Cupid Share Discussion Threads

[philo124] 18/7/2013 12:31

What a surprise!

[robotface] 18/7/2013 12:27

You're more on the ball than CUP are J777

[j777j] 18/7/2013 12:01

Toscafund increased to 10,180,878 shares ,but it should read 14.54% not 12.21% as a result of the decrease in shares in issue to 70,000,000

[j777j] 18/7/2013 08:49

200,000 bought at the offer 80p


A nice confidence inspiring director buy announcement would not go amiss.

[j777j] 17/7/2013 20:17

Ennismore and Tremblant are still short 4.48% representing some 3.78 million shares

After the company buy back of nigh on 15% of the shares and with the outstanding shares in circulation now 70 million,down from 83 million their shorts presumably represent 5.3% of the company.


With the Max Polyakov shares bought back by the company,they will struggle to close their shorts and we could see a very sharp spike in the share price as they try.


Yesterday was clearly a desperate attempt to try and hold the line.

Today they failed.

They are either already losing or about to start losing heavily.

Being short a highly illiquid Aim stock is tantamount to suicide.

R.I.P.

[j777j] 17/7/2013 18:40

250,000 @84p

[pjhutchy] 17/7/2013 15:33

Level 2 looking strong

[j777j] 17/7/2013 14:16

He sold his shares to Cupid and Cupid kept the cash as part payment.

Cupid buys back 15% of the company at a very low price.

Try buying 15% now on the open market.

Simples.


ps Oh yes and the lock up expiration 15% overhang short's story,is null and void.Polyakov has sold up .



Noosphere Ventures

Max Polyakov
Chairman



Noosphere Ventures is a global mobile and internet company comprised of more than 50 brands and products including Identity Mind, Murka, Maxymiser and TrafficDNA. Our family of companies is focused in the areas of online dating, online marketing, social and mobile gaming, consumer finance and big data & analytics, and is one of the fastest growing in the world. Our core competencies include customer acquisition & monetization; highly skilled, low cost engineering & product development; a technical and ROI centric business approach and a global perspective with deep localized content. Headquartered in Palo Alto, USA, with operations in Ukraine, Western Europe and Asia, Noosphere Ventures is privately held, profitable and highly cash generative.

[philo124] 17/7/2013 14:10

Or if he did, he handed it over to CUP as part of the upfront consideration.
My broker doesn't understand the RNS either.

[philo124] 17/7/2013 14:08

Wyle, I assume that Mr P didn't receive any cash from his share sale.

[j777j] 17/7/2013 13:59

This credit risk nonsense,simply another red herring from the shorting mafia.

Cupid retains the businesses until 50% of the £43 million has been actually paid.

They can expect around £750,000 each month.

The company managed to buy back 15% of itself for a very good price.

The result of the decrease in share capital means Dobbie's stake is up to 20.9%
Toscafund around 15%.

The 3% of the shares being shorted is now more like 3.5%.



EPS will be bumped up 15%

The remaining businesses valued at around £15 million,yet they are very fast growing,highly scaleable,profitable and Cupid has side stepped the entire fake profile problem.


Has this been cleaned up ahead of the real takeover?





Max Polyakov is a dot com guru,look at his other investments...

hxxp://noosphereventures.com/

[robotface] 17/7/2013 13:40

"Cupid announces that on 15 July 2013 it purchased 12,379,472 of its ordinary shares of 2.5p each at a price of 73.2p per share"... so CUP has bought these shares for c£9.1m.

At same time, Max P surrenders the same no of shares.

So, Max has not given Cupid any cash, but instead surrendered his shares which were valued at £9.1m. CUP have effectively bought these shares and removed from the market.

Is this the right interpretation?

[wylecoyote] 17/7/2013 13:26

PHIL024,

so who benefits? If CUP bought the shares, what proceeds do they benefit from?

[philo124] 17/7/2013 12:53

Same PR outfit as AVN who also issued an ambiguous RNS last week, same day.
They really should make it crystal clear in what they are trying to communicate.

[philo124] 17/7/2013 09:09

He surrendered the proceeds. It is a badly worded RNS.

[britishb] 17/7/2013 07:42

You may well be right, KN, it's extremely hard to tell. If that is the idea why not say so in the RNS, rather than state that it is a buy-back?

[knigel] 17/7/2013 07:37

I thought he was "surrendering" his 12.4 million shares as part payment of the casual dating acquisition? Otherwise why would Cupid be paying £ 9 million to buy back shares when selling off part of the company! The positive effect though is a 15% reduction in shares in issue so eps should increase 18% on the remaining assets

[matt123d] 17/7/2013 07:31

Be careful of this britishb, he is an accountant who's never invested in a share in his life and gets off on breeding fear among real investors.

[britishb] 17/7/2013 00:19

Be careful one and all, the RNS clearly states it "Cupid announces that on 15 July 2013 it purchased 12,379,472 of its ordinary shares of 2.5p each at a price of 73.2p per share"

Not 0p per share.

The company is presumably now almost cashless - holders must hope the deal is for real - but this doesn't smell like the sweetest of roses to me.

[robotface] 16/7/2013 23:07

There was 2 x 12m transactions yesterday. Presumably the first was Max's transfer of shares for Cupid, and then the second was Cupid transferring them out of the system to be held in treasury?

[jonc] 16/7/2013 23:05

That is how I see it Orange.

[britishb] 16/7/2013 23:03

"Cupid announces that on 15 July 2013 it purchased 12,379,472 of its ordinary shares of 2.5p each at a price of 73.2p per share"

Very clearly AFAICS they have paid Polyakov 73.2p per share, not 0p per share. ie most of the £10m+ they had in the bank is now in Polyakov's pocket.

I don't suppose there's a chance the "sale" will now fall through?!

Good luck with this.

[orange1] 16/7/2013 22:33

Isn't the share transaction a non-cash transaction? Polyakov surrenders his shares as part of the consideration he pays for the assets he is acquiring. Cupid though don't actually receive any money. Polyakov has paid for the assets in shares and not cash.