Member Info for You_Having_a_Laugh

"At these prices" says it all so could well be trawling for a seller at volume else the price will only go up so its no longer "at these prices".

It looks clear DBAY are stalking Proactis and have laid out their table. The more shares they pick up down here the cheaper they will get the business.

Proactis management need to get the share price moving upwards pronto or see the business go private at the first opportunity DBAY have. The recent presentations had no impact something else needs to happen to get buyers interested. PHD might not be listed 12 months from now.

If he wants in at volume , and someone else wants out, they will meet at a mutually advantageous price and that may be going on now behind the scenes.

OK, Craig Slater then.

Me, a fair few Russians and 6M others.

The CFO wouldn't have bought recently if he was aware a bid was coming soon.

Would be useful to know how they stumbled across this issue and if it may have been due to DD by a 3rd partly. Someone blew a whistle. Fact is the cash balance reported adjusted an unadjusted remained the same and will until a final clearing of outstanding payment amounts is made.

Hard to argue with cash.

Sooner it is sold on the better.

Major shareholders will no doubt be consulted on return of capital process and the iimplications to them in terms of tax etc. Personally, overall shareholder yield is the most important metric. Whatever increases the market cap the most should be on the table as the method for returning value.

A progressive dividend will most likely start very, very much below 7%.
Taking the float down can compound multiples (eps etc) going forward that feed into future valuations if the company is sold on.

Paying out £3M will just lead to a drop in market cap of that amount. Lower sp and a % of it go straight to Tax.

This investigation is closed having looked into the specific contract and having discovered two other issues. It is done with.

Any further announcements would have to be under another new investigation.

The further announcement(s ) relate to return of capital and other matters, not more misallocation of revenue, investigations etc. If there is another then Guy E should head for the door too not having overseen this deck clearing properly.

Very strange.
As if message went out "easy pickings" available.
Very unusual there are so many in sequence in the same company over such a long period.

Being any form of director and then posting on the PBB, even years later, doesn't come across as very professional nor a sensible thing to do.

If we can just get someone straight and sober in the drivers seat it will be an improvement worth buying into.

This company has been able to attract some real weird types into management.
How the hell did no one cry BS sooner or smell the rats?

Real results are the only way to get many excited enough to invest here. Revenue alone won't do it. They could have a massive total available market and grow revenue quickly but if you can't make real money from it you don't have much of a business.

What if reconciling those grievances results in a substantial transfer of cash should any underhandidness be shown to have occurred?

Channel management might have gone too but no need to announce that change.
Onward now, cash in bank, profitable business and so on.

Well, if there were any sales bonuses as a consequence of this can that money be reclaimed or taken off any exit package cost?

DBAY get whatever they want. Buy the company or the value of their shares go up anyway.

I watched the presentation and it was transparent. I guess big investors want to see proof before moving in to PHD and most of us here already have enough invested.

It might only need the job short term if it can be bundled up and sold on.

So - We know for sure they have exited the company, not just stood down from the BoD???

Further from the business they are the better. P!ss takers.

My main concern now is have they been shown the door or only resigned from the BoD?

BoD resignation means some reduction in costs but little and there will still be 2 people on the payroll known to be less than careful.

This is a concern. Until out the door this will still have zombies hanging about.