Member Info for Wiggly

Are they still actively trading? They may now be 'insiders' directly engaged with the BOD and SIDARA.

Pedro,

With 100% upside potential (could be higher or lower) based on the 35p mentioned, seems to be a decent risk reward. Those panicking already out

???

Looks like. Must be a leak

Wow

$30m

That's 25% of existing market cap..

When was that?

Clearly major holders have zero confidence in the 35p being achieved.

Very worrying

Wiggly did an excellent fair value calculation, taking into account the debt. If I remember correctly, the minimum cheeky offer should have been in the £1.07 region, not 35p.

That's true, but that was before the board of directors recommended 35p.

The recommendation of 35p is a major red flag. It suggests the issues are much worse than have so far been disclosed. Even worse, they recommended 35p before confirmed bid.

Mrgonzo

They had no choice but to initiate. It was in dialogue with the auditors

Information was withheld from auditors. That's illegal

Someone has to be held liable for the false accounts and massive value destruction

Recommending 35p (prior to receipt of formal bid) and non engagement of potential new bidders is a red flag.

Seems unlikely that the deal concludes at 35p while trading at 18p?

Moved ISA funds in at 65p so I'm looking at a wipe out.

Dingo

The fact WG has not provided any clarity suggests its worst case .

How can they have let things get so bad?

The fact that they have now informed Sidara, prior to a formal offer, that they would accept 35p due to no realistic alternative, is a really pathetic negotiating position and we should all pray Sidara does not leverage this position to drive the price down further.

If no other bidder appears this is a disaster.

Surely a possibility that the big II reach out directly to PE with confirmation that they would accept 40p, 45p, 50p etc

Why no rights issue?

The BOD have signaled their plan to accept the offer, so all other potential bidders can decide whether they want to bid higher or not.

I doubt this is the best possible offer from Sidara, so lets see what follows.

Hos

So What’s Their Likely Plan?

1. Start low to test sentiment and board/shareholder reaction

2. Wait for rival interest to show itself (they'll have eyes everywhere)

3. Go higher only if forced — and do it fast to stay in control

They didn’t have to mention the $450m capital injection. That detail is meaningless to retail investors in isolation — but massively relevant to rival bidders who now know the true cost and structure of what they’re up against.

It’s an open invitation. No need for a formal auction — just a very public, very clear signal.