Member Info for CJohnSpain

Do you know how much they charge for the app?

A (partial) sale of Magazinos would also be positive.

So Readly is a competitor to Magazinos.

They've floated, so we're going to float too.

Still, in spite of the unfortunate way the RNS is worded, it's a bit of positive news:

Magazinos is going to list; they say they're making a profit. (Have to be a pretty big one to justify the price CRV paid for its share in the company.)

So the second of the Swede companies to list.

In reality, Craven Industrial has always been tardy in updating, even before de-listing.

I've searched for news more widely, but found nothing. Therefore have assumed that nothing worth writing home about has happened. That is an OK reason for not updating.

I believe it makes good business sense for the company to keep shareholders informed; there certainly does need to be better information about the share-dealing mechanism, which is currently completely non-transparent.

I wonder again if anybody would be interested in putting themselves forward as a non-exec? The directors could benefit from a new perspective, to help with this sort of issue.

There is no guidance I'm aware of.

There is also no update on what's happening at Craven Industrial.

The website's last news entry was in June.

This is obviously a very unsatisfactory situation, as Craven Industrial is a public company -though it has no quotation.

DLC current value 0.16 Canadian $

The fact that Gyllenhammer is now also involved with LMFA is a real positive for that company.

He must know something that isn't immediately apparent from the public documents available.

Thanks, Steve, for the information. I appreciate it.

Personally, I'd also like to know how and where we follow the "market" in CIH.

A note to my post below: a listing only makes sense, if the money raised is invested in a viable business.

The sub-sector Rosedog is projecting to work in is horrendously competitive with corresponding wafer thin or non-existent margins.

Thanks very much, Karina, for drawing attention to this.

The listing will be on the Oslo Börs Merkur list, which is a junior market, with less regulatory requirements and costs than the the main Oslo Börs.

Ocean Skin is a subsidiary of Rosedog. It's only product, currently, is a very-high quality collagen- based product for skin rejuvenation.

As with Rosedog's other high-quality products - fish oils - they are entering a saturated market with intense competition. It makes sense to differentiate themselves through quality.

The listing is a positive step forward.

Still no news I'm aware of from Craven Industrial Holdings.

Hi Slalom,

I well understand your decision to sell out. The board don't inspire confidence at all and the option award was disgraceful.

I'll e-mail you shortly re the action group. Thank you for your efforts in pushing that forward.

I remain a holder as I believe the investment case is not weakened by TA's increasing stake. And we already knew the board were hopeless and self-interested.

I see 2p + net assets per share, though difficult to see how value will be realised and with a serious risk that the board blow it on some daft decision. (This less likely with TA's man ont eh board.)

CRV wasn't the only participant in LMFA's Nov 18 fund raising, selling shares and attached warrants.

So it might not be CRV converting the warrants.

- volume yesterday: 27m

- average daily volume over a million. (Around 900k before the last two days pushed up the daily average.)

All these volume figures are hard to explain in a company with only 3.8m shares.

Volume of 57m + when it only has 3.8m shares!

I can only imagine that there was a large volume of very high frequency trades.

But as you say, Tully, this has not happened before with LMFA and still no obvious reason for it.

(PS I checked the volume with three different information providers. All agree volume was 57m +.)

My guess is that Hanfor have done something, but have searched in vain.

Up over $3 per share now!

Now up over $2.50 per share on the day.

CRV holds 818,675 shares: so the rise is worth north of $2m to CRV!

Must be news pending.

Currently up 160% on the day.

No news announced.

Hi Tully, Grawostac and others,

Yes, Mark Pajak would have to agree, of course. But I believe it's in the interests of the two companies and therefore his.

As myself and Tully have commented before, it seems some of the problems at CRV arise from one man having to do too much. Tully has made the excellent point that this is compounded by the far flung geography of the assets Craven Industrial holds.

I also think it would really help the principal director to have an independent voice giving a different perspective and asking difficult questions about developments.

Let's take the Scandinavian websites. Dividing the company into two is actually a surprising and potentially brilliant move. I can really appreciate the strategic imagination behind that. But that vision is going to be undermined, if CRV proves to have paid too much for the web businesses. This is where a non-exec would come in useful: just to say to the board, the price you are going to pay is too high upfront. Structure the deal differently: pay one third now and the rest depends on hitting milestones of performance. Then if the milestones are fulfilled, the deal is proven. If they are not, there's less downside.

PS Yes, I remember you are in poor health, Tully. All the best with that. I know from personal experience from when I was much younger how trying it is to deal with chronic health problems.

Hi Tully and others,

There are around a dozen regular or irregular posters on this board.

Is there anyone amongst us who'd be prepared to put themselves forward as a non-exec representing minority shareholders?

It would help, if you also had some ability to contribute in other ways to the two businesses. (But you don't need huge amounts of business experience, per se. Much learning happens on the job.)

I believe it would be of huge benefit to the two companies and to the minority shareholders to have such a non-exec on board.

Having a company listed on an exchange implies restriction on what it can do: these have hampered developments at CRV. But it also imposes disciplines of accountability and transparency, which can improve company performance. I believe an independent non-exec can keep an eye on this sort of issue as well as providing a wider perspective.

If I didn't live in Spain, I'd offer myself, but there are plenty of others on here who could do the job.

(PS Hi Tully, CIH is still a public company, but it's non-listed as you know.)