Member Info for fairdealer20

Fund managers are keeping their powder dry. Would be surprised if they are not beavering away for an improved offer either from GTE or other suitors who "competed" some weeks ago.

The lack of information regarding the sale process will have irritated Fund Managers as much as posters here.

Bert... never fear, hold the faith. Plenty of time for further offers.

Shishir maybe be good when it comes to graphite science, however anyone who beleives he is a good manager of a PLC, have a long look at the events of 23/24. His performance were he taking a Corporate Management Degree would be D-. In other words practically useless. The company still has NO CFO, guess no one likes the organisation. The Chairman seems very quiet when shareholders would have expected some sort of statement. In 12 months Shishir has learnt nothing, zilch, zero and PI's are completely in the dark. Would not be surprised to hear an investigation into the company's affairs is taking place.

Have come across CEO's similar to Shishir, who are self centred, will not accept advice, always know best and just run a company into the ground.

To propel this Company forwards it requires reorganising, root and branch.

Existing management is not fit for purpose

Includes ALL assets including share of CMBC.

Bots the uncertainty you outline and the high possiblity the current offer will be rejected considering the overwhelming number of posters stating a NO, it would make sense for you to sell at current SP, which is virtually static, banking a profit.

If as you beleive the SP will tank given a rejected offer, you can buy back in at a lower price.

The option would be a win win for you.

Everyone has choices,majority have decided and will stay resolute.

Changing horses in mid stream is never wise.

Good grief. someone tell him the regulator has approved an energy price increase of 10% from 1st October.

Ask yourself this question. Would I loan money without security?

It is reasonable to beleive the Directors, apart from buying a position, have terms in place to protect their investment or does anyone think the Chairman is stupid? There could be conversion rights exercisable when the Company is more solvent. We can be sure ordinary shareholders will be at the bottom of the queue if the company is would up.

Acquiring external loans is proving difficult because current and recent history of the Management's performance. If a lender does appear it is almost certain terms and coupon rate will be much above current corporate lending rates.

Just under 5 months until the stock is forecably delisted, if suspension conditios are not met.

Does Shishir realise or is it his plan?

There seems NO Haste on Shishir's part to get the accounts signed off and suspension lifted.

Do wonder what the Chairman is doing? Thought he is a money man!!!

"unlikely"

The offer is NOT binding until Shareholders Approve alongside the Court. The Former seems more likely judging by the Shareholders posting here a NO vote. Remember they require a 75% vote in favour to get the deal done. Unless major investment funds accept, the initial GTE offer will fall.

It will be interesting to see how Majid plays it on the Webnair. waiting to see how the votes are stacking up??

Amongst questions, he needs to explain details of the competitive offers. Shareholders are entitled to know. Should have been informed weeks ago.

Am very suspicous of GTE. Their shares are at or just below an all time high so can only go one way. There is NO Dividened, the balnce sheet need scrutiny. They compounded sharesa year or so ago from a penny share, by issuing 1 new share for every 10 held. They operate in a highly volatile area(s) S.America, where anything can and does happen.

On the contrary I3e have good locations, making good returns for shareholders.

It is all about tactics. GTE want us as cheap as possible. Putting out words "no increase" is just part of their game. MM's taking the SP lower is just a frightener which PI's should not fall for. Should the offer fail, I hope it does, and no further offers are forthcoming ( unlikely), the SP retraces to the 9's, it will soon recover bearing in mind we will be getting Divs and a New CEO. It will be impossible for Majid to remain in place, shareholders have lost total faith in his abilities and a more dynamic Director is appointed.

Nothing to fear and everything to gain IMO.

GLA

Bots, if GTE are such a worthy suitor, can you say how much Dividend their shareholders received last year?

Yep, Our former CEO Ralph Findlay could arrange a good deal as the Chairman of Vistry Group!!!

Supersmoker seems you have another episiode of memory loss, forgetting you advised your wife to buy Whitbread. Maybe she has given you a couple of black eyes that has caused lack of recall?

Suggest you invest in the miracle drug that controls dimentia. It costs £20K/pa. Chicken feed to you. cluck cluck.

GGG, spot on. Shareholders and the Market have been hoodwinked.

Interestingly GTE share price constantly rose from early March just after Majid signed the NDA. Co-incidence? Doubtful, all part of the process to influence I3e Investors, painting a picture of grand riches that GTE shares would provide I3e shareholders. Beware GTE shares have risen to a high and will fall dramatically once this ludicrous deal completes. Hopefully it will NOT complete.

Shareholders are likely to have shares held in TRustee accounts, Stockbrokers should notify every holder within the next few days. Details of the offer will be attached as will VOTING papers.

Shareholders are urged to enter their own Vote and NOT allow a proxy vote

How a Government can promise Growth against the background of the crazy rules, regulations, Laws and basically CONTROL, is beyond the wit of even the dimest Investor.

Supercharger now you are seeing the results of voting Labour, not only is North Sea Oil and Gas being hammered now Hospitality. Still you are OK with those Free shares.

Unfortuneately the £10 Poms Scheme ended in 1982 otherwise ships would be crammed with UK Escapees.

If as suggested Majid has been using slight of hand, how will the aledged "Competitive Offerers" think? Have they been used, do they exist, we have NO details of the Partys or their offers. How was the "Competitive" process conducted? It was clearly not OPEN or Transparent.

Fund Managers should be very concerned how the process has unfolded, and are, hopefully, making sure their Investment and ours, is fully valued.

A CEO has a fudicial obligation to protect shareholders interests and NOT feather his own nest.

Is it conceivable Polus had a whip and GTE the carrot, that encouraged Majid to agree a NDA in February, that has recently come to light and probably alerted Investment Funds that the process has not been transparent. Was Majid safeguarding I3e investors or those of GTE? On the face of what is known the latter seems to be the case.

Was Majid so handcuffed he could not release to Shareholders and the market generally the competitive offer process? A process we are not to know how, who and what perameters were in place . Had the market been informed a process of competitor offering was underway, there is no doubt the SP would have significantly benefitted from such an announcement, something GTE would have been completely against and every reason why Majid signed an NDA.

The Competitive Offers should have been publicised 2 months and more ago.

The way in which the Dividend payment is being used to bolster the terms and ultimate value of the offer, is risible. The methodology is clear and should not be considered as beneficial to the Offer, it is not.

It is probable Funds are suspicous of the terms and the way in which the offer has come about, which does not represent fair value. Hopefully they will hold out for a much improved offer, which I will.

IMO there is little to lose and much to gain.

If, as many wish, the Offer fails, Majid's position will be untenable. He has many serious questions too answer.