Syncona Share Discussion Threads

[oldtown] 05/4/2012 00:52

hernando2 you're the real fool for believing him the first place.

[mattab] 05/4/2012 00:44

H,

You still got 400k Sync shares and pledged to Myriad or have you piled it into BLNX on the weakness of the GS downgrade?

Just wondering?

[hernando2] 04/4/2012 22:12

Q- I read your posts and try not to respond, however we are at the end of the dreams that a number of investors had about Sync ( myself included).

I would like to say you are a troll of the vilest kind, promoting a persona that appears to offer some sort of hope.

I know that you are Jonga from III. you made one post a few months ago , when you let your facade slip and had a sly dig at MYO.

The end is near for SYNC and holding shareholders will move to MYR.

The only good thing about this is that, I hope, you wll go away.

You were never at the MWC and your posts are pure invention.

[quilarvium] 04/4/2012 22:00

Matt..Brown envelopes seem to be the buzz word of late.
Only a new bidder will be able to force first QTR revenue figures.
They would have to include the full digestable set of figures including further clarity on what/how the Myriad loan detailed within trading regularity and how it was and who sanctioned it, as well as what financial instrument sanctioned the for said short term loan based on the current trading irregularities that have been present over the last 12 weeks.
Pug.... There are many questions that are being asked at the right time and to the right audience!
Again Angus Dent is a chairman on the AIM regulatory committee.
So he I am more than sure will answer the majority of all questions fielded to his bat?

[mattab] 04/4/2012 21:00

Rob295,

Do they bother with Q1 results I wonder?

Also Sync have many times in the past had far more woes than current and at a much, much higher share valuation. Remember Lanstead bailing them out.

Note Sync has not commented again on Myriad's RNS's.

As for White Knights - it has not gone unconditional - perhaps and likely IMO not even 75% so they can de-list from both exchanges - this is the best news.

Extended their offer ie not walking away - what else can they do but increase the offer which is beyond poor on Strategic Value.

Get more in Admin with brown envelopes to be submitted by x date.

[rob295] 04/4/2012 20:29

napoleon 14th - out of interest have you read the recent RNS reports about cash flow? Sure I'd like to get more more and have the company stay independent, but surely realism has to play a role at some point. The white knights are conspicuous by their absence.

[mattab] 04/4/2012 19:44

Q,

Any comment on today's news?

If they had 75% they can delist on AIM and TSX - have the power and force this through. Shouting victory - I think this is far more Institutionally owned than is currently reported. PI's have sold or pledged....little else they can do given what is in the public domain.

Seems that is not the case - hence the phonecalls to a number of holders beforehand on LSE asking which way they will vote - that scared some of them - figure that one out?

Behaving like a takeover at last. Myriad will have to dig deeper to sweeten the deal or do they know they may get out bid already. Only they know the numbers..........we will tomorrow am.

[mattab] 04/4/2012 19:07

Eggflip,

Thanks for that - at least my shares will transfer to the Frankfurt exchange and when converted can transfer them then.

Least they do not disappear in the atmosphere.

So 7am tomorrow we will know the level of acceptances.

Care to guess?

Less than 75% is my guess. Offer extended that means they want and need us and are not prepared to walk away.

As any Shareholder has to either pledge or sell - that has passed reflected in the 136k shares traded today.

RIM will no doubt keep buying on both exchanges.

Fact is at their EGM they raised the equivalent of 20 pence a share on paper.

Know more tomorrow but due to the reduction in Swiss franc value to Sterling - their offer on Strategic Value is pants - left alone we could have been 20 pence on our own steam.

Massive volume unaccounted for as I have stated numerous times.

Never looked like getting 90%. Would think before the pledging before 27th March another would have made a play.............but consider this is only over when it goes unconditional 90% - large lady had then sung.

Also those in the know can control this from the minority - holding over 10% and not pledging - guarantees it does not go unconditional - over 25% and they cannot delist from AIM and TSX.

Best news today - and some on LSE still are not happy - need to see the wood for the trees IMO.

All to play for here.

[napoleon 14th] 04/4/2012 13:09

Potential/better offer is what we want.
Hold out!

[spekul8] 04/4/2012 12:55

'Extension of offer'

A little underhand, get people to commit to Myriad by April 4th...then when they find that they still need more shares...extend the offer period.
How many times can they keep doing that!

In the meantime SYNC limps along with any loan agreement/potential orders now on hold.
Talk about putting the company on its knees and forcing it to beg!

I guess it allows more time for another potential offer.

[pjdeery] 04/4/2012 10:51

I have just accepted that Myriad are the White Knight for my 200,000 holding.If the technology is so good I will give them a chance to make money from it.It has been a long haul and best wishes to all SYNC holders past and present both here and on LSE.

[napoleon 14th] 04/4/2012 10:44

Extension of offer, eh?
That only means one thing:
"We, as yet, have not reached our basic level of acceptancves required, so we're going to hang out a little longer".

I'll wait.

[eggflip] 04/4/2012 08:03

targa - well by 6.30pm anyway. Maybe between 75% and 90% but who knows.

[targatarga] 04/4/2012 07:56

Anyone hazard a quess as to acceptances so far... Will find out in a couple of hours.... gla

[eggflip] 04/4/2012 07:54

matt - Hargreaves Lansdown allow trading in Myriad shares, though not sure if you need to switch when the stock is being issued in CDI's. CDI's are traded as if they are a normal share on the London exchange as far as I'm aware but not exactly sure how they work, but I already had an account with iweb and HL so just switched between the two to be on the safe side.

You will have to be quick, it can take up to 2 weeks to do a transfer, though if you tell them there is a Corporate Action on your account they should try to move a bit faster.

You don't need to inform iWeb you are transferring you just print off the transfer form on HL, send it off to them and they inform iWeb.

As for Inland Revenue, are you referring to an ISA account? Again the broker handles all that. Be aware though that HL charge for ISA accounts (about £45 max a year I think depending on how much you have in it.

[chinese investor] 04/4/2012 07:49

Myriad fail to obtain sufficent votes.

[mattab] 03/4/2012 22:17

Hi all,

Holding this until at least I get my money back. I will need to transfer my Sync holding at Iweb to another provider that actually allows me to trade in Myriad shares on the Swiss Exchange in due course.

Not done this before - I understand I will need another provider in place before I instruct Iweb to transfer.

Can anyone recommend a provider that would suit my intention?

Could get a Share Certificate and bottom draw it but would rather have control of my own destiny - will be only selling the shares at the appropriate juncture.

Even my paper losses are not losses as I have made much more in my few years of trading - want to quit while I am ahead. This Sync saga has really put me off this share trading interest/activity.

Want to enjoy life again. When my Iweb is shut down after transfer do they inform the Inland Revenue - or with it just a transfer do they just shut the account down - in effect like closing a bank account.

Thanks in advance.

[restassured] 03/4/2012 16:09

The final hours of an independent Sync.

Get reading to blow up the balloons.

[pjdeery] 03/4/2012 14:43

For the benifit of any persons still holding Sync I have just spoken to my broker who tells me CDI's will be easy to trade and if you are a Crest Sponsored Member the CDI's will be held exactly as your SYNC shares at present.
They expect the deal to go unconditional and I have until 12.00 tomorrow April 4th to email them my instruction.(The last acceptance time is 13.00 hours London time April 4th.)

[sdavis] 03/4/2012 13:58

When will the announcement be made?

[neubie] 03/4/2012 12:59

Q...I am highly suspiscious of GS...always have been...so would not be surprised...but below 50 hmmmm.

Time will tell.

[quilarvium] 03/4/2012 11:23

Matt,newbie...All the Goldman Sachs cronies are about to go long on BLNX.
Buy as close to 50 or under,but you will have to discipline your self as you decide weather to take a 50% profit at 75p or to ride it till May results.

[mattab] 03/4/2012 01:00

Neubie,

No you didn't - your contributions and comments are always welcome.

It is compelling this stock.

Looked at Blinx myself but it just kept getting walked down by the MM with the odd day of good news ending up in the blue. Abit like Sync when the market knew about the Nokia deal. A downgrade from GS. Perhaps one to watch.

'BDC/H/O seem to be adopting the same tactic there as they did here...buying more as the share price moves downwards.' Not the best tactic but no doubt we have all done it. Sometimes standing back with extra funds waiting is the right course of action.

Q - do you reckon a consortium will make a play if Myriad fail to get 90% - which I have to state is unlikely?

Know soon enough - good luck all.

Up to 20c in Canada I notice.