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My 2 explanations for no 11th hour bid are in reality this is the best deal the interested parties are prepared to offer or the way the company and its data was presented to the interested parties was done in such a way it was a managed sales process with Prax as the choice intended buyer
Which adds to the further prejudice of the minority shareholder group
Your last paragraph is another argument for the unfairness basket
Hi you have successfully navigated the task thx
Great post!
Would it be possible you could post this on the other channel ADVFN as it’s definitely worthy of a bigger audience.
If you do not garner any attention please re post
Misleads for financial gain is an accusation for the BOD not a fellow poster
Broomtree
Why would you care? (You want the deal to go through)
Mariog I made this point shortly after the Prax deal was recommended “how bad must the other bids have been for this to be the winner”
Other bids must have asked for an upfront payment to take over Hurricane!!!!!!!
JB if you vote down this joke they have informed you at 7am this morning they will withdraw this joke and it will not be replaced with a better funnier joke!
So if no vote we walk but if someone else betters our offer we might not walk?
Strange reveal of cards if they believe they are holding a full house!
Unless that was a poorly thought out knee jerk reaction to fresh data on how weak their hand is!
With De La Rue in a complete mess and if the Prax deal falls through those holding CRS are stuck for quite some time!
I remember someone posted that they sold some CRS shares (not a vast amount) but it was not easy!
If this deal is voted down or stymied where would that leave CRS holders….this may account for why some poster’s posts are baffling or can be out and out toxic!
A better question is how much are Prax speculating of their own funds? And it’s definitely not 12.5p per share!
ASI great day for VAST today
Broomtree you come across as a very reasonable poster you are (in your own admission)in a position to take advantage of a situation created by a closed group of entities possibly you will make good from this position BUT that does not alter the reality that for LTH or those not in a position in which to speculate further this recommended proposal is an absolute stinker!
So therefore I think it’s unreasonable for you to get irritated at posters who are proactive in trying to derail something that financially could be catastrophic
Prax and the BOD (hur) are the architects of this environment where some institution can buy in large volume at just over 7p receive back 6p in the coming months then everything after 1+p is profit not much DD required….they obviously be voting yes and if it gets voted down they probably gain even more profit as a better deal will be tabled! Unfortunately this definitely does not help LTH or investors who do not have available funds in which to speculate
Probably thought cannot get into 2 fire fights took the least line of resistance amazing though there are accusations of similar behavior patterns from both BODs
Oh I thought most of that was coming from hurricanes bank account you are saying Prax are paying the 6p from theirs sorry I am not very klever