Sorry to see another genuine investor leave Spudderman, your post is a pretty accurate summary of what's going on I think. Truth is no one knows where SLE is heading, despite 90% of the trash posted here.
With regard to Tosca and their use of 'complex derivatives', yes I think this has happened in the past when there were substantially more private investors on board. When you own 35% of a company and around 40-50% is held by small investors and AIM punters it's pretty easy to shake the share price tree and pick up what falls off, especially when there is a prevailing atmosphere of doom and gloom. Now there is a bright new narrative that looks much more lucrative and well thought out than fracking in Poland ever did. Now the pi's only own about 10% of the shares and most of those are grizzled veterans who won't sell up easily. I've seen my shares hammered down to the low twenties and written them off a few times and so a bit of shorting without seriously bad news won't phase me at all. No, Tosca have now got too much at stake to play drastic games with the share price. They have well and truly thrown their hat into the ring with SLE and, sooner or later, they need to make a stunning success story out of the share price if they possibly can (hence the warrants with a seven year life). when that happens I want to be there to get some jam...after years of dry, white toast.
My concern is that Tosca are not the usual run of the mill investment house. They control over half the shares available but have declared they do not want the company. (via Application to Irish Takeover Panel).
They are more about using complex derivative to their advantage rather than company fundamentals. My argument being, if you have not subscribed to their services then don't assume that just because they are buying that you will benefit by hanging onto their shirt tails.
alternative investment manipulation is commonplace in this investment vehicle and there are numerous non performing culprits including sandilutionenergy,though one suspects someone ,somewhere will be held to account at some juncture.Glad to see that you have bailed out of this one,genel and UJO are worth looking at if you feel that way inclined.GLA
We can't expect Tosca to be thinking of our best financial interests. They don't care about us any more than we care about them and rightly so. They aren't some kind of financial charity that is obligated to contribute to our personal wealth. However we can still benefit from their lead. Sooner or later Tosca expect to make money on this share as do numerous other institutions. The pi's are dwindling fast... but some are hanging in and waiting. I don't see any of the institutions reducing their large chunks of the company. I'm content to watch shrewd investors like Tom Winnifrith who recently said about the placing: "For once we are on the same side as Tosca Fund which did most of the placing as we also had a modest nibble. Delivery is the key but on those sort of forecasts it would be rude not to invest. " After a long time waiting, now is not the time to get cold feet.
Good Luck spudderman. Its quite a learning curve, I know, I have been through it.
You make some good points and I hope others can learn from your experience. Many have been fooled by teamrampit up, but its their job to pull the wool over the eyes of the innocent whilst the big boys enjoy their lifestyle businesses.
Ask yourself, when a company has no income for several years, where does the money come from to pay dream wages to those at the top.
Could it be the hard working private investor trying to invest, on trust, for their future?
All in my humble opinion and I welcome constructive debate, but suspect abuse and name calling from those that have no real FACTS about return to Pi's except "this time next year Rodders we will be millionaires"
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