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Thanks fwyburd I missed Graham's response. I use the Hargreaves Lansdown trading platform and on the dealing page for REDS there is a "bid situation" comment though no further clarification, so H/L presumably see the bid situation as "live", it is that which prompted the question.

Paul with regard to REDS do you have any insight into the contradictory statements relating to AP Systems "initial approach" to the for the company on Thurs 28 Sept. REDS subsequently stated on Fri 29th Sept that no such approach had been made.How those two positions can be reconciled is beyond me.One must be untrue though further clarification has not been forthcoming from either side.

Sold out at £1.90 last week as felt the possibility of the bid failing was disproportionately skewed to the downside (c. -25% on SP of £1.90 ---> £1.40). Bought back in this am at £2.07 (downside to £2.03 only 2%). The immediate response by Deltic to the bid RNS indicates to me that they are still serious about the merger/take over and I would personally…

Paul,Graham Great job, both of you. SCVR - Early v Late The argument here seems to be characterised by whether readers want speed or quality. I don't understand their dilemna. What you are offering in the new format is not one or the other but both. 1. An early (more speculative?) analysis highlights early opportunities you have identified and we as investors can follow up…

RBG.Well done unwarranted pull back in the share price based on "fixable issues" had the ne'er do wells and doom merchants out on the "boards", so full marks to you not only for justifying your positive initial view of the company but also topping up when the S/P hit the fan!! As the saying goes "form is temporary class is permanent". Congratulations.

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