The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Well I suppose the MMs will have to give their shorter mates 'an out' at some point?! π€π
Just had a chat with Tom Grace (really nice pleasant guy!) and whilst he was very sympathetic to our current predicament unfortunately they only get involved with the actual application of the Takeover Code and unless there has been a clear breach of some aspect of the Code they are unable to assist further.
He did however say that he had already spoken to the NOMAD and made them aware of the complaint received about the lack of clarity around the validity of the votes that we have been asked to cast.
Other than that nothing more to add, other than I did say I'd report back here so that they wouldn't receive any further enquiries concerning aspects of the take-over attempt that they couldn't get involved with.
(Well I tried!)
Unless I've mis-read/mis-understood something from the latest RNS today at 09:58, have Saturn just opened a Short on SHG!!?!? π€
Email just received from Tom Grace at the Takeover Panel, who wants me to 'call him to discuss'
(Not too keen to respond to me in writing for some reason it seems?)
I will call tomorrow and report back.
Hounddog10
Well my email finally sent (far to long to publish here) but will report back if anything comes from it.
(I basically just ran through all of the past posts on here since the 'offer' announced and pulled out the main gripes and bullet pointed them. There was a lot of it so whether he'll read it all I don't know?)
I'm sure when you email him you'll do a far better job than me, but so long as he takes on board what our gripes are (and acts upon them) it's all good.
(However being a 'regulator' I won't be holding my breath! π€¨)
I am intending to call/email Tom Grace later to day (as invited) to voice our concerns.
If anyone could let me have the details of the main points/facts that I should be raising with him concerning this attempt by the Patels to rob us of future fair value for our holdings I'd be most grateful (as it would save me trawling through the chat board for these details)
Thanks
MB
Correction - The actual Meeting is April 4th
Cut off date is the 29th April
Same with HL, but this one is for an 'Extraordinary General Meeting on the 29/4'!?
Could I suggest everyone check their Broker Accounts as ONCE AGAIN as this just popped up in my account without any prior notification from HL!!! π‘π€¬π‘π€¬
Same here Alan!
I need Β£2.58 just to break even!!! π
Really Systemzero!!??
If you want to know what happens once Riverfort get involved just look at SAR!!!!!
Not invested here but have seen my Β£76k + investment there drop to Β£4,416.15 (at today's Share price) since they got involved! π
It's not called 'Death Spiral' Financing for nothing!!!?? π€¨
''run the risk of later unwanted action by regulators''.
In the US maybe, but the 'Regulators' over here (especially the AIM Regulators) are an utter joke!!!! π‘π€¬π‘
''I would bet SAR are not pleased with them''.
Well they were the idiots who appointed them in the first place!!! π€¨
Having copied, adapted and forwarded to the Takeover Panel yesterday Hounddog10's original email, I have just received the following response:-
Dear Matt
Thank you for your email. We note the joint announcement this morning made by Shanta and Saturn (available here) which, among other things, postpones the Shanta shareholder meetings to 04 April and the proxy deadline to 02 April.
If you would like to further discuss with the Panel Executive, please call our switchboard (+44 (0) 20 7382 9026), or alternatively provide your contact number and I can give you a call.
Best Regards
Tom
Tom Grace
Case Officer
WTF!!??? π‘π€¬π‘π‘
''In the latest RNS, it states that anyone whoβs already voted doesnβt need to take any further action if their stance is unchanged - their existing vote will remain in place''.
Personally I wouldn't believe that for one minute!!!
Make sure you take the time to vote again as better to be safe than sorry!
As far as their 'final offer' goes they can get f8cked!!!!!!!!!!! π‘π€¬π‘
Many thanks Harrogate4
I will amend slightly (so as not to trigger any potential spam filters?) and send to the AIM Regulator and Guernsey Courts.
If someone could repost the two email addresses please I'd be grateful.
Thanks again.
Only 94.18% down now! (a Β£71,471.01 real money loss not paper profit loss! ππ)
Something most definitely stinks here IMO, with their attitude towards PIs at the last AGM and the total silence and lack of news now!
But all we can do is to watch it play out!
GLA (We're going to need it!!!)
Know the feeling franky99
Was 3,200% up on GGP by late 2019 having been invested since 2014, but have seen over Β£650k in profit evaporate ever since! π’
Harrogate4
If you publish what was sent I for one will adapt and re-send!
Thanks
MB
''My previous NO vote with HL had also gone and my holding was listed as "No instruction given" too, so I had to vote again''.
Exactly the same here!
Furthermore, no email was sent to notify me of this fact!!! π‘π‘
These sneaky little f8ckers are trying to get it through by confusing the issue so it seems!
Don't let them win because you thought that your previous vote still counted as it would certainly appear that IT DOESN'T!!!!! ππ‘π€¬π‘
I would urge ALL share holders to contact their respective brokers to reiterate that they still wish to vote AGAINST otherwise these crooked greasy little scumbags might get this through?!
Let's not lose our company now on a mere 'technicality'!
If in doubt, VOTE AGAIN!!
NB: You only have until 2pm ET on the 22nd of March to do so!
GLA !!