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The notion that customers with a conscience should donate to an appropriate charity to support workers who become unemployed is misguided. It's the company who should be paying up.
I agree it looks too good to be true and it probably is but those of you who like me are very long in the tooth and short in the wallet after decades of mistakes might care to rememer the story of BSST (BlueStar Secutech).
They went private in 2013 and offered 2.5p/share when the sp was a little over 2p at the time . Naturally, most people took the tender offer. I didn't and I can't remember now why not. I had a £2.5k stake at that time.
Well, 5 years later I received a payout of around £12k and 18months after that another one of £17k as the holding company sold off its assets and distributed proceeds to shareholders - presumably mostly themselves!
So you have to ask yourself - are you feeling lucky?
With only £240k cash left after their investment they have left themselves a bit short so I wouldn't be surprised if they announce a placing next week. And guess what - all the placing shares were forward sold to the people who paid 40p+ today. Hope I'm wrong.
Would someone kindly do me a favour and identify the poster between Zenit at 12.06 and Shaa at 12.08? I have so many filtered and it seems you can 't toggle between filter on and off - you have to just change the status one at a time. This really is a terrible site for user functionality!
Thanks
Apologies for this but I was wondering if anyone out there knows what if anything became of BluStar SecuTech (BSST) who delisted way back in 2013 I think. I was just trying to tidy up my portolio of scraps for my tax return!