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Canava

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  1. Canava

    AAH

    shapeofire I asked mminion this one and he stated he could not provide such commentary any more given his role at sharescene. I have very high regard for mminion (I made a lot of money shadowing his plays) and his position of not providing commentary or share suggestions is completely understandable. However, given you're not in mminion's situation, for purpose of posterity could you suggest just one stock today? That way I can look back say, "Gee I should have listened to shapeoffire. If I'd sold my AAH to Cephalon I would have had the money and put in XXX that shapeofire was keen on and would have made $XXX". Can be anything shapeoffire - BHP or SAU or MON TGR, CIL, ANZ, or even put it in the bank or under the mattress.
  2. Canava

    AAH

    taupui, Thanks for the ASIC suggestion, I'll surely throw in a protest.
  3. Canava

    AAH

    Barry, Looks like the jig is almost up then. Can’t see anyone taking this up. Still I’m not selling – they’ll have to compulsorily acquire mine...(more confirmation the market is not rational). Now, Cephalon have 90.41% as of their last announcement 15 Jun, so I’d guess by 29 June they will have almost the rest. It’s a forlorn hope, but maybe someone with a million shares might hold out and try it on in court – wishful thinking I suspect. Anyway, thanks for all of your efforts – shame there weren’t a few more with ticker like you. Sorry to hear about your family woes. All the best mate.
  4. Canava

    AAH

    Given that Cephalon own 90.41% of AAH as of 15 Jun 09, I’m mighty impressed how much activity/posts there have been on Arana. mminion, you're advice is probably wise counsel. However, if you're right about it 'taking years to resolve', then I'm happy to stay in for this reason alone as I'd expect positive results on 621 and if that happens that might just make Cephalon’s offer of $1.45 look pretty pathetic. Also mminion, re “the market is full of opportunities...†I'd really appreciate it if you could list a few of these, so I can look back and say, "Yep, mminion was right (again)".
  5. Canava

    AAH

    Fair point Wolverine. Unfortunately I reckon you're probably right. But I say probably...right.
  6. Canava

    AAH

    I’m up for any ideas /strategies to stop Cephalon compulsory acquiring my shares at the very unfair / no value / opportunistic price of $1.40.
  7. Canava

    AAH

    You can say that again inflamed. Cephalon also rang my elderly parents up tonight and who are also on the Do Not Call Register and badgered my mum. The woman pointed out what is already publicly known - that Cephalon had achieved 89.24%. My mum said, "So what happens if you don't get 90%?" The woman replied, "Well it will continue to trade on the stock exchange, but you will risk the price dropping significantly lower". On what basis does Cephalon make this claim - that AAH may drop significantly lower? Is this woman licenced to provide independent /financial advice? Further threats to the little people. As far as I'm concerned it is a fait accompli Cephalon will get 90%. So why the continued harassment?
  8. Canava

    AAH

    Just had Cephalon on the blower yet again, despite being in the Do Not Call Register and despite me previously explaining I was not interested in their offer. The guy explained to me that if I did not accept and Cephalon move to a compulsory acquisition position, I may experience lengthy delays in getting my money. So now they are threatening delay tactics when they get to 90% to somehow compel or scare me into selling at this grossly unfair price.
  9. Canava

    AAH

    Thanks pharmaboy for the link. I just had to highlight this gem from the interview. - re "...protect the minority shareholders" Isabelle Oderberg: Are you pretty confident you're going to reach compulsory acquisition at 90 per cent? Frank BaldinoJr: Yeah, I'm very confident that we're going to do that and yeah, even if we don't in the near term, we'll still run it as a separate and independent public company to protect the minority shareholders. Pleasssse Frank! How is it that Cephalon are protecting a minority shareholder like me? And how exactly do you intend to 'protect' me when Cephalon get to 90%? Oh, that's right, you'll forcefully take my shares and offer me pittance in kind. Frank, a tip for free, this will cost you quite a bit in legal's if you think you're going to steal my AAH for $1.40. I was in this stock for $14 not $1.40. However, I am a reasonable person and a realist, so the recent independent valuation would probably be a price I would reluctantly consider. Frank, I took all the risks that biotech companies expose shareholders to, it was shareholders like me who provided the capital for AAH to R&D and ultimately become a success, so surely I'm entitled to share in the spoils of success?
  10. Canava

    AAH

    Noticed that at least 55,265 shares were traded at $1.40 today (Wed 10 Jun 09). I wonder if that is Cephalon buying ... getting desperate. Or maybe it is one of the good guys (us) buying - making Cephalon's aim of screwing everyone left - a little harder to acheive.
  11. Canava

    AAH

    According to the last substantial holding notice on 04 Jun 09 Cephalon held 200,997,372 AAH shares - in other words 201 million shares to give them 88.15% If my maths are correct Cephalon are roughly 4.2 million shares shy of 90%. On 04 Jun 268,215 shares traded hands, 05 Jun 143,915 and today, 06 Jun, 24,319 shares. Assuming Cephalon bought all of these shares over these three trading days that gives them another 436k. I'll also be generous and guess a few more shareholders accepted the offer, say 1 million, then Cephalon are still three million shares short. I guess they just need to get at one more large remaining holder (offer them some off-the-record incentive) and then it is all over. Well, almost, as I'm surely going to want to seek legal advice about fighting any compulsory acquisition of my shares. To those in the know please give me a heads-up, or a good lawyer's name.
  12. Canava

    AAH

    Oavde You're probably right about Cephalon laughing at little folk like me taking them on, on the compulsory acquisition issue. And you'll probably be proven right about me being better off taking their money and running - and investing in another play with more upside. And as you also stated some posts ago, it is unfair that so many shareholders took all the risks and now will never share in the upside. However, I won't be parting with my AAH shares until Cephalon forcefully take them off me in a compulsory acquisition and that will be after I've considered legal action to stop them. Even if I "...don't stand the chance of a cinder in snow". And Yep, I'm prepared to throw money at a lost cause if I can get any legal advice to say I have even a remote chance of stopping Cephalon acquiring my stock at the woeful price of $1.40. I have a huge blue sky valuation on AAH's worth, which I realise I'll never in reality share in, but I am a reasonable person, who would rather avoid litigation, and so if Cephalon were prepared to offer me the value of the recent independent valuation on AAH I'd roll over like our AAH directors.
  13. Canava

    IAS

    Into a trading halt today - and here is the outcome... 60 cents. Sure beats the low-ball offer of centrebet made - 28 cents upto 33 cents if they got 90% http://www.independent.ie/business/irish/p...ny-1760292.html Paddy Power unit agrees to buy Australian company By Louisa Nesbitt Wednesday June 03 2009 Paddy Power said its Sportsbet unit agreed to buy the shares it doesn’t already own in Australian online bookmaker International All Sports. Sportsbet, which already holds about 20 percent of International All Sports, is offering 60 cents a share for the stock, valuing the company at 40 million Australian dollars, Dublin-based Paddy Power said today in a statement. Paddy Power will provide maximum funding of 16.3 million dollars for the purchase. “We view this as a strong deal for the company as the relaxation of gambling legislation in Australia, notably advertising restrictions, has created an extremely attractive growth market,†Killian Murphy, an analyst at Goodbody Stockbrokers in Dublin who rates Paddy Power a “buy,†said in a note. Paddy Power bought a 51 percent stake in Sportsbet last month to expand into Australia’s gambling market. Paddy Power is boosting its overseas presence as recessions in Ireland and the UK hurt wagers placed in betting shops. International All Sports offers bets on racing and sports over the Internet and by telephone. Paddy Power rose 6 cents, or 0.4 percent, to 17.26 euros at 9:23 a.m. in Dublin trading, giving it a market value of €822 million. (Bloomberg) - Louisa Nesbitt
  14. Canava

    AAH

    Thanks waggaluci and Wolverine. Still, why bother sending a letter saying we're unable to contact you because you're on a 'do not call register' and then completely disregard their own letter? I guess it isn't a big deal, but seems to be encapsulate the way Cephalon do business.
  15. Canava

    AAH

    PS. I gotta say Cephalon suck. On 31 March 09 I received a letter from Cephalon that said, "We would like to contact you to talk about our offer, but have been unable to call you as your details are on the Do Not Call Register" Yet a few weeks ago, Cephalon rang me up despite acknowledging in writing that I'm on the Do Not Call Register.
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