Member Info for WilyCoyote

' They wait until the board loses all control, let the share price crater, then step in to reset the narrative on their terms.'

But no one is stepping in here - no ii is attempting to reset the narrative on their terms.

'when it hits the bottom and starts to rise, close the shorts'

You miss my point - why are the shorters STILL holding?

The implication is - that they believe further falls are coming - shortly

Why are there ANY shorters left?

With the disclosed short positions almost consistently around the 5% mark since Dec 2024 - and the share price between 65-70p - they must all be sitting on massive profits - and yet they are mostly holding their positions.

'My point is , how can informed decisions on the SP and value of the company be decided by investors without this information and why are current lenders and a loan shark only privileged to view it'

I'm not sure when we get to make 'informed decisions' - but I'm not even sure of any timetable.

I think the offer has to be confirmed by 17 April - the shares will be suspended at some point - the re-stated accounts AND the outstanding FY accounts will be published - at some point - and a vote will be taken - at some point

It remains to be seen if the accounts HAVE to be produced BEFORE a vote - hopefully someone here will know.

Even if all the accounts do appear before the vote - how many of us will be able to review multiple years before making our decision? We are going to have to rely on the board producing accurate details in an RNS - for once

'They claim 35p is the “better option” yet they haven’t released the FY accounts, haven’t detailed the refinancing alternatives, and haven’t secured visible shareholder backing. The market clearly doesn’t agree either, trading at 22p says it all.'

Wow - so much opinion dressed up as fact in that paragraph

You talk as if publishing the FY accounts is being deliberately delayed - the board don't control that.

They can't publish the FY accounts - that task isn't completed yet - and has been delayed because they must reflect the state of the accounts previously 'mis-stated' - a task which is also outstanding

There is no evidence that there ARE re-financing alternatives - and the lack of options would definitely mean the Sidara option is the best option

As for ' visible shareholder backing' - do you have any evidence of visible shareholder rejection? - and no - the current share price isn't evidence - there will be several reasons for the drop - and the volumes aren't significantly high

The assumption that I - and others - are coming to - is that the financial situation is worse than previously thought

'@wily The only thing unsupported here is your blind faith in this board.'

Yet again - ANOTHER statement - completely unsupported by any data - facts - or evidence

I haven't given any support to the board - it is their incompetence that got WG in this mess

And they can't publish - what doesn't yet exist - the outstanding FY accounts will have to reflect the corrections to the previous years of accounts that were incorrectly published.

That doesn't stop the board from knowing just how bad things are going to be - but they can't say until it becomes official

As for the 're-financing options - who says there are any options? - Again you make assertions without evidence

'And it’s obvious they’re not even trying to get maximum value for shareholders'

A statement completely unsupported by any data - facts - or evidence

Only the revised accounts for the last 3 years (the history - as you seem determined to describe them) will tell the true state of WG - that - and the release of the outstanding FY accounts

'.set to continue for 90 days and possibly beyond'

The suspension will hopefully go - when/if the accounts for the last 3 years (the historical accounts - as some see them) are finally corrected - and the FY statement is released

The fact that is taken so long - is sending out a strong message that the financial state of WG is far worse than implied by the board

'Sidara offer is 85p per share'

No - it is NOT 85p per share SMH

' if activist investors get involved'

Who are the 'activist investors'?

What activities has there been from these activist investors in the last few weeks?

'What you on about, the figures don’t change'

LOL - what are you on about - and more to the point - what are you ON? - They are busy changing the figures right now - it's what brought on the catastrophic share price crash

'The Board has zero credibility'

And yet you rely on their statements - to defend your view - that's bizarre

Kando - some good points

And if Sidara feel the need to include a 450 million pound investment - almost half on conclusion of the takeover - the question no one seems to have asked - what does WG need that 450M for?

What financial pressures are there - that need a 450M injection into the company? It might even be something 'catastrophic'

'I don’t see how this can be painted as catastrophic when debt isn’t due until Oct 2026'

If the people holding that debt - have indicated they are not inclined to re-finance - that would tend to lean towards the 'catastrophic' end of the scale

And your first words in the post - 'I don’t see' - are the truest words you have said regarding WG - you might not see - but it looks like others CAN - and they don't like what they see

Thanks for the 3 replies to my question

What is never clear to me - when looking at ii holdings - is who are actual investors - and who are the brokers running nominee accounts for PIs - which clouds the issue

Sometimes it MIGHT look obvious - e.g Barclays Private Banking - mostly it is very unclear

'With almost 100% of shares owned by IIs'

Can I ask where you get that information?

The FT show approx 39% owned by institutions

Oh wrong quote

'I did warn people on here about UAE companies.'

Can I ask where you get that information?

The FT show approx 39% owned by institutions

'i did warn people on here about uae companies.'

given the current s****horpe debacle - i hope someone has warned this incompetent govt about these companies

Hopefully someone will keep us updated - as to when the shorters are due to panic