Member Info for M007

The tender is $80MUSD / 875,483,008 = 0.0913781 (0.06658p).
No? What's so fishy?

If you tender shares, you have no remaining upside b/c you're selling shares back to the company at the agreed-to price. If you don't tender any shares, you receive no distribution. Post tender, there will be less cash on the balance sheet and correspondingly fewer shares outstanding. In other words, unless the company pays a cash dividend, you can't have your cake and eat it too.

My guess: the economics will prove better for those who tender b/c, for those who think they want to be long this turd, the opportunity to re-purchase at a discount to the stub's NAV will be ample.

What is everyone's guess as to where the stock trades at August month-end?
What % of proceeds will be distributed vs. held to make an acquisition?

400,000 shares repurchased yesterday

i give 25% odds that bakky is SJ

potentially spend millions? he certainly has you convinced. I'll take the other side. time will tell.

The SL legal mumbo-jumbo is nothing more than vain diarrhea of the mouth. How moronic and self-indulgent to ingratiate himself on this board with baseless arguments, hoping even to convince himself and scare away bids to hit the shares a bit. I'm good for a few more M at any price below 5p.

The board's interests are completely aligned with shareholders. Look at Guy Elliott's 20,750,000 shares etc etc.

https://mmx.co/investors/major-shareholders

The longer it takes for the board to clear the air, the longer the odds of there being only one contract accounting issue.

Hope the company was a large percentage of today's 8.9mm volume.

question is... whether the tender will be like the previous where a larger financial buyer paid up (13p, in that case) for a stake OR the company using cash on hand for a smaller amount. in either case, it's probably going to be based on some measure of weighted average trading volume, so not surprising to see the stock trading flat following the release.

Good post, thanks. Any sense what kind of dividend the board will initiate? Any comment on not having fulfilled the buy-back?

Some decent % chance they're working on a deal to sell the company... it has been too quiet, particularly on the buy-back front and there is a bid for TLDs at present. Just a hunch.

no. query whether there are restrictions b/c of the market cap. my co's in the US conduct calls w/q+a regardless of market cap.

my contention as to the prospect for a positive outcome from current levels is positive and unchanged. imo it will be longtime coming if this remains an organic growth story (after an already long, belaboring and costly restructuring). that said, I believe the board is nearly exhausted with the duration of this one and, as a result, is positioning the co as a package to roll right into an acquirer. this is why I think a dividend is pointless, and perhaps also the meager initial buy-back. that said, if it is to be an organic story and hold for a few years to come (please, no), the board should strongly weigh the prospects of a dividend vs buyback. there is otherwise, w/o selling shares, not even an infinitesimally small IRR to calc ex the 13p tender way back when.

as for all the whining on this board, to what end? it's pointless.

Does anyone know if there are regulatory restrictions prohibiting the company from conducting a conference call (and taking q+a) following the release of financials?

Meridians are ubiquitous in higher end shops. Boenickes are not... more like a Bugatti Veyron than a Rolls. Go see Dennis at Park Ave Audio (NYC) for a listen.

Now back to MMX...

https://boenicke-audio.ch
W13 or W11. Much better speaker. Get in line.

What Is Treasury Stock (Treasury Shares)?
Treasury stock, also known as treasury shares or reacquired stock refers to previously outstanding stock that is bought back from stockholders by the issuing company. The result is that the total number of outstanding shares on the open market decreases. These shares are issued but no longer outstanding and are not included in the distribution of dividends or the calculation of earnings per share (EPS).

Of course I want a hight share price -- considerably higher. My point is simple. As the company has now repositioned itself into a cash generative organic grower (and given that there clearly are still sellers at current levels), it is far better that the company be the buyer AND reduce shares outstanding. For every 1% of shares bought back, that's 1% more for your shares upon a company sale. At its current 56mm+/- market cap, it will NEVER attract capital flow into shares that creates the momentum we'd all otherwise like to see. And, while I don't know Buffett personally, Warren wold certainly agree! Why don't you call finnCap and offer some of your shares. They'll bid you as will perhaps Henry Turcan (an insider): https://polaris.brighterir.com/public/minds_machines/news/rns/story/w330djw

If the company is the buyer, why would you want the stock moving up in the interim? That makes no sense. This stock will never trade in line with an index, it's too small. No one cares. Let all the dinker sellers sell. Shrinking the shares out, however incrementally, is a positive step in the right direction. It's an expression of confidence by the board. If you think there's anything nefarious at hand, you're just paranoid.