Member Info for Vrunk

China issued over 1 million patents last year. I would.imagine almost nothing is impossible to.either replicate, bypass or innovate. It's an operations centre not the cure for cancer

I work in telecoms. They've built an operations centre. I know people who would code this kind of thing. I suspect it will be a successful because it's necessary and mission critical for certain applications but it's not so difficult to replicate. I suspect there's a modest valuation coming up when it starts trading and that this will support TEKs investment model but I wouldn't be over hyping it

But with just a little more patience they'd get 20p or 30p

...unless of course there aggressive holding terms or vesting period

Dear SRA Complaints Team,

I am writing to raise serious concerns about Mr Alan Sellers, solicitor and executive chairman of Anexo Group Plc (AIM: ANX).

Mr Sellers has played a central role in overseeing a transaction whereby Anexo is being taken private by entities linked to DBAY Advisors. The terms of this deal are deeply prejudicial to minority shareholders: a partial tender offer at 60 pence per share is coupled with an option to exchange the remainder into illiquid, non-voting private instruments (loan notes or B-shares). These instruments offer no clear path to exit and strip minority investors of liquidity and rights.

There is no meaningful control premium, and the transaction was effectively orchestrated by a board chaired by Mr Sellers — who stands to benefit while minority holders are left with no practical recourse. This raises serious questions about Mr Sellers’ compliance with his duties as a solicitor, particularly in regard to:

Integrity and independence

Public trust in the profession

Avoidance of conflicts of interest

Fair treatment of third parties and stakeholders

Given that Mr Sellers continues to be registered with the SRA, I believe his conduct warrants urgent investigation.

I would be grateful if you could confirm receipt of this complaint and advise whether the matter will be reviewed under your professional conduct standards.

Sincerely,

Xxxxxxx

Monitoring@thetakeoverpanel.org.uk

supportgroup@thetakeoverpanel.org.uk

aimregulation@londonstockexchange.com

ir@anexo-group.com

mna@shorecap.co.uk

info@dbayadvisors.com

Not all of this worked but the main regulators did. We need to make a lot of noise and they may be forced to better the offer

Dear Sirs,

I am a shareholder in Anexo Group PLC, and I write to formally object to the proposed takeover by Alabama Bidco Limited, jointly controlled by DBAY Advisors, Alan Sellers, and Samantha Moss.

My key concerns:

Undervaluation: The 60p offer represents a clear discount to historic prices and the previously mooted 80p, constituting a take-under.

Conflict of Interest: Executive directors are buying the company they manage, directly contravening the spirit of Rule 21 of the Takeover Code.

Lack of Competitive Process: There is no evidence of an open auction, depriving shareholders of a chance at fair value.

Delisting Coercion: With majority control secured, the process is removing shareholder protections and oversight, without genuine alternatives.

This process undermines trust in UK markets and damages shareholder confidence. I call on:

The Takeover Panel to investigate breaches of Code obligations

AIM Regulation to delay or challenge the proposed delisting

Anexo's Board to account for their duty to all shareholders, not just those within the Bidco consortium

I am outraged that senior executives believe that they can execute this kind of insider-engineered transaction at the expense of minority shareholders without offering any meaningful recourse or redress.

I call on the takeover panel to investigate breaches of code obligation, AIM Regulation to delay or challenge the proposed delisting and Anexo’s board to account for their duty to ALL SHAREHOLDERSnot just those in the bid consortium.

Sincerely,

xxxxx

So, DBAY has concocted a vehicle to buy out Anexo at a significant discount in a stitch up of minority shareholder interests by a joint CEO bringing into question their fiduciary responsibility

Weird. The management appear to have put in a floor which left my trading app hunting around. So as far as I can see the bid hasn't been withdrawn: it can still be completed by 5pm but they appear to be attempting to anchor expectations.

Capiot

Small change

I asked Chat GPT to estimate the value of 2.08 million tonnes of tin (59 bn) and the potential income streams and share price given historical figures for mining....just for fun. It gave a value for 200x for the investment :)

Are we ready for yet another damp squib

It feels like a game is being played to manipulate the price. If the bidding consortium holds on then they can potentially disrupt the price lower, or at least signal that and game the negotiation. I cannot imagine that DD cannot be completed in a month and negotiations partly in parallel. They must have already established a plan when they entered discussions. As many others have signalled this is completely irrational. It's a growth stock. If they pull out then you will recover the value from growth. If they buy then you get an upside over the current valuation.

This is a can't loose in my humble opinion. You buy in and get either a growing share or a premium if it's bought. What's not to like?

?

Great, unless there's a dilution of some kind

What a shame he had to bend the knee to the E S G. I shall take the divi and probably move on

Simon Thompson keeps tipping this share and I am sure its a good long term play but every time I invest I wait for it to raise, which it does and then the bubble is burst by the firm itself. I'm sure there's a lesson...take the money off the table but I am not alone in finding this quote an irritating investment...the only way that I can best describe it

It feels more like human behaviour to me....a whole load of long investors, like me, saw the spike due to SALT and took profits. It all depends on whether you believe in the underlying investment thesis.