Hi Neil,
Hope you are well. Yes, a trade to be had here.
Good luck
Hello 0.60's like I said.
Could drop more?
DYOR
There will be huge dumping by shareholders later, am watching for the -0.60's for a trade.
DYOR
They are also warning shareholders that there may be no return to shareholders:
" it is possible that Shareholders would not receive the amount anticipated or any return at all."
From today's RNS:
"It is currently anticipated that the Net Cash Proceeds will be approximately £2 million. The exact amount however of the Net Cash Proceeds available to be returned to Shareholders in a members' voluntary liquidation will be dependent on a number of factors, including:
· the amount of cash in hand and at bank at Completion which depends, amongst other things, on trading performance in the period up to Completion and whether such trading performance could be negatively impacted, including as a result of any disruption in the Company resulting from this Announcement;
· in respect of the Asset Purchase Agreement, the ability to recover from the Purchaser under the assumption of liabilities and indemnification provision; and
· the timing of the members' voluntary liquidation and the process to its completion, including whether any presently unknown creditors seek to make claims, which may draw out the time and cost of the process even if any amounts claimed are recovered from the Purchaser under the Asset Purchase Agreement.
Accordingly, as a result of these factors, the amount of the Net Cash Proceeds to be returned to Shareholders could be more or less than is currently anticipated and, in the event that the gross amount of cash retained at Completion is less than £5.5m or unanticipated liabilities arise which cannot be recovered, it is possible that Shareholders would not receive the amount anticipated or any return at all."
Could we see 0.50p today?
I wonder if the SP will go below the placing price as it usually always does?
Earl had ramped this to the sky, wonder if he was part of the bucket shop trying to flip the shares at a 100% profit?
DYOR
Huge 27m earlier, DVRG massively up today, news inbound? Could we see 0.050p ? Positive news about DVRG debt etc and we could hit 0.060-0.070p IMO.
DYOR
Huge 27m just gone through on Level 2....With the DVRG rise-looks like news is inbound ?
Expecting a re-rate to at least 0.050p on positive news.
DYOR
Wonder what could have been the motive behind the attempt to malign the company? Shorters looking to close? If the BOD now release a positive update on the sale etc. the SP would hit 10p in an instant IMO.
Looks like things are moving quick behind the scenes IMO.
Sub 3p could be last chance saloon DYOR