Sdx Energy Share Discussion Threads

[winnet] 09/12/2024 16:57

protection from what. The takeover code? I know that, but that's not my primary concern.

Once its delisted, transparency is much weaker and whatever they say about matched services, they are always tilted to the sell side. As you probably know.

[exbroker] 09/12/2024 16:31

winnet
You will have 2 years protection by which time its bust or in much better shape

[winnet] 09/12/2024 15:22

exactly - and fewer mechanisms to stop it.

Think about it. Why do they need 75% to delist, because its a rule applied under the code?

Without these sort of protections us minor shareholders would be subject to even more bad practices and dilutions. Don't let it happen, folks!

[exbroker] 08/12/2024 22:05

It is still subject to the code until Feb 27 so if it is going to happen it would be before then.
If not then a dilutive fund raising works well!

[littlened] 08/12/2024 21:55

No ,I think it just cant happen at all in a private company

[exbroker] 08/12/2024 17:53

littlened
Correct you need 90% for a force out

[littlened] 08/12/2024 08:17

I am no lawyer but it seems that in a private company there is no mechanism for even a majority shareholder,ie over 50% to force other shareholders to sell against their will.So no takeover by Aleph or anyone else

[tnt99] 07/12/2024 14:09

At the current price must be a takeover target so so so cheap

[tnt99] 07/12/2024 14:08

I will be voting against if it gets that far and without more information as to how we will be able to sell the shares and at what cost through their platform?

[hsfinch] 07/12/2024 10:20

Rumours sugges that AP of Chariot was looking to takeover sdx. Duncan Worthless and his team of water diviners would run the Morocco gas business. Could this going private malarkey be an enabler for that?

[exbroker] 06/12/2024 20:12

Tnt99
Who are they?
The volume today was only a just over 2% of the issued shares and that double counted so the maximum that "THEY" could have bought is about 1%

[tnt99] 06/12/2024 19:37

They are probably buying up stock as it's being sold to gain a large chunk of the company and take it out for peanuts

[exbroker] 06/12/2024 18:15

roman2325

You obviously have no idea how the Takeover code works, stop spreading at best ill-informed ignorance or at worse lies and let people on here make as informed and logical investment decisions as they can given the information available to them.

[exbroker] 06/12/2024 18:12

winnet
This is about delisting from AIM which must be costing about £400k a year. If you read all of the RNS and not just the first 6 lines, you would have noted"
Funding options: The majority of the potential investors the Company has recently engaged with have expressed a preference to invest in the Company if the Ordinary Shares were not traded on AIM. Therefore, the Board believes that the Company has a greater chance of raising equity and/or debt financing from investors as an unlisted company than as a publicly traded company."

The Takeover Code last for another 2 years so any holder of 30% needs to make a full offer.
As it also says" In reaching this conclusion, the Board has consulted certain Shareholders and has considered the following key factors amongst others"
Do you think they will vote against?

[winnet] 06/12/2024 16:04

we're all taking our eye off the ball here. This isn't about survival. We've just done the deal on the financing - this is about Aelph trying to get more for less. No more, no less. Don't let them - its within our control!

[littlened] 06/12/2024 15:59

Bear in mind that Roman is probably the employee that SDX sacked in Egypt

[roman2325] 06/12/2024 15:59

Winnet: total loan = 6 odd million. Total equity in the business = less than a million.

However you look at it, Aleph takes the business (whether through securing the assets or saying 'no, we want our cash back instead', or colluding with other shareholders, or doing a deal with the board to secure their future in any bankruptcy etc etc).

The board have enough people advising them on what happens in situations like this, and if you've ever held a small cap explorer that went bankrupt, you know you lose your money. No one sues the board and spends 5 years litigating over a company with no money.

Sell out whilst market makers are still on the bid

[winnet] 06/12/2024 15:47

they'll ahve to update the loan if this goes through... terms no longer relevant given delisting proposal.

The Lender will have the right to convert the outstanding Loan, including any accrued, in full or in part, into ordinary shares in the capital of the Company ("Ordinary Shares") at an exercise price (the "Exercise Price") being 80% of the Average Daily Closing Price calculated over 30 trading days preceding the relevant date of notification for conversion, provided that the number of Ordinary Shares issued to the Lender pursuant to the Amended Facility Agreement does not exceed the lower of (i) 300,000,000, and (ii) the sum of 200,000,000 plus 50 multiplied by the amount of any loans drawn during the term of the Amended Facility Agreement (the "Threshold"). If the number of Ordinary Shares to be issued, based on the Exercise Price, would mean that the Threshold is met, then the portion of the Loan representing the excess Ordinary Shares will not be converted and will remain outstanding on the terms of the Amended Facility Agreement.

[encarter] 06/12/2024 15:42

Don't they have convertible loan notes?

[winnet] 06/12/2024 15:35

isn't that what they Aelph et al. would love you to do "take what you can when it's available"... Jeez

You are wrong in your assumptions and comments roman. In 10 months time, a lot could change... they have no mechanism to take control - they only have 8%... Don't count your chicken's old bean.

The first thing to do is vote down this disastrous deal.

[roman2325] 06/12/2024 15:28

SDX will obviously have sounded out the major shareholders - you don't build a 5%+ stake in a business without having the ear of the CEO. Shareholders will be asking why should I vote for it - the CEO will have made them a deal and the net result is Aleph take control of the business. Don't forget, in 10 odd months time they need to be paid back a lot of money, or they take the business anyway (the shareholders voted for this!).

TLDR: the bigger shareholders will be bought out at a higher price, the smaller guys (who will reject whatever's on the table because 'its not fair') will be left with nothing and everybody moves on. Its exactly the same as a squeeze out in M&A if you've ever worked in the space.

No one owes you anything, take what you can when its availble

[winnet] 06/12/2024 15:10

Just to be very clear - you can proxy vote via your broker, you do not actually need to turn up on new years eve.

Sadly I have other plans on new years eve [as will most of us], so they won't get the earful in person from me, but of course, that won't preclude me from voting!

[neo26] 06/12/2024 15:03

I dont think you will see operational update, they have not updated on SD for months. The GM is at new years eve hoping no one turns up to give them earful. What have they done with the money from WG?

[winnet] 06/12/2024 15:02

what "we" need right now ned, is enough votes to strike this off. Get working on it.

[neo26] 06/12/2024 15:00

I think most have written off their investment, also if thats the case why dont you guys struck these con artist out. They have mislead investors for the last year or so.My opinion remains the same if delisting is successful the investment is gone, no way sdx can pay aleph back.