Member Info for CarpeDiem1

Seems to have gone flat...must be the CO2 shortage

No uplift for the SGI share price and still one or two trades a day.
Interest in this share is mediocre at best.
I predict a poor response to the BG fractional ownership too.

Not quite Pearls, it is going to hold 31% of Phoenix SG Ltd which holds 58% of SGI.
In other words, it is investing in the debt and supply of stock including the BG Magenta loan. It is a strategy which will earn Castlenau interest payments.
I suppose it is a thumbs up for SGI being able to continue to make loan repayments, but I am doubtful they see SGI as anything other than a cash cow.

I have no idea what you boys are talking about.....

Pearls seems to be living in an optimistic parallel universe..... SGI's own Chairman called the annual results 'less bad'....but Pearl's optimism abounds. The data shows a loss making company, in negative net asset value, proped up by a company making money on the debt and earning other money by supplying stock...
The share price has been at 3p ish for 3 years and I'm not invested here.. (but I do own some ARB!)

Can SG convince a hundred thousand collectors they want to own a tiny piece of philatelic history for £100 and in reality forget about the money? The collectors will get very little back. Its not an investment although it may be marketed as such. We know SG has not got a good record when it comes to investments.
I honestly can't see thousands of collectors taking up this offer. Maybe if it were the Crown Jewels, possibly. But rather like having a Star named after you, or owning a piece of the moon, its fun only, and a shame this unique item is now an object of ridicule.

Showpiece Technologies Ltd is a Phoenix vehicle set up in August 2021, with three Directors, one of whom is Graham Shircore.

There is a considerable danger of investors losing their money here. The debt is being sliced and diced. The sale of the fractions of the BG stamp are not going well in my view. Most collectors I know would rather but a penny black than own a few fibres of a piece of a tatty scrap. The whole process demeans the rarity of the stamp. SGI is on a fools errand and it is a great shame.

I see from the Showpiece website the number of fractions is 100,000 at £100 each. Clearly there was not that much interest at £800.

I doubt the collectors will be queuing up the Strand for these. It also says it will be possible to sell your fraction. May as well wait and see what price the market gives to a fraction. At a tenner I might buy one!

I don't really understand why VW are vacillating, but it is now apparent why EMH have slowed down.
What about the other parties interested in offtakes? Didn't Keith say there were multiple interested parties? The Czech govt and Cez need to get on top of this or be left behind in the dash for lithium.

Its a waiting game now, but time is pressing for VW. Tesla and BMW stealing a march on them. EMH will continue its test drilling and report programme and shareholders will have to sit tight. Big news is coming the only question is when. I think it is weeks, not years away.

Devon is right on the money, debt being offloaded as part of Phoenix exit strategy. Amazes me why anyone would want to buy the debt, but that's the city shenanigans for you.

The BG Magenta....company is very quiet. My feeling is the NFT or group ownership idea will be quietly dropped and they will add it to their stock at an inflated price. I suppose someone will buy it eventually.

How was Stampex, Pearls?
I didn't go myself but hear it was fairly quiet, a lot of overseas dealers and clients absent as you might expect.
Not a grand return to face to face dealing.

When they start parcelling up the debt, you know it's bad!

Getting too complicated now, it is all about who owns the debt. SGI is the debtor and service companies lining up to supply not too cheap credit. A terminal prospect here and nothing for shareholders in the end.

Not looking too promising today is it...maybe all will change on wednesday....or maybe some folks are getting out with something rather than nothing!

"Yet in doing this, Phoenix are destroying the equity value and let's face it, a rescue rights issue is not going to be possible from general shareholders."

Sadly there is no longer any value to the equity any more. I know the nominal sp is 2.5p but the reality is this an involvent company held together by debt as preiously mentioned. There may be an instance when the share price goes to 4p, but it could equally fall to 1p. It is extremely high risk to be a holder here and the reason no directors have bought in.

The future of SG lies with Phoenix whose support is not ad infinitum.

I don't think much of the NFT's and I can't find any of my philatelic friends with a good word to say about them. Another costly cul-de-sac for SG.

From what I am hearing the NFT BG share scheme is adding up to being a disaster. SGI is a simple buying/selling company and somehow a succession of utter tankers have failed to get to grips with this and continually dream up novel schemes, shop refurbs, and who knows what.
Its a £10-£15 million turnover company and could be run by 20-30 staff, plus outsourcing to marketing companies.

Oh well, the very slow motion car crash continues.......

"the Directors are hopeful that on conclusion of this process some of the assets will be distributed to Group companies."

Likelihood of this is zero.......

I still don't get why anyone would buy a one ten thousandth of a stamp for 800 quid. Surely shareholders in SGI 'own' it anyway. All one has to do is buy a 2p share in SGI to become a fractional owner. Or have I got this wrong?