The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
"However I think it now time to try and put it behind you"
Thought I was till some scroat started prodding the fresh wound.
Guy's
It's a reminder of how risky the stock market can be !! be safe out there .
Wolster, I can understand your anger at selling out and losing money, and of course I don’t know how much you lost it none of my business. However I think it now time to try and put it behind you and treat it as one of life’s very harsh lessons. You won’t end up with the pot that you thought you would but you’ll hopefully still make money out of this. Chin up mate
I am blaming only Alexi not telling the BOD.
The BOD handling issue stems, from gifting shares without clauses (to such a loose connon type of individual who shows his true colours by not informing the BOD of sale) preventing early sale prior to conclusion of the process.
Wolster,
In your defence, I believe you are being honest in your analysis of what happened to you, and its always hard to admit, when we get it wrong especially from an emotional viewpoint, and I agree with you that Alexi, should have handled this wish to sell his shares, a lot more professionally, his actions have cost many PI's a lot of money, and he should be brought to task for it.
@kira001
Far from it but i have to admit it was a bit of a shock when i looked at my PF at 4.45 yesterday but i thought heyho I will just have to retire later (av 13p so a bit in hand). When i saw the RNs this morning i thought my only course of action would be to buy more , so i liquidated some other stock and bought another £50k @ approx 24p and i am staying until the "fat lady sing".
The only downside I had is the fact I was aware yesterday afternoon otherwise i would have bought £50k as cheap as chips.
GLA
Wolster I'm sorry you lost out on this, I did a similar thing last year in this stock and it sickens you. If he had contacted the BOD would what they put out via RNS had a very different effect? Who'd have predicted that reaction yesterday?
Well that's been a bit of strange 20 or so hours. Hope all invested are OK.
Tbh, I can see where Wolster is coming from and I don't think they deserve the stick they are getting. Firstly, on reflection I don't think the BOD did know about this and I expect whoever said (think it was lancerman) if the seller had approached the BOD they would have told him he couldn't sell. He was probably faced with a situation of needing the cash come what may and thought the only way to get it was to bypass the BOD.
However, given his title and the pomp which went along with his joining then him selling is bound to raise a few eyebrows and I think it could have been orchestrated better. How they could have done this is difficult to work out.
Just because Wolster let off some steam about it doesn't justify them getting stick. GLA.
So in your eyes Wolster: what should/could they have done differently? He is and was entitled to sell his OWN shares, just like us.. I am just trying to understand your point of view here :-) But it seems to me that you are very angry with yourself for selling the shares yesterday at 4pm - which is as I can imagine not nice, but you can't keep on blaming everyone for your own mistake...
"You emotions are contradicting with your decisions"
My emotions cost me money at 4pm yesturday, my fault.
My sensible side took over this morning & bought back in.
What does this have to do with my rants that Alexi shouldve informed the BOD ?
@Jetcom - This is a really important, under-appreciated, point. It's not like any investment fund just drops £8m on some stock without doing their DD. Alexei didn't just call up on Tuesday and say: "hey guys, got some nice freshly baked buns on the back of a lorry, you want them?" It will have been negotiated and planned weeks ago. Never has the notion that there is always a buyer on the end of every sell been more significant or obvious.
Also, one thing I've been pondering is whether, if the BOD had known this was coming, they would/should/could have released an RNS to mitigate it. I'm not sure they would or should have done. If they had, it could well have just looked dodgy and caused even more panic. This way, their hands are not dirty, they don't like like they've been colluding with an insider, they can plead ignorance (whether or not they are is immaterial really, as it's plausible they had no idea and plausible deniability is all that matters) and the RNS issued this morning has brought us back to normal(ish) with probably less damage than might have otherwise occurred.
Tilly, I might just give myself a little project of going back over late yesterday afternoon and evening and take note of all of those scum that were clapping their hands with joy. Then I can cut and paste them as a constant reminder to everyone on this bb to ignore them and call them out wherever they see their avatar being posted. Spiteful bas***ds that they are.
ATB, Pete
In fact trust in the BOD isnt the issue.
Confidence in the BOD that this little escapade even occurred on their watch is the issue.
"Wolster - you obviously dont trust the company, sell the lot and go man, why have you bought stock in a company when you dont trust the company it-self, bizarre behaviour to say the least."
Erm calling on the BOD to hit Alexi in the option pocket for his actions of not telling the BOD of his share sale, is not the same as not trusting the BOD is it ?
Veles were happy to invest in EUA @29p. They would have done some serious research into BOD , resources etc before investing and concluding EAU is worth more and therefore worth investing. Another duck that should give us all confidence to hold out till the end. GLA
and the BOD gave us a VERY reassuring RNS the next day 7am. What can they do more?? Did they have to RNS the sale of shares first?? Well I am sure it would crash in that case as well. Stop moaning, we are back on track and in for a very big sale. You've got chance to buy in as we speak for 26p. What more do you want?
F me frutsels lets give Alexi a pat on the back then, theres a good chap - heres all your options for all your hard work & up front dealings with the BOD.
we not talking dave down the pub here
frutsels
whats out of ordder is someone connected selling his shares and the BOD being unaware
But Wolster, what is exactly out of order here? Someone who is selling his OWN shares for personal reasons??? Unbelievable...
Embarrassed about calling for scum Alexi's head I dont think so, Im on the right side of the argument.
What is exactly wrong with calling on the BOD to sought their patch of ground out during a sensative time for the stock ?
I was letting this crap drop & sucking it up, but there is always some c**t making themselves out to be god's gift to shares investments & it appears be recent arrival lancerman (tho who the hell knows why people generate fresh avatars on single stocks - its never a good sign).
I'm struggling to find the exact source of your issue with what ive said on these forums, & I certainly didnt make it personal (u did) but I find your taunting laughable u cretin, & if we new your other avatars I am sure we will find some turd who got banned off these boards in the past.
At least I stand buy what I say & dont flop from avatar to avatar like a herbert.
Yes last night I lost it & even folk who dont agree with my opinion can at least understand my view point & some will agree that Alexi's actions by not informing the BOD are out of order.
I think my take away on this is would an ii like Veles part with £8 million if there was a whiff of insider knowledge by Alexi, or if they didn’t think it was a sound investment they could make a decent return on?
I’m sure they’d have done some serious investigation into the company before investing a chunk like this, and that’s a big plus for me.
I remain optimistic too Tillywhiz!!!
Still holding strong.
Who knows..may even buy some more.
I'm sorry but I cannot just let the casual use of the 70s playground insult of Benny go by uncelebrated. Bravo, young rake.
Lenomen & all
The level of toxicity on here from a few goading investors who lost money was f**king weird at best , they certainly lack basic human behaviour & empathy .
we then got the deserved reversal today
& some were back on this morn attempting to spin it as if lth are rampers & the rest of the toxic lowlifes are likely giving latex Lynda & polythene Pam a once over .
Every one of them have highlighted there toxic behaviour for all to see.
Rums all Round