Sapan Ghai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
KNIGELK - Slippery Simon needs 75% of votes cast In order to delist...
Pretty sure SVS administrators, who hold 21%, will either vote AGAINST or will abstain. If they abstain, only 4% (5.7m shares) are needed to vote against in order to block the special resolution. If SVS vote against the resolutions then it's a dead cert that the delist doesn't occur.
You're right Watermelon, they need 75% of the vote to delist. Given Simon only has 11%, I'd say there's no chance this will pass;
http://www.mobilestreams.com/investors_si
Panic selling at it's finest this morning. Fair enough there's very little that the business has, but it's an appealing shell primed for RTO. Let's see what happens over the next few days :)
A chap called Velibor Colovic was behind Adam Int. Quick searches on him go back to DAS Capital, which is/was David Subotic's firm. Issuing 20m warrants when they did was basically handing them free money given the premium raise.
Further look into Velibor and found a picture of him with a chap called Nenad Subotic - David's cousin. Had a look into his history and he was charged with commercial fraud in Canada. Ordered to pay back c.$10m to HSBC from memory. Company was called Turbo Logistics
Agree trout! The 500k chunks being sold over the past week has to be one of them! Probably to avoid having to make a mandatory offer for the company, as they simply do not have the cash between them.
These people will just look to monetise every opportunity they can and it wont be for the good of the company, it'll be to line their own pockets - just as the Alerion deal did. Vote FOR the resolutions and get this bunch of crooks out
And if it isn't Trevor Brown buying, I wonder if Zorbas or his band of merry men will be buying on extended settlement just to force their agenda through?
With the company under the spotlight I don't think they'd be stupid enough.
Personally expecting a TR1 from Trevor Brown going over 3% and one of the other significant holders dropping a couple of %. Just my opinion though
Looks like a bit of a power battle going on based on the trades. Big seller Vs big buyer. Who's selling and who is buying. Sure we'll find out soon
Agree King! Nothing more than an attempt to discourage MRS holders from voting in the EGM. They still need to get him out, without delay. He's damaged the company with the drone deal and could do more damage in his remaining 4 months.
His immediate focus should have always been URU, but it hasn't. Maybe now he'll give you all that courtesy but I wouldn't hold your breath.
You can do as you please.
The expectation certainly hasn't lived up to the hype and he's proven himself to be a lying, deceitful POS.
The 4.5p raise was nothing more than a ploy to take a major stake, and a position on the board at MRS. There has been no mention of magnetite results and the geo programme has been abysmal. He took URU Technology and attempted to reverse it into ANR, purely from greed. Shenanigans at MRS. Think that in itself will tell you whether you should invest or not.
On the flipside, take a look at other stock(s) he's been involved with. I remember NWT when they delisted and came back as Captor and the share price rocketed. No doubt because Zorbas and co controlled the free float as seed investors. I do genuinely believe there will be a spike at some point, but don't think this is at the bottom yet
Wonder which significant holder has been selling down over the past week or two. You'd think that Captor would have to notify immediately given its a related party transaction so surely cant be them?
It'll be below 50p before you know it, and the company will need funding at some point too. Zorbas starting the cycle again (rinse/repeat), it'll just have a lower number of shares this time round
Todays RNS just shows how low some people are.
To say that the directors have no relationships with Leinad is a blatant lie. The company was initially labelled URU Technology, before they attempted to reverse it into ANR rebranded as Leinad. The CEO of Leinad is Alex Dementev - who just so happens to sit on the board at Captor Capital alongside John Zorbas. A £19K fee for introducing somebody that the board already know LOL!! Arden Partners are absolutely useless!
Fingers crossed they lose the AGM and Zorbas gets the boot. Make sure you all vote and good luck!
what's going on at the minute but LH gone from Twitter, Leinad website has been taken down, LinkedIn profiles being changed (Elliott Talbot and Tobias have removed Leinad from profiles). Is this because the regulators are hot on the trails, or is it being covered up to allow the deal through??
If that's not the action of somebody with something to hide, then I don't know what is. Hopefully the start of action which is long overdue against that one, and more importantly a fresh start for genuine MRS holders - you all deserve it
FWIW I don't hold, but have emailed Tom Price at Arden with my concerns on a couple of occasions. Not received any response but will update if I do.
Hopefully they're in very deep water and normal service can be resumed for genuine shareholders
Trout - I strongly believe that LH and JZ are acting as a concert party, though they'd always deny this.
From my understanding they were both responsible for the premium raise at URU knowing full well funds would be used to buy MRS. Same applies for taking Morffews shares off market, which effectively led to Zorbas being appointed to the board.
The same 2 also involved at NYO (delisted) where they attempted to RTO the waste to energy project. That didn't work so they both took a stake in ANR where they tried the same - remember the tie up between MRS and ANR too(where they both had approx. 14% each) which resulted in MRS being forced to refuse?
It really isn't difficult to join the dots. There's a lot of entities involved, in particular the Cypriot trading company that's registered to the same address as another Zorbas company. They'll probably have directors under different names heading that, but its not difficult to transfer ownership at a later stage once the dust has settled, or he's moved on. It's blatantly obvious to most what is being done by these people and none of it will be to benefit shareholders ....well apart from themselves.
Don't think Arden will walk Austin. Think the RNS today is pretty much spelling out that the owners are getting paid one way or another.
Arden are useless and complicit if they allow this.
Zorbas pulled a similar stunt at URU. Issued 20m warrants to a company called Adam International. Turns out the guy behind Adam was in fact Velibor Colovic, who just so happened to have direct links with David (former CEO of URU and Zorbas' business partner with hospitality in Asia) and Nenad Subotic. The latter was involved in a commercial fraud case in Canada (£10.3m awarded to HSBC)
Because it really is that corrupt Trout. The ‘acqusition’ Isn’t actually an acqusition is it, what do they have on the books that’s worth any value? MRS could quite easily have set this up themselves. Purchase the drone(s) and train an operator(s). Could’ve been done at a small fraction of the £1.3m in paper they’re about to issue, and would’ve been a value add. It’s nothing short of an attempt to gain full control of the company from the inside. What the plan after they take control is, I don’t know. I’d be contacting Nigel Burton, Dan Smith and Arshad to see how they plan on voting. I personally wouldn’t vote for this and would be looking to get Zorbas out at the earliest opportunity
Takes a couple of weeks for EGM from requisition, by which time the new shares would come online. You’d have Zorbas, URU, Hogan and the owner of these new shares (so Zorbas and Hogan again) voting against. They’ve really done you over here