15225 replies to this topic

[Midas1]

I think the courts are crossing the Ts and dotting the I's so that nothing can come back..

Isnt today a done deal anyway?

[Tiekkie]

I think the courts are crossing the Ts and dotting the I's so that nothing can come back..

[Bushmanbob]

I hear you, but that is the main valid point they have, they were sold fraudentlly priced shares where the seller new the price was way less and couldnt cash in at the high price they got for them...that to me as their lawyer would be the ins and outs of it.

Fraud has yet to be proven - as Piet Viljoen correctly states.  So it would help TT guys if their lawyer was actually able to prove what the European and other courts have failed to prove.  Until such time, they will find it difficult to argue this point with any real conviction.

[Midas1]

it will come soon after the ratification i think.....so hopefully in the next hour or two

thanks

[Africa1962]

When are they likely to put a sens out about todays meeting?

 

it will come soon after the ratification i think.....so hopefully in the next hour or two

[Midas1]

Assisted buy all markets in the green!

When are they likely to put a sens out about todays meeting?

[DayTraderDad]

I think its speculation before the Amsterdam court ruling!

Assisted buy all markets in the green!

[DayTraderDad]

Morning all,
 
what is driving the higher price at the moment ?

I think its speculation before the Amsterdam court ruling!

[Junz]

Morning all,

 

what is driving the higher price at the moment ?

[Peanut_Butter]

Share Price @ R3.34

[Midas1]

those are massive deals imagine they had the option of dumping the shares what impact that would have on a share price ... same deal SNH is doing now with Pepkor shares in the settlement..

I hear you, but that is the main valid point they have, they were sold fraudentlly priced shares where the seller new the price was way less and couldnt cash in at the high price they got for them...that to me as their lawyer would be the ins and outs of it.

[Tiekkie]

Agree with all of you except they werent allow to sell theres for years..and the question is why

those are massive deals imagine they had the option of dumping the shares what impact that would have on a share price ... same deal SNH is doing now with Pepkor shares in the settlement..

[Midas1]

but they had an option to take shares or cash....so they have to take the risk like everyone els when you buy shares

Agree with all of you except they werent allow to sell theres for years..and the question is why

[Tiekkie]

20% increase or 20% fall today?

[Tiekkie]

https://www.biznews....mostert-viljoen

Piedt taking him apart

[Tiekkie]

https://www.biznews....mostert-viljoen

[Bushmanbob]

but they had an option to take shares or cash....so they have to take the risk like everyone els when you buy shares

I agree Tiekkie - Shareholders at the time had paid for their shares in SNH.  TT guys didn't pay cash but they exchanged their company for shares.  There is no difference in the sense that everyone who held shares paid something for them be it cash or as an equity swap (in the case of TT guys).  How then do TT guys think their claim is any different from anyone else? 

I mean can you tell me the difference between TT guys claim and the claim of institutional or retail investors who had purchased R3.2 Billion of SNH stock?  The TT chaps swapped R3.2 billion in SNH equity for their business, the investors swapped R3.2 bill in cash for SNH shares - no difference, in fact as has been discussed numerous times, the TT boys were better off because their business was actually worth significantly less than the R3.2billion premium price SNH offered.

Everyone who had shares at the time when news emerged of the alleged fraud (and at this stage is has been alleged, never proven in a court of law) has the same grounds for claim as the TT guys which is precisely why the Global Settlement is in progress.  They should be classified the same way as everyone else who held shares at that point.  

Man alive.... I think SNH should issue all shareholders who have held shares for longer than 6 months, with blood pressure medication.  Or we should mount a class action suit against TT boys for our pain and suffering.

[Tiekkie]

When I bought shares in 2019 it was at R6....and I lost 90% of my value....I have been accumulated ever since to average down .....patience was the order of the day

[Tiekkie]

Well splitting hairs, the CEO should take responsibility...thats just my thoughts on this..but that is where I see their point would be..they couldnt cash in..

but they had an option to take shares or cash....so they have to take the risk like everyone els when you buy shares

[Midas1]

I dont think they would have a case if the shares had just done a small dip,,or medium dip, its the fact that a large amount went down to nothing..due to books being cooked