Member Info for reddragon2

Thanks for the information all set up now with Shareview Agree long term shareholders have been robbed! As much as I detested Moon this Board sold out to the devil with respect to shareholders. Be watching with interest the new Companies Board and who appears there?

Not sure now how this works? If a shareholder doesn't sell their shares do they automatically get shares issued from the takeover Company.

Just a question from a novice.

Still not near the number required to takeover. Hold tight they are struggling to get numbers so it will only have to get higher at least double required in price to get their goal. Don’t listen to the gloom merchants when holding will be financially rewarding!

Squeeze-Out:

Under the Companies Act 2006, a buyer who acquires 90% or more of a company's shares can force the remaining 10% (or less) of shareholders to sell their shares at the same price offered in the takeover offer.

Special Resolutions:

A majority shareholder holding 75% or more of the shares can pass a special resolution to alter the company's articles of association. This could include provisions for compulsory purchase of shares from minority shareholders

Don’t think they are near either by a long stretch.

There you go a total shambles as predicted. The SIS Board are not in control. Lots of room here for growth and Shares at least doubling in price.

The position is unchanged. The board have massively underestimated the lack of response to such a poor deal. They are now struggling as they have been all along to push this terrible deal through. Both small and large investors know that the business is worth at least double the price offered. The advice has to be hold. I suspect a new bidder will emerge at a higher price but still way below the true valuation of the business. Hang on stand back and watch the turmoil.

Just to clarify to force sale of shares using a squeeze out they need 90% of the shares. That’s why they are pushing using every tactic. All investors small or large should do the research and at least get the offer doubled. Lots bought at 62p years ago so will see a 50% loss not sure many will go for that! Hold tight

Just like the EGM vote no along with other small and large investors. Clearly they are struggling to gain control and relying on using any tactics which are usually unsuccessful to support their position. Lots more mileage to raise the price to double a true value.

Still lots of mileage in this double the price would not be unreasonable. All investors not matter what size institutions or individuals should hang on. Those who invested at the beginning will need more to sell. I thought Moon was bad but this board have totally underestimated the value of the business.

Long way to go worth double all investors small or large should hang on it will be worth it!

General feeling is big investors who committed early when SIS was floated are holding out for a much higher price. Looks like they are struggling to get the 90% to squeeze out. Hang tight this still has a long way to run !

Don’t discount that the larger investors know the price is low so are unlikely to sell for the first offer if there is movement higher. Just a thought?

Way below the price that fits the potential business.its a no from me join us !

Looks like this will be a squeeze out situation where the loyal shareholders at floating 12 years ago paid 62p . The board of SIS should consider this when selling us out.

Agree double this would be more realistic

Only a few years ago they were touching near £1 think this is a more realistic valuation

Does anyone know why the share price has dropped so dramatically? I will hold but have not seen any comments about the drop? Would appreciate a lead here but not whingeing about Stephen Moon!

Encouraging to see share price rising and Non-Exec buying looks positive. Time to buy?

Still more of the same! No issue with sales and growth but costs seem to keeping pace with sales increases. Thanks for telling us the new people coming in but adds to the costs and no doubt on the highly lucrative Share allocation scheme. Lucrative for the individuals not the business. When there is an indication of cutting costs against the increased sales then that might drive share price in the right direction.

The question is the timescale on this profit? since the shares were floated almost 5 years ago many promises have been made but nothing delivered? Still wonder if the business can deliver with such a high cost for senior management and their reward packages? Time is running out!