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Deo Petroleum More lunacy from AIM Says Lucian Miers, the Bard of the Boleyn For those who need any further proof of the ineptitude of the Aim regulatory framework look no further than the case of DEO Petroleum.(DEO) This is the new name for Microcap Equities PLC a quoted piece of rubbish that raised money to invest in smaller companies and chose the wrong ones, losing all its money. (London Asia Capital was one such investment which readers of Sharecrazy will be familiar with) In exchange for some 310mn new shares two former directors of the defunct Oilexco PLC (covered on here last year) named Marshall and Burke have stumped up £164,000 on top of a previous £36,000 loan to keep the company going . These shares amount to 93% of the outstanding share capital, the rest being held by some 1,100 small shareholdings worth, on average, less than £5 each. So here we have a company whose only assets are £166,000 and the expertise of two men who were directors of the failed Oilexco and control 93% of it. The rest of the shares are held by people who would not cover their dealing costs if they attempted to sell them. That the shares proved easy to ramp is something of an understatement. The £200,000 invested by Messrs Marshall and Burke was valued at one stage on Friday at £21 million by the AIM market. Right now it is worth a mere £8.5 million (at 2.75p per share). The shares will undoubtedly fall from here and a lot of suckers will get burnt. The principle of Caveat Emptor is clearly paramount in any investment scenario but do the AIM authorities really want this sort of silliness to go on? Even the Vancouver Stock Exchange or any other racy exchange you care think of will have a minimum “float” to ensure some sort of orderly market. But not AIM, which seems hellbent on completely ruining any reputation it had.
http://www.advfn.com/p.php?pid=nmona&cb=1262958821&article=41001304&symbol=L^BLKA
This may be of some help I know nothing about this company but good luck.it may be a little out of date. the only up to date info was dated 22/12 at General Agm meeting all resolutions passed. http://www.advfn.com/p.php?pid=nmona&cb=1262958038&article=40319778&symbol=L^TEX
Well done good information lets hope she heads north for a cahange.
A little more information http://www.advfn.com/p.php?pid=nmona&cb=1262799448&article=40967661&symbol=L^PCX
Could well go to 30+ or more at least with a cash injection it will be a lot more stable GLA
This may explain the erratic movement http://www.advfn.com/p.php?pid=nmona&cb=1262719811&article=40967042&symbol=L^PCX
(The "Company") UPDATE ON FINANCIAL POSITION RESTORATION TO TRADING Catalytic Solutions, Inc. (AIM: CTS and CTSU), the Company behind Mixed Phase Catalyst (MPC ) technology, announces the following: * Sale of Intellectual Property to joint venture partner TKK for $4.0 million * Agreement on terms of forbearance with secured lender TKK transaction The Board of Directors is pleased to announce that it has reached an agreement with Tanaka Kikinzoku Kogyo Kabushiki Kaisha ("TKK"), its joint venture partner in Asia Pacific, to sell the IP rights to part of its three-way catalyst ("TWC") technology to TKK. Under the terms of the Purchase & Sale Agreement (the "Agreement"), which has been approved by the Boards of the Company and TKK, Catalytic Solutions will sell certain patents relating to TWC technology to TKK for use in the Asia Pacific region only. The Agreement accelerates the exercise of the acquisition rights of TKK under the terms of the TC Catalyst Incorporated ("TCC") joint venture and requires that the respective equity ownership of TKK and Catalytic Solutions in the TCC joint venture changes to 95 per cent / 5 per cent in order to reflect the change in contributor of the TWC technology to the joint venture. The Agreement also provides Catalytic Solutions with a right of first refusal to reacquire the patents in the event that TKK chooses to dispose of them. Under the Agreement, the Company will receive total cash consideration of $4.0 million which is expected to be received in two tranches in December 2009 and the first quarter of 2010, respectively. Catalytic Solutions will continue to own rights to the utilization of the TWC technology in the remainder of the world, including the United States. In addition, TKK has agreed that it will not compete with the joint venture that it enjoys with the Company in the Asia Pacific region for the duration of the TCC joint venture, which has a minimum duration of 10 years. Forbearance agreement with Fifth Third Bank Further to the Company's announcement of 27 November 2009, the Company and Fifth Third Bank have agreed to the terms under which Fifth Third Bank will extend forbearance until 31 January 2010 on the Company's outstanding debt obligations owed to it. The key terms include the repayment of approximately $900,000 to the bank by 31 December 2009, an increase in the interest rate payable by 100 basis points beginning 1 December 2009 and an additional 50 basis points beginning 1 January 2010. Other terms are customary for forbearance agreements of this nature. In addition, the bank has renewed the revolving facility through the term of forbearance. The facility was due for renewal on 31 December 2009. The proceeds from the TKK transaction will be used in part to repay to Fifth Third Bank those amounts agreed
Update on Financial Position TIDMCTS TIDMCTS TIDMCTSU RNS Number : 1958D Catalytic Solutions, Inc. 27 November 2009 ? This announcement and the information contained herein is restricted and is not for publication, release or distribution in whole or in part in, or into, the United States of America, Canada, Australia, The Republic of Ireland, Japan or South Africa. For Immediate Release27 November 2009 Catalytic Solutions, Inc. ("The Company") Update on Financial Position Catalytic Solutions, Inc. (AIM: CTS and CTSU), the Company behind Mixed Phase Catalyst technology, announces that Fifth Third Bank, its secured lender, has agreed in principle to extend forbearance until 31 January 2010 on the Company's outstanding debt obligations owed to it. Terms are currently being finalised and a further update will be provided in due course. As of 27 November 2009, the Company remains in default on the loan payable to Fifth Third Bank due to its failure to achieve two of the covenants under the bank loan agreement, further details of which are set out in the Company's interim results announcement of 9 November 2009. The Company's shares, which were suspended from trading on 30 September 2009, will remain suspended from trading while the Company works to resolve its liquidity issues. The Company remains in discussions with a view to the provision of short-term finance while it seeks longer-term solutions to its liquidity situation through discussions with additional parties. While the board is working towards a successful conclusion to these discussions, there can be no guarantee of success. For further details please contact: Catalytic Solutions Inc. +1 805 639 9463 Charlie Call, Chief Executive Officer Steve Golden, Chief Technical Officer Nikhil Mehta, Chief Financial Officer Canaccord Adams 020 7050 6500 Guy Blakeney Bhavesh Patel Buchanan Communications 020 7466 5000 Charles Ryland Ben Wiley About Catalytic Solutions, Inc. Catalytic Solutions, Inc. is a global manufacturer and distributor of emissions control systems and products, focused in the heavy-duty diesel and light-duty vehicle markets. The Company's emissions control systems and products are designed to deliver high value to our customers while benefiting the global environment through air quality improvement, sustainability and energy efficiency. Catalytic Solutions, Inc. is listed on AIM of the London Stock Exchange (AIM: CTS and CTSU) and currently has operations in the USA, Canada, France, Japan and Sweden as well as an Asian joint venture. The material set forth herein is for informational purposes only and is not intended, and should not be construed, as an offer of securities for sale into the United States or any other jurisdiction. The securities of the
http://www.advfn.com/p.php?pid=news&symbol=L^CTSU&cb=1261383100
http://www.advfn.com/p.php?pid=nmona&cb=1260172449&article=40656188&symbol=L^WICH
http://www.advfn.com/p.php?pid=nmona&cb=1259849750&article=40620192&symbol=L^WFCA
Look on the brite side that will save you 1p a week for the next six years
At least they have faith http://www.advfn.com/p.php?pid=nmona&cb=1259222920&article=40521900&symbol=L^GBG
http://www.advfn.com/p.php?pid=nmona&cb=1259221392&article=40521821&symbol=L^LKI
I think that if they de list you will not necessary lose your money although the shares will be harder to trade.The company MAY set up a dealer that will find a buyer for a seller and vies versa, de listing will save the company money as they will not have to pay to stay in the market. Sorry unable to help much more GL
Please note statement from KURA http://www.advfn.com/p.php?pid=nmona&cb=1258039099&article=40319713&symbol=L^KURA
Yes 1 to 100 on the day of consolidation if the price is 1.5p on that
Firstly please don't spend on shares that have solely a lot of trading in high volume as you can get burnt as with any share.After consolidation this could go like mec it dropped quite a bit were the price prior to consolidation I think was about 1.5p it did trade at about 0.79 of the pre consolidation price I think, but it did come good in the end there was a lot of heart ache along the way and quite a few lost money.you cannot beat research and don't listen to the ramping as some can spin some great stories of how well a company are doing