Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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*in
Mary b will claim to be I'm profit 📈 pmsl
Il be there at 430pm and will prob add the dips tomorrow… 1 month to finalise take over arrangements. Who knows! Il be holding
‘ Paul I get it what you are saying, but if some investors here are 70 to 80% down. What difference it would make losing another 10 to 15%, in the hope that company turn things around. I m lucky, as my avg is 22P.’
You are like the Black Knight in Monty Python’s Holly Grail ‘Tis only a flesh wound’ as his various limbs are hacked off!
Today’s update screams that a cheap incredibly dilutive D4E is now pretty much nailed down bar a miracle. The critical point you need to grasp is that it’s the debt holders who are providing the liquidity.
That means current equity is stuffed. Bondholders are being forced to accept new shares that they don’t want. They will obviously dump them which means that short term the shares will trade well below the D4E price.
Debt holders will want a D4E price of 4 to 5p so maybe will trade around 3p.
This is when any predators pounce….
Anyone, tell me where I’m wrong?
Too dangerous holding past Tuesday 4 30pm
Know one knows
1) how many skeletons
2) terms of funding
Trafalgar House another big company once thought too big to go under, but also got weighed down by debt and poor management in the early 90s.
"too big to fail" what a load of *******s, go and research "connaught" for actual proof that no one is too big to fail.
connaught had 20000 employees and a new ceo who bought £500k in share 2 weeks earlier and it went to the wall.
always dyor and don't listen to those online spouting an agenda one way or the other.
No wonder there is no faith in UK Markets and valuations are so low for most companies.
It’s because the fail rate is too high taking PI’s down with them or good companies are bought out by US Giants. Corrupt, fecking useless and or both.
Confidence in UK Markets just gets lower and lower
If the worst was to happen, the shorters have nothing to gain either right?
They would be forced to close positions by default and then probably return some form of payment to the original owners (depending on agreement).
I was speaking to a friend earlier today who specialises in Corporate Financing - the suspension can take place due to misfiling/ missing deadlines or core information withheld. That's what I am keen to understand.
Additionally, he told me the suspension allows the company to focus on urgent matters, which in this case is the financial restructuring - so it's not always the doom and gloom.
In all honestly, so many of us have said PFC communication is one of the main causes of this situation we are in now and have been for some time!!!
"Yea it will be OWNED BY THE BANKS soon enough. ...."
They already are "owned" by the creditors , in all but name .... shareholder Equity is pitiful if at all
Share price basically spells that out
Yea it will be OWNED BY THE BANKS soon enough. ....
Petrofac share price plummets after admitting it cannot make bond payment
Contractor admits payment problem and delays filing annual report, as noteholders make credit offer and upstream asset sale in Malaysia progresses
It means if you cant meet your bills your already bust....
Doh
Ivor Great epiphany. His Penny dropped.
Carillon all over again.
Too big too fail.
Oh and Interserve.....
Banks can't afford it to go bust 🤡🤡🤡😂😂😂😂
PFC are bust.....I take English is not a strong point... ...
Rife with doom and gloom mongers looking to take your shares so hold tight! Long termers ignore this noise. Post August 40p+ as Apothecary has said. Huge pipeline of work on the books, banks happy to lend to iron out any bumps.
See you all when trading resumes 👍🇬🇧⬆️⬆️💰💰
Won’t happen…. Just hold until August 40p+… or else take over (more likely) low ball take over most likely. Banks can’t afford a bust so will keep lending on basis of contracts.
Been watching and traded here a couple of times over recent months. Never believed the recovery story. Yes I missed the spike but reality always catches up.
I'm just glad some LTHS took the bullet last week and sold before this.
This won't end well for Shareholders.
There has to be a disclosure behind the suspension - have they not filed key information/ documents?!
It has to be said. There is a possibility that the BOD are so incompetent that the contracts they are sitting on are chasing turnover with zero profit. The lenders will have carried out die diligence but everyone with bonds or shares could lose the lot. Just saying. DYOR.
Oh heck CheapBoy that’s a full 180 degree turn in a couple of weeks. You just missed the nomination deadline though.
P.S.It’s “you’re”
KPA1 or should I say Keeppluging no need to rub salt in the wounds. It's peoples hard earn money we r talking about. You may b happy with your weekly Giro.
GAME OVER MARY RAMPER
Good evening Lady and Gents, here is the award.
Maverick with his 20p plus close!
Special COAT award goes to Ivor Grifter.
Thank you Lady and Gents, goodnight!