We would love to hear your thoughts about our site and services, please take our survey 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.
Parson's = everything that is wrong with the AIM ...right there ...right now!!! IMHO
Confirmation that this whole set up is a con.
Investors have put money into this business based on the Board of Directors stating to them that a key strategy is metals exploration in South America... No further explanation, updates let alone results.
Sounds typical of any organisation that James Parsons is associated with.
I wonder if the FCA will ever investigate his activities???
AIMHO
Are salaries and fees still being paid .. if so what for? The ghost ship is still afloat……. just! Unbelievable Jeff!
No, only the ones who held the stock the 16th of February got them. It's impossible to get preferentials any more.
Common shares will get some exposure to the award too, but comparatively is way too small for the risk imo: 50% of the award, +-35% of that for lawyers, another 25% for taxes, minus millionaire performance bonus for management, minus the expected dilution which is going to be probably the main problem here as process will take years... and whatever is left wont be valued at money value as it wont be distributed, I'd expect at least another 20% discount on top.
I think there are better risk reward options with earlier finish lines than the commons: Personally, I sold my AST.L commons and will play the award with the preferentials as I cannot sell them anyway, and moved the cash to Montero Mining MON.V which is trading at $0.21 and should get to $1.5 after an award this year with way less risk in the trial, as their case is a copypaste of the ones already won by IDA.ASX & WINS.V, even lawyers are the same
Do all long term holders get these preferential shares?
Thank you bobby6 for your reply to my question, fully understood.
They're probably the only ones worth holding imo. Holders of preferent shares receive 50% of the award through a dividend. The other 50% is reinvested into the company. Preferent shares are non tradeable. When there are placements and number of common shares increases, number of preferent shares stay the same and do not get diluted.
My share account seems to have received an amount of preferential shares in addition to my ordinary shares. Could someone please explain what these are and if they are worth holding. Are they like a dividend from the company. Thanks in advance.
Couldn't agree more!! The legal case is beyond the intervention of the BOD. So exactly what are they doing with the rest of the business in the meantime??
Probably just giving the same amount of attention to their other part time roles.
Any payout is going to come with enormous expense - mainly through the top heavy BOD & their ridiculous remuneration!!
Groundhog year (not day) whilst the only thing moving is the cash that pays the directors and executives..what an absolute nonsense .. these people and company are...... IMHO
Or drunk
£79k buy. Someone is feeling confident
Hmmm…
https://x.com/puppyeh1/status/1762109390793118059?s=46&t=XoGuyEDDIkFm8ko5sKctdw
Looking forward to tomorrow to see if the rise continues
Derampers keep saying any proceed from tribunal will go to special dividend shares.
what they forgot to tell you is that, only 49% will go to the special dividend shares. the other 51% will go towards the rest of ordinary shareholders, which AST can use for other projects etc. all these after deducting costs.
bottomline, with tiny mcap of AST at the moment, any decent amount of awards will bring huge uplift to our sp
No but what must be rocket science is the fact that the company are setting up a vehicle to pay a special dividend, will be taking bonuses, will be paying Enyo and no doubt have other costs to fiddle away. Explain why it will rerate?
If AST receives even just 10% of the damages claims of £656 million that’s £65 million. At the moment AST’s value is just over £5m with 200m shares. It’s not rocket science
Well it wont since you cant proactively change rules/laws then go back and apply them.
Why do you think we're in arbritration in the first place?
Rerate to 30p? Why? Clueless ramper
That could signal the get out clause for Slovenia. Be interesting what red tape starts to emerge over the next few weeks. Worrying.
It would be good to know AST's cash position.
Should be the start of a massive rerate now. 30p minimum
One would like to think so
Good news. Hopefully soon there will be alot of incoming money paid back.