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Same here. Got a price of 8.3. I wanted to round up my holdings.
Just for anyone not watching the chart right now.
https://i.imgur.com/OdR3SMQ.png
Looking good so far. Bounced off the support level around 7.1 and shot straight up. If we can break through 8.4 - 8.5 then might break the downtrend. Fingers crossed
Unfortunately investing in stocks might be easy but understand everything else that goes on is like rocket science. Got to put the time and effort to learn and understand while been punched in your wallet for any mistakes you make. Think many people here are trying to understand this beast right now. Myself included.
Give this a read.
https://www.growthbusiness.co.uk/what-is-a-cash-shell-1047072/
Doesn't really matter if Dbay owns 51% or 100%. They still have the controlling stake. Dbay will want to see as much return as possible. They did save ESL once before back in 2014 so I can't see them not doing it again. The banks always only look after themselves as they just want their money.
Multiple reasons really. Lack of any news is a massive one right now. I wouldn't want to take a guess maybe if the 7.3 price holds or maybe around 5.3 - 5.6 lvl. Best to keep watching right now.
They will issue an update when they feel it's warranted. I can imagine that they are been very careful and doing their due diligence before they give us an update. They probably don't want a repeat of last year and neither do we as shareholders.
Nearly at the 7.3 support level from last month (18th March). Hopefully, it will hold but if not then it might go all the way back down to the 5.3 - 5.6 levels.
That might be true. Can't imagine it been extended too long if that's the case. Either way, both options should be beneficial to shareholders in the long term. Right now the only thing anyone can do is wait and see what happens. I'm more than happy with sitting and waiting to see what happens in the long term.
The Company has been informed by DBAY that, following discussion with the Company's Shareholders, DBAY intends to provide the Shareholders with the opportunity to participate in an economic interest of up to 49% of the PIK Facility as soon as reasonably practicable (and in any case within 6 months) following Completion, simultaneously with, and conditional upon, the conversion of the Company to an investing company for the purposes of the AIM Rules, with DBAY appointed as the investment manager. It is currently intended that such participation will be funded by way of an equity raise by the Company, the proceeds of which will be used to acquire up to 49% of the then outstanding Loan Notes (or an equivalent economic interest), including all amounts of accrued interest thereon. This will align the economic interests of DBAY and the Company's Shareholders, such that the Company and its Shareholders can participate in the interest accruing on the Loan Notes.
Just a little read of the Circular & Notice of General Meeting from 20th Nov last year.
In the end, DBAY will have to do something as the clock is ticking. They will probably go down the reverse takeover route which won't be the first time it's happened with ESL. It's how the original company got its listing without an IPO many many years ago. I'm guessing they will try taking over whoever owns the main business.
Not sure. The main exchange website has it down only 2.15% but still could change if there are any aftermarket orders.
the SP goes up?? how is that even possible. Sell orders only partially been completed??
@bunsenburner123 Right now no one exactly can say with certainty. I'd take a guess at either next week or the end of the month. But again that's just a guess. We won't really know until it just happens.
@_traveller Whoops. Kind of missed that. XD
As the saying goes. Getting impatient means you make bad decisions. And people spouting the same lines like a broken record isn't helping either. Day traders have this stock over the barrel right now. The spreads every day just show that.
Regardless if this is a cash shell. Any good news will make the SP go nuts. Same goes for no news or bad ones. And we will get some news regardless of what truth says. aka with the director RNS update or the statement regarding COVID-19. They can't stay tight-lipped forever.
Don't follow???
It must be LSE's premonition about where the SP is off tomorrow. XD
If he is selling then it will be slow and steady. No way will he dump everything in one go. Probably take a pause at times as well to let the SP rise and then resume the selling. Same thing companies do on share buyback. Buy shares over a period of time to take advantage of any price drops and average out the price in their favour.