Member Info for Cgull

Hahaaaa. They have liabilities.

By reads OK do you mean that English is the first language of the person that wrote it? MrM is going to have a field day with the 50%+ increase in administration. Look at the directors takes! Shameful classic lifestyle company. The size of all the numbers with "other" in front is shocking. The Steelmin valuation being based on June numbers is ridiculous, even on a salvage basis. Like you say, there is a lot of detail missing and most of it obfuscated under "other" IMHO. See if you can find the phrase Elelphant Oil in that lot. Horrid numbers, unless you are a director of course.

How many Alba shares Bambos? The numbers relating to the current holding have been kept very close to the chest by the company. If they weren't already sold off that is.

The only way of paying anything off is by issuing shares. That is why there is always an option for restitution with shares in these loan agreements. That sort of option seems not to be part of a directors remuneration package though. Some will be worrying that their vaunted notional holding in the (un)profitable MET Coal will be greatly diminished very shortly. Dilution must be imminent IMHO.

The SP has had a sharp rerate. What has caused that?

"Was Barry the big beginning of August seller after all and not RGM?". Obviously not RGM IMO, otherwise Kaintz would not have got the gig. Like Bell, those directorships facilitated with RGM/RRR shareholders money are enhanced by the continuation of the holding. I vaguely remember the embarrassment of Bell trying to hang on to a place on a board after selling out. The "Candy Crush" saga unless I am mistaken.

Elephant Oil has a big red message on companies house. Yet another dysfunctional company considered a fantastic investment in the RRR/RGM dystopian world of shareholder return.

Looks to me more like somebody is trying to engineer the CLN's away notwithstanding "some" have agreed a rollover. If you were running a profitless lifestyle company what would you prefer? Confetti or lose some of the cash?

Obviously that should have been for the RRR board but never mind.

They are probably late filing the accounts because of the time it is taking to calculate the returns to shareholders. What a marvellous investment that was.

Rubbish.

Next accounts made up to 31 January 2018 due by 31 October 2018. Those profits will cover the Loan Notes. There will be profits and a return to shareholders will there not? DOH!

What a shock. NOT.

This has been hyped by the usuals with only one thing in mind. Deflection. Unfortunately for Bell and cohorts when the truth comes out the wheels threaten to fall off the Gravy Train as happened with Rosa. Is It not strange how posters here shed more light on the company than the company itself does? TDT seems to have nailed this one with a great post.

It can if it cannot be transported because it is carcinogenic before specialist treatment; for which there is no local plant.

Haha. And how much will shareholders see?

"he owns 8.85% of the share capital.". A cynic might suggest that he has paid for those with the money he has taken out of the loss making and ever-diluting company(ies) as a way to add them to the cross-holdings between RGM/RRR. Add to that the other directors holding and you can't vote them off the end of the gravy train platform. AB doesn't need to worry about the share price as he gets a massive dividend every month. All IMHO of course. There is no incentive for him not to continue being a failure for the shareholders. He can't be sacked.

Is it an accident that both RRR and RGM are not rewarding shareholders? Both companies have a myriad of failed loony investments where no due diligence seems to have been done. Both companies have the same management. Both companies pay ridiculous salaries for failure. Could these both be lifestyle companies perchance?

TW is fully aware but ignores it as Bell has a stand at TW's UK PumpAndDump show. I contacted TW a long while back and pointed out the hypocrisy. His reply was that Bell was his mate with the implication that there were other fish in the sea to fry. Bell had better pray he doesn't fall out with TW as there must be shedloads of ammo in TW's cupboard. You only have to look at his 49 rules for bargepoling a company. I would add a 50th which MrM alluded to. "Companies that use hearsay in their RNS rather than taking direct responsibility".

That'll bring home the bacon.