Close Enhanced Share Discussion Threads

[werkhaus] 01/2/2002 10:51

Its redac F....ing Moping up.....before 4th please do not let them win....by my cals they still need additional 3.5m voted shares or buy the equivalent

[bobp] 01/2/2002 00:33

What, prey tell, is the point of buying at 5p plus? Am I missing something or are their nutters out there?

[harenow] 31/1/2002 10:04

Ha, I was right (read my posting of the 29th) about REDAC mopping shares on the open market since the 28th Jan. If only shareholders had/would stop selling, then we might have got a better deal for all. Of course CEDAR is a viable going concern and is worth a lot more than 5p per share(22p bottom line). REDAC is a venture capitalist in there to MAKE MONEY for their investors. The only (relunctant) reason they are keeping the likes of MH is because they know the business and in six months, most of them will have received their marching orders and CEDAr will be sold off to a higher bidder, perhaps back on the market.

[redberry21] 31/1/2002 00:55

Sorry guys, but you have lost. Rumour has it that Alchemy will save
a million because those of you who did not vote will not get the 5p.

[dinghy] 30/1/2002 16:12

Redberry - I don't believe that Alchemy can legally delist and asset strip Cedar leaving the remaining investors with nothing - plus they have a stated policy to buy the balance. I would suggest that the worst non-assentors will get is an offer from Alchemy - once they have control - to buy at 5p until they get to 90% when they can buy at 5p anyway. So I don't believe that they "pay nothing" - they merely do not have to buy the shares - but there is a rash of protection in public companies to protect minority shareholders, I believe, which doesn't exist in private companies.

[john8438] 30/1/2002 13:39

I say again who is going to pay more than 5p per share for the company
if /he/they have a name tell me and i will sell my shares to him
if not i am accepting
i hate the previous board too, but better 5p than nowt.

[harenow] 30/1/2002 11:25

The BID price will NEVER go above 5p for these reasons:

1. If it does, shareholders will sell on the market instead of accepting REDAC's offer.

2. This means the REDAC's deal may not go through and CEDAR then goes into administration and the dealers will be left with worthless shares. So the dealers will not mark the BID price higher than 5p, I guess not even at 5p!

[hell_fire_corruption] 30/1/2002 10:28

If the price on the market goes above the 5p offer, all those sods that gave up the certs do they only get the 5p or will the certificates be returned to await new offer.

[harenow] 30/1/2002 09:43

Another big buy (500,000) this morning. If REDAC are not allowed to buy on the open market by Stock Exchange rules, it must be H and H or their stooges buying and then pledging their shareholding to REDAC.

[biomax] 29/1/2002 23:01

yeh, lets kick Harrison in the teeth, lets kick some fat asses here instead of golden hello!

[werkhaus] 29/1/2002 22:57

looks like John8438 could be Harrison himself....F.....g toser we will not let him win.....get a huge pay out and a stake in the new company...i bet he wishes he held more share share so he could vote his way.....good for all holding out...remember if it does go belly up then u can use the tax loss for 10 years to come....hang in there this battle is nearly won

[taffyman] 29/1/2002 20:31

Spooky, my ol' puss...how do you see things panning out???
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[spookythecat] 29/1/2002 20:12

Thanks WerkHaus.

[taffyman] 29/1/2002 19:34

Hi Calamity......what a charger your are! Willhonour, of the action group, would be proud. Of course, john8438 has a point of view. I disagree with his sentiment and wouldn't like to have him on my shoulder, out on the cobbles at the back of the pub, with business to sort. I also am losing less than many, but as I've said on another board it's all relative because I'm not Croesus.
The point is that all is not right in the CED demise and Alchemy, with help on the inside, allegedly, are not in the business of being nice to shareholders nor employees.
And..... could there be a White Knight out there, looking at the figures...that has the financial muscle to come in and sort it out?? Could such a beast save this company from the knackers??
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[calamity] 29/1/2002 18:26

The offer has been re-opened to the 4th Feb. so doubt they can buy, think I've read it somewhere that a company cannot buy shares on the open market whilst they are making an offer for that company, please advise anyone if they know better. Don't chicken out now, wait for a much better offer, hopefully, if it goes, it goes, you,ve lost the majority of your investment as things stand at the moment, so grit your teeth and hope for better things to come. Keep saying NO, NO, NO, until the figure is right, as I said before, I would be tempted at 20p plus or maybe more depending on the conditions, but would really prefer to stay with the company for better times.

[harenow] 29/1/2002 15:24

Suddenly, 2 large purchases of 100,000 and 200,000 respectively happened today. Looks like it could be REDAC mopping up those shares sold over the last week or so by those desperate people who need to salvage a few pennies instead of holding tight. Poor chaps/chappies, but then if you are that desperate, you should not be investing in the stock market, let alone volatile/high risk shares.

If by the end of today we see more large shares being snapped up, it has to be REDAC. Perhaps until today, they were not allowed by Stock Exchange Rules to buy on the open market. Can anyone confirm this or otherwise? Now they will make the 50% plus required. But I believe we (those who voted NO) made the point.

Fight on for a better deal.

[solitaire] 29/1/2002 13:35

New to ADVFN and nice to see some positive reactions to voting NO on the REDAC "offer".

Apologies ADVFN if the following offends!

In case there is anyone out there that is not aware of it, there is a Cedar Action Group www.cedaractiongroup.co.uk you can register your support and track CAG moves there.
There is also a lot of entertaining and useful discussion on The Motley Fool boards, www.fool.co.uk

Remember:
Harrison helped put CED where it is today and he will be offering his wisdom via a consultantship (made up word) in to REDAC ! Would you lend Millions to someone on those grounds (RBOS?)

Why is RBOS prepared to give REDAC 20mil for free? yet not support further recovery with or without the current board?

Enough ranting

cheers
solitaire

[bradsta] 29/1/2002 13:07

What percentage do Redac need to declare the offer unconditional?

[calamity] 29/1/2002 11:59

WELL DONE,.... those private investors who haven't caved in, only 47.78% have accepted. No doubt some of this percentage may be what Alchemy have vacuumed up in the open market or via affiliates. Not sure if they can buy direct whilst they have an offer on the company. So I wouldn't have thought the rest(52.22%) of the company was in private investors hands, so as was originally mutted by some, it doesn't look like some of the institutions, in fact a lot, were in the bag for accepting the offer. Hold in there, and get that offer raised, or get the company going again with a re-financing package. If the bank was ready to throw what 20 mill. quid. away under the offer, why can,t they do the same and do a deal with the company, or is this to simplistic, and leave us all still with a share in a company that for all intense and purposes appear to have good prospects if it wasn't for the debt. Any other opinions floating around out there, taffyman and I have floated ours, some more please. Well taffyman I thought I was going for long enough, but your's, WOW!!!! holiday or business, ours is purely holiday. Good luck for yours however. calamity.

[john8438] 29/1/2002 11:53

sill posts here

who is gioing to buy this company and if so whare are they and for how much, failing which it is a yes vote or insolvency

quit the rubbish, where are the new purchasers. THEY DO NOT EXIST

vote yes

[werkhaus] 29/1/2002 11:06

Excellent news.....Spooky you can use as future tax loss against gains in other areas....so yes in a word

[taffyman] 28/1/2002 20:02

Hi Calamity.......wait, wait and wait it is then. Have a good trip Down Under and while you're there this will be sorted one way or another,I think.
Coincidently, I'm off to Auz and then NZ for six months from June with the family. Will be monitoring ravaged portfolio from over there 'cause I can't see enough of an upturn to cash in the nominee account, without losses, before going. Get packing and don't forget your Union Jack.
Toot, Toot!!!
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