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I take it everyone will be voting in favour of AGR buying into Max? I certainly will be, like it or not it's the only game in town and contrary to Oilspelunkers opinion I don't think we'll de-list or go into admin, AGR have the money to prevent it. There'll be more dilution and they will end up owning the lions share of Max but it will be more financially stable for it. I still reckon 0.5p when we start trading again before 3rd September. I know what Oilspelunker thinks but what about the rest of you?
well he's got no mates so he pops in for the company really doesn't he.
If you're so certain that this has no hope, why do you continue to post so much? I invested knowing it was on the verge, but confident there was enough to bring it back. High risk high reward. You, however, think there is no way back so you continue to deramp beyond belief. Even if I believed you I still couldn't sell so what's the point in going in? What do you hope to achieve?!? To be honest, when I read your posts the phrase 'big d1ck, small willy' comes to mind...
"Basically speaking. We are shafted .?" Shafted yes for certain, but not because of the pending delisting from AIM. They can "cancel" your shares from trading on their exchange, but they cannot "cancel" your shares from existence. That is not possible. You still own the shares, regardless of their complete lack of monetary value and possible derivative shareholder liability. Not to worry though, the actual shares themselves will be canceled soon enough in administration. Shafted for certain mate, and about to be properly fuct like a tied goat.
I like you positivity ,best of luck Ivor .we are all in the same boat .lets hope this comes good ,if it does I will be the first to get the beers in ,and if not I will still get em in .....and with regards to MR spelunker yours is the old Cuba libra . If you can land in the nags head car park your in .
Not necessarily, we might restart on 2nd of sept after the general meeting on the 1st...maybe, you never know
Basically speaking. We are shafted .?
Aim rule 41 They have to de-list if they have not sorted the funding allowing them to lift the share suspension. Max being max will no doubt not have the deal sorted by 2nd sept (6 months from suspension) Which means we de-list, there is a growing trend of small companies choosing to de-list which i suspect max want to do, so will let the deadline lapse, max will save circa 250k in fees to the aim stock exchange, plus fees to brokers and Nomads. Although this is not good for us, it is a way of max cutting costs so i think they will do it. They change then to a limited company and dont have to answer to all the aim corporate governance rules. Its a growing trend to cut costs if your business is not a propering one - aim is good if your a new company looking to get funding so you float and get shareholders - if you are later on in a poor position were your not in a position to raise funds, brokers dont want your shares etc then you dont have as much use for aim, so can save 250k and delist. Our shares are not lost, but we cannot trade them on the aim market, basically we dont have a market and can only trade them over the counter like pink sheets - paper shares, but you will struggle to find any broker who will actually want them as they are so iliquid, we just get a annual report once a year that is all they are obliged to do. If they choose to re-list once funding is sorted we are still shareholders, or if they are bought out whilst a limited company we are still shareholders in that new company. It can help to delist and be beneficial to getting your creditors to agree funding and deals, as there is no red tape and max can pretty much do what it wants, which gives them a bit more of an advantage getting a cva done and 75% of creditors to say yes. We will just have to see how max play it should they not have it done by 2nd sept, you can get a extention in some cases, so max will have to show their hand with their intentions either way.
you think we could manage three in a bed?
i dont know if me and coggy are dating, ive not seen his bank balance yet
what happens when mxp has been suspended for 6 month - which i believe is in a few weeks? is there not an AIM rule that states that they company has to re-list onto aim?
Are you blokes dating now? The exchanges between you have become quite affectionate and sweet.
Yes, I quite like him too, in a strange sort of way. But I think no matter what, he will always be a w*nker :)
Twas very witty, I do rekon i may actually start liking mr spelunker he does give me a bit of a laugh.
You've got to admit, the HIVorsoreass is quite funny. Sorry for encouraging the Village Idiot. Time for his sedation.
Ah yes, the self-employed sort you are indeed, tis the one thing a common street beggar may claim with head held high. And tis a good thing HIVorsoreass. It might be difficult to market one's self as a prospective business man to a potential employer with such an ignorant admission floating about. I lost my pants and shirt on MXP no doubt, but I most certainly did not buy the shares knowing that the blokes serving as operator were likely to sink the company into administration. A man would have to be willing to put his soul at hazard to do such a thing. When I initially purchased me shares, Goldman Sachs had a buy rating on the venture, as did many other analysts, including that string-fellow Brendan Long chap who appeared on video each day hyping MXP. To buy common shares even after MXP was proven to have misled the public as to Uytas would have been financial suicide in me novel. Twas a huge scandal in me book. Indeed, me thinks that the Uytas misrepresentations might make a good securities fraud case for a talented barrister. The Uytas representations made by MXP versus the Uytas reality are two very different animals. I have reviewed investor presentation slides and investor conference call recordings several times now, tis no doubt about it, twas a most nasty deed done by MXP. At a bare minimum, the recklessness exhibited was extreme and unforgivable. If I am sore about it, Sberbank must be absolutely livid, and that Brendan Long chap, who is much respected as an analyst, was made to look a plain fool as well, almost as silly sounding as you HIVorsoreass. Off to the pub now lads for a pint and to locate a new lady, as me last lady was recently tossed back into the sea by yours truly. A cold and scaly fish she turned out to be. You are free to go now gents. Carry on.
Dont need a CV, i am self employed.
"the difference is i bought in with the knowledge that the company was on the verge of admin, so if it goes tits up ive only my sennn to blame [sic]" Yes I grasp that concept firmly, though I am not certain that I would brag about such a thing if I was you, and whatever you do, never put that little accomplishment on your CV.
the difference is i bought in with the knowledge that the company was on the verge of admin, so if it goes tits up ive only my sennn to blame
what does that mean?>
You are spot on ivanoftenpoundedass. I realized that MXP gave me a high hard one with the Uytas misrepresentations right before I made my last large purchase, so I wanted to vent a little. Unfortunately, you may be in the same boat soon. Perhaps then we can vent together, that is, if you are not off swabbing the decks with Coggy I mean.
spelunker was flicking through some old Bank statments last night lets hope he didnt find a piece of rope :)
We have a deranged man on the ward. Get the sedatives ready!
There, there. Get it off your chest, there's a good boy. Tell Uncle Coggy all about it and you'll feel much better.
Man, you are so bitter, I feel sorry for you!