they held 57 mill on the 18th
got about 7.4 mill yesterday
they need 84 mill or so for the 50%
there is already 2 mill there on the sell
kinda thinking its not likely that they wont reach their objective, with major holders and the directors not about to stay around..
its just a process now imho..
Agentm do you think the negativity with management is helping AWE get their 50% mark?
The only way AWE will reach 50% is if large holders like yourself sell & they're not atm.
Scare tactics with general holders might get them over the line tho imo you seem to be taking it quite calmly.
You've been on this thread for years & yet your calmly excepting defeat???
As i said before i think your bias as far as management goes or you dont like to admit being wrong.
48% if the directors + GS sell. Add on major holder or a smaller hedge and that's at least 50%, hence the announcement IMO. I smell a rat, but from what I can tell this isn't that unusual in the game.
Hi agentm,
I have a few small facts that i need my memory refreshed on and please feel free to correct me at any time....
1) I think in previous threads it was mentioned that you are/were a top 20 holder of ADI and in the ANN by ADI/AWE that major shareholders were consulted prior to the final .42c offer so were you a party to these negotiations??????
2) It also stated that the major players had indicated that they would be selling their stake to AWE at the .42c did that include you ????
3) Considering over the years your information has been very informative you seem subdued in your assesment of this latest development that could see the end of a company that has had your support over those years
puzzled
lol
your back into your usual fashion.. why did i bother a reply to you?
jancha, you asked me a question that i politely answer and then go nuts and get insulting..
i think what ever your problem is with me is totally your deal, i will act as i chose and behave as i wish.. and obviously i am not acting as you want me to, and your behaving like a child..
the takeover was unexpected and a disappointment.. my preference was to ride the adi share through at least another 12 month cycle..
i think you meant to say i was accepting defeat in your post? which is kinda odd. i am a holder in adi and i have just witnessed a take over by awe with a final offer of .42.. i wasnt in any battle to begin with.. i held on hoping a better offer would come, or a new player enter the picture,, but thats very unlikely
unless some miracle happens today and a blindside happens (which is why i am not selling until later in the piece) i am certain i will not be leaving my capital in the hands of the awe directors..
from what i read in the release, the management is pulling out, so will the major holders, so what battle is left to fight?
i am admitting nothing to no one jancha. just watching an awe takeover on my adi shares atm..
your a totally rude piece of work jancha!
Lol
Not insulting Agentm just observant.
You tend to agree with everything that management does & have little criticism towards them which in my opinion makes you bias.
You only have to look back in your posts to see that.
In ADIs announcement yesterday they basically have given up the fort as you have.
There was too much negativity in their announcement.
Why did they bother with costs of the Target Statement asking share holders not to sell only a few weeks back & now instead of asking us to sit tight & not sell....basically telling us to sell.
Whats changed?
As someone else has enquired.... were you at that board meeting?
I dont see any miracles happening agentm, AWE now have another 8mil in the first 25 minutes of trading today. So that brings their total to about 72 million shares now. It's funny how most of us will be making quite a decent profit, but everyone is still displeased cause there certainly would've been a bigger profit to be made in the future.
lol jancha, your just plain insulting and rude ... never been anything else but that ..
your right jancha, i have supported adi and agreed with the direction the board took throughout. if i didnt agree with the direction they moved i would have removed my capital immediately..
that doesnt make me biased.. i have too much at stake to be biased..
your painting me as something i am not jancha.
i have not given up the fort jancha, as i dont own it, the shareholders do, and one major holder just bought the fort up.. if a better bid came through and someone wanted the asset then i would say things would be different, but i cant see any bids other than awe atm..
all i am seeing is the awe shareholder take over the majority of shares at .42
its not something i particularly am happy about, and i have no ability to change the situation thats happened.
jancha , your one mixed up puppy hey..
btw lol at asking me whether i was at the meeting.. your head is all messed up pal.. lol
An interesting ride with Adelphi.
Like many other investors/punters I have bought into the stock and followed it courtesy of Agentum's excellent research and discussion. Thanks again.
This neat little takeover trick by AWE and the seeming compliance by current ADI Board members does leave a sour taste in my mouth. The first offer for ADI is a very light 40c a share. Immediately the price goes to 41c and tons of stock changes hands allegedly into hedge funds.
We then have an independent evaluation which puts a fair value of 61c a share. In fact everyone is aware that what was once a speculative venture is becoming a well and truly profitable operation. Real oil, real dollars.
And now AWE comes back with a derisory 42c offer which is intended to pick up the millions of hedge fund shares that changed hands over the past few weeks. And the ADI Board seems to accept that the company the are supposed to represent is going to taken over for at least 50% less than a it's fair value
Neatly snookered. The investors to date took the risks. The big boys take the profits.
Most oil exploration companies fall over before they make a buck. It seems that most profits are made by the directors, in the initial IPO and then trading the stock between promising drills and dry hole disappointments . And now when a company actually seems to have made a worthwhile discovery - it's neatly swallowed up for a fraction of it's real value.
I think this represents an abuse of market power. I also think that if it is successful then it will be repeated with many other similar companies. It's just too good a lurk to be missed. That is not good news for investors who arn't in the big loop.
And finally. I wonder why the current Board didn't have the courage to say that the final offer is quite inadequate; that the shareholders interests have been seriously damaged by the current play and that the actions of AWE in creating this situation are unconscionable.
lol angusSmart
awe is never to see a penny of mine!! i think a lot of investors will steer clear of them, and your correct in seeing their own performance is dismal thus far..
i am real curious on the aut share price,, 1.5% of the share traded on friday..
its got a wings after a 40% dilution hasnt it!!
Thank you Basilio
Finally someone is seeing what im reading into it.
ADI management appear to be selling down the river.
That they are, but i dont think there is anything they can really do about it.
It's a bit harsh blaming Agentm for what it going on. All he can do is call it as he sees it. Things have taken a turn for the worse, but that's not his fault, and shooting the messenger won't help. The reality is, AWE have very cleverly, perhaps underhandedly, and maybe even with some dodgy assistance, set things up so that they'll have over 50% of the company and thus be able to get their own way with everything. None of us wanted it, Agentm didn't plan or foresee it, but sometimes unfortunate events occur and things don't go as we'd planned.
If everyone who holds stood firmly together and refused to sell, sure, we'd be fine, but when there are more of them than there are of us, we just don't have a choice. If you're clearly outnumbered, sometimes it's better to retreat from the battle than be slaughtered, even if you would love the victory and deserve it.
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