Member Info for Globex

What a shame this deal has been approved. I do feel like we put up as good a fight as we could and even though we may have been outnumbered by those with vested interests and unknown incentives, we certainly weren't beaten in spirit.

Our numbers against weren't at all shabby considering we were up against big guns and the establishment surrounding this company.

For me personally this deal being voted for is the end of my journey with Hurricane, but for all who remain I wish you all the best and thanks for your board contributions over the years, there have been some brilliant posts and it's never been boring.

Fair enough I believe you've made it clear that this stock isn't for you and doesn't match your risk tolerance. Each to their own and all that. Could I then suggest you navigate instead to a less scary place to find something more up your street like something nice and stable from the FTSE100?

Just a heads up to folks who bought today, this upcoming vote is critical so make sure you have your say.

Normally share settlement takes around 2 working days, and cut off with HL at least to vote is 8th May @1:59pm meaning it's tight before deadline but you should still be eligible by Monday.

There are a number of resolutions but key one is #3 - aim cancellation. Not my place to tell you how to vote but simple one of vote against if you want to stay listed. Otherwise it's 0.2p max and delist - if you want that you would be better to sell now to get more.

They need 75% so we have a good chance of overthrowing it and remaining as cash shell (they say they have enough cash for ~3 months) but every vote counts.

How lovely we've acquired a board policeman. The mad thing is lse is absolutely packed with rampers but to choose this board is a bit of a mismatch when it's positively sedate, everyone here is pretty realistic. Only ramper is sharebel really but everyone ignores him lol. After all this is a tiny company with market cap of £225k!

Some real sh*te on aim being pumped elsewhere surely better served to being a bobby on the beat on.

One thing about THG it's a very leaky ship. Probably one of the 20 somethings that Moulding surrounds himself with.

Slave labour liabilities that's golden haha I've heard it all now.

The downside with these rises is it brings all the nutcases out, like a full moon lol. Trying to condescend people even though 5 minutes ago they'd never heard of the company.

Same poor, I feel like I owe a thank you to Peel Hunt for the heads up, follow the money

Trotsky the £40k figure only applies during In The Style windup phase, with all the expensive consultants that requires. As a pure cash shell - after all that's the play here - it reduces to £16k. All numbers are in the cicular https://inthestyle-wp-2021.s3.eu-west-2.amazonaws.com/media/2023/04/Itsarm-Circular-26-April-WEB-FINAL.pdf

The premium is the prospect of cancellation vote going against them and cash shell status quo, like last time when they couldn't meet the 75% threshold. As poor says nobody should be in this play if you believe or want that vote to go yes, while price above 0.2p.

"404 why would PH buy over 10% "

Exactly, you're posting that is if that contradicts why I've said. Read my posts again dumbo

Well the vote's in, 94.07% voted to re-elect, down from ~99% last time but still looks like you've been outnumbered. Perhaps time to move on mate.

Main thing in our control for now is this vote. The published vote deadline is a week today but allowing for share settlement, broker deadline is actually May 8th @1:59 p.m.

Not long at all so if you want a say do get involved. Dead easy if you're with HL, just go here https://online.hl.co.uk/my-accounts/investor-mailbox

Voted against personally. Didn't buy in for .2p and delist. Will take my chances and would much rather instead carry on being a tradable plc, even an empty one.

*£16k monthly btw

Where it could get interesting is the cancellation part of the vote requires 75% to pass, a pretty high threshold for them to reach.

So if Peel Hunt did have other plans for the shell - it's a bit if - with another 15% they could singlehandedly put a stop to the delist. On the other hand if they don't buy any more between now and vote deadline next week that goes out the window and this is a damp squib. Next TR1 key.

For what it's worth I took a punt on this after seeing the Peel Hunt 10% TR1, figure it's worth a dice roll with the 0.2p hard floor and potential upside if board's plan can be scuppered.

After second vote went against them last time now it looks like they've made the vote as convoluted as possible loaded with legalese, so I'm going to keep it simple by voting against all.

The key one is aim cancellation, to me voting against that a no brainer. Surely no-one in their right mind would chose to have equity they can no longer trade. Buried within the prospectus say ongoing fees without any existing baggage from In The Style only £16k. That potentially gives a much longer runway before cash runs out than their headline suggests.

Ideally they'd just crack on and liquidate ITS, distribute a small divi then retain minimal cash to allow the cash shell to roll on for 6 months or so until someone sees value.

Make your mind up Teddy, last week ago you were describing sellers with that grim phrase "bed wetters" and ramping it up with the best of them. You're correct now but are still a hypocrite.

Guernsey will be an absolute paradise in terms of shareholder rights compared to India where this will reincorporate after going private.

For me it's a bigger issue is why sell at all, if no offer was acceptable. Yes CA wanted to exit but quite frankly I don't care about them, it's Hurricane I invested in.

As of this latest lift it's likely we're in a position now where free cash exceeds the entire market cap. To be debt free and in that position is absolutely crackers. It's now clear deal is holding back the share price.

The thing that makes the Peel Hunt buy in potentially compelling imo is the question of why would they go to the effort of acquiring 10%. I can't really see a scenario where it would be worth them bothering just for the .2p payout.

Numbers wise they're pretty decently sized with a £140m market cap. This .2p proposal would only result in a £10.5k payout even with 10%, surely way too low to be worth their time. Unless they can throw a spanner into the works of board's plan. Fun part is we won't have long to find out either way.

If you're not sure what use a dividend is not sure what to tell you. Best sell then mate.