Member Info for Farrell93

All good banter, I had a dip last night/this morning but didn't have the balls to hold.

Just seen that

If you think the board pushed away multiple approaches when they out of cash probably explains why you live in a caravan lol

Multiple bidders had had the benefit of over a weeks worth of DD, what have they seen in the company accounts etc to walk away?

We will see and hope so for shareholders. FSP 6 months too late when it was clear the company was running out of money. Closing the website just stinks of having not paid suppliers.

Trevor might be worth reading the RNS from this morning - the suppliers will no longer fulfil orders to the company, the website is no longer taking orders and the company was already very close to running out of cash.

Announcement after market tonight and trading suspended tomorrow. The company is now effectively in Administration and burning even more cash with no revenue whilst the website is down. The FSP is finished, potential buyers have the board by the short and curlys, no more negotiations with the incompetent board. It's dreadful for the shareholders that have lost lots of money and staff facing redundancies. some of these crook directors need locking up.

Glad I had sell limit set at 0.9 this morning, won't be touching this share again. Mike Ashley no doubt have his fat fingers all over the company once it goes into administration

Eve started the sale process in June. Either MADE are in a much more dire cash position or the board have been very strict with timescales to avoid the company stumbling into administration. I'm only back in after today's RNS as a punt so not looking to ramp

Neil- major shareholders may step in to let the sale process run it's course rather than being completely wiped out. It wont be for the 40-70 mil for the next 12-18 months.

A formal sale process was one of three options outlined by the strategic review. As far as I can see, the BoD have still not ruled out rasing debt to meet the short term cash requirements

Candy proposal rumoured to be £2+. If QIA were the sovereign fund, surely an MBO with the largest shareholder and CEO would be a more attractive option. It makes sense for all involved, QIA are looking for passive long term income and MM will want to be left to implement his long term plan for the company.

stake building going on here I think just as the shorts are trying to close love it!

Agreed shorts will be getting twitchy now and should start to close tomorrow- think they had been working on the assumption that a deal to take private would be difficult with current macros/cost of financing. The statement at least shows a link between MM and QIA. The chairman/general counsel will have their hands full now ensuring MM plays by market rules.

After months of speculating, MM has now shown his hand and intent to take private imo. Joining the dots, we had Candyman bid backed by a sovereign wealth fund whom we speculated to be QIA at the time. Not expecting any further significant announcements for now but think we will see a sustained rise with FIC Shareco/QIA taking out the free float.

Stake building by one II that can buy Jupiter's offloaded shares/ put pressure on the free float and this can be back over £1 in no time. Good job we have the golden share now as I feel there are forces in play to hammer the likes of BOO etc to take private for peanuts. Interesting that THG's disclosed short positions are no where near our 'market comparables' as no chance of taking private on the cheap.

Yep went in big on Tuesday last week. That's me done trading now pure gamblers luck.

Cheers HH, few beers tonight to celebrate. Can start to properly volume build in THG now and wait for the big £££ when we are hopefully profit making in 2024 (if we are not taken private in the interim).

As I said still 40% down on THG...

After a brief hiatus and having wiped out 60% of my losses by trading MADE, I'm back in and will be adding incrementally over the next couple of weeks. The market is brutal but also creates some incredible opportunities. GLA