Member Info for Camkite

I don’t care.

G.Rees

I don’t care.

I know the risks.

Omg. We might loose t all.

Omg.

The same can be said for all the idiots on the advfn forum I got banned from...

I have no issues with a negative spin but make it worthwhile.

Give us a good argument... you guys are clearly smarter than the rest of us, g.Rees, We’ee happy to see the in-depth evidence.......

I didn’t bother reading. G.Rees you’re to boring you need to spice it up a bit, add some drama, give us something to be interested in rather than regurgitation of the same thing.

I’m all ears.

Convince us otherwise. Analyse the business, the accounts, give us a full run down of the accounts, give jus all hard evidence as to why this technology (big brother) is outdated.

Then I too will sell up.

Otherwise stop being so bloody boring!

Most enjoyable read.

Raising 70m is a darn side harder than raising 10m especially when it’s to cover debt on which you would default on otherwise. I don’t think that 70m would have been in any way plausible - oil prices and order book was also less then.

The order book and accounts are strong with the debt removed.

I would imagine the whole point of the negotiations is to make it more feasible and realistic than 70m £20m and renegotiated terms with perhaps options or alike @ 10p is plausible.

If the banks can see this is strong ... ebitda at 15m + I can’t see them favouring a default over their interest et al but ofc we’ll see.

Last week of feb this week. Not sure how many more times they will be able to roll over, once more perhaps.

4corners - how would it have been possible ? Pretty sure ceo said it looked unlikely to happen ? £70m is not easy to raise for any company least of all for one with par value at 10p abs shares trading below.

corners

"while rejecting and killing the previous proposal which didnt seem that bad."

Wasn't possible to raise the £70m needed tho eh.

Which is why IO don't think they are in a position to stitch us... & if we defaulted and the assets were firesold off by the banks, could they afford it ? Doesn't sound like it.

Sounds like they couldn't afford it even if they wanted too ?

Didn't they pull their original offer anyways ?

Fergusinv

Also comforted at the 10p par value.

The shareholders that voted down the original proposal and then got behind the second, I am sure will not agree to any kind of coup, perhaps they agreed to support on the basis of intentions, if those intentions changed I am sure they wouldn't be ready to support an unfavourable outcome.

How long to create a successful tech company?

"At least 4 years just to get pointed toward a real business, and it takes 7-10 years to make your startup truly the success that you had in mind when that idea came to you."

Yawn

If their motive is untoward (and I agree it could be) why rack up more interest & spend 3 months trying to negotiate... if they want it... let it default & pick it up on the cheap? Make a bid for 10p after owning enough of a % to get it through buying more shares at 6p ?

If they bought 50% of the company (much of which sub 10p ie: now 6/7p) they would end up with an average price of say 8/9p and only have to fork out for the shares they don't own and cover the debt.

If they let it default then they lose control as the banks will control the assets, said banks could find a bigger buyer so there is risk in there on that stance / motivation.

Publicly announce you are trying to act in the best interests of all shareholders ..! So far I don't think there is any reason to believe they are acting otherwise. Nothing points to that (as it stands) and you can justifiably think that the reason they made the original offer was not because they wanted it but to protect their interests.

They could have had it by now or at least got the ball rolling.

If motive was to................................ Why spend 3 months negotiating ?

G.Rees You win the prize for the most repetitive boring b*****d on the forums... that is a serious accomplishment, there are so many contenders.

As they come here.

Still have a pretty large boggling feeling AS is going to f**k this up as per usual.

Probably end up giving DA away for free lol.

Are the only places reporting this CBD news random online news outlets ? Nothing reported anywhere from either company...

£45k buy

Not punt money

I had a final top up myself this afternoon.

Good to see the dips as it moves up - creates a healthier rise.

AS - please don’t f**k this up!

"now if they really cared, they would have turned up?"

Well not nessacerily... if they are first to receive any proceeds and in control why would they turn up ?

"I know 99.9% scandinavions would never scam a soul."

It's business Fig & the very essence of a Trust is not built from honesty, its a tax dodge.

Fig I really hope you are right... more for everyone else than myself, some have some big bucks in here.

Are G3E's financial statements consolidated ?

The subsidiary’s have debt which is secured and the creditors have called in the debt and are in control of the assets & as such G3E might end up with nothing.

“There will be a surplus, a huge one.”

How can you come to that conclusion what we have no idea what the subsidiaries debt levels are or how much any assets will fetch ?

I appreciate that is a small glimmer of hope (5% cos maybe) but nothing that’s happening is pointing into this being a sure thing.

“ exercised their rights to appoint a Receiver and it remains highly uncertain as to what level, or when, proceeds will ultimately reach G3E.”

After all that G3E has to pay its debuts.

At the very bottom of the s**t kicking pile remains pi’s.

Best to write it off & be presently surprised if in the small chance we get our money back.