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Hi Sean, just seen your post. I put money into DAN and got shares to show for it. I'm guessing the folks I bought the shares from took the cash to Wetherspoons on curry night, but I may be wrong there. I'm treating DAN the same way as I treat the other firms I've had that have delisted. Waiting. Hope you're doing well, mate!
Invested at time rob terry was buying lost nerve cashed out doubled money could have had 4 times. Some people made big money from this share. Will be very interesting to see what happens if anything.
The odds are I'm down and out with this one. However, plenty of BS in AIM (and this Co.),so await news, when Co ready. Ignore the s**t stirrers now, cos no influence on share price.
gotcha !!
There are laws against this but the FCA/FCO doesn't enforce them that's why they can get away with it, and companies will continue to get away, with it at the expense of PI investors. It seams you can only make a return from the stock market by investing in the negative (shorting). Not much of a sales pitch for any business looking to use it as an investment tool.
Why don't you join blueshare? you'll have a better discussion with other DAN holders.
Spikey, indeed, I've had a few over the last couple of years, but like you say, you learn! I'm not too fussed anyway, golden rule number 1, never put more than you can afford to lose in any one share. UKOG and 88E of late have more than recouped what's been lost here anyway, Im sure many others are in the same boat. Good luck with your investments!
JR, as midlands says, we've all been there sometimes, on one share or another that looked tasty but turned into a dud, sure know i've done it enough myself. we just pick ourselves up, dust ourselves down, & learn. (hopefully) atb. hope you make money elsewhere.
Unfortunately after seeing this I have come to the 100% conclusion that my invested money has been lost! Sorry goodluck, because after all your posts I would be very surprised if you aren't in this share, but spikey and Midlands have got it spot on, clearly epsilon are after DAN as a whole, very shrewd move tbh, let the directors burn through a loan they've given them and then acquire the entirety of it anyway, win/win for them either way!
strange places, these bbs, eh? have a good weekend, midmag.
* now
Voila indeed . Goodluck as some weekend homework read the charge notice ... All current and future property . And spikey , I agree with you - since the wedding days and how this will make him rich even though the future Mrs goodluck doesn't know he's sunk his cash into Dan he's know laughing at our ignorance . A wind up indeed
goodluck, presumably you know how to check yourself what epsilon's share holding is by looking at RNSs put out by DAN. so why would you need someone else to tell you?
midlands, this kind of exchange is why, on the whole, i don't actually believe that goodluckall is really a holder of DAN at all. seems to be some kind of spoof, lord knows what motivation is.
Put it another way , on what factual basis did you invest here ?
Surely you know that with so much invested
Well said we know DAN have been by burning cash at an alarming rate and this is probably increasing as they have taken a number of loans over the past few years, I am sure the three directors are still taking the substantial salaries whilst the PI's have been totally shafted.
No ... The opposite. As spikey said , enough assets to get their loan back . How you reached your conclusion is beyond me .
goodluck, questions aside, as I understand it you have a lot of money tied up in here and your usual refrain is "I'm optimistic" or "it will all work out" ... why do you think it will work out OK when your analysis of the fundamentals is way off target? Seriously, write it off and move on .... praying for a miracle is just going to pile on the stress. As I said, I got burned early on in the share game and the trick is to understand it's stacked against you unless you a) Do some research b) Understand a balance sheet c) Read between the lines in RNSs d) Really, really don't listen to the bull case on these boards ... the bear case may not be as exciting but it's certainly the most helpful before deciding to punt your hard earned cash If you pour through almost any penny share on these boards the pattern is the same: * Shorters hope you burn * De-rerampers are scum * Ha Ha ! It's rising and off we go (usually following a ramp while the smart money exits) * I'm going to average down * ... and in the worst case, suspension and the end of the road. You have to be careful.
take a wild guess?
(or do you think the company was not telling the truth about its asset position in that RNS?)
per 30/12/15 RNS re unaudited figures at sept 15: Total assets £3,807,049 Net assets £2,583,982 ... do you think they have lost £2.58 million assets since september?
goodluckall 12:22: "Dan have no assets." you don't seem to have any idea what you are actually talking about. that's pretty unwise if you are genuinely investing money into shares with that level of understanding. -- important to have at least a rudimentary grasp on the different elements of a balance sheet. look back at the unaudited interim results RNS that the company put out on 30/12/15 e.g. at the section headed: "Unaudited Consolidated Statement of Financial Position As at 30 September 2015" -- that tells you various asset figures for DAN, albeit unaudited. (unless of course, you are arguing that since that RNS, the value of every single asset has entirely shrivelled to zero? for sure, less now than it was!)
So you won't get your money back
goodluck, i'm honestly not sure if you're actually being serious in your posts this morning or just joking. but working on the basis that you not just on the wind-up, the key difference to understand is between **secured versus unsecured lending**. if epsilon's loan to DAN was unsecured and company goes bust, epsilon lose their money. but if the loan is secured on e.g. property owned by DAN, and DAN go bust, the lender would get their money back because they get the property asset. that's what it means to have a charge over an asset or assets as security. obviously, lenders tend to charge a lot more on unsecured loans because they are much riskier for the lender in case of default. as regards whether a company is worthless --- note that the overall value of a company is the total sum of both its assets and liabilities & debts. so a company might indeed be worthless overall, but nonetheless contain within it various assets that are actually quite valuable in their own right. so if DAN goes down the tubes because crushed by debt with not enough new cash coming in, there could still be some nice assets left on the corpse that epsilon or others would like to pick off after DAN's demise. the above comments offered seriously, just in case you are not simply on wind-up.