Member Info for GrumpyScouser

Done.

Foreign? Lol.

Better to change the petition to focus on misleading information, manipulation etc.

Does anyone feel able/inclined to set this up?

I'd be very willing to help but not sure I could spearhead a disruptive investor engagement.

It also needs someone financially capable, preferably with direct "City" experience.

I can be messaged directly via the "blue" "shares" message boards. ;-)
ATB
GS

I'm guessing that an EGM driven by PIs would require someone to coordinate it.

Is anyone willing to put their hand up to do that? Am I right in saying that this would require 'us' to act as a Concert Party?

Gets my support but not sure I could organise it.

Also...to take care that membership was carefully vetted.

Count me in.

If they are to respond, it won't be until the last minute. Watch, listen, plan, act....

There are potentially other more influential/able investors than us who may yet respond

Didn't January fly by!?

That this might push HMG into agreeing to underwrite a funding plan?

Someone posted on Facebook a claim that a meeting was taking place in Aldwych.... frankly it could be anything including Pret a Manger.

7.50am and the late reported trades have appeared.

Ah well.... we'll see.

Care for a wager? A token? £100 to a charity of the winner's choice?

I keep saying its all there in the words.

The majority of shareholders have also read the word "intention". Not "promise" or "irrevocably commit on pain of death" (which they preferred to read into it).

The company has had 'one or two' challenges to deal with in the intervening years...and continue to do so. As such their intentions/hopes/expectations have also had to change.

That's life: the good news is RT is no longer involved and the business did not go bust as some predicted.

ATB
GS

Like I said: precise words count.

ATB

It was held in escrow pending the outcome of the SGH claim, so that either company would have unhindered access once settled.

It now belongs to WTG. Who will, I believe, disburse it to current shareholders.

Whatever we believe, we'll be informed in due course on what will happen to it.

Yes: I agree.

People who own shares on whatever date is announced, will be entitled to whatever is announced for CR2. Whether this will be just the escrow or also HS sales proceeds or another calculation remains to be seen.

For me, the most interesting question is whether to buy more once it's announced. All comes down to numbers.

The company requested 90p/share to be approved: it was and it was returned to US.

There was then a further sum held in escrow. This has now been reduced from £50m to £39m so you can figure out how much/share its worth.

The eventual strategy is to sell up assuming there are acceptable offers.

Thete will then, I believe, be further returns to shareholders. I also think it's possible the company will combine multiple sums into a single cash payment. This will minimise associated costs from court approvals, administration costs, distribution costs etc...thus maximising the value to shareholders.

At least that's my hope.

Once they decide how best to proceed I believe we will get an RNS defining the terms as well as a date at which one must hold shares.

This is a totally separate issue to the original Capital Return, regardless of individual hopes/wishes/claims.

All just my opinion....

Read the precise wordings of the relevant RNS.

Nothing ambiguous about them.

The original Capital Return, upon which Court Approval was sought and given, was reduced in order to show prudent decision-making.

I'm sure that in due course there will be an RNS explaining what the new intentions are. There is also the imminent sale of HS to consider, along with associated income.

It was paid through my brokers based on however many shares I held the specified date.

Need to speak with your brokers: the details can be found in the relevant RNS.