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[calamity] 28/1/2002 19:41

Hi, taffyman,..... looks like redberry21 is all out of explanations, never mind his berries may swell and create a lovely and fulfilling fruit. My only feeling is wait...wait....wait. We'll soon know, no doubt. I'm off for 6 weeks down under next Monday, so will probably miss all the action. Hope you are well also taffyman and thanks asking after me, CHEERS.

[taffyman] 25/1/2002 19:22

hi Calamity....how's Jane?

Redberry21 has a view and will surely explain so don't be too rude. My position is that you've got to make some sort of a stand - the better it will be if everyone coshed so far bands together - to have a chance of getting the Redac mob to the table.
Or perhaps even prompting some other company with a lot more muscle to step in. We are told that CED has some good contracts and good revenue from them.
Its problem seems to have been mad (I meant to write bad, but we'll leave that in) management compounded by some seriously disturbing, downright wafty behaviour from a guy called Harrison....or so it seems to me. Hope you're well and best regards.
END

[calamity] 25/1/2002 19:00

DITTO, taffyman, cannot make head nor tail on redberry21's statements, perhaps he is taking over from that chap who's just passed on, who used to be on tv with his gobble-de-guck ??? (spelling) way of talking. Please elucidate taffyman. Yes i've been spreading the word on other bb's. Vote YES. YES. YES. YES. WHEN OFFER IS SOMETHING THAT IS MORE REASONABLE. LETS SAY WHAT 20p Plus. or more perhaps, but personally I could be persauded for that sort of amount, still loose out but would be tempted.

[taffyman] 25/1/2002 15:08

Redberry21...thanks for reply. However, cannot for the life of me see what you are getting at. I'm not one of the experts on the BB, but not gaga either.
Regards.
END

[redberry21] 25/1/2002 14:52

Taffy - Cedar can push up the sector and it will have a
knock on effect.

[taffyman] 25/1/2002 14:41

Redberry21....please explain.
Regards
END

[redberry21] 25/1/2002 14:38

Do you want to drag the whole IT sector down ? ? ?
Look at Logica. Vote YES, YES, YES, YES, YES.

[taffyman] 25/1/2002 13:05

Calamity et al.......action group doing well, but needs even more support from shafted CED holders that have stayed quiet thus far. Spread the word and get them on board!!
END

[calamity] 25/1/2002 11:42

Received today, "opportunity (to accept offer) now lapsed. Will be writing to you again should this Corporate Action be revised or extended". We'll have to wait and see now the outcome of this sorry tale.

[philsug] 22/1/2002 10:11

Anyone voting no to the offer may wish to register with the Action Group:-
cedaractiongroup.co.uk

[hell_fire_corruption] 22/1/2002 09:53

If the offer is not accepted, if you returned you acceptance for and certificates would they be returned or will you still receive the 5p a share

[hell_fire_corruption] 22/1/2002 09:52

I thought that acceptance for the offer is 3.00pm in the 28th Jan

[edjodav] 22/1/2002 09:20

day of reckoning tomorrow,we will find out if they have got there way.
hope not

[tinker] 21/1/2002 16:42

They're down the pan already. Redundancies going on as we write. Sold out at 24p Seems like a fortune now. Pity I bought at 263p. Never mind 'Redac'. A better anagram of Cedar would have been 'Cadre'!

[taffyman] 20/1/2002 20:30

CALAMITY .....quite right!! If Alchemey and Harrison get what they want many Cedar jobs will be down the pan. Saying vote "yes" to save jobs is arm-twisting that plays on holders' genuine concern for staff worried about livelihoods. IMO.
END

[calamity] 20/1/2002 17:57

Am holder of 52800 shares approx. 0.06% I believe, also binning my voting form.
"VOTING NO TO OFFER", please all holders do the same. Reason would only get less than 10% of my original investment back, may as well hold on and see how it "pans out". If I loose all so be it, the original investment was the problem. Only invested on those toss pots statements. Am retired and can ill loose the money, but most of the investmant has gone now at any rate. "KEEP YOUR NERVE IT MAY PAN OUT OK" Otherwise forget it and take a step back, give a sigh and carry on.

[drewz] 19/1/2002 12:49

Hold your cards, and call the Alchemy vultures' bluffs.

[johnduffield] 19/1/2002 12:12

I ain't foldin.

[will02p] 18/1/2002 15:21

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RNS Number:2015Q
Cedar PLC
18 January 2002


18 January 2002



CEDAR PLC



REDAC LIMITED ("REDAC") RECOMMENDED CASH OFFER ("OFFER") FOR CEDAR PLC ("CEDAR
")



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION INTO THE UNITED STATES, CANADA,
AUSTRALIA, SOUTH AFRICA, THE REPUBLIC OF IRELAND OR JAPAN



Further to the announcement of the Offer on 7 January 2002, the Independent
Directors of Cedar continue to urge Shareholders to complete, sign and return
the Form of Acceptance as soon as possible to allow necessary long term
facilities to be made available.



If insufficient Shareholders accept the Offer, the Offer will not be
successful and there is a substantial risk that Cedar would be unable to
continue to trade solvently, and consequently the Directors would instigate
formal insolvency proceedings. In this event, it is anticipated that
Shareholders will receive no payment in respect of their Shares in Cedar.





Enquiries:



For further information, please contact:


Cedar

John Stanley 01932 584 000

Mike Hosie 01932 584 000


Durlacher

Nick Martin 020 7459 3600


Financial Dynamics

Ben Atwell 020 7831 3113

Emma Rutherford 020 7831 3113






Cedar(CED)


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[dinghy] 15/1/2002 16:48

Can someone correct me if I've got this wrong?

RHL (the VC-owned company) are buying about £20m of debt from HBoS for nearly nothing.
Redac/Cedar (a subsidiary of RHL) STILL owe this, only now they owe it to RHL.
RHL are making about £14m available to Redac/Cedar as operating capital.
Therefore Redac/Cedar will still owe about £18m to HBoS, at normal commercial interest rates, but will owe about £34m to RHL on which they will be paying 22%.
Since the actual cost of the £34m to RHL is only about £14m (because £20m of it came from HBoS), this means that the "real" rate of interest is nearer 50%.

I'm only a simple person and small shareholder but I find this very difficult to understand.

Also, if I don't vote yes and the deal goes through without the 90% compulsory purchase, does that mean that I get nothing? As a minority shareholder in a private company I would have no rights - but in any event Cedar won't exist any more, will it? All the assets will be in Redac and the shares in Cedar will not qualify for anything even in the event of a relisting (because it will be Redac, not Cedar, which is listed.

I would greatly appreciate some informed advice.

[john8438] 15/1/2002 15:40

Q is there a likely other bidder who will pay > £.05 per share?

A there should be, but is not at the present time

therefore must vote yes and let the VC buy this company with a good orderbook and product for nowt, sack the terrible board, and sell it on for a tidy sum.

such is life

[johnduffield] 14/1/2002 12:26

Forfaiter: I note the accounts are unaudited. IMHO the £54m "Other Operating Expenses" loss has been exaggerated and a significant portion of it will be coming back as revenue at a later date. Otherwise, this business is a total basket case and should be wound up immediately. Somebody somewhere thinks this company has a future, and they want the existing shareholders out of the frame. Personally I'd like to see the press, the DTI and particularly the LSE digging into this one. If nothing is done and Cedar stage a miraculous recovery, I fear that more companies may take similar questionable action. The London Stock Market is at stake here, plus adherents like ADVFN. Oh, and you can bet your bottom dollar the employees will get shares in the new private setup. 5p a pop, worth a quid.

[harenow] 14/1/2002 09:59

Stop selling!!

It seems to me that some people have lost their bottle and saying to themselves that having lost so much money on CED, one might as well take 4.5p to 4.65p now rather than 5p later and be off with the whole saga.

But the point is REDAC will be mopping all those shares you sold at 5p or less, i.e. 4.85p. I expect to see some large 'arranged' buys at the end of the day when the market is closed.

So do not sell now. Vote No or wait for your 5p per share!