Member Info for shatter

And the Xmas rush has been and gone. No more splinters in the bum with the new designer multipurpose indoor outdoor furniture. Today's drop is a little odd on very low volume. Ho hum.

Your registrar maybe had one too many sherries ! But, it's a learning curve. Simply a case of sell now or hang around for the 10p. The red herring 5p will never happen. It's unfortunately a done deal. G.l.

I would double check anything your registrar friend told you....finger on the pulse and all that. G.l.

A fundraising will be no problem if Rm2 are getting the contracts....as for Woodford I am sure he is privy to a great deal more detailed info than us mere minions . Still early days, unfortunately !

Thankyou for your honest opinion. I also feel that the offer will go ahead. In some ways it is preferable as each individual investor knows were they now stand. A no vote could see us on very rocky ground ! I will stay to the end for the extra 4-5%, having been here for years and in the hope that the cvr isn't a huge red herring. Wishful thinking i know but i am hoping that the bod have made promises concerning the 5p for a favorable vote.. Enjoy the rest of your weekend.

Not wanting to put you on the spot , buuuuttttt, do you reckon this is a done deal ?

Couldn't agree more. This has been planned meticulously with little left to chance.

Something about an 8 working day rule.. It's in the rns dated the 18th..

It's a formality . To put it simply when any company has an interest of more than 1% they have to declare their shares and any short interests within 8 working days of the takeover announcement.

Agree, we may see a new low before any figures..

Perhaps another 3% towards the yes vote ? Hardly a takeover but instead a little Fortune insurance.... And a 4-5% return.

Astute or not the board have caused your knickers to twist... :~}} on a serious note be careful what you wish for. We seem to be in agreement on most things but a no vote could lead to a huge drop in the sp ! Do you not agree ? The bod have all the aces, unfortunately. Anyhow all will become apparent in the next few weeks .

I appreciate an opposing view can be scary when we are in the dark. The bod own 56% of the company and thus the other shareholders are an annoyance ! They have turned Fortune into an investment company which always stifles the sp as does the lack of a dividend. This was not done by accident or on a mere whim. These are very astute businessmen who want the rest of their very undervalued business back under their control. They will know exactly what support they have from Dels' 13% of minority shareholders as stated the other day. They will also have worked out that many shareholders will be content with 10p, as like intergalactic they have made a huge return on their original investment. If the vote does not go through we could be wishing for 6p a share or perhaps as many hope the bod will come back with an enhanced offer. Personally I think the vote will be passed. You have to remember that the sp has never been over 14p even when Fortune was performing at its peak. The bod are firmly in the driving seat and a buyout has been mentioned and mulled over for many years across the various boards. The sp has reflected this uncertainty as has the huge private holding by the bod. Being an investment company unless the bod want their money out of Cgh they are in no hurry. Great thing are expected in the Chinese energy sector so I would be surprised if the bod are in a hurry to sell. Pay 10p next year or 5p in 2016 perhaps. These are a discussion forum and perhaps you are right - the board only decided on a whim in Nov to take the company private and yes they have a case to answer in court and perhaps we will get a new offer of 20p a share ! Good luck with that :~}}

Calm down dear! A drama queen! Yes ! Your love for Del is admirable. Why do you believe Fto is a dead donkey! Fortune is worth at least twice the present offer and as Del and I have both explained if the vote is unsuccessful the resulting sp might be frightening ! The bod are in no particular hurry to drive this deal through ! What's a year or two especially if you can pick up the company for a fraction of today's price. I will repeat this again for the last time --- I am unhappy with the proposed price ! Fortune is worth a great deal more but do you really think this is a spur of the moment deal that the bod dreamt up over a long weekend ?The bod have possibly been working on this for years and have carefully steered the company into this cul-de-sac. They maybe believe that a "yes vote" is a real possibility as the minor shareholders and pi's consider the alternative.. I have been in a number of companies that have been taken over and there is always the "Sue them brigade", but they have all gone through ! G.l

Filter or simply ignore...

Being the font of all knowledge and not at all condescending why did you not contact your credit card company when you had a problem with your Chinese company ? Oops, perhaps you sent cash? For one so insightful, who always makes money you must be a very wealthy man. Another happy and very prosperous new year :~)

Hope all had a good Christmas....all points of view are welcome. Yes, I agree that the 10p is a low ball offer and would hope that Fto will come back with an improved offer but they don't give a stuff about the pi's and unless they are backed into a corner it ain't going to happen ! Del, that is quite a list.... In and around 13% ! It might be a case that in the coming weeks the vote counters in Fto will have worked out where they stand, if they don't already know and the 5p red herring will be discounted for an improved offer...in reality the 5p was never going to happen. If they reckon that they can carry the vote then 10p it is.. Still plenty of time for fun and games..

Good Fortune....another few weeks will tell a tale..

I am resigned to the 10p a share offer ! This has been in the planning by the bod for quite some time and as I said from day one the 5p was always a red herring.. I have been involved in a number of takeovers over the years and rarely do they get close to value for the shareholder, whether it be miners or small oillies ! Perhaps the bod have built in a contingency for a small offer increase but I doubt it. The problem is that if this does not go through, 6p will seem a great price. As it stands Fortune Oil is now dead in the water and I can't see any future value in this company. The pi's are the tail hoping to wag the dog . A blocking vote could be costly if it were to go through!

Interesting post . If its the case that the vote is actually only open to 45% of shareholders that is a very interesting point and makes the deal less than certain ! But as pointed out by others if the vote doesn't go through were does that leave the resulting sp? Fortune seem to have tied themselves in knots..The 5p does indeed appear to be a red herring !