Member Info for MyrtleMan

Someone has bought 8 x 2.1m blocks today at a cost of around £40K.. I guess if you know this is definitely going to be passed, then why not buy shedloads at 0.235-0.245p, knowing you will get 0.25p in a short while. Pocket change, but free money.

You will not get a choice to hold shares in the private company, if it's voted through you have no option other than to accept the 0.25p per share you hold in cash and the shares are delisted.. it's sayonara to the current shareholders and any future explosion in value of the company will all belong to the new owners (and the management who manage to hang on in there. )

Yep, silly question :-)

Your no will have no impact on what you are paid out when it gets carried by the insti investors agreeing to getting something back rather than nothing... Landsdown Partners have agreed to it and will take an enormous hit on this, in the tens of millions of pounds - they will get back about £750K for their 303m shares..

What I'm curious about is why the offer at the moment is below the 0.25p sale price and people are prepared to sell millions of shares 5-10% below the sale price rather than wait.. are they worried this is going to fall apart and they end up with nothing?

Anyone know if Oasis Management had held that 21m shares prior to all this nonsense or if that's a new investment? Only pocket change for them at around £50K, but interesting that they're taking an interest at this stage if it is a new play.

That wasn't after-hours trading, it was someone dicking around with the wide spread of 24-33. Nothing to see here.

It's a sad state of affairs that in the week that there's the Alternative Fuels conference in Dubai, attended by global players, and the first SAF Transatlantic flight takes place, with all the talk about the need for SAF and how the govt is supporting the development of SAF plants, VLS is trading at a discount to the offer price of 0.25p and is on the verge of disappearing. Such a shameful indictment of the failure of the management team to take the potential this company had and flush it down the toilet, along with millions of pounds of investors money.

Anyone buying now above 0.25p either knows something the rest of us don't , or they're treating it like a call option, paying a bit of premium for a potential upside shot. I'd love to know what was going on a week ago when millions of shares traded, lifting this thing 200%. Nuts in hindsight.. or was it.. we'll have to wait and see.

Bid is currently at 0.231p, so likely we will see it dip below today.. whether it stays below and keeps dropping is the question..

Price action is starting to tell us no other offer might be forthcoming... heading towards 0.25p

And another RNS of a company taking an opening position in VLS - CANACCORD GENUITY ASSET MANAGEMENT LIMITED (for Discretionary Clients) - have bought 27m shares yesterday (almost a 1.7% holding) on behalf of some clients.. again, why are these companies steaming in to VLS at prices above the offer price of 0.25p?? It is highly unlikely, IMO, that this will go for 0.25p.. The fact the bid is sitting 10% above 0.25p is telling you that too.

Panmure bought a net of 42m shares for clients yesterday at between .27p and .33p... who were they buying for I wonder, paying 10-20% over the bid price..

Means they are delisted from AIM and you get 0.25p per share you hold.

More likely they sold out because they got wind of what was going down...

So two different investment companies both invested recently, buying 37 million shares, and have taken a major hit in a matter of days... ouch.. good timing guys.. It says the date was the 17th, but that's not possible, with only 5.9m shares trading, so was probably on the Tues/Wed when there was a huge amount of shares bought all the way up to 0.95p.. There's still a chunk missing though, as that's only 37m of nearly 200m..

"the Consortium has indicated its intention to provide the Company with SIGNIFICANT ADDITIONAL FUNDING (which would be available to the Company following completion of the Possible Offer) to meet its growth capital needs (the Possible Offer and funding together the "Proposal")."

So how much do we reckon is this 'Significant additional funding' then? As that is a key part of what a counter-offer will have to come up with too, not just beat the £4m valuation. £20m? £30m? In order to get the matched funding and the grants etc to keep things going it'll have to be at least this much I'd imagine. £40m is small change for an oil major or the likes of Rolls Royce.. but are they remotely interested, that is the question.. maybe now there's an offer on the table, they might be.

I can't help but worry that we might see a repeat of the punt a lot of people took with Debenhams on the day that everyone expected Mike Ashley to come charging to the rescue and bail Debenhams out, and it was like a free bet that it would only go up in price... well, he didn't and the shares went to zero.. what if Lightrock pull the plug or they fail to come to an agreement? What if VLS get a counter-offer which then falls through, but Lightrock have already stepped away, leaving them with nothing? It's a risk for sure.. but worth a small punt at these prices maybe.. the govt should get involved to try to save this I would think at some point too, especially given all the announcements over the weekend and with the Autum statement on Wed.

It's because of those oligarchs that VLS is struggling to get the funding they need to stay in business. The banks won't touch them because of their connections to said dodgy Russians and their connections directly to the Kremlin.

Yep, accept or lights out.. All we can hope for is some other suitors quickly come out of the woodwork with counter-offers now that this is going to slip away from them. There must be some other green companies out there who will be kicking themselves if they let this slip away from them for the relatively small sums involved.

Buyers still willing to take millions at 20-40% above the offer price so 0.25p may not be the final offer for sure. Or its the sellers from last week at prices up to 0.98p closing out for a nice profit.. or it's just punters punting that it'll go for more than 0.25p knowing their max downside is 0.25p.. who knows #casino

It's more about the promise of sufficient finding to keep the business going - which will be in the tens of millions.. otherwise, as Warebore said, the company would have to turn out the lights at the end of the year..