Member Info for Kev7722

The only thing they seem to do with this share is drop the price to try and scare people into selling... given the demand for shares now it’ll probably open at 3.49 and trigger some poor sods stop loss lol. Seriously though, some of the movements in recent days have just been weird, I’ve given up trying to justify them.

I *think* that if he acquired 75% of the voting rights (directly or indirectly) then he could delist the company & make an offer to buy the remaining shares, and if he acquired 90% then he could force a squeeze out with the shares priced at a ‘fair value’... Hoping there’s someone with a far better understanding of takeovers than me on here though - for one I have no idea how the fair value is determined. I’d assume it’s simply a premium to the share price at that point in time, but there’s obviously a case for the book value of Webis being much higher than its current mcap, depending on how the licences are valued?

I’m with Chilston - all we’re missing IMO is an informal register of ‘very sticky’ PI’s and holdings... I’ve already thrown my 0.5% into the ring! Manifesto, all joking aside can I take your handle to mean you have a personal/professional interest in the sector that’s wider than being in Webis? I’m always happy to take any (sensible) opinions onboard, but it’s always encouraging to see a level of support from people with an opinion that may go beyond just charting and/or reading a set of accounts!

‘My short’... that cracked me up! Not sure I understand the comment re. selling quick though, a premium to the SP is still a premium. My point really was that those hoping for Jim Mellon to take the company private ASAP may not get what they think they’re getting if that did happen. I’ve been long for over a year with an av. price around 1.2p, and no plans to dump anytime soon - personally I’m hoping that if he’s up to anything in the background then it’s trying to sell the company for what we all believe it’s worth, rather than take it off us as cheaply as he can.

Chalky - I don’t know Jim Mellon, but I’m going to guess that he didn’t become a billionaire by worrying about hurting minor PI’s feelings... I wouldn’t rely on a ‘fair’ price relative to the true value of the company, only one relative to the current mcap

Liam - correct me if I’m wrong, but presumably if they acquire 90% then we’re looking at a squeeze out? A small premium to the current SP wouldn’t be a disaster, but it’s not exactly the best-case scenario for a lot of holders now

Done, thanks Pragmatism

Interesting to see that the GAN bounce off the back of their RNS takes them back into the territory they were in immediately post-ruling... certainly feels like we’re only an RNS away from the 7-10p range now As an aside, how did you block him Pragmatism? I only ask as Bills constant ramping and de-ramping is just creating noise on an otherwise interesting and useful board (IMO)

Long time lurker, thought I’d sign up and join in the fun. I held c. 1.8m shares pre-ruling and topped up another 290k on the retrace to 4.5p. Having been in for long enough to see the excitement building re. Murphy v NCAA, and being pretty happy with the the fundamentals even if the ruling hadn’t gone our way, I now have no intention of letting any go for single digits. So feel free to discount another 2.1m from the ‘free float’. GLA holders.