Member Info for Gordonbennett1

Are there any examples of publicly traded co’s g filing for admin, unions/councillors getting involved and the company coming through unscathed? And more importantly shareholders…?

What are your thoughts Daniel? Keen to hear how you think we have a chance yet and what the options could be for the company to save shareholders here and their employees.

Absolutely disgusting their CEO announced this via text message, that’s equivalent to being dumped via text.

https://www.examinerlive.co.uk/news/local-news/anger-safestyle-uk-workers-told-28002549.amp

Interesting to see! It is a shame the money required is pretty small, especially given there’s 600 plus jobs on the line. A few mil in the grand scheme of thing is peanuts.

The only saving grace is it was pure profit from qbt and and enet a few days apart.

Count yourself lucky you never had the opportunity to put the 10k in, I was stung for 4 and in the space of a day too! Worst mistake I’ve made to date

Unfortunately bond you seem to have missed the lte RNS! Oh well corrupt af!

At least I can go to the pub without worrying now done deal.

How did someone manage to shift 30m today when it was suspended

We can hope but likewise not holding my breath. Did anyone else try the chat function on their page? Seems a genuine person rather than a bot. I vented earlier

Good on you! I haven’t heard back yet.

Thanks Neil very informative. Like you I was in prior to the original run down, I then made a packet on the run up to 5.5 selling out at 4 which was an 8 bagger for me, one of my best trades to date.

I guess where I was going with my question is when they initially declared insolvency, I recall a similar wording highlighting the potential for no value being returned to equity holders. This seems a very standardised sentence when companies seek urgent help. What I wonder is how this may play out, obviously the situation is bleak, but there are a number of ways a buyer can go whether its at £1 or £1m we don't know.

What also interests me is that in this instance if a shareholder vote is to take place there is no skin in the game at bod level to guarantee approval, nor is there any value in equity shareholders approving it if the package holds no interest to them...

Just trying to overt away from what seems to be a dead duck.

Having a look at the major shareholders list which is dated back to May I cant see any TR1s other than Henderson's to suggest that these players have reduced. Surely they didn't get all out yesterday as the volume wasn't there albeit a decent number.

Neil what's your views on a ITS situation playing out? Can you remind me what happened there, I recall initially the bidco who bought ITS was looking to delist which was overturned leading to the situation they are in now!

Appreciate your Feedback Yel, unfortunately I hadn’t read your previous posts as they are insightful.

Perhaps you can share what you believe may happen next here? Assume it will be taken privately, what then delist, will the shell be maintained? That would be the interesting part and something that may be of value to buyers? Serve up a potential RTO, we all know listings are worth a lot more than the current MCAP. An ITS style scenario is that still possible?

Thanks but like Neil I will probably steer clear of aim for a while and focus on building positions is bluechip FTSE companies with income incentives and QBT.

The way this has been handled is stinking.

Agree, easy for others to do as well.

I just had a brief chat with one of the operators via the companies website chat function. Turns out they are still taking new orders which to me is astonishing. why would anyone order when they are looking at going out of business.

I have not had a response on my earlier email as of yet.

Fly higher, Whilst I appreciate what you are saying no one has a crystal ball to expect a suspension, especially when there was no conclusive result of discussions. That piece was left open to interpretation.

It was also very difficult to sell the last hour or so. I hope one day your turn comes and you are subsequently burnt.

Poor form!! I lost £4k here, I was considering selling on various counts yesterday as something seemed off I just couldn't pick it out given the volume and thought id have today and at least next week to balance or gain something at least.

Don't need any sympathy but not nice to see key board warriors rip into the losers. have some empathy ffs.

Very little could have changed from yesterdays announcement to suspension. They impaled many yesterday no one deserves to lose their full investment regardless.

What’s next steps here, what is a likely timeline for administration? Is their a potential MBO? If so surely some form of remuneration is due even if it is peanuts.

No neither am I Bond, seen it before although usually there is a whiff of a buyer before suspension even if it does wipe everyone out.