Rhythmone Share Discussion Threads

[sikhthetech] 05/1/2017 09:01

Richard O'Conner having had experience working with PVMG..Where was BM CEO prior to 1R...PVMG... :-)

[barkboo] 05/1/2017 08:59

John John - still negative ah?

"Dwight leaves, Ed leaves..." Gowlane still trying, John John about to leave!

[loafofbread] 05/1/2017 08:59

The only person I'm calling is my broker to buy more!

[barkboo] 05/1/2017 08:57

Is it me - or have the mm's missed £2 off the SP?

[someuwin] 05/1/2017 08:52

Bought a few today.

Might add some more.

[barkboo] 05/1/2017 08:52

What an investment we have here - and company confirmed! It's almost making me feel that I need to break my own very strict rules!

MM's will earn their crust from now on. lol We have had some funny trading going on....it is about to get hilarious!!!

[football] 05/1/2017 08:50

loaf you need to call your man to ask he's man if that's right
we 'have returned to profitability'

[barkboo] 05/1/2017 08:46

So either the new CFO is a talker of untruths - or the company is confirming profitability.

Now - how would you start your new job?

[sikhthetech] 05/1/2017 08:44

Dwight leaves, Ed leaves...

[jwoolley] 05/1/2017 08:37

Interesting wording used in rns....??

...."accelerate profitable growth......"

....."shepherding the Company's return to profitability...."

[loafofbread] 05/1/2017 08:16

Looks like the cats out of the bag with that RNS.

Our new CFO has just confirmed we will be profitable this year.

Why wait for the trading update!

[loafofbread] 05/1/2017 08:10

Interesting use of the word 'profit' in that statement.

First RNS from our new CFO and we 'have returned to profitability'

Any thoughts or another badly worded RNS?

[kendonagasaki] 05/1/2017 07:39

Let's hope he can add better then Ed?We are going global so need someone with more experience with Ed.About time 1R got rid of him!

[wheeze] 05/1/2017 07:16

New CFO - hopefully make us 'Rich' as well...

[luafc] 05/1/2017 07:05

BARKBORE:
Steve Harley line keeps entering my head if ever I am unlucky to glimpse your self-involved tedious guff.

STT:
Impressive stamina in the face of the mafia onslaught.

[stocky] 05/1/2017 00:15

Thanks for the clarification, severnof9. It was mentioned in the Dec RNS that there was more interest from the Perk side. Btw, where is that management circulation?

[sikhthetech] 04/1/2017 20:33

severn, thanks..

[sikhthetech] 04/1/2017 20:29

football, which one of my Perktv reviews were fake...

Go on prove you're not bitter, nasty, lying piece of sh*t..

You're getting more desperate by the day.... what a plonker...


football4 Jan '17 - 10:24 - 1287 of 1288 0 0 (premium)
shame on you STT not showing the post before saying you are writing fake reviews

stocky4 Jan '17 - 10:06 - 3891 of 3895 2 0
Football, you fail to see that Sikh has been busy writing Perk reviews? He gone coo-coo.

<...>

[severnof9] 04/1/2017 19:42

As to the question what reignited the negotiations. This is the timeline of the arrangement form page 15 of the management information circular

On July 1, 2016, the Perk Board was convened to further discuss the non-binding letter of intent. Senior management of Perk updated the Perk Board regarding the discussions and negotiations that had taken place between the parties up to that time, and provided their view as to the terms of the proposed transaction upon which a consensus may be reached to make the transaction acceptable to both parties. Beacon, Perk’s financial advisor, discussed the initial financial analysis it had conducted and provided a preliminary view on its ability to provide a fairness opinion. Perk’s legal counsel,TorysLLP,providedthePerkBoardwithasummaryofthelikelystructureandtimingofthetransaction as well as the fiduciary duties and obligations of the Perk Board. An in-camera session without management was then held, during which the non-management members of the Perk Board reviewed the terms of the proposal, the timing of the proposal, the rationale for proceeding with discussions, the current state of the business and industry and the prospects of Perk. Following such discussions, the Perk Board determined to proceed with the signing of the nonbinding letter of intent with RhythmOne and commence mutual due diligence. The non-binding letter of intent was signed on July 2, 2016.
After further discussions and preliminary due diligence following the execution of the non-binding letter of intent, RhythmOne decided not to pursue a transaction as it was focused on pursuing other initiatives. At the direction of the Perk Board, Perk informed RhythmOne that it was terminating any further discussions or negotiations.
On or about September 28, 2016, Mr. Mukherjee reached out to Mr. Hastings to express interest in restarting discussions with respect to the proposed transaction between Perk and RhythmOne. Parameters of a transaction were revisited. Mr. Hastings updated the Perk Board regarding the latest proposed terms of the transaction.
On October10,2016,a new non-binding letter of intent was delivered from Mr.Mukherjee to Mr.Hastings containing revised terms in respect of the proposed transaction

Page 53 of the management circular provides a table of Perks share price over the period (high column 1 low column 2)

June 2016 CAD$3.68 CAD$3.20
July 2016 CAD$4.30 CAD$3.24
August 2016 CAD$3.50 CAD$3.10
September 2016 CAD$3.20 CAD$2.04
October 2016 CAD$2.40 CAD$2.00

Logic would suggest that the drop in share price reignited the discussion. I would suggest that the R1 team did not increase their original offer