Member Info for beton2

I don't know him from the roos in the back paddock and therefore nothing to trust. However, I can add 1 and 1 together. And make all sorts of answers. But consider this. Does PH go around throwing money away? Not likely. They have orchestrated this from when BigDish pulled out. JM-K left because he had morals and wanted a better deal for the shareholders. The SHs said they did not want PH. So what do we have - PH with a worse deal. We have today and tomorrow to announce that we have a NOMAD. This will happen as PH won't let the company be delisted. PH is not here to hopefully find a project or company to suddenly show up. So PH has a project to slot in place. The PH deal is not characteristic to at least one of the board. JM-K walked, will there be others? This is not going to fold up into a fetal position. We as shareholders may have been screwed over, but NYO is a long way from being a corpse. We have just been diluted to one tenth. So instead of being a 10 bagger it needs to be a 100 bagger. As I said, we will be getting an announcement very soon and when we read it, we will be saying WTF. yet the answers are already there. We just don't know the precise details. We just know that there will be a nomad (we don't know who) PH will put a project in (we don't know what) and most likely there will be a board shakeup (and we don't who is going nor who is coming) We all have a choice of getting tax losses or staying in hope of breaking even or winning later and pray that it does not tank completely. In the meantime we cannot do anything especially us Aussies. At least we can get 47% back as tax losses.

I am certain his mate gave him a nod. Me - I am certain that we will be saying WTF.

I believe that I have just learnt a lesson. An expensive one. It is about having a BOD with no skin in the game. We shareholders gave the bird at EGM. In return we have been put over the barrel and one shoved up where the sun don't shine. We were to be screwed over before. Now we are screwed ten times double. I am curious to how the cards fall now. PH will have to have a doozy of a RTO now.

I spoke to SB today. Their principal focus is getting the new nomad on board. He could not say much, so I hit him with a series of questions and statements and read between the answers. This is my largest position. I believe that we will be alright. In a way, I am content that being on the ASX has prevented me from cutting my losses and running. I can sleep easier now.

So we come back weaker than the EGM. Peterhouse had a full house and collectively we said "No way" and gave peterhouse the bird. Now peterhouse has their shares and maybe some. We have lost a few months and are in worse position. We will most likely still have our consolidation. The upside is that peterhouse is not going to put money into something that is going to lose money. Something that is heading for the sewer will keep heading for the sewer unless there is something immediately available to turn it around. So Peterhouse has some endplay. That endplay is enough to get another Nomad. The downside here is that we shareholders are going to be canned for giving the bird. We were going to be canned before the bird, can you be double canned? So there is still life after lifesupport. From here I see the following. (1) ANN saying P/H stays as Broker (2) ANN saying new Nomad (3) ANN saying P/H has a wack of shares now (4) ANN saying consolidation (5) ANN saying New Project/RTO Bottom line is that in the shortterm we have lost a major part of the value of our holding. It will take a long time to get it back. (6) ANN saying CR.

Definitely updated. Something is up. While they were talking to BigDish, nothing was done on the webpage. Now, someone cares. Someone is trying to present an image.

j-mk down to 55M shares now. He needs keeping the lights on money as well. An each way bet.

I see j-mk's shares have been issued.

Not sure how the dual listing works, but now we have an aussie company listed on the AIM. Open to the UK market. Does not that mean any vended company will be a UK company subject to aussie laws and taxation. Isn't this a deeper hole?

So Polemos is just another shell like NYO with Cornish and Peterhouse attached.

So what, who is Polemos? What do they do?

They will need to have all their ducks lined in a row. As soon as the AGM is done, they will need to announce the RTO and it needs to be a good one, and funding arrangements. Then there are the Aus shares that will be sold off. They have to boost the share price quickly or it will tank.

AGM 3 July. 1:400 consolidation. That is a massive haircut. It takes the scalp and half the skull. I keep looking to see if they have made a typo. I was expecting 1:20 and can live with 1:40. "tell them that they are dreamin"

Several things have occurred with the delisting announcement. Back in November a suspension event happened which with the various events stopped NYO trading on the ASX. NYO has been suspended on the ASX since. Last year the ASX tightened up the backdoor listing rules. Which in turn made any deal difficult. NYO is a mining company so under the new rules it has to remain mining unless a lot of boxes need to be ticked off. Then on top of the new rules, to be requoted , consolidation needs to occur as NYO last traded at 0.1c and it has to come back at a minimum of 2c. So just like many conversations have taken place with the BOD and NORAD, the BOD have been in discussion with ASX. Preliminary discussions have to happen before official request for delisting. So these discussions have taken place. ASX may apply conditions. The conditions appear to be sorted out already and agreed between the BOD and ASx. So the delisting should already be agreed in principle. All it needs is shareholder approval. http://www.asx.com.au/documents/rules/gn33_removal_of_entities.pdf So the delisting will allow a RTO under AIM happen. and it will allow us Aussies to get our money out and more importantly at a profit.

Yes Fear of missing out. The lazy uneducated ones. That is where some of the profit is. There and the cautious ones. and the ones that panic. and the unwatched stop losses.They all contribute to the available profit. This stock is a gamble. But the gamble is only until the product is revealed.

The regs and the guardians are there to make sure that the legacy holders are not ripped off, The current price is a fair price. You need the vehicle, the product and the money, We are the vehicle to the money. The RTO target needs us as much as we need them. For a deal to go though it has to be a fair deal. That is the facts at present. We are going to do a deal and it will be fair. The product is an unknown. That is the gamble. However it is a good gamble because there are hundreds of wouldbe wannabes to select from. The manipulators that put these deals together exist to make money for themselves and their clients, so they are only going to make money if they get potentially the best deal. So that is another fact. A bit like a horse race in which you don't which horse but it comes from the best trainer and has the best jockey on it. The horse has to be able. The product has to be able. Another fact is there should not be any insider trading and at the top it is controlled. In all deals it can not be stopped. Humans can put one and one together and they can't help gossiping. There has been an increase in activity. Undeniable. That has put the energy into the stock. So something is driving the interest and it is not the cab driver. Yes there are the FOMO brigade, but they have been down this path before, winning some and losing some. 0.02p might be your opinion, mine is 0.12p. There after the product has to deliver. Remember that the product is already trading and needs access to money. So the product must be able to push the share price up. So 0,5p is not unreasonable. Thereafter there will be a consolidation and the retraction. They are also knowns. So yes it is a gamble. So is backing the favourite. But people have to get their own education and make their own decisions. I made mine 12 months ago at 0.1c (0.06p). I love the FOMO brigade.

Buying any shares is a risk. The entire stock market was born on risk. To buy into a company and more importantly to get your money out needs the mechanism of a stockmarket. Very few companies in history have continued to make money and rise year on year. Most are subject to supply and demand. Then it comes down to how much people are prepared to pay for the shares. The Bluest of blue shares have lost half their value in a week before and will again. People buy different shares for different reasons but ultimately they buy with the hope that they will be able to sell for a profit. That profit only comes from somebody prepared to pay more than you paid. This is the same whether it is the best blue chip share or the worst penny dreadful. The stockmarket is a negative sum game. Any profit must come from someone else in the game. AND the mechanism gets paid along the way. Fortunately as some businesses get more profitable, there is a general increase in value overall. It is a big legal ponzi scheme. So there are winners and there are losers. The difference is education. This pointy end of the market is RISKY to the max. Anyone here must be educated and must do your own research on the stock. IF YOU ARE NOT PREPARED TO LOSE YOUR MONEY YOU SHOULD NOT BUY. But you can lose your money at the top end of the market just as well and more people do so. I buy the penny dreadfuls. I expect to lose at least 33% of my share purchases. That I acknowledge and I am prepared to lose those funds. I still monitor them to minimise the losses. I also expect to have 33% of my shares purchases to go nowhere, but I can get out at breakeven or a slight profit. To counter this I expect 33% to double or better. And I expect that 1% will be a 50+ bagger. But I can not just buy any shares. I have to do my own research. This share came up as a share that will rise, it could not get any lower. But it got rid of the former BODs and some temporary moneymaker types were put in place. And they got some keeping the lights on money. Then came BigDish. So it failed with BD. That was only redtape. Plan B and C are in place. Redtape in the ASX is delaying the process so we get rid of the ASX. Not a bad thing as it saves early consolidation. At present this share is a punt. but a good solid punt. AND IT MAY BE ONE OF THOSE SOUND COMPANIES WITH GOOD MANAGEMENT AND LONG TERM GROWTH POTENTIAL that you are advising. No one knows yet. It might be a Microsoft, or it might be a mongrel dog. If it becomes the next Microsoft should you be warning people off? People should make up their own minds after doing their own research.