The next focusIR Investor Webinar takes places on 14th May with guest speakers from 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.
mad here as well, lol. I lost about 17k and i was not going to sell at 2p. Rather took the gamble and see what happens next.
Sad.......but true.
Honestly I wish you luck and good fortune but the bond holders hold all the cards and the PI's none at all. There will no doubt be another restructure at some point which will kill off the remaining small shareholders. Ive seen it numerous times before. Stockholders get all the upside ( rising share price and dividends ) when things go well and nothing much when it goes pears shaped. We live and learn but it can be an expensive lesson. Xcite energy was a classic example. Someone else now owns the Bentley field in the North Sea and will start to pump oil soon. The previous owners bled everyone dry ( high salaries, smart offices etc etc ) and the PI's killed as the share price dwindles lower and lower to zero. A friend of mine had £400k in that and he is now nursing gaping wounds..... Story stocks are the end of a lot of peoples wealth. Good luck
Good to you still reading the posts SS. On the substance of my post - do you see the possibilities further out such as illustrated by IQ-AI ltd for example? The D for E people will get their money back in due course, is it not best to hang onto their coat tails? and have a bit of the action, which I am sure will come. All part of the master plan that robbed smaller invertors of the possibility to enjoy the rewards of many years of investment. There is value here surely at he last price quoted?
fat lady is off the stage and moved on . She has sung her song.
Ah thank you Foldsmobile. I though I was on my own. Tuck away and forget really. I wonder what the % of the equity remains in small shareholders hands. I guess less than 10%, like you I topped up to 100,000 just before close, must be others. At that price a brave person with circa £1000.00 would have a quite big holding. For me I need a price of 15p or so, past that at the leverage is big bucks. Sure gambling, not investment - it only takes a couple to shine to change ones portfolio substantially. Case in point - look at IQ-AI ltd (I am a holder) have recouped all my losses way back from the Flying Brands days and more recent buy ins, now in positive territory, one never know show far this could go on corporate action. Same situation with AVN, harder to trade but not impossible. The fat lady has not finished singing.
I hope we are not mad! Having taken the decision to 'top up' to 100,000 shares on the last day of trading, that brought down my average to much less than the issue to swap debt.
My thoughts align with yours and I hope for a reasonable return in the time frame suggested - maybe by way of dividends when cash flow turns positive.
If one signs up to Companies House then kept up to date with what these are up to. There is plenty of activities. Once the share register is sorted out I expect a consolidation to get shot of any small holder (define small of course), perhaps a 1000:1?, who knows. Then further out the big holders will sell to recoup their investment when the D for E was one. This could easily be a listed company or perhaps they might re-list . Not going to happen overnight or in near term but 2-5 years down the line? That is when I hope to re-coup my investment.
I know I could have sold, but decided to stay in. My share are still held in dealing account to await the day when/if I do a "matched bargain deal", more likely waiting for a corporate action. They wiped out small holders, they have a plan, I can afford to play their game. Nothing may come of it , something might.
Anybody else left on here mad enough to still be holding?