Sdx Energy Takeover Rumours (SDX)

Only Ned bother so show up, the large investors hav written off their investment. Its almost criminal aleph blocked takeover at 10p.

No, still no clearer Roman. Aelph are a major shareholder, so they are not going to want to see their investment turn into zero. Hence their flexibility - i.e. the extensions they have afforded us. It is likely there is one of 3 scenarios at play here: 1. SD is sold and there is either a small loan to be negotiated. OR 2. There is a large capex project in the works that requires more money. So a larger loan is to be negotiated. 3. There is a takeover coming in from the SD buyer, who will swallow the whole company rather than pay $10m USD for just SD. In the case of the second option, there would have to be considerable disclosure relating to the project economics to get approval. It would make no sense otherwise and would not be voted for... The line "at the request of the company" is significant

The loan is being extended for a year so lots of water under the bridge by then.In any case Aleph are also shareholders so insolvency is not in their interests and they cant take more than 15% on conversion due to takeover rules.

How do we know they not working woth aleph to get the required votes. Once this vote is agreed, aleph call the shots.Just like they forced the two accountants to reject takeover deal...

There has to be a substantive reason to delay the AGM. They haven't even set a date. Why would you postpone it without a date? I have a feeling the end is coming for SDX. Someone on LSE board has been saying 3p takeover by Aelph. That would require shareholder consent and as has been said multiple times before, there's not enough turkeys that would vote for christmas, so its a non starter at 3p. What the board could do is issue them loads of equity in a punitive dilution that would not require shareholder consent... However, thinking out loud, why would they need the cash if SD completes. Unless, SD has gone tits up, then we're up the swanny... If SD completes they will be left with ample cash assuming we know it 75% of Market Cap at 4p... So say 10 million. Even after the snouts have had their fill and we've paid these ridiculous management salaries they'll still have several million left over. Those are my current musings...