The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Sence2, this is most interesting, a different angle from where I am looking. The BoD will say anything in terms of doing a deal in the near future just to relieve some of the shareholder pressure. We all know Greenstar is a shell that has dubious ownership and minimal value. PAR shareholders just lined the pockets of the BoD and I gather the shareholders are pleased with this as there has been no outcry. And it amazes me that the share price isn't .10 or .15 I would not invest in an agricultural company just to get access to management and consultant contracts. I want to invest in an Agri company to gain access to farming and produce. This doesn't look like the path PAR is walking. Management consulting is not a money maker except for companies like Accenture.
Seatrout, no need to attack me just because you haven't dine your due diligence on PAR and the Greenstar ownership. Active negotiations are just talks. There us no guarantee that anything will come to fruition. Due diligence in Africa is expensive and time consuming. Secondly, of course the Board is confident on moving forward on a project. They just told all the PAR mushrooms they were in talks to placate the masses. But the near future is not this month, and most likely not next month. Maybe something happens in Q2, H2 or 2015. I point you to Hunter Resources to show you how this process unfolds. HUN raised capital in Dec 2012 and still haven't done a deal 14 months later. No deal in this sector is completed in the expected timeframe. You want to invest in consulting contracts? You are better off buying into Accenture. How much of Greenstar does the Chairman, the CEO and the family of the CEO own today? PAR pays their fees, travel, rent, hotels and food bills but the majority benefit of any success is for Greenstar shareholders. Seatrout, do you own stares in Greenstar?
Hi Seatrout, there was nothing in the release that is remotely positive. Greenstar might be getting a consultant or management contract. But PAR only owns 40%. The other 60% shareholders of Greenstar reap the benefits. But wait, isn't the CEO, his family and the Chair supposed to be shareholders of Greenstar? So they are the ones that would benefit if any consultant contract, not PAR shareholders. I am actually surprised PAR has held up so well after this release and with the emerging market meltdown. I would gave thought PAR would be in the teens already instead of .25. There is nothing positive, just a release to keep shareholders quiet. Just like mushrooms, keep them in the dark and feed them cr@p. Finally, 2015 is considered to be 'relatively near future'. But the stock will be suspended before 2015 in order to raise capital.
Greenstar seems to be a deal making entity, similar to a merchant bank. As you know, merchant banks work on success fees. Why should PAR own a merchant bank type shell? Cant the Greenstar shell receive their success fees without being 40% owned ? How long has the CEO owned equity in Greenstar? There is no mention of Greenstar on his CV. The Greenstar deal smells and with the emerging market sell off, I am surprised PAR isn't closer to .1 instead of .27
Hi Seatrout, I don't look at this board for a few weeks and a tussle breaks. I read through the posts and the shareholders should be concerned. A text like that could be used in court if it was more detailed. It is not a detailed text and I will table my belief that there is no news for two months or so. Why? Because the company has no money for an acquisition. And to use scrip as a currency means the reverse takeover rule is triggered. And for the reverse takeover rule to be in force, the share needs to be suspended. As for the " board are crooks" comment, I still maintain they lined their pockets at shareholder expense and there is no reason for the Greenstar acquisition. If this company was transparent, maybe I might be proven wrong and happy to recant if the facts are produced. The PAR share price is going lower as there is no compelling reason to own it, especially knowing massive dilution is coming. Just look at HUN and what happened there with dilution.
Evening Seatrout, I am interested in the fact that a board member would treat a 3% shareholder (you) so badly as to not answer your questions and suggest your genuine questions amount to bombardment. Which board member was it? Do you own more PAR shares than that board member?
Seatrout, out of interest, what is your average purchase price for your 3% on a per share basis?
Seatrout, congrats on the filing. Best of luck.
Hi G8shd, you don't believe in freedom of speech? Or are you going to be my 'thought police officer' dictating to me what I can do and when I can do it? The fact is I have raised questions that you don't have answers for and because of this, it makes you uncomfortable. How do you know my questions are unwanted? Maybe I have saved someone from losing money, I do not know yet. It is early days in this rather salubrious story. The story may end up happy or it may end in tears.
Hi Seatrout, I was not buying nor am I a buyer, nor do I own any shares in PAR. Too risky right now and the lack of management credibility coupled with the opaqueness of Greenstar before the impending massive dilution makes PAR uninvestable on a fundamental basis.
Hi Mubz, I have been on the Greenstar website and have seen the brochure. It is a nice brochure. But it brought up more questions than answers. An examples, the company supposedly started in 2001 by agriculture specialists but yet I could find no financials submitted to the government for the operating period. So it tells me there is not much turnover. Low turnover equates to low profits. And Those case studies mentioned might have been done in 2001 or 2002. We don't know what has been done in 2012 and 2013. The brochure talks about raising finance. But yet no figures on finance raised or project details on the finance raised were mentioned. And has Greenstar raised finance only once in 11 years? We dont know but that might be the case. Then the selected investments Greenstar invested in as per page 5, what did Greenstar invest in, how much was invested and when did Greenstar exit the investment? For those interested in pretty colours and interesting pictures, the brochure ticks that box. But to those looking for positive reasons to support Greenstar, and then by default PAR, the brochure only opens up a bigger can of questions. The last question is the brochure says Greenstar started in 2001 by agriculture experts. I believe the Chairman of PAR has zero agricultural expertise based on his public cv. So when did the chair become a shareholder of Greenstar? http://investing.businessweek.com/research/stocks/people/person.asp?personId=154491&ticker=3GB:GR I will let the hype artists on this board continue to yes emotion instead of fact and analysis to try to push this equity higher. But I wouldn't want to own 40% of this opaque shell called Greenstar, knowing this management team will try to inflate the value and sell it to PAR shareholders like sheep to the slaughter.
Seatrout, you are calling yourself or other people here weak? I disagree, I don't prey on anything or anyone. The fact remains no one has answered any of my questions and because you realise that there is a reasonable percentage that I may be correct, you and Bugzy and G8shd are getting twitchy. That is fine. You guys live in a bubble and will wait for the share to be suspended after PAR runs out of money and the £1m-£2m capital raise dilution comes. You should buy another 12m shares if you want to get to 3% announceable because that will be the minimum dilution you will get forced onto you and other shareholders.
Seatrout, don't you know it is bad karma on the person that wishes others bad luck?
Yes Seatrout, PDL is a stable company with excellent growth prospects with lots of blue sky potential. And of course with solid credible management. Very transparent.
G8shd, you should think about using a 10 or 15% stop loss. An 80% hit is massive. You will need PAR to go up over 400% before you break even. I own PDL, it is transparent, in a global market demand sector, management under promise and over deliver, management do not leg over shareholders, the company doesn't buy shell companies from directors, management doesn't hire special advisors that duplicate the efforts of the shell company, management conduct conference calls that allow shareholders to ask questions, and more.
G8shd, you only have yourself to blame. But Good luck in the markets, may you make back your losses.
Good afternoon G8shd and Bugzy, you both say you owned NVTA. That is even worse because you never used a stop loss to exit a losing position. This tells me neither of you understand risk management. Anyone that owned NVTA and rode it down to next to zero pence deserves what they got. Stop losses are there to be used and not ignored. Best of luck with hoping PAR will recoup your losses.
Hi G8shd, you and Bugzy have been calling me rude names, basically playing the man instead of the ball. And yet neither of you can not answer the questions I poised to Seatrout. That us fine, we are all intelligent adults here. However, just because you picked a bad investment does not 'entitle' you to anything. You do not 'deserve' anything if you picked a dog of an investment and are a long term holder of a crap company. Much like Seatrout, you are hoping PAR works for you. Hope is not a recipe for investment success, hard analysis is the recipe for investment success . if you were so positive on PAR, you would be selling your other shares and investing the proceeds into PAR. The fact that you are not doing this tells us volumes about what you really think about the chances of PAR success, which you indirectly acknowledge. I wish you, Seatrout and G8shd good luck in general. Please don't read my posts if you can not stomach the analysing questions that you seem unable to answer.
Seatrout, I don't need to ring this people you listed, I am not a shareholder and do not care about PAR. The wool won't be pulled over my eyes because I won't invest in shell companies or dark pools. Even if there is a reverse takeover, how do you know the company makes sense to invest in? What happens if the company grows tomatoes instead of rice? What happens if the villagers figure out that palm oil can be upgraded in value directly and do not need a middleman but the target is a palm oil processing company? Do you like sugar cane ? Coffee? Investing in PAR right now is blind investing, hoping and praying for an outcome that is impossible to analyse. Would you buy a house without seeing it? Without going inside to check it out? Without checking out the neighbourhood?
HNY Seatrout. Interesting you mention poker because I view PAR as a house of cards that could fall at any minute based on the last 6 months activities. Special Advisor Geoff Tyler ? Sound like an Ian Fleming character straight out of the latest James Bond movie. And once again, no one know what thus guy does, what his contract consists of, what his benchmarks for performance, or even why the need for a Special Advisor if the CEO is supposed to be an expert in agri. Just another cost, just another mate of the board that is feathering his nest at shareholder expense. And if Greenstar was a required acquisition in order to see deal flow, why the need for a Special Advisor? Actually, there was no need to buy Greenstar other than to give management cheap shares and cash, particularly if Tyler was on board.