Member Info for horsetrader2

Perplexed at the lack of anything happening in my account.

Anyone have anything different to report ?

No wonder you are sweating.

Mines only about half of that.

I bailed out about half of my stock at about 3.5 p as I had been buying in when the price was at rock bottom,.

A bit of a costly error, but I want prepared to gamble any longer.

Best of luck.

I suspect you also tendered quite a large quantity Stalin ?

Mine amount to quite a significant amount, hence the worry.

I impishly thought of posting this morning, that mine all went through for a wind up . :)

It’s a stressful wait to see if my broker tendered my shares properly.

I doubt I am alone feeling this way .

If you look at this mornings trades, they are obviously rounding things off at the moment.

Monday should be the settlement day.

Ps.

I tendered 100 per cent of mine.

What happens in that situation ?

Thank you.

I’ll wait for an update from the bank on Monday and get in touch if necessary.

My wife received an update from Coutts.

She has two holdings of LETS.

The e mail stated that in the first holding , exactly 65 percent of her shares were blocked (Which I assume meant had been tendered.)

However, the second holding of 300k shares , showed that just 1600 had been blocked, even though she tendered for the the full amount.

This seemed odd to me .

I have absolutely no idea whats happened or what the repercussions are. (They could be costly ), not do I know how any broker mistakes can be remedied.

So far, I have no idea what has happened to my shares held by interactive.

Am I right in assuming that if only 55.38 percent of the shares in existence were tendered , the remaining 44.62 per cent of the cash will be put back into the business and that this will reflect on the share price when the tender offer is completed ?

All very confusing .

Anyone bright enough to offer some answers.

Its interesting that you would make your first ever post on this subject Lemonbutter.

Are you one of the concert party ?

Had you invested in the excitement of the early days of Immotion, then you would have bought the shares at multiples of 2.5 pence and after quite a few years you would be sitting on a loss.

After quite a few years of hope , expectations and wildly exaggerated claims of future prospects, investors now don't even know what they are invested in, and are back to square one.

Looking backwards

Vodiac... Poor and not updated with any new material.

Lets Explore.. Not bad , but loss making and probably not worth continuing with as they will have issues getting new material.

(Both of these products promised new material which never arrived.)

Uvisan Hugely over hyped and came to nothing.

LBE Offering, always looked good, but feedback on performance was extremely opaque and we never got to know how the Gorilla offering performed.

For many investors, this part of the business was the main reason for them being invested.

I have little doubt, the same concert party will pitch up to whatever Higginson is lining up .

Agree about the headsets.

Last App store update for both Letsexplore and Vodiac were some time ago.

As far as I am concerned , they are both dead ducks.

Remember when Higginson suggested Vodiac was going to be the new Youtube of VR ?

Driffield

I also have 100 percent showing, but I cant sell any .

Interactive said they wouldn't know the number of shares that were sold until they were all settled.

Best of luck.

I am with you on that.

I recon it will be recycled into an existing venture of his.

If you look at the concert party investors for Immotion and Huddled group, they are the same.

It certainly wont be anything I would invest in.

I received voting forms for the AGM on the 29th, it still gives me voting rights for my pre tender share quantities.

Anyone else have the same issue ?

Thanks

Interactive not offering any options.

I am completely in the dark.

You are not alone.

I put down 100 per cent and they all show, however, I can’t sell any.

I’m hoping as they were under subscribed , that I will get the extra allowance.

For now, I am resigned to waiting for Monday week to see the outcome.

Seems to be the norm for this company.

I am somewhat tempted to buy in at 3.5p, as a trade as its nonsensical.

Thought this would be announced this morning.

Would have thought that they had finished the general meeting some time ago.

Meeting tomorrow for shares voted, I expect all to pass , so it’s not long before this episode is done and dusted.

I think it’s pretty obvious where they are going to try and invest the 6 million left over, and if I am right, it’s not for me !