Member Info for Ssccss

I guess the drip sell is to stop people just taking their money and running. Makes sense from syns point of view. Sensible even. Just want to see a decent stategy moving forward that doesn't involve CCS. Plus what is the dividend and where did 6 times the mcap come from.

Theres quite a lot left unconfirmed. Maybe we should put together some questions and email Roland.

Well carrot, I do see your point but Roland put *6 in the RNS so let him explain it to us.

But you know that carrot.

"Following a detailed strategic review and given the persistent gap between our net asset value and market capitalisation, the Board has determined that divesting our remaining Cambay interest represents the most effective way to unlock value for shareholders.

Carrot current mcap is undervalued for the current asset they have

Sorry Gary... Didn't realise you were a pedant.

£0.001154 = 0.1154p or approx 0.12p

Lets wait and see what the circular says. Hopefully the numbers will be correct in that.

"The proposed transaction if executed will be subject to Rule 15 of the AIM Rules for Companies and will be subject to shareholder approval with the Company expecting to publish a circular and notice of General Meeting ("Circular") upon finalisation of the SPA."

Following a strategic review, and having considered various alternatives, the Board has concluded that a full exit from Cambay on the terms proposed is in the best interests of Synergia's shareholders. The agreed consideration represents approximately 6x the Company's current market capitalisation.

Well someone should contact Roland and get him to sort his maths out. RNS states 6 times current mcap.

Yes true span.

It states in the rns 6 times the current mcap... It was just below 0.02p...so roughly 0.12p

Or £0.001154

Pjmc, you mean approx 0.12p.

What did you want to happen CP?

If they decide to stick with CCS, RW has to go.

Not CCS. Just no. Need something better than that.

Syn are loss making so assume tax will be low/offset

Directors will not be going back on full pay after this balls up with the last Selan contract, not until they come up a decent plan. I assume that's what the reference to cost savings is about. I bloody hope so.

Actually my mistake. 3 cents per share is 2p per share so your maths must be dodgy span haha

Er no. There's 100 cents in a dollar