Galileo Inn. Share Discussion Threads

[croasdalelfc] 27/3/2003 15:43

If you sell take your loss and dont encourage others to sell i.e. TOM2468.

[jgray] 27/3/2003 15:22

That .25p was my sell order! I had a hospital appointment so sent the order to my broker, always traded within expected range before, now I'm going to question their actions. Don't panic because of that, I've been stitched up but they won't get away with it.

[knopfler] 27/3/2003 14:40

you have to be just as brave to sell these and take your loss as to hold on to them, so there's no point in having a go at anyone who sells. everyone to their own and all that.

plus, what they buy with their released funds can just as easily fall, so selling these now raises other questions, like what the f... do i buy?

on another note mr k. seems a bit quiet lately - any news on an action group?

[moneypit23] 27/3/2003 11:53

Well TOM2468 ditched 300k for a start.

[jubjee] 27/3/2003 11:47

whats going on this morning?

[moneypit23] 27/3/2003 11:34

back to 0.75p bid, anyone here been buying?

[responsible lad] 27/3/2003 11:20

I did not mind selling what I bought at just under half the price since I was desperate for the cash. 1p and 1.06p the prices at what I sold out at, does seem like a fair deal since the offer is going to be 1.25p in the end for many months worth of wait. Imagine what you could of bought shares into and started recovering some of your Galileo losses on. Pilat Technology at 2p should be considered as the next no1 opertunity as the next multi bagger.

[moneypit23] 27/3/2003 11:15

Well no point in trying to sell my 500k now. I've written it off - lesson learned. Funny how everyone is praying for the offer @ 1.25p to be accepted when a couple of weeks ago we were all up in arms at the very thought of it!

[doodle1] 27/3/2003 10:54

swiftnick

.84 is better than nothin

[doodle1] 27/3/2003 10:53

Doomed my friends DOOMED!!!...imho

[swiftnick] 27/3/2003 10:52

Ouch Tom - 0.84p!

At that price might as well hold on and hope for the best.

[tom2468] 27/3/2003 10:38

And now I get an email back from MW saying there can never be a guarantee if we will lose everything or not for us so Im pleased I got rid

[jgray] 27/3/2003 10:34

Something afoot already? Can't sell 86k shares on line!

[peea01] 27/3/2003 10:30

can't knock that in these troubled times Tom

[tom2468] 27/3/2003 10:24

sorry guys but if the most the company will get is 1.25p share then ive took a £1000 hit but after wmg im very nervous

[tom2468] 27/3/2003 10:21

dropped my bottle and sold my 300k

[knopfler] 27/3/2003 08:50

if that happens here i'll bid £2. f... the expence.

[jubjee] 27/3/2003 08:47

Knopfler,

Agreed, i guess this was stictched up a long time ago, why else would an incubator company dependant on shareholder and city confidence leave an annoncement of results to the last few hours?

GAI has irreparably damaged any reputation with the recent and increasingly embarassingly poor attempt to run this buisness, what future now results or not?

Rememeber Monotub, shares suspended whilst deals discussed with buyers, deals fall through all cash spent and the company sold to the original owner for £1.00!

Good luck.

[knopfler] 27/3/2003 08:25

grebo

it's all too late now anyway (unless gai release a statement today or tomorrow to say all is fine).

best bet - if an action group is formed is to put in a counter bid for the company.

i would be interested to know if mr k has considered this option in his talks with his friend.

edit: best bet, if it's worth the trouble is to wait for liquidation and the bid for the company from the recievers.

[jgray] 27/3/2003 00:45

Unless the offer is withdrawn!

[knopfler] 26/3/2003 20:49

tom2468,

sorry i didn't answer your question earlier, not being rude, just been in work. fortunatly jgray (plus my previous posts) have provided an answer.

but to expand... ...the indicitive offer is just that (basically - are you interested in talking) which gai are. both parties will now enter discussions and negotiate a deal 'subject to due diligence'.

this is where the buyer has gai by the b... due diligence can throw up all sorts of nasties and the buyer can either walk away from the table or negotiate a cheaper price, none of which we will be told about untill it's too late.

personally if i were the buyer i would wait for gai to get suspended, then wait for the results to be published, whether they get published or not doesn't really matter as they must be a 'going concern' to continue to trade, (due diligence will tell the buyer if they are or not - we wont know) gai will then go into recievership and the buyer can pick it up for say the equivalent a penny per share, of which we as shareholders get sweet fa.

nice and neat really. not to mention pure speculation on my behalf.

just ask yourself this question - are gai going to do the best deal they can for the benefit of us, its shareholders.

my answer, for what it's worth - not a hope in f...... hell.