1. why do the independent directors think this is in shareholders interests? shareholders will get nothing. 2. all we need is people buying today to vote against the deal. only 25% needed to block it. About 15m shares in total. 3. block the deal, do a fundraise for holders, remove management and rebuild.
But no, they will somehow get it through. Those who want it to go through for their own gain will be buying the shares up for the vote.
For once shareholders should buy more and vote against to make a statement to this crook.
only 52.5m shares in issue, 60% tighly held, leaves 20m free float, last 6 days 15m traded. Sellers at this level about to run dry, SP has dropped from £2.50 to 6.5p, Strategic Review launched 3 months ago.
As was also announced on 8 December 2022, the Board believes that there has been limited liquidity for In The Style's shareholders for some time and that the current market capitalisation of the Company does not properly reflect the underlying growth potential of the Group which may be better realised under an alternative ownership structure.
SP was 13p on 8th Dec when this statement was released. Since then it has halved with no further news. IMO it will be back over that soon and much higher in a few months.
Personally I think today confirmed the big seller is done. That is why the sp has been dropping. It could go back up to a decent level for lth’s now. Imo, and yes I am new.
well, with $200m of funding it certainly wont be £8m.
We have to remember that 25% will be added for Valkor and probably a bit more for the funders. So imo Market cap will make its way to £60m at least (not in one swoop). But bear in mind the shares in issue will probably be in the region of 2.5b to 3b so my sp prediction is 2p to 2.5p. This will rise according to progress on production from the initial wells and start of the construction of the 5000 bopd plant. 3 to 5p is where I thing it will settle until production starts from the 5000 bopd plant.
The only reasons I can see it going higher than this are:
1. more wells being drilled and put to production. 2. The refinery deal progressing and being built. 3. Vivakor production and sand sales starting.
Who knows where the sp will be if some of these come good.
All of the above is based on the funding of course and securing the remaining 90% of TSH11