Darthter 542 Posted January 20, 2015 Share Posted January 20, 2015 Re Easdale ... that means he still has the power to block a "new share" share issue? Re "united good Bears" ... what price do they have to offer for the remaining shares (and would this have to be accepted)? Yes....The Easdales still have control of 26% of the vote. Offer price is the highest in the past 12 months (I believe). 52-week high is 35p. I don't believe that ANY shareholder is obliged to accept. 0 Quote Link to post Share on other sites More sharing options...
colinstein 294 Posted January 20, 2015 Share Posted January 20, 2015 I think the 3B's & King should officially unite, taking them over the 30% threshold & therefore forcing them to place an offer for ALL remaining shares. I am certain that there will be some shareholders out there that will happily sell. I think they already are united. Obviously don't want to be forced into offering 35p for every other share. 0 Quote Link to post Share on other sites More sharing options...
Darthter 542 Posted January 20, 2015 Share Posted January 20, 2015 I think they already are united. Obviously don't want to be forced into offering 35p for every other share. They are united in their desired outcome, but are not officially working together (concert party...) Stock Market rules state that once any shareholder crosses the 30% mark, they must make an offer for all remaining shares. By operating individually, they don't pass the 30% mark. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted January 20, 2015 Share Posted January 20, 2015 Yes....The Easdales still have control of 26% of the vote. Offer price is the highest in the past 12 months (I believe). 52-week high is 35p. I don't believe that ANY shareholder is obliged to accept. isn't it the highest price you have paid in the last 12 months? ie 20p 0 Quote Link to post Share on other sites More sharing options...
buster. 5,186 Posted January 20, 2015 Share Posted January 20, 2015 Good to see Rats deserting the proxy ship (if that's what it is). Not so good to see the 'block' more or less retain it's percentage stakeholding as it suggests they are for digging their heels in, but then it was always going to be thus. That said, I wouldn't trust that what has happened is how it seems. The Easdale block is a 'mysterious' place where there is a continual 'pea-souper' of a fog. 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,744 Posted January 20, 2015 Share Posted January 20, 2015 (edited) Working that hypothesis a little more, if they make that offer and some take it up, while others do not, what next? They increase their shareholding accordingly by all the shares bought for those e.g. 35p. That may give them more overall percentage and then that's that? You do wonder whether the good guys have tried to contact the institutional shareholders Easdale holds proxy over by now ... or anyone else out there, for that matter. Edited January 20, 2015 by der Berliner 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,723 Posted January 20, 2015 Share Posted January 20, 2015 Sons of Struth 4 mins · The wires are on fire today with now a claim that SE new shares were actually Greens share option shares, I am unsure of this however a quick club statement would blow this one out the water https://www.facebook.com/SonsOfStruth 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted January 20, 2015 Share Posted January 20, 2015 Good to see Rats deserting the proxy ship (if that's what it is). Not so good to see the 'block' more or less retain it's percentage stakeholding as it suggests they are for digging their heels in, but then it was always going to be thus. That said, I wouldn't trust that what has happened is how it seems. The Easdale block is a 'mysterious' place where there is a continual 'pea-souper' of a fog. At least we're not getting an announcement telling us the pirate ship proxy is a few percent heavier due to it's cargo of blue coin and that it's acquired bigger cannons and some muskets from Normandy! 0 Quote Link to post Share on other sites More sharing options...
buster. 5,186 Posted January 20, 2015 Share Posted January 20, 2015 At least we're not getting an announcement telling us the pirate ship proxy is a few percent heavier due to it's cargo of blue coin and that it's acquired bigger cannons and some muskets from Normandy! I'm hoping that the 'pea-souper' will have the pirates hit a large iceberg. 0 Quote Link to post Share on other sites More sharing options...
BEARGER 1,830 Posted January 20, 2015 Share Posted January 20, 2015 SE is not on the company board but we all know he is the main man and decision maker. That being said he buys shares while negotiations are ongoing with 3B, DK, Ashley, he therefore has an advantage over the rest of us "investors". Could this be insider dealing ? 0 Quote Link to post Share on other sites More sharing options...
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