Collagen Solutions Share Discussion Threads

[moontheloon] 17/9/2020 08:10

Rosen know full well what they've got in the production line here. The raw materials business is a potentially lucrative business but the things the raw materials go into are the key and something they are trying to get on the very cheap.

[40 fathoms] 17/9/2020 08:03

Hard to understand the following "The Company disclosed information in line with market practice to these interested parties, which included detailed commercial, operational, and financial information to those bidders that continued in the process, only reserving a very limited set of highly commercially sensitive information that, in the Independent Collagen Directors’ view, could potentially be materially harmful to the Company and the Company’s shareholders if disclosed." So we want to sell the Company but there is some highly material information that we wont tell you .... now give me your best offer !

[moontheloon] 16/9/2020 13:54

It's there and ready to go it's tantamount to criminal that a company steps in for their pound of flesh just at the killer time for shareholders, if there's a market affecting juncture in this product and not announced or hidden from disclosure then that would be actually criminal. Imo but In the laws opinion. I find that abit sickening. Shareholders know what chondromimetic potential worth globally is... Its a no brainer its the only product of its type worldwide that has a long time line of excellent outcomes. I'm not selling at 6.5p.

[w t tutte] 16/9/2020 12:24

I have not finished reading every document yet but I am through most of them and there is one thing I find astonishing, there is not a single mention of Chondromimetic anywhere, it is like it does not or never did exist. Very strange indeed.

[moontheloon] 16/9/2020 09:58

What's thoughts guys? WTT

[w t tutte] 14/9/2020 13:07

Gosh, it is going to take me forever to get through all that.

[40 fathoms] 14/9/2020 12:30

The offer document is out. A speed read and all is as expected.

[40 fathoms] 11/9/2020 00:35

As Moon has suggested, even if you ultimately decide you want to accept the 6.5p but you think the offer terms might be improved you ignore the first offer period and see what they do next.

[40 fathoms] 11/9/2020 00:10

There is still a few things that need to happen. Firstly, they have to release the full offer document, look at this carefully, in particular at what is not said, as this will provide an insight in to their thinking with respect to their plan B. They then need to leave the offer open for acceptance for 21 days. If at the end of 21 days (or earlier) they have hit 90% acceptance, the offer goes through. If hey have not hit the 90% level, they have a number of options 1) declare the offer unconditional at a lower level of acceptance, if they do this they still have to keep the offer open for an additional 14 days for those that did not accept and want to change their mind 2) extend the offer period normally with improved offer terms 3) let the offer lapse and abandon the offer.

[moontheloon] 10/9/2020 15:54

When does the yes no question arrive? Nothing in my share accounts as yet

[moontheloon] 10/9/2020 10:40

Probs loads of smaller shareholders in the hundreds of thousands of shares too.

[w t tutte] 10/9/2020 08:03

Here is the math, 36.3 million shares need to block the bid. If both of the recent buyers have that in mind they would currently have 32 million shares. So 4.3 million additional shares needed to block. If I add in my shares that number falls nicely below 4 million.

[moontheloon] 09/9/2020 16:34

More Brett today. Think it may be a race to mop up any free shares if he has a view of unacceptance... Imo Only time will tell I guess.

[w t tutte] 09/9/2020 06:33

In practice even after they indicate they will de-list the company, you can still sell your shares to them at the offer price.

[moontheloon] 08/9/2020 16:18

Didn't realise it was 90% of the shares it does not own, I thought 90% of all shares. My mistake

[moontheloon] 08/9/2020 16:16

Well if they've bought a considerable amount before offer at 2.5p or pre offer then stand to gain 200-400% but looking at share price for 3 year period. 6.5p per share is pretty dire in my opinion

[w t tutte] 08/9/2020 15:40

Or could they be mopping up to make sure it does go through ?

[moontheloon] 08/9/2020 08:02

Maybe buying to obtain more leverage in the sale decision.. ie reject first offer

[w t tutte] 08/9/2020 06:47

In the announcement it says a purchase. Website says at 31st August holding was at 5.89% so holding has gone up. The other buyer is ODDO BHF Asset Management, not much detail with respect to who they are.

[moontheloon] 07/9/2020 16:42

I'm confused about that as it could be a sale at 6.4... Unless his holding gone up, I'd like to know Brett Gordon's stance on this situation and offer...

[w t tutte] 07/9/2020 14:57

Two shareholders still buying.

[moontheloon] 03/9/2020 20:49

A multi billion company can't sweeten a small but savoury deal? There's a reason why wade and Co eeked out a position on the board same way they probably acquired a line of other peoples brain children and i.p and took it forward to grow their billion pound portfolio... The company they realise has a viable excellent proven product that in certain areas needs further investment to reach full marketing potential but they know will make millions in the market alone , with 3rd party products interwoven in the tissue business (which has been successfully expanded)

[moontheloon] 03/9/2020 20:35

I'd have a few at 1p

[nxc] 03/9/2020 16:53

WTT/Moon - I do understand where you are coming from and value is in the eye of the beholder so I respect your desired outcome.
My reasoning behind the downside risk is that if the offeror walks away then the Company will almost certainly require to raise money if only to satisfy the Auditor's on Going Concern where the bar for a clean audit opinion has been raised significantly. My instinct is that a minimum of £4m would be needed and I think in that sense Rosen would have the whip hand in setting the price which would be nearer 1p than 2p. None of the EIS/VCT funds can participate - that leaves myself/Helium and Brett Gordon out of the substantial Shareholders ( apologies to substantial <3% holders but I do not have access to an upto date register)to fund the gap that Rosen cannot fill as they will be limited to an overall shareholding of 29.9%. The dilutory impact is significant and my biggest concern above all others is the impact on Management - they have been through the wringer and contrary to the view that they are self-serving with snouts in a trough they are an incredibly hard working group who I fear are fatigued. Life is not a straight line and the assumptions being made about future value assume most of the dominoes will fall COS's way - experience tells you that is unlikely. COS is vulnerable to the loss of key personnel and we should bear that in mind.