Member Info for adzy2k11

I’ve checked previous annual reports and debt raising memorandums, but can’t find any information on this 30% change of control provision. Anybody able to dig this up?

*have added NO value.

Ok immo, you as usual have added value. What’s the point banging on about the same thing over and over?

I admit I’ve been guilty of this too but can we all please stfu and stop banging on about whether the equity is worthless or not.

Let’s stick to real analysis of the facts and not worthless comments like these (that applies both positive and negative)

I’m not emotional I’m just shocked with some of your theories about how this would be saved just so that it allows investors like clermont to invest again!

The reputation of UAE is already gone, with or without a bail out

“ The like of Clermont and Norges will never invest in UAE businesses if they lose it all“

I’m afraid you are just displaying wishful thinking. Did China do anything to stop Sino Forest bankrupting? Did it stop the likes of Wellington and clermont to stop investing in alibaba, JD.com and other us-listed chinese stocks? The AD govt shouldn’t be seen to be supporting fraud.

NMC's debt as well as its shares have lost value, with a spike in yields on $400 million in sukuk, or Islamic bonds, issued by NMC in 2018 and due in 2023 last week to almost 25% from a yield of around 4% before the Muddy Waters report.

The paper gained in value after the Moelis appointment, "but it's still quite distressed," a fund manager said.

Pioneer - I don’t think anyone here gives a f*ck about whether the business is saved, people’s interest are solely in getting their money back... can mubadala and others replace the $2bn debt facility? Maybe... not to the benefit of shareholders though

Yes, you said it, liquidity crisis, not solvency crisis... you do know the difference, right?

Are doubling down on the debt! I think it might be worth a punt on the convertible debt.

Redwood Capital Management, LLC is an SEC-registered investment advisor that focuses primarily on distressed and stressed credit opportunities.

https://www.businessinsider.sg/ken-moelis-million-dollar-coin-flip-with-donald-trump-2017-7?amp&r=US&IR=T

Deos - You keep telling yourself that if it makes you sleep better.

MrD - “ If you read the original statement when abu Abu Dhabi considering stake they do say that no comment on what will happen as restructuring is taking place“

Are you dreaming again?
They never mentioned restructuring, they said they couldn’t comment as talks were private matter is private and that there can be no guarantee of a transaction given the complex issues facing the company.

I have 4 different brokers, including DMA where I can get options.

Well you’re 30 years old so can’t be for that long.
Who told you it was a d/e swap? Are you fantasising again? You do realise there are other debt restructuring options too?
And if you were listening I have sent an email to double check with IG. But their terms state the GS does hold - hence its name!

Nothing has changed... You just confirmed I was proven correct!

And actually the GS does apply even if shares are de-listed, I have an email into IG to confirm but read their terms kid.

Why are you competing a foreign company to UK dogs in structural decline... you sound like you’ve only been investing for a few years.

Shaml89 - the same guy who thinks tullow has strong fundamentals and said it wouldn’t fall below 40p and the b and told everyone to not waste their money on ESL at 5p...

LOL!

24 Feb 2020 15:02
I cant see (TLW)
Falling it any further, but I must have said it more than ten times today , fundamentals are strong looks like market is worried about debt

26 Feb 2020 10:14
Guys i think
An offer of 6 (on ESL) has already been made and accepted so previous shareholders would get 6p and company would get delisted.Dont waste your money.

Shaml - if you read my posts I have a guaranteed stop at 800p (my break even) and already took half profits from 700s so it personally doesn’t affect me financially whatever happens.

Im in it for the entertainment and education.

The CFO was already sick on/off the last year.

Whether Shareholders are wiped out will depend on the extent and terms of any restructure. We won’t know that anytime soon.

No sh*t sherlock, the stock has dropped 75% as is suspended, its obviously bad!

Equally there are plenty of companies that have come back and done well (over 3-5 years) post a restructure...

You mean the same way clermont knew about sino forest going bust just after they bought a 20% stake...