I'm still hanging in here but am way past bored waiting.. they were originally going to have an EGM ahead of AGM to vote this through.... now they'd be lucky to get to include this vote in the AGM.. AGM should be in next couple of months so hopefully that will motivate Shangdong Rui to push on here now towards getting that 51% ownership sign off done at AGM..
There's a circular due any week now outlining why Bagir shareholders should pass the Shandong Ruyi 51% proposed buy in - and an agm/egm towards hopefully voting it through to follow - and that circular should spell out clearly the benefits of Shandong Ruyi coming on board.. and could - should imho - give the s/p a big pick up in short order (this buy in will be a transfomational occurrance imho)
Note that if it is passed the total cash payment for buying into 51% is worth north of 2p a share in itself. ( and 10% odd already received ) And the agreed buy in price is approx. 50% higher than the current share price.
Again, this is small cap speculating and can easily go very badly for all sorts of reasons, many not easily predictable, so, as ever, DYOR
I like this but don't really want to sell any sub 4p .. and i'd only sell a portion then.. and i've only got a few thousand pounds worth so far, unfortunately ... but my 2.1p average is looking more decent now, at least.. and if this comes back under 2.5p i'd buy some more..
with the monster Chinese company on board there is real potential here for a proper come back now imho
don't do this at home folks but i'm going to keep buying on the way down..so i've just bought a small amount more at 1.9p and would do similar at 1.6 and 1.3 and 1.0 .. if it were to go that low ..hopefully not but this is hard core punting so of course it could..
PS; starting small is appearing like a good idea here now :-)
A flyer here for me but they just got a super large chinese investor strategicllay invest at well over 3p and i'm buying this morning for the first time at 2.2 p..... so there's got to be significant hope of good upside in due course here.. that said it has a dog history so a pure - small but hopefullly to be added to as we go - punt on my behalf and as ever DYOR
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