Member Info for Ilovesushi

No, no profits can be expected. Remember with new board came new people with wage demands, unless they can be laid in shares which dilutes everyone each time they are paid.

The company will never be profitable. Any contract it ever won is loss making. There is not point in this company existing except as a charity. Just accept when you buy its shares you are giving money in a begging bowl. There is no business here. Another placing in 3rd -4th quarter will wipe you all out if you were not wiped out yet. History of placings here and nothing will change. Expect more placings.

Take out the grant and the company had revenue of £300,000.

It’s not enough and we can see why the company has ro sell shares as usual. Why the hell are people continuing to find this outfit?

Don’t believe anything the management says. The company has always been loss making and it always will be. Its broken. Invest here and lose all your money. Its a charity that it. It takes and takes and takes and returns nothing. Why keep supporting it?

There is a resident ramper on this board that is unable to see the realities and pulls the wool over your eyes and is the cause of many a loss.

Do not believe the directors nonsense about new contracts. Any contract they win or even renew and non profitable. The companies whole existence is flawed. Its stay in business if that what you can call it, by making money by selling shares. Another placing when the last raise is gone. You can easily work it out when if you try. Stay and be wiped out again if not already.

Ignore the ramper.

Like I keep saying there is no business here.

Revenue of only 329k and Operating loss of £249k. You see this company does not make enough revenue to pay salaries. Its a charity where you will never get a return. As it only makes losses is can only do placings to stay afloat.

When the cash runs out from the last placing, guess what?

Come on guys giving the company more and more authority to wipe you out.

Let them call in the administrators. There is no business here. Why do people keep waiting for so something that never comes? The thing that you do not want is as regular as clock work. Placings is the only place where they find income.

Avoid or be wiped out in the next placing.

A cash shell without cash. And IP that no one wants or has any value. Should never have been allowed to list and beguile people. Those rampers are no where to be seen.

Delisting soon.

All based on one man. When he retired there was no business. The never was a boiler that produced energy and Volvo was never going to put this mysterious machine on a boat with their engines. What a con this was. Many were warned but the believed the nonsense. Many lost a lot of money here.

Did anyone else notice that in the latest update no mention was made in regards to the discussion of a settlement agreement with the Bank Nykredit Bank A/S? Obviously the company is being charged for this. No way the company can settle as it cannot get away a placing without wiping out everyone in a heavily discounted share price. It could never raise enough and as the company is losing money by trading, trading as to actually stop. This is the end. When an AIM company can no longer place any more shares there is no way out. ADMINISTRATION IN DAYS. The company is out of cash and out of ideas. AVOID

Things have been dire for sometime. The company has not really been honest with the shareholders and have often stated that trade is improving and a stream on income is close. It is not true. In this latest statement they give it away be revealing that trading is NOT fully operational. So they will never get the income necessary right?

This last year the management kept putting a spin on things and letting shareholder believe things could easily improve. Now it is clear thing have got worse. Here is the key phrases. "With tight working capital and a heightened level of creditors. So it means they have little of no cash and higher debts. This is bad, truly bad. The last thing left is the management must now in order to protect its creditors have no choice but call in the administrators. Creditors are protected in this scenario and shareholders are shafted. This was always going to happen it was obvious to most. Now the chickens are coming home to roost. This company only stayed afloat with placings. No more can take place as shareholders have lost patience. ADMINISTRATION BEKONS WITHIN DAYS.

Things are dire and have been for some time with the management not really honest about how dire things are. Now they say they are feeling the affects of last years down time. Now they realise patience has worn thin. The company will never raise the money it needs to stay afloat. It keeps promising that it can make money from trade but it cannot. It makes money from selling shares and the problem it has now is no one wants those shares. Call in the ADMINISTRATORS. What ever happened to Carbon Capture and offsets. Damn. The company is finished.

Nice strong open. More gains coming. Shorts better watch out. They could be caught out big time on leak on offer.

40.02 - 40.50 on level 2

|Hosai

Under the Takeover Code, when a buyer acquires “control” of a target company it must make a cash offer to all shareholders offering to acquire their shares at the highest price paid in the last 12 months.

Hosai

"Highest price paid" rule:

This rule applies when a buyer acquires enough shares to gain "control" of a company, typically defined as 30% or more of the voting rights.

No I so not think so. I think these are exemptions and part of a stabilisation plan. They can bid what they wish or is acceptable. Even if they did offer this price which they wont it would never be accepted. Lets remember they are only in talks and have not made any offer. They are free to make any offer, there is no limit or floor to which they need to pay over.

Hopinforagain

You ask:

"If an offer by sidara is rejected by the wood board for one reason or another, does this get corresponded to shareholders or do we not get to know until an offer is worth putting to us"?

The board would announce on agreement to the purchase price the actual price offer and or if accepted. The question really is if the board rejects the offer will Sadira go hostile and approach the shareholders directly?

At this moment Sidara want the acceptance of the board. I cannot see that the board would reject the cash off and not tell us the amount. I have known some companies reject an offer and just announce that it refused the offer as it did not value the company`s true worth.

Then it all gets interesting if a new party comes in and wants to make a cash offer. This would be really something. Then to think we get an offer, then a third party makes a higher offer.

Then again the company could ask the shareholder to vote between two options. A cash offer from Sadira at such and such a price and or the options that if rejected would the shareholder prefer a various other funding option? That could entail a placing or a bond issue of some kind. Letting the shareholder decide what is preferred. The board may have already sounded out from the large institutions the preferred route.

Think of this, we get an offer and we are told of it, then it is rejected will Sadira come back and make a second offer? All to play for. Good luck.

News at any time.

Thanks Surin

Shorters must be worried. Its not going to the "TEENS" is it. More and more likely that the company can receive an offer for all its shares. £1.00 would be good.

If I predicted this was going to fall to the 20`s the other day and the "TEENS" last week or week before, I would be too embarrassed to show my face if the share price was 50% higher. Some people have no shame. Clearly they were wrong and got egg all over the face, but they keep insisting the same message when what they predicted should already have happened. I wonder if this person could be married. Could anyone live with anyone like this who insist they must be right when it is glaringly obvious to all they got it badly wrong.

Anyone interested in getting a class action against anyone who has defrauded the company and has lost money due to the fraud? We could sue if it is found the company has been defrauded and it caused shareholder to lose significant amounts of money.

why does someone who talks down a share and believes and predicted this is going to the "teens", does not short. then again it is a puzzle why post nearly 100 posts ******* on a share? sure give an opinion and say you do not like it. but over and over and over again? its not healthy. then not shorting a share when you think it is going to drop is quite bizarre. more peculiar is posting so often that a share is going to drop then not take advantage of all the effort you put in. i guess every board has at least one odd poster.