Member Info for dh42

In an attempt to get this chat back on topic after a brief foreign detour earlier today, how long should it normally take to find a new nomad (assuming someone is willing to take ptv as a client)? Why would a nomad take ptv as a new client? Just curious.

Not sure why there was so much french on here today. More appropriate might be the language spoken by the grim reaper (what language does he speak?) or some other dead language (latin?).

I guess (hope?) that it's taking longer to get the new financing organised, hence the 'extra' equity issue. This assumes of course that 1. Ptv is genuinely interested in alternative financing and 2. there is a realistic prospect of success (would you lend money to this company?) Anyone holding ptv shares is either very brave or incredibly stupid. (and yes, I have shares too and am beginning to seriously question my sanity)

Thanks for the info but I already read the rns's. My surprise / disappointment is that it was up to YAG to decide to reduce the amount. 1. Isn't it up to the cfo to prevent this when deciding to issue more equity. 2. It's a very bad sign if the regular refunding could accidentally lead to takeover limits being reached. Not the sign of a healthy company or of a competent cfo.

It seems I forgot to put my brain in gear earlier. Obviously the last rns was necessary. Still surprised/disappointed at the wording though: 'YAG elected to reduce the amount...' So on Jan 4th the cfo tried to issue more equity to YAG than possible. Another indication of the terrible mess the company is in.

Chris, no problem. My point was more that 12 looks like being breached already, which I originally treated with incredulity (and if I remember correctly I wasn't the only one). That's why I remembered your post. FYI, I haven't bought back in yet either, so I'm happy I followed your comments rather than mine.

Surely the ptv cfo should have realised that he can't issue too many shares to a single entity in one go, so this extra rns shouldn't have been necessary.

(this is re to a post from Dec 21) . Looks like Chris will get his buying opportunity after all.

This thought crossed my mind too. I can see how to get rid of the bod but I don't see how they intend to get rid of all the debt. I doubt that Leon and co. have the millions needed to pay everyone off, so closing it down / taking it private could be an option. Of course I could be totally wrong about this and they plan something else completely. That's why I'm prepared to take a gamble but not put too much in here - just in case.

Me too. Bought last week at 2 so I don't mind waiting to see how this unfolds. As I said last week, no idea what the plan involves but I assume Leon and Veldt know what they're doing.

Nearly 2 weeks since the last dilution rns, so the next one must be due soon. So which one hits first, the mystery plan or the next dilution? Although a single dilution should be negligible if the mystery plan works.

I have no idea what this mystery plan involves, but since it's the only alternative we have to the current endless cycle of dilutions and never-ending drop in the sp, then it must be good news - if it works. I assume there really is a plan and it's not just hot air. So, to Leon and Veldt, good luck! Hope you are successful. Based on previous posts it seems the plan was originally due to hit before xmas, so obviously it's been delayed for some reason. Hopefully we won't have to wait too much longer.

This company never ceases to amaze me, every time I think things can't get worse, it does. After 3 attempts they still can't get agreement on the future of Digitek. Please can someone put this pathetic co out of its misery, i.e. buy it and start wirh new management, or simply close it down. It's painful to watch.

Sunshinequeen: ok, so we would have voted differently. Still, it shouldn't have taken 5 years before the shareholders did anything. Ditto all the other useless companies out there (aim is full of similar junk). Why are shareholders so lazy (myself included)?

A no vote would have been the death of the company (probably a good outcome). If I had been at the meeting I would have voted the same way as the others - not at all happy but not much choice. I'm thinking more about all those agms where all resolutions are passed. Why is this? Surely there have been numerous opportunities to vote out the BoD, without killing the company.

I fully agree that the fat-cats need to be held accountable. Unfortunately the only people who can do that are the shareholders, and up to now the shareholders have taken no action. Instead, they (actually we, since I'm also guilty) have been stupid enough to accept the massive losses year after year. If we want the BoD of companies ending in 'TV' to be held accountable, then it's up to us, the shareholders, to get off our a*ses and do something about it. Simply complaining on forums such as this won't get us anywhere. And I'm also guilty of inaction, like most of us here.

The regulators SHOULD be monitoring this closely but apparently there aren't - how else could this co have survived for 5 years on AIM, during which time it has always had a massive debt (technically insolvent) and only keeps going by printing an ever increasing number of worthless shares. If the regulators were competent they'd have closed it down ages ago.Hopefully Veldts mystery plan will be revealed soon.

IMHO the comparison is very unfair to dogs and pigs, e.g. my dog is far more faithful and far more useful. I'd compare it to a disease-carrying mosquito, i.e. one bite and you immediately get struck with a headache, nausea, vomiting, ...

Hmmm, doesn't look like we're going to get to 25p by Christmas after all... Would have been nice though.

You mention the words "regular order" and "sizeable". Unfortunately up until now these are totally unknown for this company. IF these can happen - and that's a very big IF - then the sp can fly. However I'm very skeptical about this. Far more typical are words such as "failed", "lost" and "unsuccessful". Unless of course there's a major revolution in the next few days (although it'll have to be massive and extremely quick in order to make a difference to this trial that's supposed to complete early Feb.)