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Deary me john, you really sound in the doldrums. A couple of things: If you visit the website the pictures are hardly glorified sheds! Sir Mark Grant is pretty high powered and would not have come on board unless he thought the project was viable and to raise £400K at 2% a year is like for nothing so again the project must have some merit.
The Stone Alliance is in abeyance and denying access to the Malesheva quarry may be well be used by the legal team for saying it's not being a starter for 10.
My concern is that the company will consolidate shares in the new company when they are re-admitted but we will wait and see. Any way cheer up john - you may well be pleasantly surprised but at least you won't be disappointed!
I only occasionally check in here now.
Promising or not, it seems that after all the bullish talk of Italian quality marble mined at huge margins, prestigious Chelsea developments, Middle East interest, a pivotal role in the Star Alliance ( or whatever it was called) etc. then adding a glorified shed start up seems a bit desperate.
Most we can hope for is a negotiated settlement in the legal dispute (no way will anything like the full claimed damages amount be granted to Fox when to date it has never shown even the slightest hint of ever breaking even) then we can all get out and move on.
Al in my humble opinion, as aever.
Thanks bluerill for the dose of realism. As I've said before CG has always played the game and the caliber of Sir Mark Grant means that the business strategy should be sound. Presumably as the shares are suspended we will get no RNSs but have to wait for the prospectus - lets hope it's not long now.
Nonsense. The period leading up to the suspension had no mention of any immediate financial distress at FOX nor more importantly, was there absolutely any mention of it in the RNS announcing the RTO. This suspension is clearly the result of a POSITIVE effort to reverse in a promising business at a favourable valuation for FOX shareholders that early signs indicate could create real upside value. For heaven's sake, for all the stick he takes here, Chris Gilbert was able to raise £400k from what is undoubtedly an informed, inside investor to loan to Eco that, given the tiny interest rate and extremely favourable repayment terms, is essentially an equity investment in the combined company. I know that's not definitive proof of the viability of Eco Buildings, but its certainly far superior evidence of how knowledgeable professionals view Eco-Fox than the lazy, idle speculation of a couple of bulletin board warriors. For these and other reasons, the vast balance of probability is that, of course we will re-list.
Well up to now CG has always played the game so my bet's on him - the announcement did say that current holders were protected in regards to any Compo and as he is a major one I hope that's right for all holders sake!
highly unlikely. this will probably be taken away now, bought out by chris and team for £1 and theyll sail off into the distance.
No.
Do we think Fox will ever be relisted? Must admit I have written off my investment/ speculation/ bet here