Member Info for LucaMacLeod

Jenashon, While I agree with you I can only see the bid going the other way the the incompetent BOD that are self serving. I am confident Sidara have confirmed with them that their jobs are safe providing they get "a deal" over the line

Throw...early morning brain freeze :-)

Sham, Wood did not contact me directly, I have a number of friends who worked for me on behalf of Amec/Worley/Wood who passed on the content of an email from Wood management yesterday..Nothing of real substance in the email (as you would expect)

Krok, The issues (Or so we have been told) are only related to the some Historic Lump Sum contracts. As for defaults I am not aware of Wood not being able to furnish any payments, are you?

Krok, show some class (That is if you have any)

Krok,

I think you are wrong, I have many friends who work for Wood globally ( Projects people) and they are all busy and confident that Wood will turn around ( And I was also sent the internal email that they received yesterday morning from KG).. But what would I know.

May I ask what you are basing your fOpinion on?

Krok, there is no need for you to act in such a manner, Please try to be respectful.

@ Longfell I am also bitter regarding the BOD handling of the takeover however try not to through personal insults at others as it shows a lack of class

Cheety23 , I will be very surpised if this could be the case as once the shares are no longer trading Sidara can change the sum they are investing without any comeback.

Longfell,

I don't think the deal can be classed as a merger.

Actually I just checked via ChatGp and this was the result

🇬🇧 UK (under the Takeover Code by the Takeover Panel)

If a bidder acquires 30% or more of a company, it must make a mandatory bid.

The offer must be no less than the highest price paid by the bidder (or any concert party) in the last 12 months.

To be honest Vulan, I thought that was the rule also..Obviously I am incorrect

Sham, so explain the difference between a secured and unsecured loans..that was the subject and not if Wood makes profits

Carrot, There is still no need to act this way, If you feel you have won the why do you have to resort to acting like an idiot?

Carrot13, Stop acting like an uneducated idiot and show some respect

I have a number of friends who work for Wood in a contract basis, both in Aberdeen and Houston and as far as they are concerned Wood have loads of Projects that are currently in line with expectaions and the issue does in fact lay with historical projects/Contracts.

Sham,

Lenders have to go through the legal process and that takes time, That is a fact weather you like it or now...Why do we have both secured and unsecured loans?

Yes it's in Auction

Robert, I am with you.

Krok, if that is the case why are Sidara not confirming they will pump several hundren Mill into the Company?

Wood will survive, it will be a long road but they will survive