Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Whats annoying is his twitter page where he decries other people for being liars and scumbags by ramping or ripping people off through share placements, and he's done far far worse here. All this return value to shareholders ******. The only shareholders he's looking after are his mates. What a low life!
He had an opportunity to make himself look really good. But instead chose to confirm the fact that he's a total lying sh*t. What a complete shyster.
Its worse than I first thought trying to work numbers in my head. There are now 8,949,299,416 shares in issue. Rounding DOWN Dan's numbers on the directors holdings to 45% means that 55% belong to everyone else. 55% is approximately 4.922 Billion in others hands. For 4.922 billion to be 10% of the share capital ; the total share capital has to be 49.22 billion shares; rather more than the stupid off the top of my head 20 billion. Makes a huge difference to what a MILLION shares are worth. Works out at 0.000816p per share. Thus 0ne million shares will be worth now £8.16 instead of £16 as they are possibly now. In my wind up scenario after great investment success there will still be £360k for the 6 directors and £40k for everyone else to share. Just a lot less per share. Sorry, its far worse than I thought. What is clear is that there is every incentive for the directors to create masses of shares to award themselves. The ordinary investors can not win even if the directors have significant success investing the £85k You are being diluted to oblivion. Sorry about my poor sums .
I was giving BMD the benefit of the doubt, hoping he was doing something for shareholders based on a sense of gilt for how he contributed to destroying the company. He's proved the opposite in fact, y kicking holders straight in the teeth. What a scumbag.
correction; should read 0.002p .
NEW! another of the pumper dumpers playthings. The point of directors keeping SER going is to line their pockets imo. BMD indicated that they had punted £85k in to 4 stocks. Say they do reasonably well. Next year the directors issue themselves another few billion shares. The investments continue to do modestly well. Next year , they again issue themselves billions of shares. It goes on. In a few years time the directors own 90% of the company. Maybe they made stunning investments in that time and the investments are worth £400K (don't laugh!). Then they have a board meeting one day and a motion to wind up is passed. The directors the have 90% of £400k to split between them; £360k.. Every other share holder has just £40k to split between them. By now the share capital is around 20 billion shares. Each share is now worth 0.00002p each. So a holding of one million shares has gone up from being worth £16 to £20. Wow! you are better off by £4!! What's to complain about? The directors are delighted of course; they are splitting £360k amongst the 6 of them. About £100k going to Dan. Good old Dan. This all depends on a good deal of investment success on the directors part. But they will obviously deserve the cash as they have added £4 PER MILLION to the value of YOUR shares; BE GRATEFUL and all praise Dan. Of course, they could make a complete f*** up and invest in another dog like SER. I am just trying to look on the bright side lol
Sorry I'm missing something here The company hasn't got a lot of money It needs to be listed really for a RTO I have shares in new but that has a big investment in bst So I can see why the directors want to keep that going Until they work out a way of getting theirmucky little hands on it But this i can't see the point
BMD lambasted Ellerton when he changed the companies articles of association to allow the company to issue an unlimited number of shares. BMD is such a hypocrite. He has used that facility to effectively take total control of other shareholders money and democratic rights. BMD and his 'directors 'now own over 45% of the shares. How could he removed from his post now? This company has effectively been lost to BMD.
Cal li fornia J oe
I guess its a case of do they care what the affect is on their name. I used to live not far from a guy called 'shameless Mick'. He was put in prison a few years ago, for burning several of his kids to death, by setting fire to his own house. The reason they called him shameless Mick, was that he didn't give a sh*t about what people thought of him, in fact he quite liked peopl thinking he was a t*sser. Looks to me like BMD is cut from the same type of clothh. What the fook has ************** done, to be given millions of shares?
I can't understand why anyone would risk their name for what they will gain as a ned in this company
The shell is worthless without any listing. Those clowns lost the only thing of value SER had left; its AIM listing. The chief cheerleader Cal li fornia J oe is now a director. Its outrageous.