Member Info for Carrot13

Reform next election will ultimately be a last roll of the dice but realistically this country is too far down the toilet and I don’t think they would be able to implement the extreme measure that would be required to truly take it back to former glory (mass deportations, kicking people out their homes, executions etc).

Just seen on their website that the Q2 Trading Update is in for 27th August.

Realistically this is going for 35p and always has been despite at times it looking more/less likely; if very lucky Sidara might chuck a few p on the deal as a sweetener but the IIs will ultimately decide and accept it with pressure from creditors, board and staff. The accounts once published will show exactly why the offer is only 35p and this is why Sidara has been happy to wait.

So to summarise:

The 35p offer made by a company who have seen the latest accounts and backed by the board who have also seen the accounts means nothing.

Once we get to see the accounts they are going to show that actually everything is and has been really going great here, and paying off the debts they have accrued from running the business (as detailed in other published accounts that we already know are accurate), is going to be really easy.

There will be no need for D4e or a placing in this case because we will just pay off the debts but if there is a placing it will surely be at 60p minimum, that will sort it no bother (price currently 18p) because the company is worth way mor but I can’t tell you how much more or why.

Another RNS, another day of icecool looking deluded. He’s still not worked out that the board, Sidara and creditors have all already seen the accounts.

It’s really unfortunate because with the EU US trade deal this afternoon I can’t think of many shares which won’t make people some money tomorrow but this is certainly one of them.

Lets just hope you don’t lose all your money 🙏🏻

Judging by your posting history the only expectations you should be adjusting accordingly are the ones about the final outcome here.

I’ll be filtering no one and replying to whoever I feel like whenever I feel like cheers

Bvcxz70 with respect, this is an open discussion forum for everyone, not a private chat for you, and anyone here is well within their rights to reply to anyone, with anything they feel like, proving they don’t break the forum rules, whether you like it or not - there is a filter button for you if there are certain people or comments which hurt your feelings.

Personally I’d suggest that the people you should be filtering are the ones who have been promoting £2 offers and £3 share price recoveries, and continue to try and promote a deluded fantasy, rather than the ones who have spoken about 35p offers and things that have actually happened. But I do understand why you would rather hear nothing but unrealistic hopeful positives when you’re massively underwater in a suspended share that is having to sell off assets not to go into administration.

If you don’t want other peoples opinions then an open public forum is the wrong place to post.

Icecool values this at £2-3 a share (current price suspended at 18p).

Icefool will lose a load of money and blame everything and everyone other than himself. He’s not wrong; the company is wrong, the share price is wrong, the market is wrong, Sidara are wrong, everyone who thinks different to him is wrong, the FCA are wrong etc.

Voluntarily selling the things you own as the only way to pay off the money you owe is the last step before being forced to sell your assets or having your assets removed to pay your debts, and there is a word for that.

The first rule of me making an offer is that when I make the offer you must accept the offer. The second rule of me making an offer is that when I make the offer I’m not actually making the offer at all. Providing all of these these conditions are met I may or may not make an offer.

Theres a few hopefuls here, a couple of thickos, but Icecool is genuinely deluded or on crack (or both).

Kando the fire sale already started a while ago and the company is already desperate but I agree they are not as quite desperate as they could be yet and this isn’t quite a closing down sale. However if you knew someone who had to sell their belongings to pay their bills you’d assume they are bad with money, in financial trouble, and desperate, which is exactly what this is. They are not quite selling their kids toys at a car boot, or having the bailiffs take away their TV but they have just sold their car to Michael Schofield.

They have now bought back 120,000,000 shares so this is surely close to the conclusion of the £100,000,000, hence buying back less. If you look at what they have purchased and for what price, they have done very well to get so many shares.

It’s great that this part of the business has been sold for x the market cap is y and the offer values it at z - but the accounts are still unknown, and whether this disposal was already factored in (and at what price) is also unknown. TLW just disposed of an asset for $120m cash, market cap is only £221m, share price didn’t react to the news as their debt is also maturing and the sale will be used to pay debt. Not positive, not negative, just necessary. They could have sold it for more, or less, who really knows if they got what it was worth, certainly not me.

More assets, no cash and debt vs less assets, cash and debt, vs less assets, no cash, less debt, are little more than what number goes in which column on the accounts. You can’t count the same thing twice, asset value of the company has now gone down, however cash will go up as a result, and then that cash will go on reducing debt. Sidara may now not need to include as much of a cash injection but maybe they will feel they are not getting as much meat on their plate either.

Not sure what I am supposed to be eating ice, in the last few weeks I’ve had 15% on Wizz air, 15% on JD and 40% on Ocado, all from low risk money making companies. Your money has been locked away here, and still is, today’s RNS offers a glimmer of hope to the hopeless that they might one day get out of here with some of their money back. What was 35p that you wasn’t happy about was looking like it could be less, today it looks like it could be back on and for all we know this was always part of the deal process. It’s like celebrating having chlamydia instead of herpes.