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We all know that directors have a “duty” to report to shareholders and the Market but is there a statutory limit to how long these silent gaps can be ?
OTL
It will come to an end when RY has spent all the money
Morning All,
Haven't checked in for a long time here and have been trying to keep optimistic the banking gets sorted.
My simple mind says there must be a solution. MD's point about Red Bull still being sold in Russia would sit alongside many other western brands still being sold in the country, and money must be being repatriated in some way.
I won't confess to being familiar with the detail of the sanctions but with brands operating, gut says there must be some way of overcoming the banking issue.
What I don't like is the radio silence from the BOD. Appreciate its the latest in a long line of poor comms, but at this juncture, even an update saying situation is as was, would be appreciated.
Anyone have a guess of when this saga will come to an end one way or another?
TheEast
I lost 45%, and if I hadn't sold, it would now be more than 60%+ I'll never forget the RNS on January 25 telling shareholders that he received a £100 million bid. Since the summer of 2017, I think we have all been done us all up like kippers. That this is still listed is incredible.
Wax lyrical if you like,your self importance still rises through.
The complexities of the market make no difference.The directors of Amc and their well-being have always been the priority here,sadly that’s the area most were,including me were a bit thick.
MD
Hi MD, that’s not my point there are some very intelligent posters. Intelligence isn’t the issue, it’s that they don’t focus on the Industry aspect. Same with all these bb’s. Intelligent posters post about what ‘they’ think is relevant without any knowledge of how the Stock Market works & others blindly follow. Sometime’s a gripe at Market Makers, that’s all. It’s a sweetshop without any consideration of what’s occurring behind the counter. With more liquid listings We are trading against the Industry but with illiquid stocks the controlling interest is more prominent. Look at last years graph, if you think the wide swings are due to PI’s little trades, your mistaken.
What’s going on here, obviously very little. Is that due to circumstances or other ?. Surprisingly there appears to be a desire to continue with this listing & the carrot has always been the wonderful deposit. I hope you get your Divi, but if it’s not forthcoming I don’t think anyone will be surprised.
Read your own post and it’s quite clear.All you seem to post is condescending remarks about pi’s lack of intelligence.
On this particular bb the only thing that the pi’s can understand is that they were told a dividend of 1.8 pence would be paid for the sale of A mine.The deal was agreed in October and we are all wondering why we’ve heard nothing.
Perhaps with your vast knowledge you could tell us as it seems the ceo of amc will not
MD
Hi Spud, I think these bb’s are very dangerous. The stock market is not what it appears. Joe Public focus’s 100% on the Company & what they can find on the Internet. For the Industry sitting in the background, that We interact with & are running the show. They focus 100% on the listing mechanic’s & values being traded etc, to profit. I ‘never ever’ see any mention of the Industry on these ‘Retail’ bb’s. Which I find quite astonishing. Even PI’s trading do not appear to understand the set up & mechanics involved. It all looks so simple, Posters have no idea.
Red Bull are still selling their product in Russia I see.Perhaps AMC should open an account in Austria as money must be flowing into Red Bull’s account.
Meanwhile we once again wait in another of Robin Young’s silent spells.
MD
I should have said a penny, but it isn't even worth a tenth of a penny.
DB, do you recall the £1 party from back in 2009? LOL, it's now worth a tenth of a penny. Still worth ten times too much, though.
Does anyone remember this bb a few years back, a guy posting that all he needs is 22p to get his money back….. not a chance in hell. Newbies don’t look back at the previous posts do they. It’s all been discussed before, years ago.
Sviblov will end up getting Amur for nothing. One twitch from Putin will signal some dodgy deal and AMC end up with zilch. I’ve written this off. Was too greedy and bought back on at 1.2 hoping for funds to transferred and Icd get out at 1.6. Only £4k but a loss is a loss. RY not trustworthy , reliable or competent. He’ll be ok though you can be sure of that.
Geng
Im really concerns now, we didnt sign upto this when he wanted us to agree deal he madenit feel like it would be easy, we deserve an update.
You get directors who dont care about shareholders, unbelievable how he is treating shareholders.
KYC doesnt take 4 months, i know Kinross deal was delayed cos Sviblov financer was sanctioned is it really something to do with that maybe?
BAT is a multi billion dollar company and can grease the palms of many a banker and government personnel.
AMC isnt and cant.
British American Tobacco expects to complete the sale of its Russian business to a local partner this year, the FTSE 100 group told investors Thursday.
I wonder if they will have as much of a problem recovering the sale proceeds as AMC appear to be having ?
Catsalmon - it's people like Robin Young that do that. Not me. Filter away if reality offends..
Just to reiterate rog65...deramping That.. you do the exact same on several boards here. Get a real job, not one that parts inexperienced people from their money. Sc3m
T3at
'All more likely than a shady deal.'
Nah, sorry Kwinnee. Think a shady deal has much better odds. This is Robin Young and Vladislav Sviblov we're talking about. I wouldn't be surprised if we never see a penny and the two of them have already worked out how the Directors get a wedge and Svib gets Amur for next to nothing.
Only got 400k shares so it's not the end of the world if it bombs. Have written them off so in the unlikely event anything does happen it will be one heck of a surprise and I will fall off my chair. And then eat my deer stalker....
Sorry AGM is in December, so he may have another almost 11 months of Gravy Supping!
I can't remember the full terms, or if the offer 'pauses' things but doesn't AMC lose the licence if a plan isn't submitted this year?
Either way RY will milk this with or without the sale until October, where I'm pretty sure he'll get kicked out at the AGM.
He's only here now because he cleverly managed to leave things very much in suspense in order to get voted back last October. We've all known for years he's only out for the gravy train ride and income - never a return on any investment. He'll get less than a few on here from the sale, and certainly less than a years income - keep the train rolling Mr Young!
That's all pretty irrelevant as I've only ever traded AMC and what I hold now owes me nothing so will just leave it on the AMC gambling table. There is a bit of strength returning over the last week so may be an opportunity to sell some of the .90p buys for around 1.2p+ in the next few days, who knows the deal may even complete or it may just be the pigs are assembling on the runway!
That's some seriously wishful thinking there kwinnee
Here's hoping you are right.
Perhaps AMC want to be in a position to confirm the RTO at a similar time to confirming the transaction
May just be buying some more time on the RTO
Or there is another buyer that has declared an interest
All more likely than a shady deal. If RY wants to drag out a wage then completing the transaction, paying divi and being left with £10million in the bank is the better option.
Money has gone here imo. I don't think share holders will receive anything once RY and Svidlov have wangled some kind of shady deal out between them. AMUR has gone deathly quiet and RY nowhere to be seen or heard.
Game over. It's the great AIM for you.