Member Info for SteJSteJ

Indeed. A movement of this magnitude should provoke some form of update, even if it's just "know no reason for..."

Could be some form of housekeeping issue being resolved.

Given we don't know the legalities in detail (i got from some of the replies the Tygra was so sure they couldn't be taken up at all) it doesn't seem to follow any logical argument in my mind.

Still, the devil is in the detail.

Hopefully more news to come before the new year

Not sure what I think of that announcement.

Good - options taken up (albeit only £25k)

Bad - ITM options being left to expire

The wait goes on

Turned down a placing at around 20p that went up by about 70% a month later. Strange flex...

Discount of 50%?? Weren't many saying it waa going to be nearer 90%?

I believe it was something along the lines that their strategy to sell things wasn't impacted, not that it would have no impact on the sale.

A bit like rising interest rates don't stop you from buying a house, but could very well change the type and size of house you can buy

I agree the comms are poor Del, but I don't agree that much, if any of the impact, is due to BoD inability. Many bigger companies with better BoDs have gone to the wall due to the war, yet this one survives.

They said hopeful of sale by end of year, that is still to come.

The SP says it all about the war IMO. The longer the war has gone on, the more the SP has sagged.

If Russia pulled out tomorrow, I'd expect a fairly chunky rise (on this and other stocks). Would you be giving the BoD credit for that if it were to pass as quick as you aree to damn them for the opposite?

I'll happily agree communication from the BoD is poor, but I don't think that's a new development. I'm quite happy to take them at face value regarding NDAs being in place etc, which would suggest to me some secrecy is required.

Given the BoD stated they were hopeful of something by year end, and the SP fall can't get much worse, I don't understand all the wailing from sone those who claim to hold shares.

Surely one would keep quiet until the new year and see what transpires?

I very much doubt Tygra has added anything of value in their post/s.

Previously, they have been totally biased toward the negative, and based on your reply, they still are.

Was it another moanalogue calling the BoD crooks and liars while ignoring the war by any chance?

If you don't think it will come good, surely you take the money and move on to something else?

I think the negative spin is that it's them "kicking the can down the road" despite it being completely expected now until a sale RNS is communicated or otherwise.

The only interesting RNS's related to options expiry were the first one (will they take them up, will they expire) which resulted in an extension, then the next one which showed they would extend again.

As such, the option expiry date is now a moot point, as past actions suggest they can and will keep extending until the deal is done.

Say, it's jumped on by the vocal loons on both sides of the fence as either can kicking or the date when the sale will be

Maybe this will be a sustained rise with some news behind it later tonight / tomorrow. Maybe there is something regarding the war brewing. Maybe it's just a retrace from the drop on no news that happened a few weeks back. Maybe it's something else entirely.

Still a waiting game until there is an RNS detailing an offer or otherwise

But it does wash. The BoD were looking to concluding their strategy at the start of 2022 as per RNS's, then something happened in the Feb that maybe caused some issues no? Seems pretty reasonable to me.

Regardless, you are a reincarnation of some other mud slinger so off to the filter bin you go.

You list all the geopolitical issues that are out of control of the company as to why a sale hasn't happened yet, but you claim the BoD are the problem?

As asked many times, who were you previously? what did you get banned for?

Which poster did you used to be again?

Fair point there Spikey regarding a weighted average approach.

In reality, I would argue any rational investor with a view that the sale of assets would be less thsn current sp would have sold, so the market would have already accounted for their views due to it's efficiency and reduced the SP accordingly.

As such, I would postulate that the market believes the asset price will be higher than current SP in the event of a sale.

Even in your examples,the weighted view of the market is higher than the SP (and that is allowing for the 0 value people who logically wouldn't hold shares).

Ultimately, it's a waiting game until DFS is revealed and / or offers come through

Please can you illustrate with some numbers how that is the markets view?

Lets simplify and assume 0 value if no sale and a value of V on a sale.

Probability of sale by market is p, probability of no sale is q

So in a simple scenario, shareprice will be equal to 0 x q + V x p = pV

With p being between 0 and 1, V has to be >= sp.

So whilst your scenario may happen, it can't be the markets expectation based on what you have said before

But you have openly said, SP is a combination of likelihoods and values.

Unless the market is 100% certain (like when an offer is made for a company at Xp a share, and the SP jumps to just under Xp), the value element will be higher than the sp at present.

Consequently, in the event a sale occurs, the value and the current SP will likely be very different.

The assets detailed in the RNS's.

Given how new you are here, it might be worth your time to go read the RNS's over the past 4 or so years

You seem to have backed up Macs point there Spikey.

Asset sale, when it happens, could be (for arguments sake),£5 per share. Market thinks there is only a 0.4% chance of it happening, so 0.4% x £5 = 2p.

So the price achieved for an asset sale, given it goes ahead, is likely to be unrealted to the current SP now.

A bit like, when it was at 40p, the market felt there was an 8% chance.

Clearly just theoretical figures here, given the unknown in the value of the assets and the impacts of the war on achieving a fair price for the assets.

But given what has been said by the BoD regarding DD from multiple parties, how can anyone wholeheartedly believe a sale is not occurring?

Strike me as very odd to create an account recently to complain about a company when you imply you invested in it ages ago.