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Hi Drakey, Not sure how much of a website an investment company can have in terms of detail as stated before they have no products etc to promote. i think when up and running there is likely to be a web page stating names of Directors, Office address, Nomad and contact no.s etc. I think that will be about it. Regards Mike
They won't have a website by the looks of it leopardoil.com isn't available and .co.uk and many others are all free to register ???
Correctissimo !
if we have a share consolidation of 1:1000, will increase our sp by 1000, however at nil par meaning equity can be raised at literally anything they want, but JLF stating 90% is just a complete guess....we may even get dilution weeks after the consolidation, or in chucks. I really don't think people will lose as much as they think, don't get me wrong, if i can pull 50% out then i will.
The circular is available on the MDC website www.mediacorpplc. If you have not received it through the post it may be you have a nominee account i.e you do your dealing through Halifax/ Lloyds/Barclays etc. Regards Mike
Hi CP22, Also people on here are assuming that from day 1 there will be a dilution of 100 million share issue. That would be commercial suicide. It will be done in stages and each time the money will be invested in some form ( even buying up stock seen as assets in the mid to long term for security/ collateral ). I genuinely believe that the dilution will not be no where as heavy on the sp as some suggest, not criticising them they are entitled to their opinions and respect that, but the bottom line is we are not trying to manufacture or sell a product. I am attending the meeting and will speak to the new directors and report back to those that interested in what they have to say, I have got quite a few questions for them myself including why investors should come over to Leopard Oil and what have they got to attract them. Because one thing for sure to me is that they won't be able to rely on the odd 1 - 2k penny share investor they will be looking at serious investors looking for serious returns and that will be the big guys. IMO.
Got mine today, have not had thorough read, but will post thoughts later, but agree with miker444, salvaging something is better than nothing at all
i am a shareholder here and im not aware or have not recieved any circular - is this confirmed and could anyone share the details?
miker444, well balanced and makes sense to vote for and not against
for those that are saying perhaps vote against and realise some assets please read the circular last paragraph in bold where it states that if not recommended then there will be a winding up of the company and any assets will go to pay creditors/debts. Shareholders will not get anything. That's it. You are not invested here, obviously. The new company will be an investment company, it will invest/buy assets with money raised with new share issues/dilution. So any money raised will be used in attempt to make money. There is no product, no research & development costs, there will not be 37 staff as in MDC to find wages for. There will be a handful of staff at best so costs and overheads will be much more favourable than at MDC. To all those favouring administration then you are not invested here despite what you say, quite staggering to think you are getting off on this. Everyone invested vote FOR and we get something, shares in a new company. How will it do? I don't know but I would rather have something that in 6 months a year may get me my money back and more. Any *****ing sessions on here now are pointless. Time to move on and it's a no brainer if you are invested here. ATB Mike
You've got it all wrong pal, that post was for JoeLeFarce not u mate.
The problem is Stubhoy, the temptation is to throw good money after bad, i don't know much about new share issue's but they would have to be offered at preferential terms to existing shareholders to make such an investment worth while, questions remain of their business practices, its clear that accounting faults were a smokescreen for the share suspension, they were very obviously in trouble, wext pay cheque will keep we've all done it, scraped by, paid a bill with a credit card, hoping our next pay cheque will cover it, this company (blaming the previous company) is doing the same, i had great belief in the product (intabet) i thought it could be the next "betfair" but astonishingly!! its dropping(or trying to flog) the whole concept, and changing tack to a completely different business, I doubt if anyone in mdc reads this board, after all, we are just "little people" in their eyes, perhaps i'm just a little pee'ed off with this whole affair, but who wouldn't be, think i'll stick my money under the mattress from now on...
Consolidation is always followed by a dip in the sp, the almost certain release of equity will have a similar effect on the sp so once that has happened there may just be a opportunity to make a few quid here. Big questions for you guys is A) Do you hold? and B) do you average down when the innevitable big dip comes?
What gets me is that, a quoted company can be so belligerent, "oh its not our fault, its somebody else, blame blame blame" hold your hands up, admit mistakes, investors might be more forgiving(****ed off, but forgiving) all this "cessation of business, legacy issues" ok i'm simplifying things, but i think i'll start up a company, call it "only fools and horses" make clever use off words to attract investors(fools) and see where it gets me, i cant lose, its a win win, the company works, everyone's happy, it fails! well, its not my fault, i'm not accountable, and i've still got a roof over my head, and tomorrows another day, i can do it all over again until i get lucky...
I think your right. They will most likely be ones to tuck under the pillow and forget about for a year or 2 and then if they haven't repeated the cycle again with a venture into coffee in south America or something just as daft then we may in time be close to getting some of our money back. This share has been a real learning experience for me and will make me far more thorough in my research from now on.
2 things - 1 yes I am invested and feel as stupid and as sick as everybody else who has lost money and 2 I never copied and pasted any part of that post. What I was doing was asking if I had the situation correct in my mind. I have very little experience of this sort of thing and wanted clarification on the points or to corrected. So if you could confirm or otherwise correct me on my assumptions that would be great without the rudeness. After all this is a forum and as an investor I have as much right to comment or ask questions as every other person on here.
Yeah liam, i am a glass half full type of person, i'd like to think that intabet is worth loads of money, and mdc can negotiate a deal that will re-imburse share holders, but frankly, they dont seem to be in a winning hand position, they have no money, just a patent on an idea(if that) i dont get the new involvement with an oil and gas company, at the end of the day, a bankrupt company, trying to dig itself out of a hole,will only benefit the directors of the ex/new company through salary/fees/commission being paid, i'd love to see some sort of money back, please prove me wrong Phil....
At least we're all fools together mate!! These things happen I guess. We'll just have to see what the future holds.
I'm in for £4500, and really i feel a fool, we are getting drip fed to be receiving next to nothing, how can a company legally operate like this, purple lounge, then mdc, now leopard, what next, "all mugs invited plc" its no excuse at all "legacy issues" before starting the new company, all that should have been sorted out, and now to start up a new company investing in oil and gas, well thats just a bare faced cheek, its not in the slightest related,(suppose its gambling) no doubt "leopard" will ask for some money from ex mdc punters, using words such as , opportunity, exciting,dynamic, i hate repeating myself, but i really feel like an idiot for not researching this company before...
Are you even invested here? If so then why keep reminding everyone about what they've lost? WE GET IT MATE!!! Company is sh!te, MDC owe NI, dilution coming!!!! Jesus!!! Give it a rest!! I'm aware of the situation MDC and myself is in so I don't need you reminding. Seems to me every time someone posts something on this board, you're straight on here with doom, gloom and negative posts about how we've all lost our money, you'll never see a penny blah blah blah!!!! We are more than aware of this. And why do you constantly copy and past sentences from other PI's post onto your post just so you can rip them apart? Chill out mate, life's to short!
"Would we not be better voting against and perhaps realising the true value of the assets" Who is we?. The current and previous board failed to realise the assets. Why would anyone enter into negotiations with us when they can pick them up straight from the administrator. You seem to forget one thing. MDC owe HMRC. HMRC would not think twice about winding up the company for unpaid National Insurance Contributions. All is lost I'm afraid. Its now just a question of what level of dilution. I'm still going for 99%.
Basically if this company ever starts back up it will be a new company with new directors focused on an entirely different market. The current directors look likely to walk off with the main asset of the existing business while leaving the shareholders with a 1 per 1000 share issue which will straight away be diluted by an unknown amount but up to the existing share issue. PJ then happily sells intabet and goal millions to his new company while we the investors are left with anything down to as little as 1 pond for every 1000 invested. When all the assets are stripped out and we become this investment company where have we suddenly got the millions required for meaningful investment in the oil and gas sector? Would we not be better voting against and perhaps realising the true value of the assets and selling intabet and goal millions etc or looking for partners with the required licences and marketing budget? Even if this failed, for the pittance we stand to get back would it not provide more satisfaction than allowing the current board to just swan off with the assets??
No I wouldn't worry... I'm sure he expects PI's to share this kind of information and it saves him having to reply to everybody. Also most companies mark all their emails automatically as 'private', so I wouldn't worry too much about that.
You're welcome mate, hope me posting the email response is not seen as an insult? Just feel that it's our money at stake here and it's our right to know everything that is going on! This isn't Monopoly money at the end of the day is it?
Thanks for posting this! I'm hopeful that this means the value of our holdings won't be completely obliterated. Annoyed with myself as I remember hearing alarm bells when reading about the legacy and HMRC issues months ago but I continued building a holding not expecting it to suddenly be suspended like it was. Have 2.5K here and now just hoping that details of a great LEO deal come out. Even if this does drop a lot it will surely bounce at some point, there could be opportunities here.