Superscape Share Discussion Threads

[trojan] 07/3/2008 18:33

Not happy one bit but it is time to move on methinks.

I hope that everyone has better fortunes when they re-invest thier money from the offer.

Good luck all. :(

[legate] 07/3/2008 17:50

"Greg Ballard, president and chief executive officer of Glu, commented, "We're delighted to have declared the tender offer unconditional and to have formally joined forces with Superscape and its talented management and employees. Indeed, Superscape's numerous positive and unique attributes will complement and bolster Glu's already strong market position in the mobile games market. We're excited to move forward."

Any comments on the 'talented management" accolade?

[nicandy] 07/3/2008 17:39

Can the tax loss be used only for share profits or can it be used against your normal tax code?

[helen troy] 07/3/2008 16:23

yes, you have six years to inform the IR.

HoT

[ride daice] 07/3/2008 15:52

I think they are indefinite so long as you register them with the IR in good time.

[abc125] 07/3/2008 15:49

Any one know if capital gains losses carry forward into the next year?

[gmb] 07/3/2008 14:48

It certainly is more than a bit of sharp practise, thats for sure!

[ride daice] 07/3/2008 12:19

I doubt that he is ready to retire yet. He has missed out on a few million that his options might have made him had he and co. created rather than destroyed shareholder value. Therefore I'm sure he'll be keen to catch onto the next scam.

[helen troy] 07/3/2008 12:12

Also they probably have KR as an employee.

HoT

[ride daice] 07/3/2008 11:33

I wouldn't want to invest in Glu. I don't like how they've handled this takeover.

[abc125] 07/3/2008 11:26

Any one thinking of buying Glu shares? Well if you can't beat 'em, join 'em!

They debuted at $11.50 and are now around $4.50, throw in the exchange rate, and it might be worth a punt. I expect the £/$ rate to drop to $1.75 by the end of the year, so you could make a bit on the currency affect on top of any capital appreciation.

Shameful behaviour by Kevin Roberts.

[helen troy] 07/3/2008 11:19

Legate, that decision is basically because I now expect GLU to get over 90% so I don't think the option will arise.

HoT

[legate] 07/3/2008 11:05

Offer declared unconditional in all respects as forecast by me yesterday, but I said next week so I was a bit out on that.

I see Helen Troy seems to have very quickly abandoned the idea of holding shares in a private company called Superscape owned by an American company called GLU, very wise decision.

[edmondj] 07/3/2008 11:00

It's morally Shameful whichever way you look at it. The only way selling out now for 10p can be justified is if there is no worthwhile future... in which case the repeat announcements about progress being 'on track' were BS, merely to appease shareholders.

[hamsterwheel] 07/3/2008 10:45

All welcome on my Phorm board - another company that could take over the world but is hugely risky ! Doing well for me though.

[abc125] 07/3/2008 10:43

Thanks troutisout. Any one else got some investment ideas?

[ride daice] 07/3/2008 10:41

Hammy. My sentiments exactly. In my opinion Morality should be a prerequisite for the boardroom, not an impediment which clearly these guys think it is.

[knowing] 07/3/2008 10:35

Fun in the respect that there are some good posters on here and it was fun chatting with them.

[hamsterwheel] 07/3/2008 10:20

Almost as much fun as a free round of golf at one's country club

[pickymicky] 07/3/2008 10:18

fun in what way ?

[knowing] 07/3/2008 10:13

Yes fun while it lasted.

Good luck everyone.

[helen troy] 07/3/2008 09:56

Looks like the game is up. I can't think of anything else to do. Many thanks to TBH for putting up a bit of a fight, and for all the posters on this and the previous board.

As a last act of defiance, I have put my holding up for sale with a limit price of 10p!

Good luck to all in whatever you turn to.

HoT

[helen troy] 07/3/2008 09:52

abc, you will get it quicker.

Settlement of the consideration due under the Offer will be effected on or
before 20 March 2008 for Superscape Shareholders who have already validly
accepted the Offer. Settlement for Superscape Shareholders who validly accept
the Offer after the date of this announcement will be effected within 14 days of
receipt of their valid acceptance.

HoT