Member Info for Coldspy

BOOOMMM. 100% riser today

RNS : NFX.. today announces it has signed an agreement for cannabinoid therapeutics development, licensing and commercialisation containing up to £51 million of upfront, R&D and milestone payments, plus long-term royalties of 20% of net sales (the "Agreement")

Wait and see at 9am

AST profits will pile in

MASSIVE RNS

"The company's lenders have confirmed to the company that the proposal, on the terms set out, was not sufficient to justify an extension to the April 8 deadline.

"The company anticipates making a further announcement during the course of the day following further discussions with its lenders."

Could MA amend the terms further

How likely is a court to grant the pre-pack under these circumstances?

'Sports Direct has informed the board of Debenhams that Sports Direct is available to discuss this at any time. Sports Direct also called upon the board of Debenhams to engage with Sports Direct to find a solvent solution for Debenhams which is in the best interests of all of Debenhams stakeholders'

DEB could choose to ignore this and tell the Court that the company has no options available to it and so must pre-pack?

https://www.thetimes.co.uk/article/debenhams-on-the-brink-as-rescue-fails-7hgvnc5t7

'...This means that barring any deadline extensions for talks or an eleventh-hour takeover offer..'

Pokerchips / Pearls

Would appreciate your thoughts on my earlier question, looking at the dates in play as far as we can tell, is EGM likely to come around prior to takeover deadline? And as such open the door for MA to oust them?

Is that why they are desperate that he cancels EGM notice before any negotiations

Spot on Pearls

Debenhams consider themselves the 'Offeree' as per the Takeover Code and as such have notified their current positions.

Once it sinks in tomorrow that trading will continue for 2 more weeks expect some fireworks.

Wish I'd bought more on the dip now

Rents are paid

That's their biggest cost

Would be difficult to claim they don't have enough cash to meet the rest of their obligations at the moment imo

In accordance with Rule 2.6(a) of the Code, Sports Direct will have until 5.00pm on 22 April 2019 to announce either a firm intention to make an offer for the Company or that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code.

Debenhams also acknowledges that a new request to convene a shareholder meeting was received from Sports Direct on 21 March.

DEB RNS of 26th March

He hasn't cancelled EGM, could he vote out the BOD before the deadline for formal bid??

Let's see if Milestone have been adding to their holding to get votes on side..

No RNS

Even MMs pricing spread as low risk, interesting

You'd expect 10-15% but no, 2.8% spread

Added at 1.6p

In till the end.

GLA

False drop of the advertised bid. Offering over mid
MM's fishing

BACKGROUND buyer

Nope Metamorphosis, I've got plenty already. Won't be adding until picture is clearer. I'll add if we get RNS extension

Would prefer straight bid at 5p though. Quicker and easier for me

@ Poker, of course. Sometimes it's MM's who pay, sometimes other buyers, retail or other.

Who's buying so many at the moment (last hour) is my question out there, thoughts?

Could see a change in holdings soon

Any thoughts on where all these shares are going? Millions of shares sold, barely any buys, SP holding.

Can sell all mine above bid too. Why would anyone be collecting?

MM's aren't risk takers to be left holding them..

Auson 2 x £19,000 and 1 2 £18,000 trades today, all buys, not up for question looking at price and time.

How is that misleading.

Which idiot would think that £55,000 of buys would close all the shorts in DEB, is that what I said? Of course there are short positions open here

Keen buyer at 2p today

Must be looking to lose the lot..plonker ;)

GLA

All the chunky trades today are buys.

Likely shorts closing.

GLA