Member Info for Boffster

I don't think there's anything suspicious going on with these fluctuations in Peel Hunt's holding, its just what would normally be expected from a market maker in their normal course of business. Why they have a large shareholding, though, still is a bit of a mystery. Remember that a market maker can hold up to 10% without having to declare, so in most cases, fluctuations of a couple of percent holdings by market makers is not reported.

I was going to give you an update but realised that doing so would be a pointless exercise.

All idps products seems snake oily to me. There's nothing innova about them really. They have no miracle cures

I would hope there's some money in this Manchester jobbie for Prox, since they're using 'our location data'. Probably ain't very much though!

For me it's the principle as much as anything. Here is a man who has massively failed the shareholders but continues to live the high life at our expense, on top of that he now has a job with the nhs so isn't even 100% dedicated. Needs to go to give the company a clean slate

I appreciate committing your holding to an egm is probably more hassle than it's worth for the smaller holders, but once the egm is called please make sure you're able to vote your shares, every little helps !

I do not believe that a CEO / CFO being ousted is grounds for suspending a share from trading. When the EGM is formally requested, I would expect the non-execs to line up replacement(s) in the event that the resolution is passed

From the ASA:- "We also told them not to state or imply that their product as a whole was natural" Burningspear, I'll take that. Been called a lot worse!!

Wheeler, you might be best to put it in an email. Have you got the email from me? If not I've put what to ask for on the forum I created. If the EGM is successful I see us heading to the pub!! :-)

I don't see it. If Skinny Tan can no longer say that it is natural, or that it reduces cellulite, then what has it got that other tanners haven't? Not much as far as I can see. I don't consider the other products to be any more than niche offerings. Cosmetics is a tough business with a lot of big players with deep pockets. For a company trading on such a lofty earnings multiple, I'd want a bit more fireworks than 'in line with expectations'

Good, although still of course looking to add new holders to the cause, particularly those with a large investment. One slight hurdle to overcome is having to get letters of representation if shares are held in a nominee account (or of course transfer the holding into your own name) but this is being dealt with. It is clear to me that the company has no intention of changing the status quo. I am hopeful of being able to officially call for the EGM by next week

The company's recent statements have not contained the positivity of earlier ones, there has been a discounted placing, and now we have this which I consider to be a bit of a bombshell as it is getting rid of Skinny Tan's USP. There have been good times to buy this share but I personally feel that now is not one of those times, Skinny Tan has had its moment in the sun, in my opinion (pun intended!)

Just had another look at the 2016 Annual Report, Kennedy got a bonus of �20k in 2016 and one of �60k in 2015? What was the performance criteria, bankrupt the shareholders? Does the remuneration committee need sacking as well?

Its not as simple as that. Peel are on the bid at 0.024. So anyone selling on the market, its probably peel buying it.

100% agree about slade. Company financial reserves are insufficent for carrying dead wood however. Please email me at prox_shareholders@mail.com and we'll discuss strategy

Bottompicker, are you serious about doubling up? The thought occurs that if so we could call the EGM just between the two of us

There is far too much shareholder apathy on the markets in general. There's too many old boy's clubs, too many rewards for failure. Its time for shareholders to start kicking up a stink, not just here but in other under performing companies too. Its no good remonstrating after a company has gone bust. My view is simple - this is the last chance saloon for Proxama. Unless there are clear signs that the location data business is succeeding, then there will be no more funding and I think it very unlikely that anyone would lend to them. The limited funds raised in August thus need to go as far as possible and there is no room for overpaid fat-cats who have already failed the shareholders multiple times.

Takes shareholders money and sticks it in his pocket. Serious answer!!

I have today requested an EGM. I have already had a reply back from the chairman who says that one or two hoops need to be jumped over (as I expected) This is basically mean most shareholders having to speak to their broker and then put pen to paper supporting the EGM. Not a big deal but please contact me to confirm your shareholding & support if you havent done so already, prox_shareholders@mail.com

Market cap now at approximate level of cash balance, valuing the company itself at pretty much sod all. Just shows how little confidence the market has