RE: Re.Posters .28 Sep 2022 20:52
Yes Franky but only if share holders vote in favour of a buyout. Not likely if the purchase price is absolutely rubbish. I think we can fairly safely expect another raise - and I've already stated the reasons why I think that will come sooner rather than later - but I believe pis hold a really decent portion of voting rights and don't think anyone has been accumulating over a period of time or we would have not have witnessed such a spectacular decline in the sp or in volume of share bought each day and over such a sustained period.
It may well come to pass that we're taken out - and I posted such thoughts here ages ago but was pretty much laughed at back then - but I honestly think by the time everything is in place and it's clear for all to see the company can do well then the sp will have at least recovered a little and any purchase price would have to be a good % above that to be approved.
One other thing to mention. I've had my doubts about Budd being honest and aligned with share holders such that he may have been offered a handsome reward and promise of ongoing employment by a potential purchaser if he succeeds in driving the sp down into single figures (please don't laugh, it does happen on AIM) but I'm getting the feeling he's actually a greedy little individual and may want the sweet smell of success in his own nostrils and to reward himself even more handsomely further down the line once AIHL tests are being run globally year after year, and the stroke assay to boot. The only caveat to that is that he hasn't bought any shares willingly for so long himself. He and the other Directors only bought when they had to at the last placing. All modest and clearly set amounts but obviously the market wanted to see them put some of their own skin in the game and a show of at least some confidence in their own abilities. Not a single Director since, even at this rock bottom price, has put their hands in their pockets. So, back to your way of thinking, perhaps they know what's on the cards and can't see the point in buying shares knowing it's going to be sold for some horribly low ball figure.
Ah David Budd, what an operator he is. If he ever leaves GDR then I think we all need to shout as loudly as we can to warn any other company anywhere in the world, and its share holders, not to touch him with a barge pole, unless of course they want to spend an awful lot of their money on repeated failure and decimation of value for share holders.
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