Member Info for Tex2374

Another thing we need to keep in mind is that CF only gave his opinion and didn’t say it was happening. It was his ideal scenario to stop the manipulations from happening.

I agree, he is saying this ‘may’ be a good option, not this is what’s going to happen. However, how many times have we made excuses for CF in the last month, or claimed he’s misquoted.

Take a step back everyone, look at what he’s said over the past few weeks.

Shareholders mislead and have not taken financial advice when investing in Sxx.
SXX is a high risk , high reward investment
BBs should be shut down
Now this latest quote.

He is CLEARLY setting scene for a less than favourable PI outcome!

Maybe going private. Maybe a buy out. Maybe something else? But whatever option it will be done at 3.5p plus a premium, not multiples of 3.5p.

How will he get it through? Simple, take the deal or run out of cash and have your shares worth zero!

Horrible situation for all, especially LTH. Nothing to do now but wait and see. I assume news will come next week, maybe Monday?

I always say not to get emotionally attached to a share, but this guy is a dick. Play the blame game and then when the PIs are shafted make out he had no other option and blame everyone else. That’s not cricket.

All IMO, let’s hope I am wrong.

Devon, your posts are misleading.

Companies can be taken private by PE buyout. What happens to your shares in that scenario? They get purchased!

Agreed FFC. SXX would need a good reason for shareholders to approve going private in which case the offer would need to be a lot more than the current SP.

...... the good reason could be this “this is the deal we have, if we don’t accept it we run out of cash and go under....you decide what you want to do shareholders?” How do you think everyone would vote in this situation?

So you magically pop up at our time of complete despair...... I am probably wrong but..... JR have you found yourself a new handle? Or is this your brother??

Seems a bit suspect that JR is silent and someone new takes his place immediately.

Cue JR to tell me I’m wrong :-)

Let’s put that down to fake news.

At the current price it’s not surprising a few suitors are starting to surface. NYSE up 4% after -5% earlier.

https://www.streetinsider.com/dr/news.php?id=16025081&gfv=1

I get excited very easily Kabaa!

I will be uncontrollable at 15p+

correct
Bid/Ask: 8.16 / 8.24

Big news coming Monday?? maybe the word is out already?

up she goes! Time to get on board people!

LOL 8.07 :-)

woohoo 87.07 paid

buys will increase this afternoon. still waiting for someone to take the 7.99 plunge!

7.97 buy just gone through!

Looking for some Friday afternoon FOMO!

Agreed!

It would influence people as much as the people who come on here to say they have sold up because there is no hope.

But why the need to repeatedly tell everyone you’re buying?

' the 35 th time I've bought shares is SXX' …..and 2 people have ticked you up .why don't you listen to Sir Chris and seek some professional advice

Unfortunately, every bulletin board for a tanking share has people who repeatedly tell everyone they are topping up ( usually on almost a daily basis :-)). “It’s a great price to top up”. Bla bla bla

My sceptical side tells me it’s BS most of the time, done for obvious reasons which I don’t need to explain.

Just out of interest (genuine question) how much did Sxx pay for the asset?

Honesty, I would love to see a bid of 50p, but I can’t see more than a 10p bid when the price is this low. It will come down to what other finance options are available. If we have lots of options then we can push back. If it’s a take it or leave it offer then people will take it versus the alternative of going under.

LOL - someone beat me to it....