Member Info for 15LIVES

FFC

Couldn't agree more with your 15.08 post.

You're not naive at all, just rational and logical.

Pity more haven't been the same the past week.

Soverign wealth funds may be worth trillions and their holdings in Sirius miniscule as a percentage of their various holdings but that doesn't mean they are just going to roll over and necessarily accept 5.5p if that is what's offered without trying to get a higher price if they feel their investment is worth more, and if those offering it could be prepared to pay more.

As a business model nothing has changed since the sovereign wealth funds and the rest of us bought in the open offers. In fact, because of construction progress it's even more attractive. There is a lot of pride within the business world to be fought for and if our major investors feel so inclined I'm sure they'll use their holdings to seek a better offer from AA than 5.5p or force a move down another avenue.

Yuri

We know it's in a bid situation.

But that's not an official proposal.

Bellers

Every avenue shall be explored and the best offer(s) put to the shareholders for approval.

Why would they not?

There seems to be a belief amongst some shareholders that they should be told immediately of any approach, by whom, what is being proposed and given a blow by blow account of any negotiations. Those who feel this way seem to interpret anything less as mismanagement, deception or even fraudulent activity by our own BOD to rob us .

Nothing has been officially put forward yet. That which we do have an insight to has been brought about by what seems to be a leak.

Let's just see what happens.

Codey

It could still go bust.

AA may get us for 5.5p. They may have to up their offer.

Others may make a rival bid.

Our sovereign wealth funds may provide the $600m to keep us going or reject a takeover to force a rights issue.

There are many possibilities that could yet be played out.

There's too many uninformed and misjudged mindsets among shareholders at the moment. Too many opinions dressed up as facts. We don't know what's going on exactly behind the scenes and we have to let this play out.

Smalltimeii

Your consideration of another bidder (s) and overview of what's happening here is how I see it.

My thinking is that since the bonds were pulled and our six month countdown began interested parties would be doing their DD. Coming up to christmas and with a few months to play with this year I couldn't see any bidders making themselves known until after the Christmas break. Two days into the working year AA step forward. If there are any other intetested parties they are clearly going to hang back for a while to gauge investor reaction and share price. I believe this is what could now be happening. Not a certainty but one in my eyes which is a strong possibility.

There's a lot to be played for here over the next possible few months.

Fred16

My feeling is one where I think you'll be glad you bought back in.

Always enjoyed the raw emotional honesty and self depricating manner of your posts. One thing I always felt myself shouting at you over the years not to do was to share your investment tips with friends and family. It was a lesson I learnt many years ago. Now I keep my investments to myself and two others close to me but who crucially understand the vagaries of the stock market.

There's a lot of noise here at the moment which needs filtering out. A lot of ill informed, inaccurate and panic stricken viewpoints.

Best of luck with your 50%.

Smalltimeii

My first post since AA announcement.

I most certainly haven't read all of the posts the past few days as life still goes on outside of Sirius. I've still read quite a few posts however and find myself absolutely staggered at the knee jerk response to Wednesday's announcement along with the conspiracy theories regarding FraserFraser ,but most of all certain investors utter refusal to accept that they are responsible for the situations they now find themselves in.

I've replied to your post because it's the only one I have read ( apologies if there have been others ) which is calm, rational and well thought out and displaying a mindset all investors should display - especially in high risk companies in which nothing, repeat NOTHING was promised.

LITC

What do you mean 'next!' ?

You haven't answered those two points I put to KOH ( which you have clearly replied to ).

I'm seriously not being argumentative for the sake of it. They are the crux upon which not just KOH but others base their criticism of Fraser.

If you are able then expand on them.

KOH

Surely you have every need to prove your points further.

However, as you say, civilised disagreement is indeed fine.

KOH

Could I ask you to expand on a couple of those points to which you refer?

Namely, how a financier was supposed to take on a more geological role regarding the tunnel upgrade. Are you saying that when Fraser had the independent MTS build figures and design put to him in the report he should have realised the miscalculation?

Secondly, the bonds. I'm certainly no expert when it comes to such matters and as such I have to garner my information from financial experts in the bond markets. I don't recall reading anywhere at the time concerns being put forward such as those you now draw my attention. Maybe you mentioned your concerns regarding JPM at the time we were going to the markets with our proposal?

If geological and financial experts had been warning Fraser of the problems you blame him for and he had ignored their warnings I'd be with you in calling for his head.

KOH

I'm not going to waste my time trawling through past posts but I recall you feeling like this a long time ago when you had plenty of time to get out at multiples of what we are at now.

It's not about me not recognising Fraser not delivering a higher share price but more me recognising what Fraser has done regarding product efficacy, off takes and construction progress etc whilst at the same time recognising no management is immune from other potential investors viewpoint and their lack of foresight to risk investing in us.

You clearly blame Fraser for the bonds not being taken up. I don't. On that we shall have to disagree.

KOH

Why didn't you sell up when the share price was higher and you felt like this about Fraser?

I certainly would have done.

In fact, if I felt as you do I'd sell up now.

KOH

What amazes me even more is that you are invested in a company whose CEO you think is a villain. Just think of that seriously for a second: you have your hard earned money in a company in whose management you have no confidence and who you regularly criticise as being incompetent.

The relationship between what you are saying and what you are doing is illogical. But the really confusing thing is that you have felt like this for such a long long time.

For an investor in the stock market it's a very unusual place to be for sure.

KOH

Fraser hasn't failed to deliver funding as it's still ongoing.

I fail to see the significance of your comment regarding his earnings?

The truth of the matter KOH is that there are people invested here ( and you are most certainly one of them ) who are emotionally out of their depth with this share. As you convinced me last year when the bonds were pulled and you wet your pants with embarrassingly cringe worthy posts at the time whilst running around like a headless chicken with a grenade launcher ( as I seem to recall another poster saying about you at the time ).

No doubt if we go bust you'll spend the rest of your days feeling sorry for yourself, telling yourself how you were misled and robbed by a cruel villain who promised you riches in stone and who failed to deliver. Yet if we succeed and make money you'll no doubt praise your own sagacity and investment brilliance.

You've had many chances to sell before us dropping to where we are now. You posted some months ago about selling on a spike. I, as I'm sure many others do, look forward to that spike so you can sell up.

Something though tells me you won't.

I think the term villain is stretching the truth and the reality of the current situation a tad, even for those on here who have no time for Fraser.

When you think of those who have defrauded, plundered, robbed and manipulated company accounts / assets for their own personal gain and to put someone who has set up charitable organisations to benefit the local communities such as Fraser has through Sirius is a bloody disgrace.

The only benefit of the shoddy article ( I daren't refer to it as journalism) is that it allows those who have invested in Sirius without understanding the magnitude and complexity of our undertaking to appease their own consciences by having someone else to blame for their own investment shortcomings.

RUSirius

You're only narked because you called tails on the double headed coin J-Curve threw up for you.

Cliffedge

In reply to your confusion the said person could be suffering from Tourettes syndrome, an involuntary affliction where the sufferer blurts out repeatedly and uncontrollably. I just hope he wasn't a sniper in his army days as I imagine him crawling through long grass towards the enemy only to suddenly jump up shouting 'HERE I AM! HERE I AM! OVER HERE LOOK! WE'VE GOT NO CHANCE OF RAISING THIS MONEY YOU KNOW'

Scootaboy

Positive vibes which are highly optimistic still make it a contrarian investment.

I agree that this is a punt, but then again it always has been. We've always been running out of money. I remember the timeline for money running out being discussed when I first bought about a decade ago. As a contrarian investor and a keen follower of Kondratieff theory it's why my attention honed in on Sirius.

Not all believers and investors in Sirius are sentimental about the company or blinded by the reality of the situation. There is real and genuine possibility of us not raising the necessary finance. However, like many I believe we shall indeed raise it. I believe we're facing dilution on a big scale, perhaps we're talking 15 to 20bn shares to secure the finance to see us through the next phase of construction. Despite this, in light of projected earnings and construction going well, still a worthwhile investment.

A worthwhile, contrarian investment.

Scootaboy

In light of the current share price and much negative press whose opinion would you say is the real contrarian?