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Could be a good sign, could be a bad sign.
If good it might mean there's a competitive auction process with bidders carrying out DD (which takes a while and is expensive so would show serious intent).
If bad it might mean they're struggling to find a buyer.
Maxi19 I bought before suspension, and am convinced that SED has to be worth way over what the market cap at suspension was (circa 1M). I find it hard to believe that shareholders will walk away with nothing out of the administration process. If you listen to the many Trolls on this board(which I don't) they are trying to convince all and sundry that SED is worthless. I don't buy that, and I believe that and many sceanario's can still play out.
The company may also return out of administration with new financing. It's a good business and I do not buy into it being worthless, quite the opposite in fact. GLA LTH.(Ignore all Trolls, and doomsters)
Sharemeister, all the staff have been let go so I don't think this is coming out of admin.
Related to that, the mcap before admin is irrelevant to the question of whether there will be a shareholder return. It's relevant to the question of what gain people who bought in at that price would get, but the key question is whether the administrators can sell off the assets for more than the outstanding debts.
Like you, I struggle to see how the assets could be so worthless so as to not be greater than the relatively small debts. But there may be something we don't know. After all, each of the major shareholders dumped their holdings and admins hardly ever produce a shareholder return, so it doesn't look good on paper.
Maxi19 get off this BB, no more posts, Saietta is dead.
Saietta may be dead. Shareholders may still get a return.
What’s it got to do with you who’s on this board ?? Bell end
Look at what’s happened at bidstack. The board who failed shareholders have bought it out of admin and shareholders have been shafted. I’m afraid this is dead.
Jrlomax good post
Bloomy company dead, so vacate this BB I don't mind you posting on other boards, but you playing into hands of losers like max19
Are you bricking yourself that if you're slightly wrong with this you've missed a multibagger?
Oh thanks for letting me post elsewhere !!! Some proper sad sacks on these boards . Telling people a share is dead and don’t post on this boards whilst posting on this board pmsl 🤣
Guys I have received a letter from my broker saying that the company recently announced a corporate action,
Is this any good or is it the end game
Probably the suspension of trading.
Haven't seen anything else.
Of course they could know something we don't. It's almost certainly "game over" in terms of the share being listed, only question is whether they can sell the assets for more than the debts. Statistically they're unlikely too but I remain hopeful.