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Alternatively get the fca involved. As something is very wrong here inmv. By the day it becomes murkier inmv.Had there not been a dilution on this scale i would not be so concerned,but something doesnt feel right about all of this. All i know is that once this offer emdeds and unless the share price recovers to at least three pounds i will be out of here. Much too many negatives for me now.

if they backed to bod before and increased during the kistos offer. Then it must be odds on that they voted yes . why wouldnt they ?

Not forgetting some nice gas deal signed up with the ruskies by whichever commy party that would be representing us by then

What concerns me is that if a counter offer came in with the share price as it is. What would be stopping the bod not informing all shareholders about this offer. As they could simply say that it was insufficient and reject it out of hand. There argument could be it is not in shareholders interest as it may only value Serica at say three pounds a share.

If they can then they would have to launch a bid. Which my understanding is they cannot for eighteen months, but by then the share price could be below two pounds so they could end end up buying the lot a cheap rate. Maybe this has been the plan all along

I think Newkotb is making the point that we were lead to believe by the bod that a better deal was on its way. Well it now transpires that this was not the case.Unfortunatly which ever way you look at it . It is not a better deal.inmv

Newkotb
It still anazes me that the largest holder together with institutions apear to like this deal. Once again why. If i was cynical they are looking at this as a tax write off themselves now, Also the dividend yield now must be in danger. Can you see them paying dividends yielding ten per cent. I cant. So i reel terms dividend payments will be cut to align with the share price that has now been created .

All i can say Banburyboy is
Wyatt Earp

Banburyboy. They cannot do this. If there is something and they have been informed in some way when the rest of us have not. Then they will go to prison on top of loosing everything which they may have worked for.

It is looking like the underhanded spiv brigade have conducted some long running deal amongst themselves.
A);B.p
B) The board
C) The institutions
D)The so called house brokers
INMHO This type of deal has been ongoing since BKR. Probably part of the BKR deal was that Serica must not sell out without the dirty brigade agreeing to anything. My opinion so do dyor,but I posted before they would not try this in the u.s.
I will be happy to get well out of this share now

i think this does need to be called. Personally i have never liked going to that extreme,but i am afraid this company is now being destroyed day by day. So there needs to be a change of tact. Which beggars the question as to why intstitutions are not furious about the goings on here.

without the deal we are now valued at one hundred and eighty million cash stripped out. columbus on its own must be worth that.
the sooner this is over the better now inmv. im tempted to dump stock to drive the price down and maybe force a predator out. it shouldnt take that many shares to drive this judging by the sizes that go through

why not go the full hog. 1.78 is more realistic. Anything below 2.50 will almost certainly attract a predator inmv. I know i would definatly be a seller with an offer above the three pounds mark as market conditions together with this tax has changed things , but you never know hmg may reduce the levy come the budget and summer months.

Also Merc will technicaly end up two hundred million of our cash balance due them having a thirty percent holding. That alone stinks inmv As you say it is some kind of reverse takeover. As posted many times by other posters. Why aren't the larger holders saying anything.

It's more likely to do with gas falling . Added to that seventy five percent tax. Apart from the dividends there really isn't much to like about this for the foreseeable future inmv. It does add a buying opportunity the more it falls though.inmv

Just say no .inmv , dyor,inmho.

What a load of dros by city spivs inmho.
I will de bag the lot of you.

Ps bs...rtd heads the lot of they inmho

There stuffed full of something. I.e over payed financial advisors and non ex director's.
Maybe not inmho, but some others opinion as well. Either way I will be out of this When in suits,but as you all like posting. Stong Sell inmho.

I forgot to add. Ladies/gentlemen/bisexuals/and those in the process of having a .ex change.
Great Britain were getting there