Member Info for helloDave

Basically the bid from Sidara is a false offer, they are putting in the lowest price to see how they can push the BoD and flush out rivals.

The suspension allows the BoD and major holders to get a better deal in place, the extension for Sidara is actually a rope to hang them.

It looks more like Sidara have placed the lowest bid to flush out bidders, Sidara can always increase their offer.

Yes Wood BoD have completely f-ed up, but that is known now, and with a 6 billion order book to buy the company and asset strip with removing a rival would be great for Apollo or Worsley.

The fact that Marshall Wace have started to close is the clearest sign that 35 is the floor at a minimum

The danger for both SIDARA and the shorts is that when suspension happens if a rival bid or good loan comes in.

the current bid by Sidara has opened the door to a easy rival that could offer the debt cash inject and offer 36 a share, Sidara have played this badly and allowed the BoD a great way to make themselves look good

The fact that the shorts have started to close is the trigger for the rest, all a hedge or MM has to do now is buy everything in the open float and hold at 32 to sell at profit to the shorts and let the shorts exit with their profit, its a win win game for them

The deal price 35, the shorts need liquidity to get out, so the drop is just to scare PI to sell.

next week will rally back to 30, buy and hold and the shorts are have to get out before suspension

I wonder if the ii will run the price up next week to 35 to force the shorts to close and ensure they get some cash back now

Fast exit for the shorts next week, then know there is an offer for 35 on the table and once suspension happens if the deal goes through they won't be able to buy this low.

Doesn't look good for Wood at the moment

Apollo and Worsley will be looking at the low ball offer from Sidara as an opening for them to emerge as a better offer

Just like Pride, every time you think you seen the last bottom another appears

The shorts are doing everything they can to get out now

Someones £40k auto sells got triggered LoL

Whoever is spending that much certainty knows something we don't yet

Hello Apollo, we have missed you xxx

Rival bid coming

Shorts trying to get out. They know the price will be much higher than this, at the possible floor now

Basically the price will be 35 or more now from here, Sidara not making a firm offer before suspension will F them as it allows the VoD to secure loan or counter offer from third parties

35 is the deal price, wood gone to the lumber yard

Holding off to let their friends buy before the RNS comes out?

If the major share holders reject then they would only do so if they know a better deal can be done, in which case rocket