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I've been saying the same. Matt's post made me worried about the risks some people are taking here. It's not 100% certain here and you don't have to make all your fortune on just one stock.
treat holding a share as if you are buying in every morning. If something changes, re-evaluate if you would buy it new the day.
He posted some dodgy stuff, which I reported and it was almost immediately removed. Discussions and respectful disagreement are one thing but he crossed a line.
As you can see, some folk still go for the name calling option. Says more about them than it does me. More focus should be on the share than other posters, in any case.
Exploited or otherwise, he achieved more in the last year than most of us have in our lifetimes.
Stand down, Captain Sir.
My average was very low, I don't need cheaper shares. I need more information to make a better decision with. Without that, it is pure gambling.
Discussing things others you don't agree with is healthy. Much healthier than sticking your fingers in your ears and insulting them.
You pay your money, you take your chance.
I have answered this. What I hold is immaterial but I still hold a small amount, in a SIPP that I have decided to keep. I can't access the money for 20 years so I can wait to mine it ourselves if needs be. Being able/willing to hold these for 3-4 years is a good hedge against no deal.
Non-binding offers and no deal, no fee do not guarantee a deal. If the bidders are playing hardball with the price, EUA are well within their rights to say "Thanks, but no thanks." No deal, no fee means saying no costs EUA nothing.
Sounds stupid doesn't it shezer?
Of course, as they are under 1%, they can be sold anonymously at any point. SP hits 29p later this week, shares sold. No deal RNS Monday, shares hit 10p.
It's not an impossible scenario, is it?
CJ, that depends on wether you think Veles International are a fund or a broker, acting on behalf of someone that Alexei knows. Veles Capital have funds, Veles International do not appear to.
They may show up on the II holdings lists, they may not.
Depends how far along the FSP is. The 7m doesn't make much difference.
There are just a lot of weird things with that deal. II due diligence is never urgently done, so I find the explanation of an urgent cash call a bit weak.
TBH, none of us know and I don't think we'll ever find out what has actually happened. All we know is that somebody else has those shares and can do what they like with them.
mjs, whoever has the shares now holds under 1%. This means they do not need to notify the Takeover Panel or RNS any buys or sells.
If the BOD knew he needed money, they have 7m tucked away from the placing at 22p. They could have bought his shares or given him a loan, avoiding all this mess and confusion.
Whatever happened was the least best option for concluding it, from our point of view anyway.
It is a heck of a hedge. 0.99% of the entire company.
We do have to consider the negatives though. I get shot down and called an idiot for trying to discuss them openly. Fair enough. Without the potential negatives, we don't have a balanced board and you end up with people lumping their entire life savings on a seemingly 100% dead cert.
Mjs, no offence taken. The situation at SXX was totally different, I absolutely agree.
The only comparison is that PIs know next to nothing at the best of times. We know less than most so all we can do is speculate, the majority of which will be wrong.
Belstaff, another good point.
That comes down to who you think knows more about the deal, Alexei or Veles. We can speculate but nobody knows the answer to that. Personally I think they were sold to a client, using Veles as a broker.
pardariff, in the event of no deal his remaining shares and options are not worth a lot. It's a simple hedge, take some money now, for whatever reason, in case it goes wrong. That is the simplest answer. That is why the market is reacting the way it is today.
Sammm, reason and logic is not your strong point I see so you crack on with the insults.
At the end of the day, it is your money. Make your own choice having carefully considered all options.