|Visual Defence Inc.
||COM SHS NPV
||EPS - Basic
||Market Cap (m)
Visual Defence Share Discussion Threads
Showing 876 to 895 of 900 messages
|Cash back tomorrow then!|
|Taken from VDI circular:
Date of this Circular 19 December 2008
Latest time for receipt of the completed Letter of 3:00 p.m. (London Time) on 26 January 2009
Transmittal to deposit Shares under the Issuer Bid
Latest time and date for receipt of Extraordinary 11:00 a.m. (Toronto Time) on Monday
General Meeting Form of Proxy 26 January 2009
Extraordinary General Meeting 11:00 a.m. (Toronto Time) on Wednesday
28 January 2009
Last date Issuer may take up the tendered Shares 5 February 2009
Cancellation of Admission 8:00 a.m. on (London Time) 5 February 2009
Last date Issuer must pay for the tendered Shares 11 February 2009|
|De list == 7p Non De list could be BIG; Someone has to offer the guy who has supported the share price at least 18p a share for half his holding
I will be watching with interest, Next Monday ? is the the date|
|Just received an email from Barclay's stock brokers, "Hi Mr Welsh,I have spoken to the relevant department there who said that if Visual Defence are delisted then you can't trade your shares, therefore they will be tendered. Although, if the shares are not delisted then you will keep the shares. I hope that this has been helpful.". Now just got to sit back and wait, let's hope they don't de-list|
|With the collapse of the GBP; these are now worth MUCH more|
I've neither voted or sold.
I'm just wondering if there just going through the motions. i.e Once they have majority ownership (which seems to be inevitable) they will force you to sell your shareholding and that will be that. (but for what price?)|
|Sold mine in complete disgust ...Personally I think this is daylight robbery they took the flotation money used it to build a decent business then shafted shareholders at the first opportunity. (although cannot really blame them from taking advantage of the times we live in..good luck to them ) Not the first and won't be the last
as my granny used to say "What do you expect from a donkey but a kick"|
|No reply from VDI, so I called Capta on 08716640321, asked if we can hold onto our shares if the de-listing was'nt approved. They said they would look into it and reply within 48hrs, latest Monday morning 19th. The drop dead date !!. Have any of you voted on de-listing or decided to sell your shares !!|
|Was won about a year ago|
What are you looking at at? We need link or details please|
|wow look what I have found; no wonder they want to take it private
UK smallcap opening - Visual Defence up on 140-250 mln usd contract win|
|I spoke with barclays on Monday and voted against the de-listing, they informed me I have until 19th to tender my shares. So it looks like you have to reply on both issue's. As for VDI, I've just sent a second email, asking if I agree to tender my shares and the de-listing is not approved, do I have the option to keep them, just waiting for a reply. Don't really expect one. So have to make a decision very soon on my shares|
|From what I have found out;
If you do not vote or vote YES the company will buy your shares for 7p; IF you vote NO then the shares you own will be transfered to your own name; You will only be able to sell those through a private transaction. i.e. not on the open market|
|Looks like we being pushed into selling or risk the possability of being stuck with them. I have emailed the company, still no response, asking why we dont have the option to hold onto our shares assuming the vote goes against de-listing|
|Is there not the option to remain a shareholder of the private company? Or are we all being forced to sell?|
|You guys need a white knight to offer more : for half the shares !!|
|The company will buy back its shares prior to de-listing at 7p per share from shareholders.
In effect a management buy out on the cheap at 7p per share.
As the directors own the majority of shares they are screwing the PI's yet again by getting the company on the cheap.|
the shuffle man
|The majority shareholder of Visual Defence, chairman Ovad Tal will take it private at low cost.|
|What does this mean??|
|Visual Defence drops sales forecast again
The Canadian firm said revenue for the year ending December 31 2008 will be approximately C$16m. At September's interims they were expected to be C$20m, down from the C$22m mentioned in a trading statement the previous month.
Trading Update - Year Ending December 31, 2008
RICHMOND HILL, ONTARIO - December 01, 2008 - Visual Defence (LSE: VDI) today announces an update on trading for the year ending December 31 2008.
The Company expects to report revenues for the year ending December 31, 2008 of
approximately $16.0 million CAD, with an operating loss of approximately $4.0 million CAD. The cash position of the Company is expected to be approximately $8.0 million CAD at December 31, 2008.
Gross margins are expected to have improved in the period to 40% of sales.
While the Company continues to enjoy success in the United Kingdom, Scandinavia and Africa, the overall market for products and projects in the Company's sector has seen delays and deferrals due to prevailing worldwide market conditions resulting in full year revenues below management's previous expectations.
The Company has aggressively pursued cost reduction programs including the recent closure of its Vancouver office and a 20% reduction in head office staff. The Company has continued investment in new technologies totalling over
approximately $1.9 million CAD for Research and Development during the year to December 31, 2008.
The Board believes the measures taken to invest in new technologies, responsibly reduce costs and focus on delivery and customer service will best prepare the Company for the uncertainty in the markets in the year ahead.|