Member Info for Vardey

Where have you heard about the headcount cuts, Bighand?

Do we think there’s any near term risk of the business not surviving should the takeover or move to going private continue to be delayed?

I’ve found it’s been a similar situation for a while - very little opportunity to add shares. My guess is that in the process of taking this private, there are a few people responsible for building a large stake in the background. This would ensure they have the necessary support for the transaction to complete

Sizeable buys from HNW individuals, alongside seemingly very few people willing to sell

I don’t think it’s that complicated. I believe they will already know what the MBO price is as they will have had to gather the shareholder support and financing. They couldn’t get this done at sub 20p. In parallel, they are likely still shopping for a buyer

Side note, it’s been near on impossible for me to add shares over the last week or so. Follow the money

@Saab93se business booming on eBay compared to previous years?

Whether there’s manipulation or not, there’s still someone on the other side of the trade selling at these levels and this has been the case for months.

It’s not insiders and it doesn’t appear to be anymore institutional selling, yet others are still deciding to offload. I definitely wouldn’t sell, but what’s the buying incentive with no news?

Anyone attending the AGM? Do we expect any insight into the sale strategy?

The lack of communication since the sale announcement is bizarre

Could the leadership team be in some hot water at some point? SP has dropped roughly 70%+ since the sale news was ‘leaked’, then inexplicably 2 ‘interested buyers’ were named, both of whom denied interest within days causing the stock to tank

Talk about putting the business in a position of weakness, with no public statement on the sale since. It’s difficult to imagine a worse run sale process or strategy for protecting shareholder interests

I don’t pretend to know the answers, but it’s all very strange

Net assets of 12m and market cap of 6m is wild.

My guess is that there’s significant pressure from institutional investors to sell. However, there’s a misalignment between what the ownership believes the business is worth, and what any potential buyer is willing to pay. Something has to give