Member Info for winchpete

JD could have asked the Takeover Panel for an exemption from Rule 9. Maybe they refused.

The X factor here is JD. Will he really stand on the side lines and watch the company he created go down the toilet taking 26 million of his shares (worth £6.7 million at Thursday’s close) go with it?

@ Rock8

If the company issues equity that is all bought by JD, he can acquire 75% of the shares for a much lower cost e.g 10p per share rather than 79p per share. A 75% holding will allow him to pass a Special Resolution that the company must de-list. It is a perfectly legal way to take control of the company at a bargain basement price. Clever stuff!

@ .zstarz

After the events of Thursday, I don't think generosity to other shareholders is in JD's agenda. It could be a case of approve the highly dilutive issue of equity and de-listing and get a little or the company goes into administration and you get nothing. As the saying goes "when you've got them by the balls their hearts and minds will soon follow!"

I suggest there are some very pi—-d off people in this list who have been blindsided by JD’s seemingly aggressive strategy to obtain control of the company in a way that every shareholder, bar himself, ends up on the wrong side of the bargain.

Whether they will work in concert with other interested parties to create a Plan B remains to be seen. I am not holding my breath for a white knight to emerge.

For clarity, I should have said Takeover Panel rules regarding offers subject to the 6 month rule.

He still wants to take the company private but not in a way that would comply with Takeover Panel rules.

In my opinion the cynicism of what has happened in tbe past 2 months is truly breathtaking, Also, in my opinion, JD makes Mike Ashley look like Mother Theresa.

If JD didn't have any serious proposals, I don't know why the Takeover Panel allowed an extension.

My reading of the RNS is that he still wants to take the company private but not at a price the BoD or other shareholders will support unless they have a gun held to their heads!

As JD is so heavily invested and SDRY is his baby, I thought he would play with straight bat, not wait until the end of the extension period then quit. He is as bad as the other sharks in the business world IMHO.

UPSI = Unpublished Price Sensitive Information

No, thought not!

Somebody is trying very hard to keep the price pinned down. Any small rise is sold into almost immediately. Who benefits?

It might help the sp if the Directors bought some shares for a change.

The deadline is the 14th unless they extend yet again! So 60p or 85p is tomorrow.

I think Go ahead are just trains.

It seems that discussions are expanding to fill the time that is available. Based on the SGC interim results NEX might be expected to increase their offer.

This is because the company has stated it is involved in takeover/merger discussions. Large transactions in the shares have to be disclosed by RNS.

Come on NEX it is over 10 weeks since talks were announced. The uncertainty cannot be helping the sp of either company. It seems they are going to the wire once again. They cannot seriously think about extending a third time - can they?

I think it does.

I suggest the self-isolate until negative test result is unenforceable.

No need for panic. Portugal is just doing what a lot of other European countries are already doing. If you can't prove vaccination or a negative test you are not allowed in to restaurants etc. Masks are compulsory on public transport and indoors in shops and other enclosed spaces.