Member Info for Medjed

My understanding is you retain your pre emption rights meaning you can buy up to 8 new shares for each old share held to retain your % holding in the company. You don’t have to take all those 8 new shares up but you will have the right to before anyone else gets second dibs on them.

Am I misreading or was that an RNS to let the market know a director bought £10 worth of shares?

🤣🤣🤣🤣🤣🤣

What confidence in the company!

Pathetic!

Vote against these waste men and women, vote No!

MIKODX this is not even AIM lol, this is on the main market!

Makes me think main market is actually worse, their RNS are even less regulated than AIM. At least on AIM you have the NOMAD.

Definitely! Hostile takeover would be a God send right now. If nothing else it would push the sp up lol.

I would vote no to all motions. Put JD in a corner. Let him claw it out of administration if he thinks he can. He’s clearly trying to avoid it going down that route so I vote for the route he doesn’t want. Lets see what he does then.

At 800 million new shares at 1p that’s some gamble.

Your existing holding would essentially become worthless so you would be investing new money in JDs turnaround plan in the hope that y new money could rescue your loss my multibagging many times over.

Personally I would take that potential new money and invest in another company with better potential for multi bagging than Superdry. Look on Nasdaq multi baggers there every day.

The 5p placing is the option where JD takes the 200 million new shares all by himself. So he will hold 226 million shares or just over 75%

Then the company may consider finding a broker where the delisted shares can be traded.

Absolutely disgusting, not even the decency to buy out the remaining shareholders to take it private.

A hostile takeover would be very welcome right about now :)

Completely agree!

Will this be a special resolution requiring 75% to vote for to pass?

If so I’m tempted to stay to vote against. Middle finger to JD and this disgraceful BOD

Ouch!

Can always buy back in if things start looking better.

I took a different approach sold half for a £1.5k loss, put it into CZOO and was 50% up but failed to sell at a profit lol. So now both halves are equally down.

There were other great opportunities on the week it fell down like ORCA and GDR that could have recovered my losses instantly but I was too slow to react.

Charting targets from a more well known chartist.

https://m.youtube.com/watch?v=eAtwCbbgDio

28 March RNS

“The Hilco Facility is to be extended by six months to 7 February 2025 and will see an additional £10m made available immediately and a further £10m available for the working capital peak between September and November, subject to the approval and implementation of cost saving measures. “

Interesting!

Is that a good kind of spanner (for shareholders)?

GR only placed just under 1/4 of the available 4.5b shares. Perhaps this is a good sign he wanted to limit the damage to the sp raising only what’s needed at this low sp. For the next placing lets hope GR expects the sp to be much higher.

“If that’s the case, JD will be the only holder voting that through.”

Perhaps he was hoping the shareholders would be distressed enough to accept and vote for a lower buyout offer for going private?

You’re right though I still can’t see how this would bypass the BOD wouldn’t they still have to recommend such a motion to shareholders just as they would have to recommend an offer?

Just speculation and reading between the lines on my part.

I think JD released that awful RNS to deliberately knock the sp down in the hope of panic-forcing remaining share holders to accept a lower offer from him either via an official offer or as a buy-out due to going private.

Maybe out of frustration/desperation that his lowball offer was rejected. If he did make a lowball offer shame the BOD didn’t state the figure in the rns.

Perhaps this too was by design because if a figure was published it probably would have kept the sp floating at that offer level, which was not the desired outcome.

There’s no raise on its own on the cards in my opinion because the company already have a £20m facility not all used up yet. A raise at this mcap would be peanuts and not achieve anything.

The raise at 5p is not for cash, but for JD to get hold of 51% of the company and full control before taking it private. The two items were conditional, JD underwrites equity raise (ie he picks them all up) upon the condition that company delists.

I expect such a motion would require a EGM and a special resolution to be voted through which usually means 75% voting for. So I don’t expect a raise out of the blue, but a EGM announcement if board is happy to recommend such a motion.

Just my opinion, could be wrong of course.

“you ever have a sniff of a profit on AIM - bank some of it”

Very very true! I hope I can apply this principle going forward.

Raaydar bet you are wrong. £4.5m is not enough. Watch Steve deacon video where he was assuming 0.26p

I bet you placing won’t be in the 0.1p area no way. That would only raise £4.5m not enough.

He needs to raise at least around £8m, think about it!