Member Info for Toffers

StarBright, I know about the Whitewash Procedure, but at present, that does not appear to be in vogue, the who issue is about JD acquiring control which you mention yourself, and acquiring control requires 30% or more, whether alone or in concert, and I mentioned about in concert yesterday, with Holder having around 10 million shares from recollection.

Anyhow, fed up of arguing over it, lets see how it plays out, it might all be pie in the sky if there's no bid!

You have to bear in mind he needs to get it past the Board, as they will be out of jobs, and they will not recommend if too low. It will also very much depend on true valuations which assumedly the Board will requisition prior to notifying an offer. If he goes for it without requesting an extension, then I'd say £1.50 min, after that, who knows, it becomes a different scenario again. imo.

Then it starts dropping away. Have a look at the chart above.

D-B, it appears, as I see it to be £1.31 until 3 March.

JD needs to acquire control. He can only do that with the 30% or more so as to allow him to make a bid.

With 30% or more, the bid will be mandatory.

You state "If a potential buyer stays carefully BELOW 30% they avoid “acquiring control” too early in the process."

You are contradiciting yourself, because you are actually accepting in that sentence you constructed that at some point it will happen, by stating "too early in the process," and that therefore by definition, it is likely to happen at some later point in time.

I haven't argued against this, as I have maintained that at some point, if he acquires control, he will need to make the bid etcand have provided evidence of this.

All the press reports have indicated that JD wishes to acquire control, therefore he needs 30% or more, and therefore, as long as he has purchased shares during the offer period, which he appears to have done so, then he makes the offer in cash at not less than the highest sp in the previous 12 months.

That's how I read it and that's how I interpret it, and it appears you do to, but you are trying to confuse matters by putting in the rider "too early in the process" but clearly accepting, by definition, that it is likely to happen at some later point in time.

I'll be the 'judge' of that when the bid comes in, if it comes in! and I have the professional knowledge on that! End of.

Enjoy Munichmann, and see you tomorrow bright and early xx

1) you have not provided the evidence, so stop preaching at me.

2) I've just provided a screed from burlingtons legal about mandatory offers, it's there in black and white.

In the bin, I find you totally condescending and you pontificate when you don't provide links to back up the assertions you make.

Filtered.

Thanks Atisha :) xx

StockCheque I don't know if this is him? I know someone posted a link about him yesterday I think but I didn't bother to open it, but just had a look on the web now and saw this;

https://www.advisorhub.com/morgan-stanley-recruits-manhattan-manager-from-ubs/

I had thought it might be Farrell too. He appears to be a man on a mission! :)

The good news Munichmann is, wait for it, ..........

my coffee has arrived, so I'm ready to go again tomorrow :)

Enjoy your evening, you missed very little other than a rather large buy reported after hours that's got everyone excited!

As stated previously, according to the share chart above, the highest price paid in the last 12 months is £1.31 on 3 March 2023. JD currently has until 1 March to put up or shut up if you pardon the expression! That deadline can be extended following consideration by and agreement of the TakeOver Panel.

You can transfer shares to a family member, children, and/or a friend ny filling out a stock transfer form. If it can be done in a divorce, so why not here? Jade is entitled to buy shares in the company or to have shares already existing in the company and if she wishes to transfer some or all to her husband, where exactly does it state that she cannot do so? Please could you reference where it spefically states she can be estopped from doing so? Would be good to see where exactly this is stated please instead of just preaching at me but providing no evidence.

"The Takeover Code serves as the primary framework governing takeover and merger transactions in the UK. Here are some key points related to takeovers and share transfers:

Regulatory Framework:

The Takeover Code applies to takeovers of companies with registered offices in the UK, Channel Islands, or Isle of Man.

When a buyer acquires “control” of a target company (usually by obtaining 30% or more of the voting rights), they must make a cash offer to all shareholders at the highest price paid in the last 12 months.

Mandatory Offer:

A buyer who acquires “control” of a target company is required to make a mandatory cash offer to all shareholders.

The offer price must be at least the highest price paid for shares in the last 12 months.

Threshold for “Control”:

The Takeover Code deems a buyer to have acquired “control” when they hold 30% or more of the voting rights in the target company."

source: burlingtonslegal.com

We don't know of course if Jade is buying shares on the open market, and she can then transfer the shares to her husband which could also be advantageous tax wise. So JD might well have crossed the 30% easily in effect, but it won't be announced until such shares are transferred, if that is what might be happening. The alternative is, as I mentioned the other day, that Holder has enough shares, and so he could act in concert. please feel free to correct me anyone if ive missed something about this.

Steward1 you are right about those single digit trades currently appearing, the same thing happened last week when the sp suddenly plummeted, let's hope it doesn't plummet this time. They are desperate for shares, if everyone can just hang on, they will have no option but to either raise the sp or try a flash crash. I'm hoping a holdings or bid rns catches them out!

Got 6 packs coming by 10pm (no, not 6 pack!), can't come soon enough, neither can JD, if you'll pardon the expression :) xx

One pod left! :(

I'm running out of coffee and amazon is by 10pm tonight. I can't wait amazon, I need it now! Alternatively, Julian, can you send some over please? pretty please? i am desperate! and it's your fault for keeping us waiting this long! :)

MMs short on shares again, who the hell is letting them out?