Member Info for Medjed

Its a classic AIM play, recovery or bust. Black or Red, take your bets lol.

If you're not on the 1% of successful AIM companies whose share price is flying, then the next best thing is to go bottom fishing lol.

Good luck everyone!

The RNS is very badly worded. If the consolidation happens first then the 37 billion new shares should be 3.7 billion new consolidated shares.

Unless the placing of all 37b new shares takes place first followed by the consolidation.

Not very clear at all.

Key question

Are resolutions 2 & 3 the ability to issue 37 billion new shares effective after resolution 4 the 10 to 1 share consolidation?

Obviously a huge difference. One would mean a dilution from 51b to 88b new shares

The other interpretation would mean an enormous dilution from 5.1b consolidated shares to 42b shares after dilution

If you guys want to know the value of MAKO just plug it into AI, chatgpt or grok

AI says $577 million best case x 0.085 =$49m = £37m

That’s all assuming EME can hang onto their share without diluting PIs to hell.

I want to buy in too just very cautious.

Before anyone gets too excited WDGJY are ADRs, as far as I can tell the ADR radio for Wood Group is 2 shares to 1 ADR so the equivalent share price would be 37.5p

Still good!

Its there on LSE too. I missed it I was looking specifically for a reduced offer.

“less favourable terms” is very broad, it could mean anything. Its probably a standard legal caveat.

Sure it could mean a lower cash offer per share, or worse terms for the BOD lol, no golden parachutes, or worse terms for the cash injection etc.

I think you have to report any gains over the limit and then offset the losses.

First you have to write a letter to HMRC reporting your losses. Then give them a ring to make sure they received it. Then report your gains on self assessment form.

Or you can report both gains and losses for the tax year on the self assessment form.

You have 4 years to report losses so if you cant wait for the self assessment point just put the losses in a letter and send it to them.

The word “reduced” does not appear anywhere in the Extension RNS.

Peel Hunt playing games again.

The government will want to pay an absolute minimum, and to hell with the shareholders.

Look at what happened to other government ‘rescued’ companies.

I’d rather this bidding situation play out perhaps with another bidder entering the fray.

If the government step in then God help the shareholders.

That’s what I wanna know. How much more have EME got to pay Conrad?

If its only $400k as someone said yesterday that’s not so bad even if a small raise is needed to top up the coffers to pay that.

“Medjed, In that case, there was no need to put 35p number”

Kotichava, 35p is the figure of Sidara’s initial conditional bid. It is a legal requirement to announce this figure in the RNS.

Sidara had to offer some figure, otherwise the offer would sound very silly. Something along the lines

“Sidara proposes a potential offer of some amount for the whole issued and to be issued share capital if WG”

Lol

Never seen an RNS like that. The interested party always proposes a figure. And that figure has to be RNS’d

People are trying to read too much into a standard RNS phrase

"minded to recommend”

They want to sell the company, they want negotiations to start, of course they are minded to recommend. If they rejected it that would send the wrong signal from the start, like last year when they rejected every offer, and same as the previous year to that with Apollo.

That's what I'm thinking too, closer to £1 offer now. Scottish government are making noises, they essentially count as another bidder.

Sidara must be sweating, they better make an enticing offer to the II's get this deal done quickly.

I said this may happen. Scottish government may not want a foreign buyer buying such a strategic business. They may scarper Sidara deal. Just as Aussie govt did.

17th April extension RNS landed at 10am

How much do they owe Conrad?

Aimmaster are you ScarletVixen imho?

You end all your posts with imho?

Like she does imho

Very unusual style imho

It would explain a lot imho

🤣

“ The Company has received initial feedback from certain investors that they may be willing to support a fundraise and these discussions remain ongoing.”

This is the decisive sentence for me to get out. I was hoping for a last minute buyout. A placing means a lower so coming.

Next tie time to gamble on this is after the placing in my opinion. If there even is one.

0.001p

5b shares in issue