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SPS Superscape

9.90
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Superscape LSE:SPS London Ordinary Share GB0008636127 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 9.90 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Superscape Share Discussion Threads

Showing 40426 to 40449 of 40750 messages
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DateSubjectAuthorDiscuss
04/3/2008
11:49
HoT,

They don't clarify the difference between the offer being declared 'unconditional' and 'unconditional in all respects' though.

The way Glu has phrased things, specifically and generally, has been to encourage holders to accept sooner - although those that have, must now wait.

edmondj
04/3/2008
11:35
HoT

So someone has actually contacted the FSA. I've been asking about this for weeks. You may recall my theory that authorities etc will do nothing unless they have a certain number of complaints. I worry that one complaint will be seen as sour grapes from a disgruntled shareholder and so ignored.

Do you think it would be useful for you to make your letter public so others can paraphrase it and send to the FSA (address and contact too please so we can all hit the same target). I don't have a lot of money at stake (my last purchase was at 10.5p) but I feel very strongly about Directors potentially abusing their positions (often with the collusion of the Wise) in order to stuff the PI. Of course in this case the Wise are taking a kicking too.

I just want to know the embedded numbers if nothing else (way too much of a coincidence that the 18th Jan RNS mentioned the possible sale and the FUD of disputed numbers).

I think it is telling that there has been no mention of what will happen to the board after the takeover - lucrative posts in Glu presumably.

If nothing else it would be nice to give them all a bit of a fright.

srsm
04/3/2008
11:18
To be fair, EJ, the latest offer update(for once!) makes it quite clear that there will be a period before the shares become illiquid when the offer can be accepted.

Superscape Shareholders who have not yet accepted the Offer are reminded that
since Glu owns or has received valid acceptances in respect of 77.0 per cent. of
Superscape Shares, Glu has the option (subject to the Code) to declare the Offer
unconditional as to acceptances at any time or to lapse the Offer at any time
prior to the Offer becoming or being declared unconditional as to acceptances.
If the Offer is declared unconditional in all respects, Glu currently intends to
procure that Superscape applies to the UK Listing Authority for the cancellation
of listing of Superscape Shares on the Official List and to the London Stock
Exchange for the cancellation of admission to trading of Superscape Shares on
its market for listed securities. Such cancellation of listing and admission to
trading will take effect no earlier than 20 business days after the Offer
becomes or is declared unconditional in all respects.

The cancellation of listing and admission to trading of Superscape Shares would
significantly reduce the liquidity and marketability of any Superscape Shares
not assented to the Offer and their value may be affected as a consequence.

If the Offer is declared unconditional as to acceptances, the Offer will remain
open for acceptances for a further period of not less than 14 days.

And my previous point made is that the offer becoming unconditional must happen before the company delists.


HoT

helen troy
04/3/2008
10:51
on its way TBH
gmb
04/3/2008
10:45
send me an email gmb thanks
the bounty hunter
04/3/2008
10:44
abc,

You can see, by the way Glu blurs the issue of when shareholders might face an illiquid investment (to panic them into accepting) relative to the Takeover Rules, that this lot will cut every corner to get the deal done.

Unfortunately for them it's back-firing because it just makes enough shareholders yet more indignant, not to be treated as fools.

edmondj
04/3/2008
10:40
TBH you mean the email on 26th where you used the word 'may'? but did you?
gmb
04/3/2008
10:38
Hot...I suspect the Q3 revision will show more revenue not less, but KR has held that information back as insurance against a (hostile) competing bid - he clearly only wants to sell to Glu for whatever reason.
abc125
04/3/2008
10:30
Hot.....it ain't over 'til the fat lady sings!
abc125
04/3/2008
10:17
I don't know about fraud, but I suspect some very sharp business practice.

I have referred the lack of clarification on Q3 numbers to the FSA. These are numbers for the quarter ending October 07 and should surley be available now. If anybody has been told these numbers, then all should be told them.

Cash went up at end of Q3 regardless of the Q3 numbers, so I don't see a case of 'never making a profit'.

This one may still surprise(admittedly a long shot), as long as GLU don't go unconditional.

HoT

helen troy
04/3/2008
10:12
gmb/srsm - did you get my email last week.
the bounty hunter
04/3/2008
09:49
Hi TBH

But I assume all attempts to save the company have been shelved?

Did you decide that calling an EGM with 10% would not be viable?

I wonder how many still here suspect we may be the victims of fraud? It all looks very suspicious (sale during a bear market and credit crunch with the mobile embed numbers oddly in doubt but unexplained 7 weeks later). But perhaps KR is doing us all a big favour knowing that SPS would never make a profit.

Cheers

srsm
04/3/2008
09:00
You still holding TBH?
gmb
04/3/2008
08:56
SRSM - still around
the bounty hunter
04/3/2008
08:48
Are Trojan or Bounty Hunter still around?

I assume you have both given up.

srsm
03/3/2008
21:49
Paul,
If you hold in certificate form you will be on the shareholders register, that information seems to be available to many.
If you are on the register of any Company you must have had the mail drops from companies offering a report on that same Company, or the phone calls, all they are after is trying to flog you other stocks, but they get your details from the share register.

troutisout
03/3/2008
21:25
paul, do you have certs? if so, sps probably have your details.
1leigh
03/3/2008
19:26
Might be a violation of the data protection act ???
ride daice
03/3/2008
18:48
I just got a phone call from someone on behalf of GLU asking if I received the offer doc and sent it back. 1) How did they get my number and 2) What right has the person who had it to give it to a third party to pester me.
paul mason
03/3/2008
15:19
I agree abc. And when it is unconditional all those irrevocables are sold. But before it is declared unconditional, things can happen.

The question is, why did GLU not declare it unconditional today? They would get enough shares to take it private. They are perhaps reluctant to take it over if they don't get the 90% to compulsorily buy the remainder.

Are they going to go unconditional next Monday with maybe 77% or 78% of the shares?

HoT

helen troy
03/3/2008
14:29
Hot...once it is decalred unconditional, I don't think any other bidder can come in; and they could do that any time now. Probably next monday.
abc125
03/3/2008
14:19
Not if it comes out of the blue without warning (unlikely, I know). They immediately lose a lot of their acceptances, even if they make it unconditional.

HoT

helen troy
03/3/2008
12:48
helen - if there was the slightest chance of a competing bid then Glu would go unconditional and get the deal finalised.
hamsterwheel
03/3/2008
12:26
With respect HW, GLU don't know if there is any chance of anybody else entering the fray. Business is dog eat dog, as has been clearly demonstrated to all holders. If another bid is announced, and it is loose change to some of the players, then it is too late for GLU to go unconditional. A lot of their acceptances are withdrawn.

HoT

helen troy
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