By Nigel Somerville, the Deputy Sheriff of AIM | Sunday 17 March 2019
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Cynical Bear covered Duncan Soukup’s Thalassa Holdings (THAL) previously on ShareProphets (see HERE) and concluded that it was not the bargain he first thought it was, highlighting a few oddities along the way. Not least of his concerns was that Thalassa – supposedly an operator in the oil and gas services sector – ended up with about a quarter of the shares in Local Shopping Reit (LSR)! LSR has been disposing of its holdings and proposed a Member Voluntary Liquidation to return the cash, which Thalassa blocked. Now Thalassa has launched a takeover offer.
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