Member Info for galaxy

I take your word for the analysis you gave, so what is your projection to the direction of the SP , today, tomorrow ... etc? do you think we will hit anywhere near the 7p. of yesterday again? I am asking because I can see that you know more about these technicalities than I do, cheers.

I was only trying to benefit from your assessment, so would you care to say why it is a lovely pattern? and why it is good to hold? cheers

can you please explain what exactly is the lovely pattern developing? so far, today's pattern is going one way, and that is down!

Do you care to explain what is the good news in the link you sent? all I can see on that link is some pictures of camels, desert ... etc

The SP is dropping because lots of people are panic selling. As you say, if people just hold their nerve .... what happened yesterday indicates confidence in this company, there were some big buys, one was 750,000 shares at 7p .....

From the pattern of yesterday's charts and what we have of today, I think it is vey possible to have another 6.5p plus surge, if not today then any day in the next week or so, so I wouldn't rush and sell yet. Remember that nothing will change till at least the meeting of the shareholders, which has not been given a date yet. the MM made few bucks yesterday on this share, they will be greedy to do it again. Please remember this is my own forecast, but always DYOR .. gl to all.

Thanks for reply. Other replies also appreciated. I just need the info, also if any of you sold any, of their new shares, so we can all guage the effect of these shares being available, and also the effect of any sales to the SP ... gl to all.

Good mMorning all, does anyone see their RI shares on their account yet? was anyone able to sell any yet? I am not selling any, just a question, cheers

Yes Ali you are right ... I assure you I do not have any intention to sell now, and that is for the benefit of all of us, me included.

yes if that scenario would happen it would surely be wonderful ..... I am even tempted to sell my 800,000 shares now at the current 2.5p as they cost me only 1.1p .... but I will hold, the circular has not been sent yet, so by the time its sent and the meeting takes place, I would say we are looking at 2 weeks mimimum .......... hopefully this up trend will continue .. maybe 4p or even 5p ... after all, the SP just before the delist announcement was 7.38p

you wrote: <<<<if cantano got delisted they would of went into administration anyway>>>> I dont know enough about cantano to comment on that, but I take your word for it. However, not every delisted company has to go into admins. .... with ACER for example, they stated that the purpose of the delisting is to save costs and also to go private ... I am just trying to weigh the pros and cons ... and till now I dont see a conclusive argument that would swing it one way or another.

By te way Ali, you wrote earlier that a rejection to the delist proposal can make the SP go flying and you quoted the example of CANTANO (CTNO) ..... however, this same company has now gone into adminstration after the delist proposal was rejected by the shareholders, so mabe the delist rejection was not a good thing after all?

Thanks for reply.

Does a sharholder have to attend the meeting to vote on the delisting? or can it be done by post or email?

Just watching today's trades : Volume Bought = 512,140 ..... Volume Sold = 0 ............ amazing figures.

cheers

Lets hope you are right, so we can all benefit .... by the way, does a sharholder have to attend the meeting to vote on the delisting? or can it be done by post or email?

Can anyone please tell me what is the date when the new shares would be available to sell? I am not selling, I just want to know the dat, thank you

Are you sure I own 1.5% stake in the company? wow, that makes me feel important :-) ... but that makes the cap for the company only half a million, are you sure about these figures ... I know that 800,000 shares sounds impressive but I only paid around £8300 for them! Anyway, you also spoke favourably about delisting being rejected? once again are you sure of that? delisting was meant to save costs, if it is rejected the running costs of the company will be more of a burdon, so why would that make the SP go flying? your view and all othrs are welcome, hope we all learn from one another's inputs, gl to all.

Ok ali, I will join you so you dont feel lonely :-) ..... good rise today, I phoned the secretary of ACER just a little while ago and he confirmed that the draft of the circular is complete and the circular will be sent to all shareholders this week. I tried to get as much info from him but no joy, you know how guarded these people are in what they say ....... but anyway, my view is that the market reacted in a very unrealistic way last week when the proposal for delisting was announced, now everyone has read more into it, and realised that delisting when done voluntarily does not always mean bad signs, the market is now re-adjusting. I am happy that I bought 800,000 shares last week at prices between 1p and 1.2p, I hope many of you have also topped up. The secretary also confirmed that the delisting proposal is mainly to save costs, and ACER have announced a number of cost cutting decisions (e.g the 4% wage cut), so the delisting is just one of these cost cutting decisipons, nothing better or worse. gl to all