Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Use stop losses in future, and don't listen to serial rampers aka Harry on the hill!
The next news will be an RNS which has to be before Oct 30th, designated strike off date 6 months from start of suspension. What it will contain is anyone's guess, but there has to be one even if announcing an extension, which I suspect. If it contains a winding up procedure then so be it but seeing as we have 7 working days or sooner is there any point raking over the last 6 months for the sake of it. There is nothing that hasn't been said at least a dozen times over. I am just as tired and stressed as all those invested and have waited 6 months and can wait another week, or sooner for an outcome or it put to bed. A week will soon go by. ATB
Yes. They made two big fund raising in as many days knowing full well the accounts wouldnt get passed. Hence - suspension. Well dodgy or what!
Anyone heard anything at all?
Miker444 Thank for your reply. I just hope for ours and PJ's sake that it is done by this side of xmas.
I asked this question and expected, as you might think, the answer would be 1 month, 3months or whatever. But the reply was quite ambiguous and somewhat a repetition of if there is a deal on the table the extension would be granted. So I assumed that the extension would continue for the duration of the deal in question at the time. Obviously it wouldn't be allowed indefinitely but then no deal goes on forever and the result of any deal would probably be sooner than the extension being reviewed. It does make sense from a company perspective that whilst a deal is being discussed that it is allowed to see it through, generally speaking, so long as it is not obviously stalling tactics and a sham deal. Sorry I can't be more specific. ATB
If they are to apply for an extension and it is granted, whats the maximum time it can be granted for?
will be if the Audits get passed. If re-listing is not allowed then no deal no matter how good will be worth anything. It would be an excellent start. It would still be a mammoth task and hard work in securing deals, and revenue is needed like yesterday but that will be the incentive for PJ to put his marketing knowledge in overdrive knowing he is allowed to re-list. We just need that little bit of good news and acceptance of Audits might just might be the little ray of sunshine needed out of the last 6 months of gloom. I know it is still very much against us but sometimes the underdog manages to win through, not a lot else to say until next RNS, which is soon. ATB Mike
Great info and thanks, beats all the negative comments here, its great to see that, even if the results dont come our way, we can all hope. I for one cant afford to lose my investment either, here so hope is a good thing. Cheers for the info anyways whichever way it goes.
for the info guys at least we are all still trying to find out at least something!
Thanks for the info. It is dragging on now though but anything is better than nothing
miker444, for in depth information. Sounds slightly more positive than 100% negative
I spoke with nomads on Monday and depending on opinion it wasn't total doom and gloom, i.e a couple of things were stated albeit not in finer detail and that was that if a deal was on the table or ongoing ( which apparently it is ) then an extension to the 'struck off' date whilst not a formality the overwhelming likelihood is that it is usually granted if applied for, striking off companies is not done out of bloodymindedness but there has to be a reason to extend it and they are usually happy to do so.. So this may well drag on ( my words not theirs) past the Oct 30th deadline. They also suggested that the Audits from MDC end had been completed and were in the hands of the lawyers to get them accepted and are waiting for a verdict but also stated that they were not allowed any input in the decision making ( that part rings true from audits at my work where the auditors have been quite abrupt and stated to be left alone, obviously aware of attempts to butter them up for a favourable audit result). This would suggest the couple of problems that were holding them up have been ironed out to be put forward for inspection but doesnt mean its definite they will be accepted ( my view and stating the obvious) Finally i pushed as hard as I could for their opinion of an update and RNS and asked if within the next of couple of weeks ( end of next Friday) and they said in their view it would be before then. They obviously knew more than they were letting on but it did seem a bit more favourable than some of the responses that people here have had. Just to add I am heavily invested here, way too much unfortunately so not ramping or wishful thinking, all the above is correct but I know it is still very precarious at a positive outcome. Lets see if that RNS does come out, we only have 7 or so work/week days left to wait. P.S If people aren't invested here, you know who you are , please refrain from commenting,go on other boards if you feel the need to get off on people losing money. ATB
Still can't get my head round the fact there has been nill communication re the accounts. It doesn't take 6 months that's for sure. There is obviously a reason why they don't want to publish them and are bleeding this out so they are struck off. It is very fishy and worth an investigation. I'm going to speak with my solicitor next week and see what he thinks. If nothing is done by the end of the month I will pursue this and investigate further as I invested a lot of money here and it doesn't seem right.
A couple of weeks ago and maybe something happening but that could mean anything!! Spoke to NA yesterday and doesn't really sound positive !
Has anyone had any recent contact with PJ?
So I believe the accounts still aren't finished 6 months down the line so don't expect them to be .... Intabet no one working on it at all and skeleton staff only working at Media Corp. I think I am ready to write it off now 3.6m shares down the toilet!
Thoughts are, will be bust more so than boom, but would love to be proved wrong for all MDC holders.
Until it's boom or bust. What's everyone's thoughts?
Are you from Scotland?
"Joe it was after the preposed AGM.." Thanks for your response. I insisted on asking that question because on the 1st October 2013 only two weeks after the proposed EGM you wrote:- "why can we not have an update? tried emailing, phoning nothing - what has happened to Intabet? Therefore I am assuming you have spoken to PJ in the last two weeks.
What a load of dribble! What planet do you live on?
I think PJ will surprise us all. He has been working tirelessly to get a deal and when it returns it could be one of thoses that goes up 200% after all they are only valued at £1m and if this time he has found someone to develop Intabet that would be great I have emailed PJ 2x over the last 6 months and always had a reply He is hard working honest and like the rest of us invested here and a Director of other plc so has a good reputation to maintain here's hoping I am right
Joe it was after the preposed AGM, but you know as I said we can only all go on what we are or have been told by PJ at what ever time. I can only say it would be good if we had had some good news on developments. I am for one am still having to WATCH THIS SPACE. Like everybody else. If anybody else has any more thoughts on how he is doing or how close happy to know. As I have know idea. The only idea I had was that Intabet was going to be great along with goal millions. So lets see if PJ can pull this around. He and other BOD did buy a lot of shs at the time of purchase of Intabet and so on.
Thanks for you reply. But what I really wanted to know and asked was when did you last speak to him. Was it after the aborted EGM for16/09/13 or was it before. Thanks