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Seatrout, firstly, happy new year. Secondly, I do not know if PAR gas a chance or not as it is just a listed shell with almost no money in the bank. Since there is no money in the bank, a deal is predicated on the acceptance by the seller of cash or equity. Since there is no cash, PAR will need to raise debt (cash) or equity. But if the target is not flowing cash, debt is most likely ruled out, leaving equity. We have seen what happened at HUN in terms of issuing equity. The same will happen at PAR if an acquisition can be found in time before delisting is required. If equity is to be issued, this indicates to me that this is a reverse takeover and the rules of this process must be followed. This means PAR will be suspended, just like HUN. But either via the reverse takeover or expiry of the shell listing rules, I fully expect PAR to be suspended for a period of time. It could be temporary or permanent, depending on the events in the next 90 days. I do not think you are a fool. Either PAR goes to zero or it might go to 1p. It is truly binary. If your risk reward tolerance accepts this, then you are not a fool. If you are not prepared for the possibility of PAR going to zero, well then, I won't comment further. But I do not invest when the outcome is binary. I will wait and watch, looking for the point where the odds of success are in my favour. Those odds with this management team may never come. I think my real issue is I do not trust management after watching them pay themselves the little bit of cash PAR had and a large amount of shares for the Greenstar shell that adds no profits to PAR or shareholder value.. Special advisor whose role and value proposition have not been defined to shareholders, a Greenstar shell with no profits, a Chairman that allows his shell company to be vended into a previous tantalum mining company, a yes-man banker on the board that is not a good caretaker of shareholder interests, and more. This is not an equity story ready for my investment capital. I read somewhere about potential litigation against NVTA actions. I don't know NVTA but PAR shareholders might have a case to litigate in terms of the Greenstar deal, it's lack of transparency and the lack of a shareholder vote. After all, PAR belongs to all shareholders, not just the board. Have a great new year. All the best for 2014. May you make money.
Hey Seatrout, maybe HUN should take over PAR! That way the Greenstar shell and PAR shareholder legover can be swept under the carpet! One shell (HUN) taking over another shell (PAR) that just bought a smaller shell (Greenstar) that is held by the Chairman and C.E.O. Shuffle the shell cards enough and no one knows where the joker card is.
A very good morning to you Seatrout. My interpretation is the Chairman of PAR is also trying to sort out HUN. This to me means he is spread too thin. This is confirmed by the comment in the HUN release that says the deal HUN has on the table is going to take 3 months to get done, if it can get done. This us where all his effort is right now. A capital raise for HUN should be below the suspended share price. So I would think any possible PAR deal will be longer than three months away. And the PAR share price should drift lower due to market fatigue. Then maybe raise capital at a discount to the lower PAR share price.think about this. HUN wants to raise £1.2m but it's market cap is £600k. So HUN shareholders will be diluted by 2/3. If this is how the Chairman operates, I would expect a similar type dilution for PAR, if a deal can even be found. So good luck with your PAR investment. You could be diluted by 67%.
Hello. If you like PAR, you must love HUN ,hunter resources. Look at the release today.
Seatrout, I read this website every 2-3 days. You haven't answered my questions. How did you get to a 20p target price? What kind of analysis did you undertake? Was this pre or post dilution? Don't yes smoke and mirrors, just financial assumptions and answers to how you got it the 20p . Thank you.
Good evening Seatrout. PAR can get to 20p just like I am getting ready to walk on the moon this weekend. What financial profitability and gross sales do you base your 20p price target on? Also is your 20p target pre dilution or post dilution? What margins are you assuming and what is the product that PAR is selling?
Good evening Seatrout. You indicate that the chairman is a top person and you deduced this from a brief meeting in June. But then the CEO and chairman leg over shareholders with the Greenstar shell injection in October. Hardly a "top" deal the CEO and Chairman did for PAR shareholders but a "top deal" for those two.
Seatrout, no, I do not own any shares in PAR and won't until I get answers to my questions.
Seatrout, it is very late but I shall reply quickly. Firstly I like your pigeon in the maize field comparison. The value of Greenstar is easy to quantify if one knows the profits. Seeing the chair and CEO were already on the board of PAR before the Greenstar purchase, I see no reason for the purchase of Greenstar. Any contacts both those individuals had before the Greenstar purchase they still have now. Shareholders did not need Greenstar to open any new doors. I might be wrong but I think those two individuals pulled a fast one on shareholders. There has been nothing produced to support otherwise. That said, I do not want to see you or anyone else lose their investment. I will continue to watch PAR. There are many people like me waiting for the answers and watching.. Imagine how rich you would be if the watchers all bought PAR shares because the company was transparent? Indeed, the company suffers and will always suffer until it is open, transparent and shareholder friendly.
Seatrout, good evening. Nothing wrong with posting on this board or any other board, is there? There are people on boards that have more contacts and possible more insight than I. Therefore I ask questions to learn. Am I wiser, I would like to think so. My questions gave kept me from losing money on PAR in the short term. But you haven't been able to answer the question on how much Greenstar made in profits. Nor has anyone else. So to me, that is blind investing. Warren Buffet would not invest in a company without knowing the underlying profits. Neither would any other billionaire or millionaire. PAR might go higher but not on fundamentals , but on hype. That is ok if you like to invest in companies that are opaque and do not share financial information. I will sit back and watch. Maybe the transparency changes at PAR.
Good afternoon Seatrout, I guess I am not up to speed. Anyone can talk about oil palm, cocoa, rice and other commodities. But we still do not have clarity and transparency around Greenstar. Why buy Greenstar if as you say, oil palm, cocoa rice and other commodities are the target? Talk is cheap. As for my credibility, it is solid, I analyse before I invest, unlike others here. Maybe I sound like a broken record because the answers I seek are not forthcoming, possibly even being suppressed. I have never owned nvta,I have never sat on the board nor am I a professional deramper, whatever that is. However you might be seen as a professional hype merchant, trying to entice people to buy a share without all the facts being visible. That sir, is most dangerous. And wreckless.
Hi Seatrout, what exciting opportunities are you referring to? You seen confident. Will the purchase you refer to be as opaque as the Greenstar purchase? Why are you not confident Greenstar will make shareholders money? Isn't that why it was purchased ? When is goodwill written down ?
Bugzy, why perverted? Why use a word like that? I do not slate the company, I ask honest and open questions so I can make an informed decision. But no one here can answer the questions. Doesn't that worry you? My other equity interests are of no concern to you or anyone else. My time is just that, mine. So you mustn't be concerned on how I spend my time. I can assure you, I do not suffer sleepless nights worrying about what you do with your time.
Good evening Bugzy, two different people, unfortunately for you. I never owned novanta nor do I care about it. That was chapters ago, noise from a different era that has zero bearing on PAR today, tomorrow or in the future. If I were a novanta shareholder and saw the directors of novanta that kocked up that company are the same directors of PAR, I would be worried. Break a company once, what is stopping the same people from breaking another company. Fool me once, Shame on you. Fool me twice, shame on me. But I haven't been fooled once or twice.
Seatrout, did you even go to the AGM? If so, what questions were asked and what were the answers?
Seatrout, you never answered my questions.
Good afternoon Spenfold, what questions were asked at the AGM and what were the answers? Did the chairperson or CEO talk about the sales and profits of Greenstar?
Good morning Seatrout. Those 80m shares at the current share price means the company can only use scrip to buy something worth about 280k. Currently this amount is not enough to buy anything of substance, only a speculative venture that probably has no profits. Like Greenstar. Or a percentage of a company where PAR overpays for a 10% stake, which is effectively zilch. If you want to support the board as aggressively as you suggest, you might want to wait until the dilution is finished. That way your investment has a chance of success.
Seatrout, sorry to disappoint you but not only have I not been buying but I still do not own any shares. Why is this? Because simple profitability questions can not be answered. But one of the biggest reasons to avoid the stock is because shareholders are going to be MASSIVELY diluted soon. You won't be able to file a notify able interest form because if the company raise 2m£, you will lose at least 50% of your weighting. And any placement will be done at a discount. So you get double screwed over. Only after transparency in the Greenstar debacle and after the massive dilution event would I consider investing.
No Seatrout, it was not me buying. It is hard for me to justify buying a company with a market capitalization of 1.8m$ when the true value is about 310k$. Greenstar at 260k plus cash of 50k. But even the 310k valuation is generous because we all know Greenstar is not worth 260k, don't we?