Member Info for FlyingHigher

13p by tomorrow at precisely 15:33

They've been selling for a long time. Nothing that recent.

You're right! It should be much higher! :)

The company is valued at £6m.

It has £4m+ in the bank and £1.5m of imminent contract revenues. Biotechs usually have a lofty P/E multiple, not discount!

A valuation of £20m on this alone is very conservative.

9.75 to buy the smallest quantities. Yes I just said tities on a forum hehehe

I'm now really hoping this doesn't pop before the new Tax Year :D

This is a ridiculous bargain.

You can't buy my shares for 11.75p. Mine will cost you 20p+.

This is an astonishing bargain.

Buy and hold for £5

Chunky buys for my chunky thighs

Wait for the divi funds to start selling. This will settle lower in my view.

Wait for everything to kick of in Lebanon

I had a tender offer from my Mrs on Saturday night, but unfortunately I'd drank too much Guinness.

Shareholders blow their profits on champagne at the £1 share price party.

Sorry I missed that important part out.

Lets hope those institutional investors take up the tender offer then. I hope its maxed out and then volume production is announced, so that PIs can make maximum profits. This email implies LOAM etc are interested, so that's a good thing.

Best case scenario:

Tender off fully subscribed leaving 200m shares in issue.

Volume Production with STM announced.

Re-rate.

I'm open to being wrong, I probably know less about this process than most!

This is spooky! Perhaps he can trade his shares for an equity stake in the company after it goes private?

This doesn't make sense to me!

The administrators have no obligation to shareholders even after debts have been settled. It's not a takeover process.

The shares are assumed worthless.

Even if there is £1bn left over shareholders have zero entitlement to such money.

It's basically handing over ownership of the company from shareholders to the administrators to solve the credit issues.

Maxi I don't think you're giving due consideration to the negotiating position of SED.

All value is irrelevant to shareholders because SED invoked administrators.

Administrators are interested in delisting a company and making sure creditors are paid in full.

They have zero interest in shareholders, who took their own risk.

So I repeat this point:

You have a buyer that meets the demands of the administrator to pay the creditors and clear any debts. On what planet would the buyer then put in a bid to take over the company and pay shareholders when they don't have to?

The £100m diamond scenario you gave doesn't work either in my opinion. The answer is the diamond would be sold off on the cheap for whatever is required to clear the debts. That's the process.

I've never known an administration process to offer a payout to shareholders.

It's odd to talk up the company's prospects whilst simultaneously push for the acceptance of a tender offer at a 25% premium to current share price. It's saying the company is great and undervalued but only 25% undervalued, so the prospects can't be that exciting, please take our offer. Otherwise it's like saying please take the offer and watch the shares you would have owned rocket after all these years of frustration.

The special divi would have crashed the share price