Member Info for Desertsands

Morning everyone …..

Lack of coms - last time HE1 posted on X after the cash raise, they received a pretty immediate and thorough drubbing ( deservedly so)….. do we think they may have taken that on board and are now being a tad more circumspect and are reading the mood ? They cannot be blind and deaf to sentiment as it’s pretty much universally negative. (Whether or not they care beyond their own future prospects is another matter )

Just wondering if a court of law would allow the IAG DEFENCE…..

I’m sorry Your Honour but I am an IAG shareholder and having checked the sp I came over all unnecessary and the red mist took hold…..

Fordm I completely empathise…… no amount of hoses or bullets is enough….

Hi everyone

Stockopedia has this ranked as a sucker stock…..

Never owned one of those before - not something I was aspiring to hold!

Bit grim this lack of official comms …. Onwards (& upwards) we go

GoCPI…..Quick question…..why do you say Aimless is a ‘she’ ?

Whether holding for clients or themselves, Invesco have just dumped a tad under 6% as per RNS after hours from 9.73 % to3.75%

New year portfolio housekeeping we hope rather than a precursor to something malign.

Anyhoooo. …. I hope you all had a good Christmas and all the best for 2024.!

Good morning…..

I really thought we’d seen the last of the big swings - I did not expect this level again within a day or two of trading. Volatility will always be there but this seems overdone…… they can’t miss on their next update, surely? I know they have repeatedly come in under where they say they will be but that can’t continue ad infinitum.

Shareholders have been very patient here and jam tomorrow isn’t always going to be enough. So frustrating……

Good morning everyone

This is a better start than I was expecting. The numbers lack heft but there is progress and momentum. Now all new clients are being signed up to the subscription model, there is hopefully a floor under declared ARR.

I like ……..

Gordonbennett1 “ Do you really think if they had walked away they would repeatably tell Mast who RNS potential dates for payment?”

And you know it’s Proventure who have repeatedly given dates because????? Because Mast have said so? Proventure haven’t even acknowledged they are part of this agreement….. the only voice here is Mast. I believe there is obfuscation with the name Proventure as the JV is supposedly with Proventure HoldingsUK Ltd who have the princely sum of £100 in share capital and no trading accounts.

I’m saying look to Mast here…..what can’t speak can’t lie and Proventure hasn’t said a dickey bird…..

Not being funny but Seriously Wimbledon….. that’s your take away ?

Cantor released the RNS - what they are holding has reduced whether it is on behalf of clients or not. Are we all being pedantic now?

12% down……. Not the way I thought THG would end the day.

So frustrating - and probably unnecessary. Seems someone is still forgetting their responsibility to their shareholders …… I do believe it is undervalued and I do believe it could come good in time but after years of disbelief and disappointment, I now ask if it’s actually worth the frustration…. I’m sure my headspace would thank me for bailing.

sono***un “ have they even signed the definitive agreements let alone pay what they owe.”

thing is, they don’t/won’t owe anything until signatures are actually on the agreements……. .. everyone is knocking proventure but maybe they walked away after doing their own due diligence - who knows. certainly the shareholders don’t….

i think if the agreements had been signed it would have been rns’d as mast already stated the the jv was contingent on the requisite signatures. there is a deafening silence from any/all proventure named companies and that is extraordinary. they have literally said absolutely nothing yet they showcase their agreements with other countries on their website. no mention of mast or the uk whatsoever.

i come back to the new advanced third party discussions mast highlighted in their rns when the funds did not materialise in november …..seems those discussions came to nothing as there has been no further mention of them. and if the jv with proventure was a done deal, why would mast be entering into further advanced discussions to replace proventure?

it’s all just so wrong on every level imaginable. and it didn’t need to be this way…

Cantor have just sold down their holding from 7.4% to 6.89%

Joe80 -

Thanks for the technical info…… it can be overwhelming unless it is broken down into bite sized pieces that are easy to understand.

Hope everyone enjoyed the festive season - Christmas seems a long time ago now. First thing my portfolio was more or less a sea of blue…..now it’s more or less a sea of red. Hey ho…..

Hopefully it’ll be a better year than 2023….. all the best everyone.

Cando66 - “ I could send a pigeon with £1 a time faster than these can do a transfer and get this JV sorted”

Now that did make me laugh - the choice of words is spot on but sadly it’s not a funny situation. This morning’s RNS is not the one you were hoping for but when you think about it, it is the same one you have been receiving for the last few months… …

Look to Mast…… this is on them. And just because it’s a holiday doesn’t mean communication is impossible. The RNS this morning was insulting to shareholders.

Https://www.telegraph.co.uk/business/2023/12/31/city-am-rescue-matt-moulding-hut-group-thg/

Everyone is so focused on Proventure being the bete noire here but I’m not sure Proventure - in any of its names/forms - could or will actually care less! They don’t seem to be involved in any way here. …… Not one notification, article, media interview, write up in any business rag/mag/ website - not even their own website…… is anyone aware of Proventure having anything to say on this JV at all? I’ve trawled every feed I can from mainstream to socials and I can’t find a single thing from them on this, either reported by them or covered by anyone else. …. be good if anyone has anything supporting their participation that can be posted here. And that to me speaks volumes.

Think it’s Mast that need to come clean with their shareholders about what is happening here because even the most stalwart supporters are right to feel aggrieved. Trust is eroding……

Signing off until Tuesday - enjoy the weekend and all the very best for 2024 to each and every one of you.

Yes DAVID.M but now it is RNS’d that signatures are required it’s a de facto precursor to any funds being paid. This is also from the RNS dated 23/10

“The JVA referred to above also commits both parties, as set out in MED's announcement dated 12 July 2023, to promptly finalise terms on a second joint venture. As such, notwithstanding the extension of completion of the first JVA as referred to above, the parties will endeavour to finalise terms for the second JV promptly.”

Finalised terms mentioned twice at the end. Most people only read up to the £2m then £3.9m figures and thought it was a done deal. Signatures required has become part of the terms that were. The RNS’s need to be read and digested in full. Mast are not the most transparent communicators, as you have seen.

I see from your earlier posts that you have perhaps been taken by surprise by the “shenanigans” here as you say this is now a long term hold for you. I wish you all the best with your holding.

Ornamental - They have made it clear that signatures are required…… without signatures there is no binding, enforceable agreement and therefore no money.

They also stated they were in advanced discussions with yet another 3rd party after funds failed to materialise from Proventure ( again, no signature no funds) so I think they have bought themselves time to kick the can even further down the road….. any company acting professionally would have called a halt to this nonsense in November …..

DAVID.M - the third option is one that you have overlooked. The payment of funds for the JV is - and I quote directly from the RNS 11/12/2023 “……subject to signature of definitive agreements…”

I would suggest that as the money was announced as being due in the first instance on 10/11 and is yet to be received, and further, that subsequent new due dates have come and gone, that any further dates are irrelevant as no such signatures are in place therefore the agreement is not binding as it has not been signed.

All the information any shareholder needs is in the RNS’s….. the fact there have been so many that simply lack clarity or definition let alone completion, speaks volumes. Mast’s behaviour isn’t usual….. they are literally kicking the sp down the road. Everyone is blaming Proventure but as per my earlier post on 07/12…

“ Proventure Group - only head office has a phone number. No email address on the website.

H.NO : 304B, Road No - 78, Prashasan Nagar, Jubilee Hills, Hyderabad - 500033

Telephone # 91 40 23553357. I called then on 16th Nov….. but you guys/gals would probably want to reassure yourselves so why don’t you call?

As to speak to Investor relations …except they don’t have an IR dept.

Ask to speak to someone who is dealing with the JV with Mast in the UK…….they have no idea what JV and no idea of Mast.

Ask to speak to the finance dept who would know if they are pumping out millions of £ and they have no idea either. And they didn’t say they couldn’t discuss it - they genuinely had no clue.

Proventure Holdings UK did not release an RNS to confirm the JV…..that is highly unusual - more unheard of……”

Mast has a lot to answer for here. The “he told me he would pay” defence holds no water here.

Cando66 - I feel for you…. You have been a staunch and loyal believer.

Obfuscation with the company names has played into this.

Hello again Fordm - hope you had a good Christmas! Seems like so long ago now …..

Bullets and sand filled rubber hoses aside, it would seem the markets & investors have not only fallen out of love with IAG but have divorced the company from any semblance of a realistic sp. It’s a bit like that wayward child that always promises to do better tomorrow……it’s hope that’ll do for us all in the end.

Anyhoooo….. sincerely wishing everyone all the very best and a very happy 2024. See you all on the other side, God willing.

TTFN