George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Troa, posted on Adfvn this morning the following; 'I emailed TB yesterday TB & received this message. The Company's shares are temporarily suspended on the London Stock Exchsnge & the company has stopped trading. We expect an Administrator to be appointed by INL Investments Ltd to seek to sell assets to allow INL loan to be repaid.
We will update shareholders as soon as possible.'
One wonders whether they have enough assets to cover the loan?
They had been in discussions with a range of potential sources of finance in the U.K, N.Z, Asia & the US over the last few months, which effectively ended with the Redemption Notice demanding immediate repayment.
An update will be forthcoming as the situation becomes clearer, particularly as regards the future intentions of INL Investments.
Temporary Suspension
Https://www.londonstockexchange.com/news-article/EISB/funding-update-issue-of-ps2-2m-convertible-loan/16042661
Appeared Funding Update RNS of 17 July 2023, approved at The General Meeting of 4 August 2023. Annual 10% interest payable. There's mention in link ofcourse of appointment of a Director to East Imperial's board
What a crazy, very unfortunate 'pickle' we're in; to put it mildly!?! Suspension come Monday looks a dead cert I'd say, whilst shennighams & desperate efforts are made to solve this mess, in the hope to come up with a solution & continue trading in the future.
TB to come out fighting, two falls, a knockout or
a submission to decide the winner. Apologies, but the weather's finally nice & some levity needed to compensate the situation!
Who knows, clutching at straws maybe but could the Chinese INL & last fundraisers Galaxy etc come to a compromise, negotiation, the former be paid off partly, & go to own the Asia 'arm' of East Imperial. And maybe even some future fortunes( % ?) of the USA to compensate if ever that becomes very successful.
And the further raise by way of existing " large shsreholders"
I've listened to that interview by TB a month or so ago & his actual words are, as previous posters have suggested are " A major group of shareholders that remain very supportive, large shareholders, their preference as is ours, to further to continue to explore...." 4mins in on interview & later " great strategic partner in China there now starting making some headway with Galaxy Entertainment in Macau..." etc
Could
Looks to me like some ' mate rate ' transfer of shares. One would not be able to sell roughly 4 mill of shares at 0.50p. And there's a number of those, with a couple listed as cancelled I believe but not too clear. One suspects news may be imminent. BWTFDIK!!!
Roger65, get your basics right atleast!?! You can't have been invested here four years, it hasn't been listed, even three years! Doh..lol!!! June 2021 it became East Imperial.
https://markets.ft.com/data/announce/detail?dockey=1323-15039473-0LM6RM24ED199E47IUI4Q231FO
Rather think some of recent & today sells are end-of-tax-year selling.
Nice 20k purchase there on the dip.
Good news will come; keeping the faith!
Collaboration with Flexjet. 270 + aircraft globally & our mixers will be served at their US terminals.
High-end exclusive private aircraft group.
Excellent comprehensive reviews of East Imperial mixers from USA today website, five days ago
https://ftw.usatoday.com/lists/mixer-review-east-imperial-tonic-ginger-beer-soda-grapefruit-gin
I've also purchased a few more today; added to my recent purchase too.
MM's looking like they are ' playing' with this, spread's not attractive too but capable of moving north fast on minimal buying. Hopefully a positive update, contract in the not too distant.
Apologies, I meant 3.066p ofcourse, not 3.60p. Hopefully the latter soon!
All buys today except last one at 3.6p as quoted to buy was 3.44p at similar time.
Looking perkier on buying front.
Could do with an update & positive news to get things moving here & much greater interest though.
I might prove wrong but Tony may have given the game away when he said in the Interview ' they have very supportive shareholders' From past experience when I spoke to a CEO, many years ago, needing funding( Matra Petroleum, about 2006) they said the same, a few weeks later, up stumped the essential further funding, from their biggest shareholder)
We'll see!
If you ever did buy/ hold recently roger65, I guess you've sold( although there's barely been any significant trades recently) so I assume you can re- join the band of " knockers" .
Sad!!!
Roger65, Full Year Results due next month should enlighten.
Hi m007j, I've said plenty in the past & mentioned very recently due to ridiculous comments by certain posters with I believe an agenda , I've said I won't be choosing to post that often.
However, I said a number of days ago in relation to the directors interview( posted on X) that the U.S Commercial Director, came across as very enthusiastic, knowledgeable & the future looking promising, re the rapid expansion & uptake of venues in the U.S mentioned.
I've always seen this/ invested on a long-term basis I believe we're due a ongoing SP recovery now.
Obviously we are awaiting the funding news to take us to break- even, scheduled for later in the year
Best to go to jyee7, link on ADVFN, to listen to a fantastic interview, by our U S Commercial Director.
Very passionate, driven, knowledgeable & focused on getting our super premium message across & delivering into venues!
Directors talk . net 20th February
"the sales team optimistic about closing more deals in texas & nevada" etc etc. further to read in yesterday's *************, like i mentioned a couple of posts back.
https://*************.net/east-imperial-expands-luxury-beverage-presence-in-us-and-new-zealand
waiting on funding news ofcourse that'll come but
anyway, "pessimists need not apply"!!!