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It's already been going since 2012! If you hold shares at 6pm tonight then you get the divi tomorrow.
so I sold out today good luck to those left invested down about 10k overall but I'm up elsewhere so I guess that balances out the investment karma, maybe they will recover but I'm out of optimism for this share and just glad I've got something rather than a letter from my broker telling me there delisted. looking at other cases of this type some can drag on for 5 years or more so just something to consider if those of you that remain are holding out for a windfall court result. Farewell all.
Sadly with cash having been at 0.8m at the end of May, unless things have looked up it could be placing ahoy unless they have found another way to raise some cash. I say this as a suffering shareholder - it's bottom drawer time atm.
its not unviable if people still want marble as its some of the cheapest in the world. cost of shipping same everywhere bar local of course. be interesting to see
Freight costs have made this business unviable then, that explains the market viewing this as a total POS with no floor in SP.
Updates on court case would be welcome, the increase in SP on a decent settlement here is huge, otherwise an utterly un-investable company.
Block sales are the problem. Because the buyer pays the freightage costs I can't see any buyers actually buying until the container freight rates reduce. They are currently around 2 to 4 times the usual rates. That is if you can actually get the containers.
One is entitled to call the company a POS but to be fair, the reason is totally out of Foxes control.
Another day another new 52 week low on this total POS share. Company is an absolute dog. Entertaining that people still comment on company operations, utterly irrelevant as the only play here is the legal case which judging by the SP performance is about to fall over.
i don't speak and therefore understand the language. pretty difficult to therefore grasp what is being said and next steps. assume they are talking about the court case, fake documents and that fox has mounted a legal challenge and the government is suggesting a deal?
what this does bear reference too is nothing will change. i own the stock, i pretty much cant sell the stock so like wise the last however many years I'm here until the end. its clearly written off in most portfolios as its been the case for many years, anything now is a bonus
I do hope Foxes legal team don't monitor this Board because if they do they will be running for the hills right now! Especially if they can translate! I wonder if there's a largely Government sponsored/controlled news channel in Kosovo? Couldn't possibly be - could there?
Who ever posted that is pretty desperate. Obviously the Kosovo government will mount a defense, is this part of it? Impossible to evaluate. But why this board? How influential is it? Can't really see the point.
Watch till 3:52.
https://m.youtube.com/watch?v=CeNuieBCrkg
Shut it D*g face.
https://m.youtube.com/watch?v=CeNuieBCrkg
Sorry - CG every time.
So. A new one post wonder. Hope Dentons and Samuel Wordsworth don't read the post!! They might do runners! While I know the UK press can get it wrong, I have absolute faith in the credibility of the Kosovo press!
To be slightly more serious, if skullduggery is involved who would I trust the most - CG or the previous Kosovo Government?
CG evert time.
https://ibb.co/4fGVphr
Translation: Me qira = To let
Signatures were forged to illegally transfer quarries to Fox Marble and the quarry sites are now seized to prevent further use. Here is major Kosovo news article with link at bottom to the Injunction & Seizure order given by Kosovo judge against Chris Gilbert and Fox Marble. With these quarry seizures, Fox Marble is a nothing in Kosovo.
News article with link at bottom:
https://www.epokaere.com/kosova-mund-ti-shpetoje-195-milione-euro-nga-arbitrazhi-nderkombetar/
Court Injuction and seizure order:
https://www.epokaere.com/wp-content/uploads/2021/07/Court-injunction-and-seizure-order.pdf
English translated Kosovo news article:
https://www-epokaere-com.translate.goog/kosova-mund-ti-shpetoje-195-milione-euro-nga-arbitrazhi-nderkombetar/?_x_tr_sl=sq&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=ajax,nv,elem
Translation of Court Injunction and seizure order:
VERDICT The proposal of the insurance proposer Rexhep Shaqiri is approved as grounded ... the security measure is set ... this security measure enters into force immediately
…your money and run. Any licensing agreement that has been granted by previous crooks that run Kosovo government and possibly got bribed will most probably be prosecuted. Some operational authorisation that was granted seems it has been forged , initial graphological analysis suggests that. The court is investigating and currently the police are carrying orders from the court making sure no work is carried out.