Freedom4 Comm. Share Discussion Threads

[lloydc] 02/4/2008 16:05

im not a holder but the main point here is the ex date as if it was released in rns and said ex at 12 today then every body would shorted this as pretty worthless after ex

[bubface] 02/4/2008 15:59

nickcduk.correct i got my nominee to check with exchange today since shareholders have irrevocably tendered there entire holding you should not sell until after the record date 5.00pm 3 april, therefore no dealing until 4th april.i was told would jeopardize the acceptance of the tender.
it is now to late to get on the register for the tender so who wants to buy them? should have shorted them through a separate account to my holding....

[johnmccabe] 02/4/2008 15:56

So as i believe it to be, even if you buy more now it can't be used to increase the 58% already tendered for

Hopefully and despite the huge drop today these'll pull back after the payout on Friday. The longer the payout drags on .... the lower the share price will drive ??

[nickcduk] 02/4/2008 15:49

IG may have told you that shares went Ex today but they would also have told you that you cannot trade your position as the shares you tendered are now frozen. April 4th should be the date when you should be free to trade the balance of your holding.

[micky468] 02/4/2008 15:39

you can only buy 5,000 @ one time have to put order in to buy more . something not wright.SP rising .

[lloydc] 02/4/2008 15:32

cant believe ffc not release rns or sommit to say date and time as those in the know got top money 4 there ffc remaining stock

[lloydc] 02/4/2008 15:30

looks right given decline since then

[lloydc] 02/4/2008 15:29

been told by ig broker these gone ex today at 12

[micky468] 02/4/2008 15:20

they will be worth 10p if you buy some now you can avg down a lot they what you to sell as much as poss so they can lap them up thats y the share price gone so low today

[bubface] 02/4/2008 15:19

they are now trading at a discount to cash and bond holding placing no value on wimax.they have already said we will get 2p in 18 months time paid out,so this is total option money on wimax.
looking at the prints and the odd amounts looks like people are selling there balance holdings,maybe their nominee/ broker has allowed them to do so t 10 or something.whole things a f'ing disgrace.

[growthhunter] 02/4/2008 15:05

so are we realistically getting to what the 42% will be worth???????

[zimbi] 02/4/2008 14:54

cheers bub

[bubface] 02/4/2008 14:52

friday morning you can sell the remaining 42%,before then you do risk being excluded from the tender...so i'm told by my nominee.typical pxc not a level playing field and somebody's pulled a fast one.

[johnmccabe] 02/4/2008 14:48

i certainly don't want to keep my remaining 42% for any longer than i can get away with

[oxie] 02/4/2008 14:43

Or wants to carry a loss to next year.

[ladyfarmer] 02/4/2008 14:36

It wasn't from share sales unfortunately

[bubface] 02/4/2008 14:23

if anyone has a gain?

[ladyfarmer] 02/4/2008 14:19

Thanks for your views. On the whole I think I'll wait re the residual 42%. Barclays told me the cut off for taking up the tender was yesterday. Be interesting to see whether fully subscribed. Did anyone else take advantage of the deferral to tax y/e 05-04-09 by using the second tender offer? I thought that was very helpful (saves CGT if up to limit in current tax year and defers any payment for a year.

[bubface] 02/4/2008 14:14

anyone selling their stock will not be eligible for the tender,the tender is irrevocable.the fall is presumably people selling short [surprised they can borrow] to buy back once tender has gone through,or selling by people who have missed the tender offer...they were always going to adjust once tender was done anyway.if people are disqualified from the tender or have missed tendering we hopefully will get more than 10p for our tendered stock.
there is really no change in where they were.if you had 10000 shares are still getting minimum £580 and 420 shares being valued at 3.7p= 7.35p in the old form

[nickcduk] 02/4/2008 14:12

Latest time for tender instructions is 1pm tomorrow. The record date is 5pm tomorrow. If you have sold 42% of your holding then that will not qualify for the tender offer. You should then receive the tender amount for only 58% of the 58% of the shares that you still hold. Thats how it works in theory but whats going on at present is anyones guess. If as a result of the mess they extend the deadline (Which they are perfectly within their rights to do) then anyone selling now will be deeply out of pocket.

[johnmccabe] 02/4/2008 13:56

ummmm i use iDealing, and yesterday they split my pot into two parts, FFC (42%) and FFC1 (58%), i'm able to do what i want with my 42%, but the 58% is showing as frozen, i guess until after fridays trade and the decission on the price Freedom will give us.
Poor choice of new name really as i'm pretty sure the only freedom will be after the payout and i get out totally at just about even !!

[nickcduk] 02/4/2008 13:55

Any trading taking place today is very risky indeed. If selling your existing position and assuming you tendered your holding, you may well become liable for paying out 10p for 58% of the shares you have sold. If shorting you may well end up liable to do the same. Amazed that any brokers allowed trading in stock that was tendered. Complete and utter mess.

[nils214] 02/4/2008 13:40

for those selling their '42%' it seems that you have sold shares you don't own, however as luck might have it you can buy those shares in the market to cover your exposure and you will make the difference in any case less an additional trade fee??

if you hold the shares in a nominee account I am surprised they let you sell as it clearly states you cannot trade any of the shares you have tendered after you have tendered if that makes sense??