anyway alb to all Huckster

Long suffering doesn't cover it, What are the options ? a buy-out? SJL buy in? some realistic recognition of the companies worth? don't know but I will take it...Huckster

How good is this?.....but what has caused it?

We have waited so long to have a fresh start for MMX, with all (as far as we know) the various issues sorted out so we can start again with a well run straightforward business that is on solid ground , this should mean the only way is up. The outstanding issue is confidence in MMX which will take some time to materialize probably a couple of years or so. For the first time in years I believe that what the management says stands a pretty good chance of being true .....................Hallelujah. Confidence would be boosted if we saw SJL rejoin the fold with a large trance of shares. Huckster

Yes Kaboom....I am not overly impressed, after all the 'shag and hassle' over fake sales figures affair and disappearing directors surely they had an inkling the shareholders may be a touch concerned, bit of reassurance wouldn't have gone amiss, fairly predictable one would imagine.

Scary or what, do you think the II's know about this?
surely no-one is that stupid, you could do better by accident
Where does this leave us in the credibility stakes?