Plantic Technologies Share Discussion Threads

[wskill] 29/7/2010 10:03

Will not be selling at 7.25p even though I only bought yesterday can see this being taken out by another bidder ,do not think there is any premium in the bid price PLNT has $9.2 million in the bank at the 30th of June and a market cap of £5 million no better to wait and see.

[skidaddle] 29/7/2010 10:00

It wouldn't surprise me if the bid offer is set at a price which would positively encourage a counter offer.

[argy2] 29/7/2010 09:24

If you bother to read the thread he has admitted being wrong. But will EK?

[lex_vandam] 29/7/2010 09:13

FQR714BHP - 28 Jul'10 - 13:59 - 748 of 803


...."This is heading for 1p.".....

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Cash offer of 8p made for the company.(PLNT)one day later.

LOL

[skidaddle] 29/7/2010 09:02

In situations like this holders should sit tight and see if there are any counter offers. There could well be. This isn't a knock out offer price IMHO. But the company is now in play.

[skidaddle] 29/7/2010 08:57

Hmm....not a bad days work yesterday.

[denc] 29/7/2010 08:53

oh dear - shafted

[themoneymonster2] 29/7/2010 08:48

Might actually be worth buying a few more just for a counter offer. Can buy below GM's bid so no downside. Maybe no upside but who knows.

Wonder what EK thinks.

[themoneymonster2] 29/7/2010 08:44

kooba, there is but currently PLNT have 6.5p of cash so GM getting them for 1.5p, or £1.2 million. It's a bloody disgrace.

[kooba] 29/7/2010 08:43

maybe matrix found no appetite for an equity raise as without some meaningful contracts quickly the company still was burning at a fair old rate and there was not choice but a bail out offer by largest holder..which is probably the case.
oh well there are worse senarios.

[romeoandjuliet] 29/7/2010 08:42

looks somewhat underhand. Unfortunately the Directors were having no luck fund raising elsewhere and took the easy option.

The Directors will be staying on and be appropriately remunerated for their support.

Will be interesting to see if any counter offers.

[greengiant] 29/7/2010 08:37

Well done to those that have recently bought
Condolences to those you have held for a while.

Can't see how Matrix think it is good,

gg

[fqr714bhp] 29/7/2010 08:35

I still think this stinks of rotten eggs!!!!!

[fqr714bhp] 29/7/2010 08:34

Directors bought in at 9.2p???

I can't see how they can be happy with 8p???

[themoneymonster2] 29/7/2010 08:33

Doesn't really matter what the directors think is a good offer as they don't own hardly any shares. Certainly not enough to sway the vote.

[lfc4ever] 29/7/2010 08:32

kooba's point is the right one- fundraising would have been at a penny or below.

[themoneymonster2] 29/7/2010 08:23

wathout2

Are them 250k still available at 4.76p? lmao

[themoneymonster2] 29/7/2010 08:21

robson1974 - 29 Jul'10 - 08:20 - 788 of 789 (Filtered)

Shout up I can't hear you?

[kooba] 29/7/2010 08:20

agree with your points dr....but unfortunately i don't think this management would have been able to raise the funds required at anything but highly dilutive levels therefore taking out much of the upside for long term investors.
fairly typical aim technology developement co...floated on too high level of expectation and raised too much money...then spend a few years with management feeling really wealthy and pots in the bank...series of disappointments and inability to effect meaningful commercialisation..run out of money and find out the goodwill all used up and nobody wants to fund the next few years of farting around...go bust and technology bought out or get taken over at derisory level relative to r&d and potential for new owner to run it properly at an inflexion point and take the upside.

[robson1974] 29/7/2010 08:20

LOL PMSL

I did warn you muppet, the cash burn is the only 'growth' part of this business.

[themoneymonster2] 29/7/2010 08:17

the_doc

Exactly, hold on to your hats here. I bet we will get closer to 15p by the time we are finished. GM trying his luck, and who can blame him.

Directors going to support the bid? They paid bloody 9.2p for shares not so long ago so I think that is the minimum we should get!!!

[the_doctor] 29/7/2010 08:09

'The above recommendation and intention to vote in favour of the
Scheme are subject to the Company not receiving a superior proposal'

that could be a nice result
National Starch may just go for it.