Member Info for cashking

Is this company on numerous times has raised money through placings . Only to give the money out as loans to directors and deals which turn out to be dodgy . With none of them giving any hard cash back to the company . I very much doubt shareholders would have subscribed to placings ,if they'd known part of the money was getting dished out in the above mentioned way. Now the new chap comes along and starts dishing out loans again . IMO surely they know we are. Not a bank for bad loans ( maybe the company should apply for a banking license first before they are let loose we shareholders hard earned cash.) oil ,bank ,and now Big sofa ,who needs the new world bank.

And more importantly how much cash are they going to ask New shareholders for ? For the luxury of owning only 45% of the company .Big Sofa troops take the Lions share 55% The company had approx $3.2 million dollars left on 31/3/16 2 months on , 2 months more salaries , business costs ,Deal costs ,lawyers costs etc £500,000 loaned out ,pound getting stronger against the dollar . AGMs , EGMs , Letters to all shareholders ,inviting them to take part in the possible fundraise. All takes time . The downside ( what happens if the deal doesn't go through ) ? Another legal battle maybe to recoup the £500,000 ? If the deal does go through, ile be very interested to see how much the deal makers skim from the pot.

Yep very quiet ,I'm getting bored with lack of news/ contracts ,some major investors not declaring their positions by RNS etc etc ,time to take a back seat .

Really ? Strange no RNS ! http://www.lse.co.uk/share-regulatory-news.asp?shareprice=NEW&ArticleCode=h0hzgkyk&ArticleHeadline=Holdings_in_Company

I thought they'd disbanded ? How can you be a member ?

Is that inside info you have ?

Strange !

Theres even more dilution on the way . Access to capital markets ! New world shareholders will own only 45% ?

Year end results . Which wont be great imo Im looking for a bullish forward looking statement on the progression of the outsourcing empire they are building. Hopefully another aquisition before the results would be good. Gl tick tock

Plenty of room for expansion ! http://www.premierphysicalhealthcare.co.uk/nhs-patients/nhs-clinic-locator/

Re Bob Holts interview . It looks like Totally are building a portfolio of NHS outsourcing companies ,the next couple of Aquisitions will be profit making . IMO Our first Aquisition of Premier Physical Therapy was a very good fit to the master plan. I believe the plan is to be able to offer CCGs a substantial suite of services .( it's all about keeping people out of hospital) Which once built through Aquisition ,IMO Totally could turn out to be a bit of a powerhouse . 1) Totally Health ( Clinical Health Coaching ) 2) Premier Physical ( physical therapy ) 3) ? 4)? 5) ? 6)? Etc Gl tick tock

It looks like Aquisitions are very much on the cards , they are very happy with the recent Aquisition , it's all about getting the first 3 right and building from there ( plenty of opportunities out there in the uk ) which is where they are focused . Bobs very swittched on and knows how to build the Buisiness going forward . Totally are in a better position than Mears were when they started out .. Bobs disappointed that there isn't ANY competition in our market place . The team are very focused and enthusiastic about what they are striving to achieve . All in all very positive ,And well worth a listen .. Watch This Space For The Next Aquisition gl tick tock

It will be interesting to watch live ,the link was posted by sayitlikeitis . Of note there was a couple of decent buys yesterday and a rollover .gl tick tock

Going to be repaid ? If Sofa need funds immediately ,it doesn't sound like they are financially strong .It would be good to see some financials from Sofa . I

Just looked at this bit . As a precursor to the Acquisition, the Company has also agreed to provide Big Sofa with a short-term loan of up to £500,000 for working capital purposes.  This loan will be drawn down in two tranches, with £250,000 being drawn immediately.   The loan will pay a coupon of 6 per cent., is secured by way of debenture and is fully repayable on 19 October 2016 in the event that the Acquisition does not proceed.  It is also envisaged that the Group will seek to raise additional funds from both existing shareholders and new investors to finance the development of the Group going forward. I can't believe they are only charging 6% ,When the funds were raised in the placing (£3.5 million gross - £2.8million net to the company ) = 20% ish Unbelievable !

Just to make sure I've got it right . Will there be circa 10 Billion shares in issue .? 55% to Sofa and 45% to Existing New shareholders . As Sofa shareholders will hold the majority of the shares. Does this mean there will be a re jig of management ? Will there be a name change of the enlarged company or will they trade in tandem under the 2 company's . Obviously extra funding is required , How many more Billion shares do people envisage ,or is it more likely there will be a consolidation ?

Yoshie , I can't believe the management think its prudent to use share holder money Again ,as if it's a piggy bank ! Especially when there's the risk of the deal collapsing . Do you ?

That made me smile lol

Of £250,000 being drawn immediately ? What does that say to you ,I know what it says to me .mmmmmmm

If you hadn't noticed its suspended , everyone trapped at present ,the big question is for how long ? Another question is how much are they going to ask shareholders to stump up ? And at what price ? Any ideas ?