Member Info for neil777

The MMs have destroyed any chance if this bouncing

They to from 0.440 to buy 0.42p to sell. 5% spread ok can deal with it

Then it's 0.50p buy and still 0.42p to sell and ca drop to 0.40p. 20%:spread and they keep repeating this each day every day.

It's going to delist in 5 trading days so they are effectively killing any chance of a true spike. Despite this 2 million proposed payout

Haha Mike A buys more.. he will take this for peanuts.

He buys business's out of admin... its what he does. This has spoked to a massive 0.50% from that news and it will drop back to 340p by 4.30pm

Him buying is NOT a good thing and the markets clearly know it

I agree and I don't think this will drop much lower BEFORE the next RNS.

I just hope that they have to announce the court date and the date a decision will be taken etc.

I'm sure by FCA law they would have to so it gives people a chance to sell up before the date of they so choose

Haha Reardon,

I would think about it at 0.23p to buy but as I said yesterday I'm just not sure what this next RNS will say and I do think time is running out.

I genuinely will be so happy for any LTHs [even if I'm not in] if this spikes to the 1p and holds.

PH will be key to that... 1 TR1 for them, especially at this late stage and the flood gates will open.

Personally I was alway happy buying in the 0.20p to

0.29p as we had the 0.20p back to share holders om the table, now that has gone I'm more reluctant as its a bigger gamble in my eyes

The most half a rsed RNS to report final results ever!!

They clearly don't give a toss

Down to 14 year lows and Ashley is circulating to pick this up for peanuts.

Remember he buys distressed retail out of Admin.. its what he does

Haha I'm sure the markets will see it differently

I wouldn't be surprised at all Reardon.

The BOD have been an absolute disgrace and the nomad hasn't been good at all.

The PH purchase made absolutely no sense at all unless they had a plan.

Those 0.25p trades were definitely sells and a 0.295p.buy of a few hundred last thing.

The next RNS is now vital to which way this will go.

Time is running out clearly but again if the court doesn't pass the liquidation then it will go on another spike. If PH show another 10% TR1 which would only cost them 15 grand then all hell will break out and it will pass the 1p im sure.

As always best of luck mate

Haven't checked kn for a while.

How is there still no news as way of an RNS??

So bad to shareholders.

They keep saying progress is being made blah blah.. obviously not if nothing new to report!

There definitely sells unfortunately as its been quoting 0.287p to buy all day. So no way where they buys at below 0.25p.

It's held up not too bad at 0.25p with those sells

Mike Ashley’s Frasers Group has built its stake in Asos to almost 9% – taking him close to the ability to block a takeover bid – ahead of a potential battle for control of the ailing online fashion business.

Ashley, the founder of Sports Direct, who has a long history of snapping up ailing brands, from House of Fraser to Everlast, has moved to gain influence at Asos. Its share price has fallen 63% since February amid falling sales and a slide into the red as the pandemic-induced online shopping boom evaporated.

A report from the Guardian.

A history of snapping up ailing brands!!

20 quid a share haha!!

Ashley bought Monday and declared yesterday and it dropped and continues to drop

Him buying is NOt a positive... he is a vulture who buys distressed businesses on the cheap and hormally put of administration

Do a simple Google search of his last 4 purchases.

He is NOT going to pay this magical 20 quid a share which is 6 times the value now!!

That's about 2.4 billion.

The 1 bullion offer was turned down and I bet they regret that after this latest set of figures

You can buy now for 347p it is not going anywhere near 20 quid.

Keep dreaming and ramping this drops south.

Jimmy and his 15 or possibly 30% he owns has gone very quiet since that RNS.

Utter BS obviously!!

When you Google what % you need even that ks a grey area.

It seems to vary between 5 and 50% needed to call a GM or EGM.

Ashley buying is probably the final nail in the coffin.

He pays peanuts for anything he buys and the market didn't like it or ot would be back to 356p and about 18% lower than the offer price, when everyone thought that was a joke.

They are hemorrhaging millions.

Ashley will want this out of admin like he bought his last 4 businesses.

Market didn't like Ashley buying more at all clearly.

They will be thinking the same as me and ks the vulture looking for another cheap buy.

20 quid a share haha!!!

Bless

No

More info to explain the liquidation.

Let's hope they give an RNS stating a court date before they actually go to court for a decision.

What is compulsory liquidation?

This is an insolvency procedure that applies to companies (and partnerships) and is started by a court order - a winding-up order.

A winding-up petition is presented in the High Court, normally by a creditor, stating that the company owes a sum of money and that the company cannot pay. Less frequently, the company itself, its directors or a shareholder may petition, as (in some circumstances) may an administrative receiver, an administrator, a supervisor of a voluntary arrangement, the Department, the Financial Services Authority, the chief clerk (Crown Court), a clerk of petty sessions, or the Official Receiver. A petition can still be presented even if a company is already in administrative receivership or voluntary liquidation.

A winding-up order can still be made even if the company has no assets or disputes the amount claimed.

They go to court to allow for the company to liquidate without shareholder approval if they can prove to the court they don't have any money to pay creditors.

If the court insists it must get 75 approval by share holders then I'm sure this will be voted against again

https://www.gov.uk/government/publications/guide-to-liquidation-winding-up-for-directors/guide-to-liquidation-winding-up-for-directors

This will explain it more.

It will all come down to them proving to the court there is no cash left

Scoredagainsteps is definitely correct.

This is a tough one to judge as the next RNS could be a suspension or it could be an absolute boom with PH dropping another TR1.

I'd not trust this BOD for a second and in these cases the creditors always take priority over everyone else.

I love a gamble, especially on this 1 but I think it could be near the end so please only gamble what you can lose.

Anyone who knows my posts here will know it is not me deramping or trying to get a better price to buy In its just my experience here and that last RNS should be taken seriously.

Wow well done here all who bought at 1.10p zone

I kept on thinking about it but didn't hit the button!!!

Unbelievable riae and surly something must be happening behind the scenes