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para 13 a PS, I should have read on to the 2 line last para which, I think, is fairly positive? verbatum "If a Settlement Return is made, CBFI have agreed to waive it's right under the terms of the Acquisition to . reduce the consideration payable under the Acquisition by an equal amount". In 'laymen' terms I think it means they won't take a piece of the Apple 'pie', ie only the court costs will be subtracted. If I am right . . . . Bravo CBFI Elsewhere in said para, it reads: "Any Settlement Return would be made to those 'IMG' Shareholders on the register of members of 'IMG' at the Scheme Record Date" The 'Scheme Document', was issued 9th Oct, would that be the Scheme Record Date, two weeks after sale agreed? NB The Long Stop Date FWIW is 22 July 2018 - [a cricket term? [:-) ] thomasbrowne - me too, small print's a . . . . . ! PS Last post I misread '26th' for '25th'!
Para 13 of the 26 Sept RNS Acquisition agreement- law speak 'simplified' ? Para 13 refers to the Apple dispute agreement being reached, after 60 day's FROM the Acquisition release date - 'IT' is dated 22 Sep Friday [the RNS circulating it is dated 26th Monday]' - to BEFORE the acquisition date. ie NOT within 60 day's of the release date. 90 days for payment receipt after dispute resolved, is the same. How the return sum is reached: 1. IMG and CB agreed a sum within the offer price to cover the potential loss due to Apples damaging disclosure. This sum remains confidential! 2. Should Apple make an acceptable offer, the amount first cover's both the 'confidential sum', and the court costs, all sums over that [whats left!] to be re-distributed to shareholders.
Hmm, the dispute continues, sorry guy's! From acquisition announcement 26 Sep, they have 60 day's to reach agreement, 90 days to receive full payment if in IMG's favour. Any return would be less costs incurred in bringing the case.
Should litigation be implemented by IMG before due date, IMHO I would have thought that cancels the sale . . . is that OK? IMG had every opportunity but the agreed sale appears to 'pass that particular buck' on! No doubt others will tell me I'm wrong?
I would have thought that any litigation after due date, will be a matter for Imaginations owners. Did I miss the clause in the agreement that previous shareholders would be party to a future litigation which if it was won by Apple would see previous shareholders liable? I can't see how former shareholders will benefit, the deal is done. After payout Imagination ceases to be a public company, I won't be a shareholder and it continue's in other hands! Whether those hands pursue Apple, it's not my business and they will have no record of the multitude of previous ownership's, it's their business not mine.
MVN? - 26 Sep 2017 they dumped their entire holding in a Biotech company!
The ID of a one share buyer . . . . RNS Form 8.3 dated 24 Oct 1254 hrs
POWER - IF you had checked the LSE trades you would have seen that the ONLY 5.48 trade was a single Ordinary SELL {by a PI ?}and came immediately following a UT 'balance' valuatiion. Strange you caused so much alarm and consternation on this board of 'Intelligent' investors - maybe not.
Not forgetting the original UK Govt inspiration AND finance!! The question Is will the Kenyan 'M pesa' success [a 'Banking by Mobile phone' system] spread in Africa [and possibly elsewhere with Zuckerberg interested] and will it speed AVN's ambition?
Today an RNS Form 8.5 shows CBFI investments [a subsidiary of Canyon Bridge], increasing a short? Is this CB running scared, or 'good practice' for/ by a prospective buyer?
Just looking at some tweets about i Phone 8 one seemed critical of 'progress' and foresee a future 'i Phone 9': 'i' Phone 7 - No HEADPHONE jack .'' . 'i' Phone 8 - No HOMEBUTTON . . . 'i' Phone 9 - NO SCREEN [just an empty BOX] Because 'i' is for IMAGINATION
Not news, the RNS beat you to it by 21 minutes!
Since Mr Williams departure the SP has had time to move, but no it has remained more ore less static and to date he remains like me a shareholder. Contrary to ANY of the conjecture, observations and opinions written here[you know who you are], it suggests to me quite firmly that AVN's future direction will be carried on unchanged, it implies there was no 'internal squabbling or dissent', and allows DW to leave secure in the knowledge that capable and safe hands carry AVN forward to meet his original goals and ambition. AVN was his brainchild, and he fought long and hard, against the odds for it's survival. It has cheaper larger funding now with bond holders duly renegotiated and satisfied, not withstanding a very large debt! Leaving at this point is in a way reassuring, implying he sees no further 'tunnels', going any other route would not be an option! But . . . . DYOR
'whatsoccuring': You joined LSE chatboards 27 July 2017, it is clear from your entire 23 contributions all only directed to the AVN board, you are not complying with the above. IF you continue to post contributions in a like manner you risk being reported and banned from the AVN chat board. You should read and understand them before any further post's.
2m Bought today 9 Aug, includes a 1m single purchase, all seemingly above the midprice 30 - 43! Someone thinks there is Money to be made here - secondary market interest?
NOT a 'buy' . . . . a UT {uncrossing trade] = 'balancing act', google it if unclear.
. . . is being labelled, 'the Iphone killer' . . . and suggesting that in the not too far distant future all Iphones will be destined for the recycle bin! The talk is of a small company supplying the bits[ie chips, as ARM and others do] to the actual makers! 'The Iphone Killer' . . . seems to be an enhanced personal AV 3D device, enable everything 'Iphone do'able' in 2D, do'able in 3D that only you view - is my best description ie today someone walks behind you talking not to you, but on the Iphone! This AV device [possibly enabled spectacles/ sunglasses] would enable you to manipulate various devices in a personal 3D world visible only to you ! Thus not only will people talk behind your back, they will also wildly gesticulate without rhyme nor reason there as well! Question: Is this a 'chip' that IMG have in their CV or are developing I wonder, and/ or may partially explain Apple's panic 'disinheritance' of IMG if not! PS. The chip developers were not named in the intro I part watched!
It's time some realism was brought to this board. Does anyone remember remember when the fastest heavy transport route was by the canal system and horse drawn barge, when the Royal Mail was sent by horseback, or red telephone boxes, steam locomotives, or when the first motorway the M1 was built . . . . . how many lanes it was originally built with . . . . whether there were any speed restrictions . . . at all?? Likewise the M25 . . . . . . . how many lanes originally . . . any speed restrictions?? Likewise virtually any new dual carriageway? And the COST! Most if not all vehicles using them now regularly driven at or in excess of any speed limits! Even more basic . . . . .London without bicycle lanes! You still don't get it . . . . VERY basic communications and Growth! Put it there and people will use it . . . to 'death'! England's favourite dish 'reputedly' is/was fish and chips, and we all wondered what Margaret Thatcher [A British ex Prime Minster for the foreign posters and those too young to remember] meant when she talked about, 'everything with chips' - now we know! There are parts of the world, Africa, Asia, the far East, and even parts of the America's where whole segments of the population have no electricity, running water, sewage disposal, or paved roads in their towns of mostly mud huts houses with roofs of palm leaves, standard footwear is flip-flops or bare feet, and definitely bare feet if under 10 yrs! What the lucky, forward thinking ones do have are . . mobile phones or access to one! The Future of Communications is what AVN DW and investors is about, and IF you don't get it, this isn't for you, go invest in Tesco or Sainsbury's! I question why it is that people apparently without any interest in this company bother to post mainly trite, personal remarks - is it loneliness and they have no one to converse with, but think replies from a source totally anonymous of sex, age or country of origin are the next best thing - please IGNORE them - they delight in 'recognition'!
'Power', please do not believe all you read on here, far better to do your own research: Todays statistics, were 323 trade's, 2.5m share's sold, against 4.2 m bought . . . . . . suggesting very few buyers, the people to 'listen' too, even read let alone take any notice of most of the 'anchors [with a capital W] who seem to spend all day keyboarding here despite not even having shares in the company - they just get a kick out of seeing their words in print and feeling important when instead of being ignored as they should be, there is a reply, to THEM!! They then believe they are having a conversation . .WOW . . . on a chat board open the world over, how important are they??? . . One has to feel very sorry for such lonely folk, so much time on their hands and no one to actually talk too! Mind you it's probably quite fortunate they don't, as many would finish black and blue if they dared say face to face what they get away with here! Shame the boards are not better monitored as most of todays post's wouldn't appear at all as they do not comply with board posting rules - 7 pages of f' all, and yet the people who actually matter, todays buyers outstripped the sellers buying 1.7 milliion or 68% more shares - that's real, not 99% of ignorant or biased opinions 'printed' here. AVN has a real future, there are real people running it and it is supported by real people interested in it, rather than the mostly ignorant nameless faceless 'anchors that inhabit this board. NB Posters are more informed about AVN on 'other boards' - you get less intrusion too.
Some F8.3's submitted by several large investors show their buying continues, perhaps to get a bigger say in future events and/ or they expect a decent return?