Syncona Share Discussion Threads

[neubie] 02/4/2012 23:53

Hi Q. Hope all is well.

SYNC still in play...I hope so for all those holding and that the play your refer to is a second bidder. I am no longer holding...though still interested. Am still awaiting some replies from the T/O panel to questions I asked not that it will make any difference. Was going to put some of my SYNC money into BLNX...glad I held off. BDC/H/O seem to be adopting the same tactic there as they did here...buying more as the share price moves downwards. Have to say they really do walk the walk.

Another RIM RNS..are they the play?

MattAB didn`t stay away long did I?!

[quilarvium] 02/4/2012 21:23

Rest...I thought you sold at 15 pence old chap.
Why are you still here???
Oh I forgot.... Even Big issue sellers are able to access the Internet these days, my what wonderfully exciting times we live in!

[quilarvium] 02/4/2012 21:20

MattAB.. BLNX manipulation in the finest form.
The city is filling the empty vessels with the cargo they are stealing.
Can't blame them it's more of a ram raid.
Infact it's imorral and corrupt... But we already know that.
SYNC...still in play.

[mattab] 02/4/2012 18:16

Certainly looks like this is going to the wire. Why has Nokia acted as it has - do they not want to exercise those warrants at 16 pence? Why has Fidelity pledged but up for a better offer if more than 15% higher they will break?

They want to sell Sync that much is obvious - will Myriad be the victor - more than likely?

Why are the targets in price - two at 20 pence - two at 24 pence - one at 32 and one at 38 pence when on Strategic Value we are valued at just over 13 pence of Myriad paper?

This close to the vote - the vast majority of time in these situations an articulate PI can state what % of the vote will Myriad have on the 4th.

Any estimates on the percentage?

50-75% perhaps? 75-90% or under 50%?

Over 50% is my guess but less than 75%. Point I am making is - this is so much (Sync) one on its own it is so difficult to predict.

If they had made a decent cash offer in the first place - it would be so much easier to predict. Still a massive amount of stock with ownership not ascribed to it in IMHO. A twist in this saga? Nothing would surprise me in all honesty.

[sharejock] 02/4/2012 15:05

Will new owner honour all serviceable contracts with existing customers or cheryy pick the ones they want? If cherry pick, what happens to the ones they don't want to service? Why are the service recipients not getting involved if only to protect their interests?

[restassured] 02/4/2012 12:33

Hallelujah!

[sdavis] 02/4/2012 12:27

Just accepted the offer: too late now for white knight.

[restassured] 02/4/2012 11:30

Myriad Chf 4.10

[mattab] 31/3/2012 20:58

GL Neubie/Pugshares in your endevours. Some would say walk away after selling but any holder of Sync over the medium term as far as I am concerned is more than entitled to comment.

Eggflip - indeed - well we will know in a few days.

Must admit would have thought that a W.K. if it were to appear would have done so prior to the 27th - 28th onwards and it is pledging to the only offer on the table at this time.

Even though many have had to pledge to Myriad - I wish for Sync been taken away from them at the 11th hour - with a bidder they simply cannot compete with.

Now that would make all us Shareholders beam.

Whether that will come to pass is doubtful but eminently plausable.

GL all Matt

[eggflip] 31/3/2012 09:21

neubie - good luck.

matt - 90% is the legal limit at which Myriad have to declare it unconditional, if they get less than that but more than 50% they can still declare it unconditional as they will have control of the company and can put in their own management. At 75% they can de-list.

It seems we are not the only British software company being sold off cheaply at the moment, though MiSys seem to have more chance of a white knight appearing

[neubie] 31/3/2012 08:04

MattAB...being relatively new to this t/o situation and getting a little nervous regarding the phonecalls, the financial situation SYNC seem to be in, the possibility (albeit small) of things going upside down/inside out I have sold the last 40% of my holdings for a small(ish) loss...I see the chance to make up the losses in a shorter time frame by re-investing in some of my other stocks than if I hold Myriad paper...time will tell.

GL to you all on here. It has certainly been interesting. I will continue to watch to see what happens even though some say once out one ought to walk away.

Regards,

neubie

[mattab] 30/3/2012 23:48

Q,

Good to see you back. Thought you would be - know you have had IMO unjustified grief from a few posters.

Lets hope you have come back to state I told you so - very soon.

O/T Know some ex Sync holders have gone into Blinx - despite whatever decent volume it is falling - MM walking it down regardless. Reminds me of Sync before that Transformational Deal and placing at 16 pence that the market was pricing in. Wouldn't be surprised if a placing is on the cards - certainly behaving like it. May have been better sticking with Sync - has held remarkably well - better than I thought with the mass exit of many and the wider market buying massive volume.

Anyway GL all

[mattab] 30/3/2012 23:33

Only when this goes unconditional (90%) is it over.

There is a massive amount of volume that needs ownership ascribed to it - fact.

Q - he simply could be correct - a consortium could make a BID and knock Myriad out at the last minute.

Interesting there was no retort from Sync following the Myriad out of hours RNS. I was half expecting one from Sync stating basically vote for the Myriad deal - the sooner the better this is wrapped up the better for all concerned.

But no, which I find interesting - perhaps this was a warning to another player that things are worse than first disclosed but unfounded?

Note the rise on Emblaze today.

Emblaze, a survivor from the dotcom bubble, bounced 15.7 per cent after it set out a revised strategy to license its video software to mobile phone manufacturers. The company also said that a legal action against Apple for alleged patent infringement could result in "substantial" damages.

From FT.com

Large spread today I notice and up in Canada.

Myriad is been shorted - Sync been bought on both exchanges. By RIM.


Merger Arbitrage:-

'With a stock-for-stock merger, an acquiring company exchanges its own stock for the stock of the target company.During a stock-for-stock merger, a merger arbitrageur buys the stock of the target company while shorting the stock of the acquiring company. So, when the merger is complete, and the target company's stock is converted into the acquiring company's stock, the merger arbitrageur simply uses the converted stock to cover his or her short position. '


Ask is 12 pence - paper Myriad just over 13 pence on paper and share price ranging from 11.5p-14 over the last month on vast volume (Sync).

Does that suggest Myriad will succeed or the opposite. Because there is no way I would be buying Sync for Myriad paper (potentially). But if 50% upside in the short term - well yes I would.

PI's do not know much - wider market does and volume is always the indicator.

Fat lass has not sung yet.

[zcaprd7] 30/3/2012 20:52

Well the Myriad guys look like smart gets! Might be worth holding onto the Myriad shares - still a bit miffed how all this turned out though?

[restassured] 30/3/2012 15:57

Bet they win first time round.

[oldtown] 30/3/2012 13:27

Well like it was pointed out weeks ago the Myriad price will/already has been walked down to make this offer worth less and less to those who have to sell the cdi's in a hurry.

[restassured] 30/3/2012 13:24

Crazy,I have pledged my stock rather than give in to the mm gangsters.

[neubie] 30/3/2012 13:17

Thanks eggflip...1 out of 2 ain`t bad. ;^)

[maurillac] 30/3/2012 12:54

lol 11p to sell !
m

[eggflip] 30/3/2012 10:33

neubie - yes, once you accept the offer your shares should be removed from your account. If Myriad is successful you should receive Myriad shares within 10 days of Myriad announcing the bid has become unconditional. If unsuccessful, Myriad can either extend/increase the offer (but this would require additional loan facilities to Sync) or let the offer lapse and give you your Sync shares back. If no-one else is interested in buying us, Myriad has now crippled the company and we would be in big doo-doo, unless Nokia were to be more financially supportive. AIMO

[neubie] 30/3/2012 09:32

Has to be said doesn`t sound correct...they give them back?!

[neubie] 30/3/2012 09:20

As far as I am aware once you pledge your shares are taken off the table and popped in a black box until a) the t/o completes and then they murf into Myriad CDIs (?) or b) the t/o fails and you end up with Myriad CDIs...I think that`s correct.

Open to correction.

[restassured] 30/3/2012 09:13

If you pledge are you able to sell?

Who is to stop you?