Member Info for testpack3

Crate news guys ( sorry, had to do it). If the other lines have been selling as normal, then I think today's rise is just the start, and we should see the Directors options price of 16p hit in the coming months. So pleased I had another bite of these sub 11p, and if there is some profit taking in the following days, will have another bite. Keep the faith.

With a reported $200m market, ST is pleased with a 0.1% order of this available market. The co literally need 100's of this type of order just to justify it's present sp. Must do better Simon - this is not 'game changing', and the market has reacted accordingly - down, again.

I still raise the issue that the co is reporting numbers if customers, and not revenue. For all that anyone knows on this bb, those 457 customers who have withdrawn their funds, may represent 90% of the income, or 5%. The CEO did state earlier that revenue for this FY would be LESS than FY14. and margins significantly less than FY14. This may be bluster in order to get a yes vote for the meger. However, I think it is a dangerous game to play to attempt to defeat the BOD's and either obtain a pre-debacle sp ( not going to happen), or elucidate a counter-offer ( unlikely). At the present time there is arbitrage of a guaranteed 8% in Sept. In MHO, if you have a book loss at present, take this opportunity to recover your losses, and perhaps make a profit, by supporting this merger. I am reminded of ' bird in the bush etc@. All in MHO of course, and GL

Yes, Tailender, it's a fair analysis, with three main green flags for me. No debt - production costs of 'low $20s pbo - good assets. I'm not so sure though of long term ( 5-10 yr) prospects for PoO ( price of oil). Production is ahead of consumption, and with 60%+ of oil into transport market, this will reduce significantly when electric/H2 FC cars dominate the Ist world countries. I suggest, within 5-7 yrs. There are too many oil producing countries whose economy depends on oil ( Saudi, Iraq, Iran, Russia, Nigeria, Venezuela, Libya for there to be a concerted effort to reduce production. However, as stated, with a low production cost, the co will still be 'in business' if PoO drops a further.30%. No debt is massive cf Afren, who has gone from a £2 share to a 3p share because of $1.2B debt. In MHO SOCO will £2 in a few months. All IN MHO of course

Not of a Baboon's intellectual capabilities, however I do rather admire their ability to flip their lips back. cf Michael Jagger, quiet an endearing quality during the mating season, as Bianca once told me. The quality I do not like, is the 'pack' mentality, which on occasions can lead the whole troop into a dire situation. Such situations can, and often do occur in the 'herd' instinct of investing. Much like yourself AlexJ, who finds himself deeply 'out of pocket' on a share that had risen in value by over 100% in a few months, and with other 'gamblers' , did not know when to take profit. I may do you an injustice since you may have 'bought in' quiet late near the £7 mark, being led by the 'herd' instinct, that it was going to be a £8,9,10 share, and then the SHTF ( Share Had Troubling Fits), and collapsed to a low of 1/2 pint of warm Bitter. I, for my part, had been in the share for a little while longer, and sold 1/2 my holdings when the price had doubled, having a 'free ride' on the 50% balance. Needles to say, I was v. v. v miffed when the SHTF. I was lucky enough to sell my remaining 50% at a tad under a diver, and then trying to guage the bottom of the market, bought 3 tranches ( Long CFD's), at 4,72, 2.34, and 2.85..Needless to say, after the acquisition rns, I sold all at £3.92, banking another handsome profit. I was surprised, and delighted, when the sp again fell to mid 3.50's, and after some DD and R, bought back in with a long CFD in what I see as a classic arbitrage situation. Now, you can clearly understand why I want the 'deal' to go through as agreed, and am confident it will, despite the protestations of Mr Odey., who has already netted a significant £29M profit on CFD's. with this share. I will give him, and you, some un-welcome advice - never be too greedy.

I wouldn't, I am led to believe the species is half intelligent.!!

How on earth do you know I'm sober. You're not the guy opposite with the 'uncertain' look, which, although appalling, sorry, appealing, can be construed as 'indecisive'. ps. I have two of my ground staff. asking, as I write, 'well heeled ' people at the Club, the very high risks concerning, the matter in hand,, the £4 offer, and acceptance, by both BOD's, of the issued share capital of , God, what's their name? Anyway, I'm pretty damn sure that one of the members at the Club ( probably Osbourne), will have an answer. Hold on, Smith ( Floribunda specialist) has just ingratiated himself with me, and is whispering, yes man, get on with it, ahh, it was Osbourne, who said anyone that thinks an offer for Plus ( that's the name) exceeding the accepted price of £4 is an utter buffoon. I say AlexJ, ring any bells with you. ?

Good. It bought c 3,65 M shares ( unfortunately no date was given for transaction), and guessing price was around£3.50 mark, will make an additional cool £1.825M for pressing a buy button. Deal is done and dusted. In MHO of course

He is most certainly deceased. Rather like the brain cells of some posters on this bb. I'm reminded of one of his 'frequent;' quotes; Better drunk and stupid, than sober and stupid. lol

There is a £20M 'break' clause in the bid. This is payable by either party to the other in the event one defaults.There is no 'love'; between parties, just all concerned being Israelis.

quote -It doesn't find it likely that the vote will be blocked or a competitor will make a counteroffer. In short it says, the risks are very high - unquote And so, the deal will go thru at £4 a share - crikey, that's very risky. lol

And exactly what are the 'significant uncertainties'. Having read the article via the link, it's nonsense. Of course there are problems at PLUS, that's why it's being sold at a near 60% discount to it's Mcap a few weeks ago.

Give them time Mfl, there is still oodles of arbitrage money to be made.

You may well be correct Mfl, but Company Law in Israel, and the offeree is an Israeli co., a subsidiary of PTEC, states - as shown in the post below by Ssh -m.. see section 6.2.. Just trying to convince ourselves that all is hunky-dory with the deal irrespective of 'red flags'. I personally want deal to go thru since I will make cash ( name of the game). If there was a chance of a no-vote, and the deal is quashed, then in MHO the sp will tank, and would take some time to recover. IF section 6.2 is applicable, and I have read it correctly, then the deal is done. If not applicable, and a simple 50.01% is required, and Odey vote no, then there may well be a problem. However, I think it is inconceivable that BOD would have issued rns without getting the proxy of sufficient holders to get it through. All in MHO of course

As I understand it ( not being a co lawyer), The disinterested party is Odey, with a holding of more than 25%. I think this means, that for approval by PLUS S/H, we discount the 25% owned by the disinterested party ( Odey), and a simple majority of the remaining S/H rules the day. So, 50% of 75% is 37.5 %, and with BOD holding 36.6%, it needs 1% to have it's way. Game set and match. It's my reading of it, and may be wrong. There must have been some dialogue between Odey and BOD when former was in peak buying mode, ( a 25% stake in any co would invariably lead to a seat on BOD), and I again now think Odey have been playing the game for PLUS. I posted earlier that I thought Odeys c20% non-CFD holding was at £4.13, and that may be over-estimated since I assumed it bought 5M shares at a fiver during the Exec. bookbuild deal.. It certainly has a cfd at c £3.70. It already has made C£29M on CFD's, and I would imagine would hop into bed with PLUS v quickly. I think this deal is done n dusted, and any buys below £4 make money. One small note (!!!), S/H are subject to 30% tax in Israel, and PLUS has already submitted the required forms to negate this tax, which should? be a formality. Of course, any profit is subject to UK CGT subject to thresholds. All in MHO of course

The share buying late last year was non Ex Dir holding minuscule %age. The Exec Dir ( founders) hold 36% at 'not a lot', and remember, they were all part of the 20m share sale last year which netted them 5 quid a share. They are now going to make anther 4 quid ps, and I'm sure they will not see the non Exec's 'out of pocket' on their S/H. For all we know, that £4m purchase t'other day could have been non-Exec's, and we will find out in a day or so.( or if it was friends of theirs, we wont).

Ssh - it wasn't meant to be sarcastic, and as you say, it's a lot of reading into one line, - semantics, or is it Semitic? lol GL

This is copied from the rns released on the acquisition. 'In order to proceed with the transaction, the Acquisition requires the approval of Plus500's Shareholders holding the majority of the Plus500 Shares at a General Meeting. Therefore, the Directors of Plus500 intend to send a circular in the form of an information statement ("Information Statement") to Plus500's Shareholders as soon as possible and within twelve days of this announcement, the purpose of which is to convene a General Meeting enabling Plus500 Shareholders to vote on the Acquisition' Is the part which says ' Plus500's Shareholders holding the majority of the Plus500 Shares at a General Meeting.' an assumption or fact?

Hi farraday. I trust when making yr investment decisions you do not rely on bb posters opinions. If a poster says something, either ramping or opposite, and it's a so called 'fact', then it can be checked and verified. In my opinion, you made a decent call on buying this share ( depending on what yr sp was), and then the SHTF with the rns about AML. No PI can foresee these red flags, and it's simply bad luck. You did however, have the chance to 'get out' at a significantly higher sp than now on offer. Most investors sell at the first smell of bad news. It's then when you need yr skill in identifying if the market has oversold and a bottom has been reached, giving a buying opportunity. This share now is a prime example, and should be 'easy' to spot, since there is a buyer willing to pay 4 quid, and it's on offer with a 14% premium collectible in September?? The 'market' calls this premium, the risk premium, since the deal may not go through for a variety of reasons. You have to collate all the evidence, and make up your own mind. Previous posts of mine give my opinion, but it;s your money, and yr opinion is the most important. GL Always remember, a share will never hit it's true value in one trading day ie never rush in to buy or sell unless you have thoroughly researched, There will be other days

As I understand it, and as stated in the rns re: acquisation, the sale of the co. is not governed by the R&R of the M&A authorities. A poster mentioned A&A of the co. regarding %age required for a T/O and poster mentioned 75% needed for winding up. This is not a winding up of the company, either voluntary or forced. I think a simple majority of 50.01% is required.. In that event, a simple ploy for Odel is to say to both parties, ' with my 25% and BOD 36%, you are home and dry IF you increase the bid to £4.20 ( £483M), and I make profit on all my present holdings' . That sounds like a good bargaining tool, and it makes perfect sense. So, for me, another buy 8am if the price doesn't open at something silly like £3.95. All in MHO of course