The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
PikeyK, you appear to exist here purely as an adjunct to Spikeyj, I expect it seemed amusing at the time?
You certainly put a lot (and I do mean a lot in hubbas case) of clear blue water between yourself and the other supporters here with that statement, ManFromDelMonti. Not long to wait for the verdict, surely your ‘before the 6th Oct’ is the last line in the sand?
Give me some credit hubba, if I was pretending I’d have added a few extra points rather than be a Mensa failure at 147. Whatever your IQ, you certainly have an extraordinary imagination..
Perfectly well understood what you were saying MrC, just calling you out on the fact that no poster here has an IQ below 10.
MrCoffee, suggesting someone has an IQ not in double figures but is more intelligent than the other posters who have apparently not drunk sufficient quantities of the Kool-Aid makes me wonder about yours? For what it’s worth, I scored 147 many years ago under a supervised MENSA test. Not quite up to the required level for membership (149 IIRC). 100 being the average and, whilst zero is technically possible, 40 on the downside and 160 on the up just about covers the spectrum.
1982, And of course a former chairman of the Nasdaq with a well respected legit brokerage could not possibly have run the biggest Ponzi scheme since…well Ponzi himself.
Been reading and couldn’t resist. The funniest comment likened the naysayers to someone at a church fete telling those with raffle tickets they would never win anything. That would be a church fete where the vicar has taken the cash but sold all the donated prizes on eBay, whilst delaying the draw for seven years?
That Inkwood link has been posted before, earlier in the year. I recall someone commenting at the time, they have gathered together all the available info in the public domain and presented it as a paid for report. What Amit has put out publicly will be included, so it’s back to the age old question..
08:56, If this was still on AIM and the updates were in RNS form there would be an expectation that the nomad (it is a mandatory requirement to have one) had seen proof of funds in escrow, contracts, notifications of completion dates etc.
Dagenham, that would be Occam’s razor in its simplest form. Apparently that’s not how it works once you’ve drunk the Kool-Aid. That said it’s not like a law of physics so a positive outcome is of course possible. Time will tell.
Helx2, my gut feeling on first reading your post about Occam’s razor was that you were wrong.
Using Occam’s razor, either I need to consider all the various points you make and re-evaluate my thinking in case you are correct, or go to the simplest explanation - that you are wrong.
Never mind the ‘buyer remaining committed’ - if the update earlier in the year informing all processes of the deal were complete was an accurate description of a ‘done deal’ then the there would be no need for these endless messages of encouragement. The buyer would be contracted to buy - end of.
Perhaps Amit is sitting there with his underpants on his head and a pencil up each nostril as he writes the updates. A switch to video message for future ones would be useful to see his demeanour and body language.
Whe4to, if they ever do a re-make of ‘12 Good Men’ I nominate you for the lead role..
Who knows what goes on in the mind of a single Director operating a company based in a ‘relaxed’ jurisdiction without any supervision. Perhaps in his own mind he is a business legend and cannot accept reality. He certainly has enough encouragement from some (we just need to wait for the US markets to open, every word of every update has a critical legal meaning, some pizza munching clown put the boot in and spoiled poor Amit’s plans etc etc).
AJH61, There is a self confessed high level narcissist - HG Tudor - who does some interesting podcasts about the condition. It is quite an eye opener, at a lower level (eg Meghan Markle) they have no concept of the notion they are lying and believe at the time that what they say is the absolute truth.
‘The Company’, note the capital ‘C’ I take to mean Cloudtag (rather than the company buying the DaaP). After basically saying the announcement is purely at the discretion of the buyer, what does ‘working diligently to consider…&c’ actually mean in terms of what Amit can do in the circumstances. Or does Amit mean the buying company is working diligently?
All rather moot I suppose as nothing has happened to date.
KarlTaylor, do you think the the big blocks of rent only flats are some sort of social housing? Do a bit of research - build to rent is to date aimed at wealthy young professionals and the offer is high end city living with all the bells and whistles - concierge, on site gym, cinema. The other market is purpose built student blocks, again same high end model.
Interesting point about Amit having used his full quota of delays- but what are the consequences? Assuming it is all genuine, it is pretty clear he is completely on the back foot in the deal otherwise there wouldn’t be a situation of the buyer dictating delays purely to suit their own commercial interests (and no confirmation of any money in escrow for the DaaP sale). So there is a binary choice of Amit accepting whatever the buyer says in terms of potential further delay or refusing to accept an extension. If there was an agreed further delay, that binary choice would then be pushed out to whatever the next extension date was. Presumably there is a serious risk of the the buyer walking if Amit pushes too hard - if not why on earth has the extension been agreed to 100% suit the buyer - at 100% cost to the shareholders (the opportunity cost of not collectively usefully employing $275m dollars rather than the buyer retaining benefit of it earning interest. (If some enhanced terms were agreed I’m sure Amit would have stated this in the last update).