Member Info for TimmyTradeface

I'm not sure there are any rival bidders at present but it does make you think; Seafox are currently locked out of negotiations because of their no-increase offer, but a potential rival could come in with a much more sensible (but still cheap because of the current climate) offer that shareholders are more likely to accept. What interests me is the sudden volume - the stock has seemingly seen less than 10 trades daily and barely fluctuated in price over the last few weeks yet today it seems there were 60 trades and the sp has risen back over 11p. I'm not sure if this is a sign of anything significant to come (but I hope it is...).

It's completely great if you sell into their rise - sadly it seems to lure in unfortunates who get stuck with a high average.

Less. Looks like Spreadex have reduced their position.

Secura took over Novartis. Now I see why they want Midatech out of the picture. It looks like they're working on a competing product.

Im not sure. Both the conditions of the no increase offer and the 30% offer both seem pretty mandatory. I tried to find out a few weeks back which would overrule the other in the event both taking effect but I couldnt find anything. One loophole in the no increase business is that another offer can be made if the BoD of directors allows it; now Seafox have two members on the board could it be possible they could influence this, or would they need other directors to back them up? As GMS reappointed the directors that should have been removed, the Seafox directors do not comprise half the board.

Or is it seafox completing their 30%? I guess well find out soon.

The spikes have made this such a great stock to profit from, as long as you buy in at the bottom of them and make a point of taking profit. I do feel sorry for the high buyers (e.g major_buyer, God rest his soul) but my advice to anyone would be don't buy a stock that has suddenly shot up because, the chances are, you've already missed the party. The best thing is, thanks to the recent cash raise, the company can survive a lot longer; hopefully long enough for many more spikes!

Number 8 on the top risers chart at time of posting. Hopefully this will draw some attention...

In the news article: 'Seafox, a global offshore jack-up company, was "pleased to note the support" for its resolutions...'. Yeah, more than half the support was them alone! I bet they'd have been mortified if they'd accidentally voted against their own resolutions.

I would guess it's something to do with Goldman Sachs.

I believe he types using his face, so not a bad effort. Definetly him. I'm not sure what 'woting with 2 gloale phama's' means, but it sounds highly encouraging. Can't wait for those majaor trail results.

Maybe a last ditch attempt to win more favour. I can only guess it will be positive otherwise it would be foolish to damn themselves just before the gm.

I kind of miss major_buyer now he's gone. The bb is certainly a lot quiter... I need to ask him why we're not at 150p yet (p.s that 160k buy was probably him). I can't accound for the little uptrend towards the end of last week, but I do feel this will inevitably touch 27p. As the weeks go on, the bored will sell up. What we really need is another dose of good news.

My first sentence should have read 'If the parties that coincidentally voted the same way vote in favor of the Seafox resolutions...'

If the parties that coincidentally voted the same way (apparently Seafox provided sufficient evidence to prove the parties weren't acting in concert, but I still don't buy it) then I don't think there's any chance of stopping the resolution going ahead. The question is what happens when the two new members join the board? With the GMS board going 'against shareholders wishes' and retaining two of the members of the board who were voted out, then the two new board members would be the minority (I think Seafox's original plan was to shrink the board so their nominees would form a larger proportion). The best case scenario is they actuall honor their word and help the company in the best interest of shareholders, failing that they allow Seafox to make another bid at their highest price paid (22p) and the worst case scenario is they try and sabotage GMS to devalue it. All IMO, DYOR etc.

For the most part, he's messaging himself. He's down a heck of a big % and trying to reassure himself that everything will be ok and wants other people to agree with him to make him feel a bit better. It reminds me of a quote from Unseen Academicals, the character 'who believed in truth via repetition'.

Aha, major buyer's true identity is out. I knew he was a Goldman Sachs employee.

How is that deramping? I'm basically saying I hope the price rockets so everyone can enjoy some profit. And I don't think the last one was a pump and dump, I know it was - I called it before the price even started falling back down. Why do you think the price shot to 80p then plummeted back to the 30s? (I'm saying this to your hand by the way, because your hand probably has a better understanding).

Great post as always Viv!

Hopefully it will trigger another pump and dump...