Member Info for aceinvestor

The market's decided it's happening. Glad I decided at 3p.

I see there is polymer n1,n2 and n3. I got the n2 from the error in the amendment to the articles for polymer holdings, where they've added a conflicts of interest clause, which I've seen in plcs before. Just means that Dr. Speirs needs to announce his interest in any contracts before a general meeting. Though since he holds almost all the shares I doubt that it matters, but interesting that the solicitors feel it needs to be done. I suspect something will happen this year!

Should move a bit now.

I meant speirs - sorry graham!

No change here. Still the same situation with fet setting up a company with an almost identical name to tube tec, must mean something. One thing I ididn't notice before is that Squeirs set up "polymer n2 ltd" last year, doesn't seem to be doing anything. So tw indus, polymer just sitting on cxm and waiting for ??

Lezayre didn't seem to be much of a company, presumably relying on a third party. Iris is a different kettle of fish so I would expect the deal to be completed. Not forgetting Robbies best laid schemes of mice and men etc, so I probably won't be buying any more but will be keeping what I have.

There might probably a delay in transport so they're trying to keep their cash as long as possible. I would think they have the ability to get the money, otherwise why make the agreement in the first place? The turbines weren't going anywhere else.

I've taken another 100k. I guess it's cheap because the T traders can't hold the positions. I'm sure they wanted to get the cash by the 5th nov but once the lawyers get working it was always going to take longer. Still now, presumably, they have a non refundable deposit and a date that means something.

Looks like the market is confident. SA is often leaky in my experience.

I expect the deal to happen soon enough. Iris Corp are a serious player and I doubt they want to hang about, but lawyers take time to earn money. http://markets.ft.com/research/Markets/Tearsheets/Business-profile?s=IRIS:KLS

I guess an rns on the 6th to say all money received was a bit much to expect, when do things ever work out like that? Still, a small delay is fine. Bright Day took a while. Lets hope these Lezayre people haven't thrown lawyers and court orders at them!

There was easy money to be made last year here, at one time not only did investors not understand but it looked like the mms didn't get it either. But now it's just a shell which has been a lot higher than now. There's support from the funders around .2p so it's just about right. mkt cap of £500k doesn't mean much since if you try to sell a few million it will be £200k pretty quickly. They are running out of time to do something, so maybe those who convinced the board to keep the listing should come up with something, presumably that was Alexander David.

A few T10s closing their positions?

"Potential opportunities have been and are being presented to the Company on a continuous basis. A number of these have already been rejected as unsuitable. The Company will continue to consider all opportunities until it determines a suitable target. In the meantime, the Company continues to minimise its costs. Finally, both NobleRock and I have now exercised all our warrants in Global Brands demonstrating our continued commitment to the Company. " That's what they said. Just a shell, Alexander David has 20%, NobleRock with Bruce Vandenburg have around 30%. They kept the company going because a Luxembourg registered company was supposed to be worth something to someone, so we either trust them to to find a deal or not. I have a few with an average of .32p. Some activity lately.

Still alive? Looks like people think a deal is in the offing?

Quiet here. If anyone is interested in shells I see GBR has come alive at last.

There's only 78m shares and just 40m in free float. I'm just one person and I hold 1m so hardly surprising a few buys changes the price. My view is that there was interest in using cxm as a shell 2 or 3 years ago, possibly for Polymer or even Kromek. But the financial situation postponed it. Now we have Stanhill more in the mix along with Forum who may want to buy Polymer or part of Polymer which may trigger action here. No shortage of possibles. Could even see growth in the cxm business, though I'm not sure they benefit much from an aim listing.

One mustn't forget that Kromek was looking to float a few of years ago. Maybe another possibility for using a shell. http://www.kromek.com/aboutus_theboard.asp

FET Global Holdings is registered in the UK with James Harris and Hazel Hunter. So that will own "certain" foreign holdings but not as far as I can see Tube Tec (Tubular Protection Services) Limited. Though the whole thing is quite complex. http://company-director-check.co.uk/director/915970174

One must ask why FET don't just buy Polymer. Polymer had sales of £22.7m (ye June 2011) with gross profit of £6.8 so not that cheap. Maybe a JV with a new aim listing might suit Dr Speirs and perhaps he has the technology FET want, so what he wants matters. Either way it will take a while to sort out, CXM is still an entertainment company!