Tyratech (DI) Share Discussion Threads

[nobbygnome] 31/10/2018 17:19

Obviously talking to myself here! However, I will carry on nevertheless....

On reflection I made a massive profit on this share because of my persistence in buying at the 1-1.5p level. However, ultimately I am disappointed that the Tyratech products have not been allowed to fulfill their promise within an independent company. The joys of AIM.... I thought it was a place where junior companies should be able to raise money!

[nobbygnome] 31/10/2018 16:53

Actually the RNS is confusing. It seems that 55% of the non American Vanguard shares voted so a positive vote was never in any doubt😜....

Anyway the most important question is when will we get paid? There is no mention of that...

[nobbygnome] 31/10/2018 16:47

Hallelujah...but we only made it by 5%!

So I now will have around £60k of liquidity created some time in November, when they pay out the cash.

[corrientes] 31/10/2018 09:28

or the share price wIll tell us sooner. Hopefully at least one quarter of PI's are aware of the position so as to vote the correct way. Hope there aren't too many who've already written this one off in their mind a long time ago, so won't have bothered to vote.

[nobbygnome] 31/10/2018 09:10

So today is the day when we learn our fate! The general meeting is at 2pm UK time so I guess we should hear about 2:30.

[nobbygnome] 27/10/2018 22:11

>> mdm

But the point is that you would not have been able to sell your shares in the market at anything like 3p. That probably says more about AIM than TYR but nevertheless is the reality....

[mdm100] 27/10/2018 21:00

Nobby, everyone is entitled to their opinion. Shareholders were not “given” funds from the sale of Vamousse, they purchased your shares from you, it was not a dividend etc..nor was it free money. As a growing company in need of funds, wouldn’t it have been better to keep hold of the $8 million and use it as working capital etc...and when circumstances allowed to purchase TYRU shares in the open market and then cancel them. i.e share repurchase. Long term shareholders would have understood that to be a better option in the long term, rather than artificially trying to inflate the share price via the repurchase scheme. Then 6-8 months later the board announce that they have been unable to secure additional funds and then sell the company on the cheap to Amvac !! Why not keep hold of the $8 million in the first place if you know you need funds a few months down the line !! These decisions which have been taken do NOT make basic financial sense !! 2017 accounts show Bruno was paid almost $500k, including a bonus of around $80k !! for doing what !! I’m sure most of the board, if not all, will land similar cushy jobs in Amvac etc !! GLA DYOR !!

[nobbygnome] 26/10/2018 08:54

Just got the RSP prices and even though the TYR offer went up yesterday the actual offer of 350k at 2.9949 hasn't changed. Bizarrely the offer for TYRU is 250k at 3.2p.

Still confident that the vote will go through as less than 15% of the free float need to vote and I account for over 1% of that 15%.

[nobbygnome] 26/10/2018 07:15

>> mdm

I am no fan of Bruno for various reasons but I wouldn't call him 'crooked'. After all they did return the Vamousse money to shareholders when they didn't have to. Plus the company is making concerted efforts to try to get people to vote so for me 'crooked' is over the top. Incompetent may be a better adjective to apply....

[exbroker] 25/10/2018 11:45

IG use Citi as their Prime Broker and they are very bad at this sort of thing, I suggest copying the details including the Crest ID and forwarding it to them.
My stock is with IG and that’s what I will be doing later today.

[corrientes] 25/10/2018 08:58

On the other hand, I see the MM's have put the price up a little this morning. If some people are scared it won't go through, they might be tempted to take a little less money now, and so maybe a bit more profit for the MM's. The MM's wouldn't have to do that if they knew the merger was possibly going to fail. Just a thought, but any permutation of possibilities is possible I suppose.

[nobbygnome] 25/10/2018 08:05

>> pug

That had crossed my mind...... If they are short then that would be the case!

[pugugly] 25/10/2018 08:00

Nobby - Position outside me legal competence to advise - Might it be in their interests for the merger to fail ?

[nobbygnome] 25/10/2018 07:49

I have just voted for the 400k I have bought recently and which settle today and Monday.

However, annoyingly my spreadbets held with Spreadex are a different matter. Apparently Spreadex hold their positions with IG and they won't guarantee they will vote!

[pugugly] 25/10/2018 07:26

Looks as though may be getting tight and not enough proxies received:
SO IF YOU HOLD AND NOT YET INSTRUCTED YOUR BROKER TO ACT MERGER MIGHT FAIL AND SHARES FALL VERY SIGNIFICANTLY IN VALUE ACCORDING TO PREVIOUS ANNOUNCMENTS FROM COMPANY





TYRATECH, INC.

("TyraTech" or the "Company")

Special Meeting and Acquisition Update

The Directors of Tyratech (AIM: TYRU and TYR), give the following update further to the notice issued on the 28 September 2018 relating to the Company's proposed acquisition by American Vanguard Corporation ("AMVAC") at 3.15 pence per Share (the "Transaction").

The Company reminds all shareholders that the deadline for voting is 3 pm (UK) on 30th October 2018 for shares held under nominees, brokers or banks. However, shareholders are advised to check with their nominee or broker, some of whom may have set earlier deadlines for their own administrative reasons. If shareholders hold their shares via a nominee, and not in their own name, they are reminded that their method of voting is to contact the nominee or broker and give specific instructions to vote on their behalf. Those shareholders holding shares in their own name may return their proxy cards by post, fax or email a scanned copy to the Company's Registrars, Computershare: [e-mail], by 3pm (UK) on 31st October 2018.

Full details may be found in the Proxy Statement issued on 9th October 2018, which is available on the Company's website www.tyratech.com.

Under US Delaware Law, in order for the Transaction to proceed, an overall majority of all the voting stock (not just a majority of those voting) is required to vote in favour. It is therefore very important that all shareholders vote. A non-vote has the same effect as a vote against. A separate vote, requiring a 75% majority of the votes cast is required to approve the cancellation of the Company's trading on AIM (contingent on completion of the Transaction).

The Board continues to recommend that shareholders vote FOR the approval and adoption of the Merger Agreement; and FOR the cancellation of admission of the Company's Common Stock to trading on AIM.

As outlined in the announcement issued on 28th September 2018, should TyraTech shareholders not approve the Transaction, the Independent Directors believe little, if any, cash would be available for return to TyraTech shareholders.

More information about how to vote is available on the Company's website www.tyratech.com If shareholders are unable to access the Company's website, copies of the Proxy Statement and Proxy Form are available from the Company's Registrar, Computershare, c/o The Pavillions, Bridgewater Road, Bristol, BS99 6ZY. They can be contacted on 0370 702 0000 for copies, or 0370 707 4040 with any other questions.

[nobbygnome] 18/10/2018 17:49

No not me. However, I have been buying smaller amounts regularly by spreadbet in the last week because it is money for old rope which the MMs are gifting us.

[pugugly] 18/10/2018 17:09

Nobby - That you just picked up that one and a half million to vote and make sure the deal goes through ?

[nobbygnome] 18/10/2018 16:48

>> pug

I mean the larger holders within the various nominee brokers which are listed. With Vanguard, the directors, the Vanderbilt holding and people on here we are in the mid 40s already. So we need only around 10% of the remaining holders to bother to register a vote. That is a very low hurdle.

[nobbygnome] 17/10/2018 20:28

You have to assume some of the larger holders will vote so I am confident 😏

[exbroker] 17/10/2018 20:08

Nobbygnome I am not sure this is a done a deal as you think. On the list there is only 1 Institutional Investor which is Vanderbilt Investment Office. The rest are private client brokers or prime brokers. Add AVC, directors, and Vanderbilt and you only reach 43%. So, as I stated in post 3030 ALL VOTES ARE NEEDED!

[pugugly] 17/10/2018 19:00

Nobby - Many of those listed are I think holding as nominees for private investors - So PI's holding through
Hargreaves Lansdown Asset Mgt 4.60%
Halifax Share Dealing 3.90%
Interactive Investor 3.81%
Walker Crips Stockbrokers 3.54%
still need to instruct their nominees to vote - OK You, I, ex broker and Timbo have I think all voted in favour but I doubt if even with Vanguard at 34% we can guarantee being over the 50% SO (IMO) EVERY VOTE IN FAVOUR OF PROPOSITIONS 1 & 2 ARE STILL NEEDED. SO GET THOSE PROXIES SENT.

[nobbygnome] 17/10/2018 17:31

If you look at the shareholder list (see below) there is no chance they won't get to 50% of shareholders voting so I don't think we need to worry. Add up the IIs and the directors' holdings and they are well over 50%!

[somerset lad] 17/10/2018 14:47

mdm100, I talked to Halifax and they said they were going to send out a letter about voting rights.