Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video 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.
Can you advise what the significance is of 20th July ? Very worrying that this may never come back
An update of any kind by July 20 would be good manners. People have invested in this (money doing nothing for months on end) and deserve that at least.
so when is the next time we should be expecting some form of update as to how we can continue this journey? weeks or months?
If you read sentiance GDPR it seems the user owns the data. You are permitting them to use it but not share it. Ultimately you always own it. I think the big players own your data, it's a big difference. Journeys app seems to have slacked in the last few months but it's a beta so maybe there will be something new.. Let's hope these guys do something for us shareholders suspended for almost a year now.
How much do you feels the Cambridge Analytica Scandal really has affected this. Surely the collection of data isnt the issue as this is just the way the world is heading. Surely a more transparent and socially responsible and ethical use was the issue in that that situation. Im more bothered by the fact i havent any additional insight with the Journeys app feedback etc. Im aware that their use of my data is more than what im seeing but would be nice to get a taste of its incorporation into my daily life.
This is what I feared. IMO it was obvious they were after Sentiance. They needed further investors and obviously that has gone sour, again IMO those investors have been cautious after Cambridge Analytics and the notion that your mobile phone will start having a bigger impact on your behaviour than it already has and that may backfire. Like the rest of us I am wondering about my investment. It would suggest that their intention is to sell our stake in Sentiance but at what price? I would imagine once the shareholders have been paid the MCC will be shut down? So I'm not sure about the statement about the shareholders wishing to remain invested in Sentiance. I don't understand the mechanism where that could happen. Any ideas?
The big question: will the capital payout (this year-end?) to exiting shareholders be higher than the 39p cancellation price? Will we see a net return on our investment? I doubt it as all their overheads for keeping mcc afloat this past year will be slotted in their somewhere. And Sentiance is a private company so how will we ever know (the profits they are or are not making)?
unluckytraders is correct - they could just relist on Aim but this would incur some costs. Alternatively they could simply arrange a Matched Bargains facility. Assuming the holding in Sentiance is still 14% and has not been diluted by further issuance or increased by further subscription as indicated in the announcement of 29 Jan and given that this is their sole investment then any potential buyer or seller could put their own value on Sentiance and calculate a price per MCC share by simple extrapolation and post orders accordingly. East-peasy. The announcement seems to imply a disposal of the Sentiance holding - paying out those investors who wish to exit & somehow retaining an interest in Sentiance for those investors who wish to remain. Don't understand the logic. Why the early disposal. A matched bargain facility would be simple & transparent and enable each and every investor to follow their own judgement.
what makes you say that sentiance is a dodgy investment? what they do seems to be fanstastic and very relevant in todays world. What i find strange is that they could bolster their investment with the additional purchase options in sentiance and are giving up so easily.+/- is there a reason why it couldnt relist on aim given an rto is clearly not what is going on???
investment of �10.0 million in Sentiance, a leading and proven private technology player in the exciting field of artificial intelligence ("AI"), machine learning and behavioural data science. Based on current assessment and anticipated medium term developments at Sentiance, the Company expects to increase its holding with up to �40.0 million of additional follow up investment (subject to financing). Be interesting to see the return on the 10 million Euros?
reading between the lines sweet fa as Sentiance has been a dodgy investment on our part and we can't find anyone else daft enough to put more money into Sentiance. During the past several months a growing number of Monchhichi shareholders have indicated a desire to sell their ordinary shares. As a result, the Directors have concluded that it would be in the best interest of all shareholders to sell the Company�s minority shareholding in Sentiance far sooner than originally anticipated to facilitate a meaningful capital return to those shareholders who so desire, whilst enabling others an alternative mechanism to participate in the longer term prospects of Sentiance and other related TMI businesses through an unquoted entity.
wonder if they will explain why they couldnt utilize the other options for sentiance shares to purchase more. fundraising problem?
Following extensive eligibility discussions with the UKLA it was concluded that a Standard Listing on the Main UK Market could only materialise if at least one of the following two events were to take place: Monchhichi gains a controlling shareholding in Sentiance or Monchhichi acquires a controlling equity interest in a second business in line with its stated investment criteria. Whilst the Directors have reviewed various additional acquisition options none have resulted in an agreement that could realistically bring about a Listing during 2018. Sentiance continues to successfully implement its comprehensive business plan and Monchhichi anticipates various corporate updates underlining this positive progress in the months ahead. Monchhichi will automatically notify its shareholders of any new Sentiance press releases. During the past several months a growing number of Monchhichi shareholders have indicated a desire to sell their ordinary shares. As a result, the Directors have concluded that it would be in the best interest of all shareholders to sell the Company�s minority shareholding in Sentiance far sooner than originally anticipated to facilitate a meaningful capital return to those shareholders who so desire, whilst enabling others an alternative mechanism to participate in the longer term prospects of Sentiance and other related TMI businesses through an unquoted entity. The timing of the disposal is expected to be prior to this calendar year end and, once crystallised, will enable the Company to pass realisation proceeds to shareholders. In the intervening period, no additional acquisition options will be reviewed and the Monchhichi organisation will effectively remain dormant and as a result incur minimum ongoing costs. At the appropriate time and once a disposal agreement has been reached, the Directors will communicate with shareholders through the publication of a comprehensive circular which will set out the full details and the mechanism of the proposed capital return. Sounds shte
Email update today. F*cked.
Yeah exactly the same thing i was told 2 weeks ago... however i was told update by end of the month.
same bull they gave me months ago
I emailed Buchanan yesterday and had a very prompt and informative response. Please see below extract. Hopefully therefore we will have an update in the next few weeks. GLA I apologise on behalf of the Board of Monchhichi that there has been no communication since the delisting of the shares from AIM on 29 January 2018. We are expecting an update within the next couple of weeks. In respect of the suspension of the shares last July, this was as a result of media speculation of an investment being made in Sentiance, a Belgian artificial intelligence business. In December 2017 the Board was expecting to publish a prospectus in connection with that proposed investment and its proposed move from AIM to the main market. Just before finalising the prospectus the UKLA raised some further conditions before permitting a move to the main market. Those conditions had not been fulfilled by 29 January 2018, so with that date being six months since suspension the shares were delisted. The Board has been reviewing its options to maximise shareholder value in these circumstances and, as mentioned at the outset, we expect an update shortly. You can disregard the recent Companies House notice which the Company�s lawyers assure us was due to some form not having been filed by the registrar which was dealt with as soon as the notice appeared earlier this month.
Anyone, anywhere, have any new info on this yet?
Calvet International Ltd 7,000,081 15.55% S Casson 3,000,000 6.67% Grasser Financial SA 2,542,552 5.65% Arya Investments LLC 1,950,000 4.33% Pressac Limited 1,800,000 4.00% JP Tranie 1,440,000 3.20% I'm sure Calvet will want to get something back on their 7 million shares at some point some how?
The Board is pleased to announce that alongside the closing of the primary �10.0 million equity investment in Sentiance as initially announced on 14 September 2017, it is currently in final negotiations to materially increase Monchhichi's initial 14.2% shareholding in Sentiance ("Additional Acquisition"). Is this a hoax I cannot find a record of Monchichi's investment. I checked out the Sentiance investor base not mention of �10.0 million equity investment by Monchichi there? No news on the investment either nought all strange? Any ideas is the investment hidden or is this just a big scam?
IMO Never believed in their investment strategy always believed there was one goal and that was Sentiance. Mercon was the vehicle to get he funds for a stake in Sentiance. Wasn't convinced by the name Monchichhi. I believe the delist was always the strategy to protect their monetary assets. Now sceptical whether they wanted to relist on the main market or if they were then institutional investors have turned out be more cautious than was expected. I now believe we are looking at where Sentiance goes forward and what that means for shareholders in MCC.
No update now for almost 4 months. Seems there was alot of big talk and big plans that have possibly come to nothing. Warrants expired.. Prospectus missing... Relist in the dark.... I'm hoping ************* called this wrong from a while ago so let's see..
but surely some form of update on the website would have seemed sensible.
Regulatory news is only an option if they are listed