Gabelli Merger Plus+ Share Discussion Threads

[byroneck] 01/10/2003 13:50

Yes, it is harder to sell the shares and if say these were trading @ 10p in normal times and you wanted to sell them after delist and you were to get say 8p...

Thats one huge profit relative to current price.

I don't wish to get my money tied up and if I had 5k that I did not need for a year or so then I would do a little more research into holding de-listed stocks and snap these up.

There was a thread on another BB that explained it all. Will see if I can find it...

[vision88] 01/10/2003 13:50

LEG Mason huge drop big recovery under way hurry whilst stocks last, GMP THEY STILL HERE!!

[jonc] 01/10/2003 10:34

Freemasons.

[vision88] 01/10/2003 10:28

my last post never appeared wonder why ??

[simeon7] 01/10/2003 09:54

byron. True. But if a share is, for example, valued at 10p. The chances of you actually getting 10p when you want to sell it is very slim if they have no regulation or market maker.

[maestro.] 01/10/2003 09:52

right if this is the case i might just buy a million at this bargain price..

[simeon7] 01/10/2003 09:30

This sounds like Ronson all over again.

LoL!

[goliard] 01/10/2003 09:29

The entire company is now worth only half a million!! If a few of us got together WE could launch a takeover bid!

[byroneck] 01/10/2003 09:13

Even if you hold the shares once its de-listed, you can still sell them. Not in the conventioanl manner but from what I understand you can still negotiate a price.

With the price as it is, it is almost tempting to buy some. Sit on them for a year and then try and sell them. Can't see this price being a genuine valuation and for that reason, once the de-listing is complete (if it happens!!) you should be sat on a very nice profit.

Seen similar behaviour with other stocks over the last year where price has plumeted on possible de-listing news, and then for the decision to be reversed and the shares rocket. KNG I think was one of those.. will have to check..

[simeon7] 01/10/2003 09:12

LoL!

Someone is censoring me!

If you can't see the last post, it was regarding the directors backscuttling you all, but you still buy more.

I see all the usual ramping suspects. Looks like this won't be your week.

[sportbilly1976] 01/10/2003 08:48

This must be approaching levels where the directors feel that the copmpany is woefully undervalued and will buy some of the shares - I can understand the MM's not wanting to hold onto a stock that will only be traded through matched bargains, but the directors??

Current offer is 1.5p and there has been no change in the business fundamentals since it was worth 12p, only a deterioating outlok for Q2 - how many other stocks have made this forecast in the past few weeks but they have not suffered a 90% erosion in share price!!

[jester jim] 01/10/2003 08:04

gentlemen, divert your losses into the only thing that is moving....gold
take a look at the UK gold exploration companies and you will recover something

don't believe me ? take a look at the price of gold over the last 2 years on www.kitco.com

[goliard] 01/10/2003 00:23

sportbilly,

The shares in the company do not have to be held by the directors (as far as I know). It is ok to hold shares in a private company and trade them as you would on the exchange. The difference is that the AIM listing makes it much easier to trade and as a private company you have to match up buyers and sellers instead of relying on market makers to hold and trade shares. And yes, you would be entitled to your share of any dividend.

It's not necessarily a bad thing for the company and in many ways it makes sense as the shares were hard enough to trade anyway on AIM and the volumes were pathetic.

If you still have faith in the product then it could well be a good time to buy, but not if you're only in for the short term.

[simonevans] 30/9/2003 21:50

AIM must do something about the rules on de-listing. 70-80% of shareholder value lost already, just because the directors feel like pulling a fast one on the existing shareholders. How can this be better than staying on AIM?

[double6] 30/9/2003 20:26

If they fall much further I'll HAVE to buy !!

[vision88] 30/9/2003 20:24

still rather exspensive

[double6] 30/9/2003 19:14

IREVOLUTION - DON'T REMIND ME!!!

[dusseldorf] 30/9/2003 17:26

agreed, but with millions in issue, we need to see some large sells before the floor is reached.

[responsible lad] 30/9/2003 16:06

Good chance to buy in cheap before the suspension.

[jayeshp] 30/9/2003 08:49

whats going on here then rise before the fall?!