Ii hold 50-60% of the shares. Actually in theory they have another 5-6% in shorts ..which technically they own as they have to buy back.
The shorts are gambling on a deal not being reached
That is a possibility..although sidara have tried 9 times already..and more importantly the SP is distressed through a combination of issues.
The company will either have to accept the deal or prove finance..hence why they would seem to be accelerating this via ft article.. either way the SP will recover some of not all of its recent loses through fear .
Personally I think the odds are stacked in the SP being higher..potentially considerably higher by the end of the month
RE: Stronger 2nd part of this year3 Mar 2025 22:30
Atan I know you can't read as you green striped Kate Calder but you are correct in your assumption that is them and they are as usual trying to get in an argument - even with someone not responding
RE: Refinancing Talks Happeneing in Parallel!3 Mar 2025 19:50
My thinking is still the same..although I would love the 110p or 175p tweeted
My logic still says a 90p offer which forces the company's hand..they won't want to take it ...but will need finance to be sorted in order to reject it.
I suspect they have been sounding out finance options since valentines day massacre..but the move by sidara has expedited things ..hence approaching rothschild
RE: Refinancing Talks Happeneing in Parallel!3 Mar 2025 18:19
As I have said a number of times..they will only be in a position to reject bid if they have finance sorted out.
They clearly don't want to sell to sidara
But the current so could force their hand if they don't have the security of finance
It will be win win win for shareholders
The first drop was due to review ( we now know no biggie) the second was due to CEO being churlish and not addressing possible equity raise ( whether true or not)