Freedom4 Comm. Share Discussion Threads

[tryinghard2] 03/4/2008 10:53

rumours of big news coming on incagold/igd buy limits cut

[nils214] 03/4/2008 10:47

I just re-read the TDW letter received after the initial info ref the tender offer, and it clearly states that as a nominee account holder I can tender 100% of my holding and the company 'may' purchase all my holding!! Hopefully they will buy 100% leaving me with c. 2000 profit after 3 years!!

[deanroberthunt] 03/4/2008 10:38

AIM = legal mechanism invented by the City to fleece private investors...end of, nuff said.

[nils214] 03/4/2008 10:35

can anybody confirm if holders of shares in nominee accounts (which I would think must be the vast majority these days) were able to sell out 100% of their holding rather than the 58%?

Regarding the 42% remains that s/h's will be allocated, will this be on a 1 for 1 basis or will more shares be issued to cover the difference between the c. 6.5p pre-tender price and the current price?

I know the money was being returned to s/h's and was promoted as being at a premium to the current sp, but was that just smoke and mirrors??

I am hoping all my shares were sold at +10p but I have a nasty feeling that all the documents were qwritten so as to confuse us punters allowing the directors to walk away with big fat payouts!!

answers on the back of a postage stamp please...

[liquid assets] 03/4/2008 08:43

managed to get my mate sorted just about ! good man Very. LA

[liquid assets] 02/4/2008 22:18

thanks again for helping out - cheers

[veryoldbob] 02/4/2008 21:23

Here's the tender document, posted on 17th March, so there's been at least that much notice:



However, it does say:

"Latest time and date for receipt of Tender Forms and TTE instructions: 1.00 p.m. on 3 April"

It seems that the nominee accounts want a decision from their clients earlier than is strictly necessary, which is adding to the resentment here.


As for being scaled back - the tender offer is pretty generous. I can't see many shareholders not taking it up. There may be a few who simply missed the offer though, but I wouldn't bet on there being too many of those...

[liquid assets] 02/4/2008 21:03

sincere thanks for the reply very; this aint good then for my mate; what are the odds on the tender getting scaled back ? also plse can u tell me how long shareholders have known 4 sure that they needed to get a reply in to accept the tender offer ? my mate thru his broker (shares in nominee) was only informed of this less than 2 weeks ago ? this seems ridiculous at first take to me........i tried looking thru info and it also seems v complicated - what's going on here - frankly it looks like a shambles - do u concur ?

[veryoldbob] 02/4/2008 20:33

In a nutshell: the company has sold off most of the businesses it owns and is returning some of that money to shareholders via the tender offer.

Shareholders can tender 58% of their stake at 10-11p a share - the remaining 42% will be left as shares in the only remaining business (a 52% stake of a joint venture with Intel). If you don't tender your shares, your shares just stay in the new company.

The tender deadline is 1pm tomorrow but it seems dealers locked it down at lunchtime today, so the shares have fallen to the kind of value the market expects of the smaller post-disposal business. So the shares are indeed worth 60% less if they can no longer be tendered...

If someone was unlucky enough not to reply in time for the tender and didn't sell before lunchtime today, they're in the worst of both worlds: their share price drops to reflect the smaller business size without seeing any of the sale proceeds...

[liquid assets] 02/4/2008 19:57

please might someone be able in a nutshell tell me what is going on here ? surely the co is not worth 60% less today than yday ? is there not a subdivision in share base going on soon - hence the fall in the price ?
tell me there is a proper reason for this fall ?
someone i know has a holding, was unable to reply in time for the tender offer option and surely doesnt just see his investment fall like this ??
appreciate any info as i don't follow this stock
thanks

[zimbi] 02/4/2008 18:45

So locked in entirely until 18th

[bubface] 02/4/2008 18:35

zimbi.we get to hear how much we get [could be a bit more than 10p] on the 4th dispatch of cheques and payments made through crest not until 18th april.
perhaps mr dubens should be allowed to keep the interest until then....seems fair he's done such a good job.
it also says that balance certs for unsold ord and crest accounts for the unsold ords dispatched or credited to crest on 18th april...this would appear to mean we cannot effect delivery if will sell our balance holdings until the 18th then?

[danny111] 02/4/2008 18:27

Isn't it great to see these guys exercising their 'options', some at as little as 1p, having just screwed the PI's by destroying the value in the company!

[harkishan] 02/4/2008 18:26

What I want to know is that is the £5.5m (they paid to convert) going into the company as cash?

[growthhunter] 02/4/2008 17:14

....confused...........i think i will stick with the more simplistic financial instruments in future. things like a shoebox under the matress

Price Monitoring Extension


RNS Number:4725R
Freedom4 Communications PLC
02 April 2008

A Price Monitoring Extension has been activated in this security.

A Price Monitoring Extension is activated when the auction matching process would result in an
auction price that is a
pre-determined percentage above or below the base price. The auction call period is extended
for 5 minutes.

For details of how base prices are set for each market, please refer to the Guide to Trading
Service at
www.londonstockexchange.com

END

PMEILFVRSEIFIIT

[zimbi] 02/4/2008 17:07

Will the 58% at 10 just suddenly appear in one's account?

[micky468] 02/4/2008 17:03

Major Shareholders

UBS AG 372,450,000 £10,577,580
Goldman Sachs Group Inc 314,261,716 £8,925,033
Prudential Plc 205,163,570 £5,826,645
SR Global Fund LP 137,019,200 £3,891,345
Fidelity International Ltd 118,471,191 £3,364,582
AXA SA 96,759,854 £2,747,980
Deutsche Bank AG 72,555,221 £2,060,568

there not selling, i think the big boys will see a rise in the share price if you have money buy today as tomorrow may be to late they played a good game of poker/us,still thats what they do for a living.and they make the rules.

[bubface] 02/4/2008 16:51

can think of another word for it !! they should be wearing hoodies!!

[ladyfarmer] 02/4/2008 16:38

clever though..

[bubface] 02/4/2008 16:25

didn't read the small print VOB...what a disgrace.they really don't care how completely greedy and contemptuous they look do they.
also makes sense of why they did the buyback where they did and why they had the second tender option for next tax year...the little porkers.

[veryoldbob] 02/4/2008 16:20

Bubface: "but why deubens and reid exercising options up at 7.5p? "

2.5p clear profit! They were allowed to only exercise the 58% of their total that was to be tendered, so effectively it's a 100% tender on the options and warrants. The remaining 42% of the options and warrants can be left unclaimed, so they don't have to buy the lemon shares.

[lloydc] 02/4/2008 16:15

well just recieved this from contacts near ffc

We sent documents to all shareholders on 15th March proposing that we return £157 million of cash to shareholders, via a tender offer (at 10 pence/share for 58% of shares held). This was approved at the General Meeting of the company held yesterday (1st April). The latest date/time for receipt of tender forms is 1:00 p.m. tomorrow 3rd April and the share price from 1:00 p.m. today is reflecting this.

[bubface] 02/4/2008 16:15

VOB agreed but we did know they had them .but why deubens and reid exercising options up at 7.5p? even the 6.25p are not making much here.

[veryoldbob] 02/4/2008 16:08

Gotta love the latest RNS:

The Company has today been informed that, as described in the Circular to
Shareholders dated 15 March 2008, the following directors have today exercised
Options and Warrants and have accordingly been issued the following Ordinary
Shares of 0.1p each:



Peter Dubens has been issued a total of 10,000,000 Option Shares at 6.25p per
Option Share, 3,333,333 Option Shares at 7.5p per Option Share and 49,300,000
Warrant Shares at 6.25p per Warrant Share.



The beneficial interest of Peter Dubens following this transaction is
201,522,222 Ordinary Shares representing 7.87% of the total issued share capital
of the Company.



Mike Read has been issued a total of 11,250,000 Option Shares at 6.25p per
Option Share, 2,920,000 Option Shares at 7.5p and 15,000,000 Warrant Shares at
6.25p per Warrant Share.



The beneficial interest of Mike Read following this transaction is 29,170,000
Ordinary Shares representing 1.13% of the total issued share capital of the
Company.



Stewart Porter has been issued a total of 3,682,712 Option Shares at 1p per
Option Share, 21,394,560 Options Shares at 2.25p per Option Share and 348,360
Option Shares at 3p per Option Share.



The beneficial interest of Stewart Porter following this transaction is
25,600,132 Ordinary Shares representing 0.99% of the total issued share capital
of the Company.


..and as 100% of options and warrants exercised can be tendered, nice profits all round!

[johnmccabe] 02/4/2008 16:07

there's certainly some big buys going through at the moment. guess they're looking for a good bounch back on this share price in the next few days.
If i had cash left in my pot i'd be buying more too on the hope these will recover back to 6p fairly soon