Member Info for Greg25

You keep slating the BOD but some of them are sitting on £30K losses.

But Very True... I wouldn't want to be out of this one over the weekend.!

From next week we're in Mid Q4 with transformational results coming at anytime.

Exciting Times Ahead Here

Good Luck All Shareholders

Hi Barchid,

Agree, and I doubt that the companies involved hold any shares in ACSO. I believe them to be PE companies, for the above reason. As Risky says, they can offer whatever they like and the BOD doesn't have to accept any of them.

At this time, there is no increase in short selling, therefore the company is currently oversold.

To have a number of interested parties in ACSO, there must be potential profits that these interested parties see.

I expect the shareprice decent to level off and increase to a higher level as we await news. Always a good buying price for prospective investors.

Good Luck All Shareholders

Therefore, an interest with 10%+ of the voting rights, could make a cash offer at the highest paid by the offerer in the last 12months, but this is likely be rejected by the BOD as it is below the latest BOD buys. (As seen with the offers of interest so far). The falling 52wk high, will therefore be the benchmark for any acceptable bids.

Hi Guys,

No he is confused between 30% of voting rights and 10%
From the takeover code:

When a person or group acquires interests in shares carrying 30% or more of the voting rights of a company, they must make a cash offer to all other shareholders at the highest price paid in the 12 months before the offer was announced (30% of the voting rights of a company is treated by the Code as the level at which effective control is obtained).
When interests in shares carrying 10% or more of the voting rights of a class have been acquired by an offeror (i.e. a bidder) in the offer period and the previous 12 months, the offer must include a cash alternative for all shareholders of that class at the highest price paid by the offeror in that period. Further, if an offeror acquires for cash any interest in shares during the offer period, a cash alternative must be made available at that price at least.

Hi Helpful,

I totally agree.

Exciting Times Ahead Here

December 11th the 52wk high, will be 1190p it won't go lower after that until February . If there's going to be an official offer then 11/12/2019 would be favourite IMO

Good Luck All Shareholders

Hi Barchid,

From 24th July RNS

"following the receipt of approaches from a number of parties regarding a potential sale of the Company, it has decided to conduct a formal sale process under The City Code on Takeovers and Mergers (the "Code"). The Board of accesso has determined that this is the most appropriate mechanism,"

The BOD are fully aware of the clock running down, as far as the 52wk high goes, the more protracted the "talks" go on for the lower the 52wk high is , thus weakening the bod's hand for a higher offer.

Good Luck All Shareholders

Hi Guys,

First it was September then October and now we're in November.! For transformational Results is an absolute maximum of 7wks away but most likely to be this week or next.!

Exciting times ahead here

Good Luck All Shareholders

Hi Guys,

The workover has taken longer (for various reasons) than expected but is progressing well. Betun will provide ADL with a much needed revenue stream after they take a participating interest. They also have under 8 months to use the CLN facility so there's still plenty of news to come here.

Exciting times ahead

Good Luck All Shareholders

*845p

Hi Guys,

Taverham or is it Thorpe Marriott I can never tell lol.

It looks to me like you lot can't see the woood for the trees.

The BOD are using the takeover code for the sale of ACSO. At the beginning, the 52wk high was 2850p, which according to the code would be the offer price. The longer the process goes (without an official offer) the lower the 52wk high will be, currently 1875p.

Latest Director's buy 8450p , between this price and the lowering 52wk high will be an official offer for the company, in line with the takeover code.

Good Luck All Shareholders

Hi Guys,

ADL has increased it's share holding in Eagle Gas Ltd , from 166666 shares to 333333 shares.

Exciting Times Ahead Here

Good Luck All Shareholders.

Hi Guys,

In my opinion the results will be within the next 3 weeks.

Good Luck All Shareholders

Doubleup you're boring blah blah blah

In the meantime, the workover continues.

Looking forward to seeing how this all pans out

Good Luck Shareholders

Hi Guys,

ACSO have now proven they don't need to sell at any price.

There was potential bids , not as high as the bod would accept and not as low as the bod would finish talking.

Behind the scenes, Brexit could weaken the pound further which would make any increased U.S. offer more likely.

There's more to come here and the shareprice is now back in the buy zone.

Good Luck All Shareholders

Haha not at all Radar,

Tell us what are the facts to back your statement up then:

"Today 07:50
You’ll be sat on it for a good few more years, son."

It contradicts the outlook the bod has.

Your Not very good at this trolling park Radar.

Take out the SAH trial and re-read the statement below;

"But Franklin and his team want to deliver Phase II data on both breast cancer and SAH before concluding a licensing deal or deals."

Exciting Times Ahead Here

Good Luck All Shareholders

Hi Mike,

Yes it's good news them buying in, an Indonesian connection would be great but I think that will happen in time.

Good Luck All Shareholders

Cape Light Investments Limited 6.36%

Exciting Times Ahead Here