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Some big trades coming in..
…and todays Form 8.5, confirmed the purchase is ‘connected to the Offereee’
Which street is that on lol
Just listen to what their fund manager said about SED, it seems they were misleading investors as in the background they have been selling out. VOX should be vetting these guys!
https://www.voxmarkets.co.uk/listings/LON/SED/multimedia/
Surely they’ve now had ample time to make a decision on the deal…!
Why would it suspend tomorrow, they’ve already told you via RNS they are solvent at least till end of this week - abscent the withheld cash receipts. If these are released then they will have more time. That’s the way I read the RNS.
Well there is still a background seller hence back down.
Nope read RNS carefully, they said they are going to start ‘planning’ for admin. So nothing happens it would be sometime next week but dyor as this is my view only.
Where have all the sells gone from last 3 days causing tsunami of some 97% drop lol
They have said end of this week if sale/fianancing does not progress, they will start ‘planning’ for administration. Now this may or may not happen as it’s due…why would the suppliers ‘withhold’ the cash receipts unless they are trying to stitch this company in the time of need?
Whilst the Company's cashflow model shows positive cash balances to the end of March, the Company's Directors are becoming increasingly aware that certain contracted cash receipts may be withheld, therefore bringing forward the date, absent any further funding, on which the Company can no longer solvently trade.
I’ve ever seen, and considering the company involved I’m gobsmacked truely lol…well you learn something everyday!
Now this looks like MMs are playing us all…
You guys touting placing this isn’t going to happen, it pays to read RNS properly, it’s under a strategic review & formal sale process.
seems this way according to this article
saietta launches aft140i axial flux motor in delhi for indian market
https://*************.net/saietta-launches-aft140i-axial-flux-motor-in-delhi-for-indian-market
Should see a correction from here, all to play for…watch and learn but as always dyor
Missed this in the RNS today, it seems they already have an approach, wonder who this could be?
RNS Extract…The Group is in discussions with a potential offeror which are at a relatively early stage. As described above, the Board emphasises that a sale of the Group is only one of a number of strategic options to be considered under the Strategic Review. Another option under consideration is to seek investment in the Group…
Only on AIM…and considering this is a strategic supplier it’s absolutely shocking. Heads need to roll but buy-out is on the cards, has to be it’s too good of an opportunity for any competitor now!
GL hopefully you can empty the board now that you’re out lol