How about this for an analogy. Someone wants to buy your car for 40% of face value, then they will use it as a taxi for three years and then you have to take their word they ‘might’ just pay you back the balance ... would you?
RE: Dodgy Deal (in Summary - its a stinker)16 Mar 2023 10:49
How about this for an analogy. Someone wants to buy your car for 40% of the market value, then they will use it as a taxi for three years and say if they make any money they ‘might‘ pay you back the balance... would you?
Naff deals like this are designed to frustrate shareholders into selling, while those who made the offer hoover them up to increase their voting capabilities
If we were daft enough to accept this offer, you can kiss goodbye to any future earnings. The full offer you would receive will be just over 6p per share, forget anything else coming later on, it will never happen
Sorry Andy but I have to respectfully disagree with you. Now that a firm offer has been received, other oil companies or investment companies will be looking at this, to improve it. The offer on the table is not good and that is a very polite way of describing it
Apart from the offer in itself being lousy and drawn out, we need to wait for a substantial company to buy, which has the cash to buy out right with none of the associated nonsense
Quite frankly I can’t understand why you’ve done that out of pure frustration no doubt. I am over 100% up on the share, however the offer is absolutely lousy and an insult