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I certainly can`t argue with your logic and understanding Dodge .
I can only see more mystery and obfuscation .
It`s one of those tragic scenarios :
" How I wish I new even as little then as I know now " !
Very interesting .
There is only one person who can`t lose , perhaps a question of which route for maximum gain .
Dodge : Interesting posts . Now I `Really DO` think you`re brave !
Perhaps I read you wrong but it seems that your `Gamble` is now focused into a very tight window ; you seem to be hoping that HC will be delivered before , what seems almost inevitable , more fund raising in September .
I also get the impression that you may now be agreeing that further financing is likely (Probably?) to be associated with consolidation . We differ in as much as I think consolidation must surely precede any raise . How likely is it that this process is already underway with the same finance house managing both elements simultaneously ?
Clearly there is a reason for not releasing this SRK report .
I just wonder how long this pantomime lasts .
Dodge - understand your views.. serious concerns from shareholders regarding delivery. Sure some will support AP, I am sure there is reasonable support brewing if finance doesn’t happen.
Anyone think AP is a decent guy? If he is, he would step aside without delivery. If he is not, all the more to push him if he doesn’t deliver.
Let’s wait and see :)
Idmor - agree on Roy Tucker.. in my view, Shareholders had given enough time to AP and it’s time to deliver or move aside or wait to be pushed.
GL
Dodge, if there is placement in sep’19 without finance news, AP will be out. GL
Idmor, I cannot control both and hence leave it to karma.. I have known CEO of a company in which I was invested was found out for fraud and was put out behind bars. For 1 minute, I am not talking vast in the same respect but all I am saying is I am not going after these bad boys - most often they will dig their own pit.
Idmor, Live in the present - that’s why I had been asking for update and asking AP to move or leave, if AP cannot close finance by end of Aug-19..
Past performance reminds how AP and his crews can screw people. Cannot trust these guys who haven’t delivered much vs promises made
“SP tanked- i think funding was the key and there was no sight of funding at that time”. - we haven’t sorted finance yet. No reason believe anything different unless RNSed.
Hi V111JAS, I totally agree.. and I believe in “karma”. :)
Hi Fantasy : The longer this farcical pantomime continues , the more curious I have become !
The truth behind it all will eventually come out ~ well ~ most of it ~ I think !
I suspect as in all tragedies , we are seeking closure .
I know that there will be no possibility of recourse , but I suspect like many others I now want to know in detail what happened to my money .
Tom : "Why haven’t you sold ?"
Such an inquisitive question I feel deserves to have a reply :
Tom , Why haven’t you sold ?
I suspect for exactly the same reasons as myself : My remaining holding is effectively worthless .
Perhaps you have limited memory recall , perhaps poor reading abilities , perhaps you are simply in denial about the parlous state of your own investment . I understand all that but just to satisfy your curiosity , I have made my own position here crystal clear , on numerous occasions , the most recent yesterday , specifically Friday16th August , 16.35 .
V111JAS, keep posting :)
Why most people don’t believe 4 months BS? Why???? Because Oct-18 BP RNS stated BP production in 6 months. What happened to it?? What has changed in the way AP delivers BS? :)
“2 Mines are coming online in 4 months. So, i am very excited Castaway.”
2p - your below message was the most liked message on here for the last 7 days... :)
“Grow up Tom
just concentrate on your TR1...everyone's been waiting for that RNS as long as the funding and diamonds RNS”
Anyone Romanian know anything about this Company ?
www.southpacific.ro
Ownership Status
Acquired/Merged
Financing Status
Formerly PE-Backed
Primary Industry
Real Estate Services (B2C)
Primary Office
9-9A, Dimitrie Pompeiu Street
Bucharest, 020335
Romania
You`re absolutely right about that `A Gamble` . Good luck !
I have to question why there are always so many questions surrounding VAST ?
Why are shareholders always trying to see through the gloom of smoke and fog ?
Why are there so many issues that require straightforward clear cut answers ?
Why have questions raised in the past never been satisfactorily explained ?
Why is there so much obfuscation ?
and another question !
Dodge ~~~ Have you sold out again ?
The second part of my reply was not aimed at you IDMOR - just in general
There has been no bad news regarding the diamonds or BP - thats why I stated that there is no problem! - it would have to be RNS'd - so presumably it's all good is it not?
Why is this a problem for you?
So many posters making up so much - if there was a problem we would know via RNS - so cut out all the stupid conspiracies and accusations of lying and let's wait for news on all fronts
IDMOR - how do you know it's so bad?
2pence: "ANY shareholder over the stated threshold needs to notify the UK markets, irrespective of which country they're from."
Lol. Just ignore the exact exemption we're talking about.
Look, it's no skin off my nose what someone here thinks about the TR-1 rules or what agenda anyone has for ignoring what's in black and white. I've done my research and otherwise having a nice time on holiday.
Good day. Enjoy your stories.
For the purpose of VAST (incorporated in the UK)
The major shareholder should declare to the UK markets any holdjng above 3%.
If this hasn't happened it is either
They are continue to buy (unlikely - not see the demand)
They have sold to a below 3% position (likely - forward sold in the 'spike' last week)
There is more than one shareholder (unlikely - comms dictate one investor)
They are slack in their processes, and havent got round to it (possible)
It is quite simple and straightforward. Not sure why everyone is making it complicated.
1. If an issuer (VAST) is incorporated in the UK and trading on UK markets then ANY shareholder over the stated threshold needs to notify the UK markets, irrespective of which country they're from.
2. If an issuer (any company) incorporated outside the UK ie. USA, Israel, Japan, Switzerland and trading on UK markets, then the laws of those countries are seen sufficiently equivalent ie. To declare significant holdings, and declared in those countries and therefore nothing to declare to UK markets.
3. If an issuer (any company) incorporated outside the UK AND ALSO OUTSIDE USA, Israel, Japan, Switzerland and trading on UK markets, then ANY shareholder over the stated threshold needs to notify the UK markets, irrespective of which country the shareholder is from and which company the issuer is incorporated in.
So
Is the UK trading company company incorporated in the UK
Yes - then it's 1
No - see below
If the major shareholder is in UIJS then 2
If the major shareholder is outside UIJS then 3
For the benefit of others, I shall continue briefly, then I must do other things today.
Issuers of shares can also be shareholders in other companies. (I don't think this should surprise anyone but it appears to proving oddly difficult to get across!) Thus a foreign II that trades on a UK market can also buy shares in another company that trades on a UK market. (Hardly a shock revelation.)
DTR 5 is explicitly about the obligations of *shareholders* as well as issuers. Thus an exemption from DTR 5 encompasses an exemption from *shareholder* obligations.
Issuers are explicitly defined in DTR 5.1.1 as companies that are home-based in UK. The exemption applies to companies that aren't. Ergo, the exemption applies to the shareholding side of the DTR 5 obligations most clearly, as a company incorporated in USA, Israel, Japan or Switzerland is clearly not a company incorporated in the UK (again, rather obvious).
Why this is all so hard is beyond me.
gemstar: if Vast were incorporated in Switzerland and dual listing in UK, then it would not satisfy the definition of "issuer" given in 5.1.1.