Member Info for Digby04

Always comforting to see the (BP) Oga on this board. Hope you are well. I am back in Cameroon next week for a few days. I'll see if I can sort out VOG's licence for them! I'll be expecting some more of your epic Sunday educational posts to help pass the time!

...certainly sounds better than HERTiXR ! Research...? I leave all that stuff to you! ;-) I'm in for the long-haul here (ditto HER). Cheers!

Happy to count myself amongst the ranks of TXR-ers. Hope I owe you for this one as well, Corbs!

Suggest you make contact with the guy who has formed Regal Action Group - eastmtwest@yahoo.com - to add your voice to the many shareholders who are fed up with being messed around by RPT's BOD. I have signed up with him, but owing to my small shareholding, I am not intending to cough up the £250 contribution he is seeking from each RAG member. However, in your case, as you are nursing a big loss with RPT (currently £9.6k), you might consider that it is worth supporting RAG financially. Worth making contact with him, whichever way you decide to play it.

Copied from iii RPT site: Regal Action Group. Dear Shareholders, Here is the latest update re current Regal related issues. 1) RAG currently seeking active financial contributions £250.00 (written consent) from RAG members, we have written to all current active members, the response so far has been positive however due to the Holidays many RAG members are yet to reply. 2) If you look into Regal past you will see there has always been a threat or a actual legal issue relating to it’s Ukraine assets (See Alberry deal) the RAG is sure that with the license issues can be resolved in Regals favour we just need the right people with experience and the contacts on the Regal Board of Directors. 3) The Board informed us that there were several interested parties but to date we only have one firm (unacceptable offer 0.24p) on the table, what happened to all the other offers? Why none of these offers put forward forward to shareholders? What is the Board hiding? 4) RAG is still seeking communications with other large institutional shareholders who would also support a solution being found for the license issues in place of a fire sale currently being sought by the current Board of Directors, discussions are on going but there is a general willingness to support the RAG and its ideas to refuse a unfair sale and supportive of a possible Board changes to help get the License issues favourably resolved. 5) The RAG urges ALL shareholders to refuse the 0.24p and if you have not joined the RAG should do so as soon as possible, just email the account name the nominee account held and the number of shares held to eastmtwest@yahoo.com The RAG Suspects that Heamoor will not make any formal offer and is possibly seeking to do a deal with Smart if a deal can be reached with Regals shareholders then Heamoor and Smart will share the Regal assets amongst themselves and will be laughing in the faces of the past shareholders while doing so, no deal! The RAG is solely a vehicle which will be used to refuse any unfair sale of Regal and its assets and will try to seek through shareholdings and use the legal system to find a more effective method to return value to shareholders. Do not accept the offer which is currently being offered, it is an opportunistic and unfair offer!!!!! NO DEAL!

Nope. I told 'em where to get off. Hang in there!

Thanks for your prompt reply and for the link to harry p's analysis. Looks good - and worth a punt. Thanks again for all your efforts on behalf of HER PIs. Cheers!

Hi Corbine, I am one of your legion of admirers on the HER BB. (I owe you!) Much going on with TXR? The fact that you are in here is encouraging - but I suppose I shouldn't base all my investment decisions on your whereabouts on LSE(!) Interested in your view on direction / speed of travel for this one. Many thanks.

My reading of the situation is that Heamoor are prepared to up the ante, but they have yet to declare their bid price. The ball is still in play.

I don't buy into pasty's sentiment (Today 12.06). The 24p offer is the first that has been put on the table. At this price it is a steal, so I don't believe it will be withdrawn in a hurry. This whole thing stinks anyway and most PIs know that. Licence mysteriously withheld, so that the SP tanks, and then we have following bizarre situation (as described by FT.com): "The tentative offer is being made by an unnamed Ukrainian company. Several other companies have also registered an unofficial interest, according to someone familiar with the discussions." "Unnamed Ukrainian company"...? What nonsense is that?! This whole thing is a stitch up and PIs/ IIs should have the wit and the stamina to tell RPT's BoD where to get off. It is not over yet. This is just the start of a bidding process. Don't lose heart and grasp at the first offer that comes along. GLA

Not sure I can see the SP tanking - more likely it remains in the 22-24p range until bidder's offer goes through. However, I still think it is worth PIs holding on the off-chance that there is another bidder out there. For one of the big boys, they could put in a rival offer and still get one hell of a deal, knowing that they have the muscle to resolve the licence nonsense in no time. And then they would be quids in. But there again, WTFDIK...

I am trying to get my head around what might be going on here. Need some help! Playing devil's advocate for a moment, might it be the case that some of the recent large buys are in support of the 24p bidder (ie. bidder is trying to maximise his stake in company by stealth in run-up to formal bid)? Or is it generally thought that this has to be indicative of another bidder out there, prepared to offer more than 24p?