Member Info for drew62

In my opinion, the management have failed to deliver here, it also seems they have been living beyond their means, renting plush London office space that they obviously can't yet afford for example and paying themselves excessive salaries. Then there's the pledge Mr Wright made about creating a Company with a £50m market cap within 5 years, he was a young man when he said that! I also seem to remember him saying that banks were queing up to borrow money to Porta. And given where the share price is currently, it also looks like they've massively overpaid for their acquisitions

I expect this will end the day in the red.

Autins Group, a new client for Newgate.

Well if that's how this pans out, I'm sure the SFO would investigate.

A 5 week extension this time, I get the impression both sides are playing for time.

Results due any day now.

It looks like they have massively overpaid for their acquisitions, disgraceful given the salaries they have awarded themselves. Managament failure on a grand scale.

They don't sound very optimistic.

I think he meant the Independent Board, not the takeover panel.

I think someone's playing games here.

It looks like he's purchased the Stream stake.

Well if the offerers and debtors have already colluded and come to some sort of 'arrangement' then that, in my view is tantamount to theft.

I can't understand why this Company hasn't managed to get a placing away, there's only 27m shares in issue, a placing to raise. £1m would surely give the Company access to the £3m banking facility and we would be in a much stronger position, I don't get it!

I can't understand why this Company hasn't managed to get a placing away. There's only 28m shares in issue, a placing to raise £1m would surely give the Company access to the £3m banking facility and we would be in a much stronger position, I don't get it!

I reckon that trade was completed several weeks ago.

Yes I was also wandering the same, also, why did the share price rise 20+% on the back of what was a sale? can anyone explain?

This to me looks like the last throw of the dice by the independent board, by extending, they're hoping they'll receive a payment from the debtors before the payment plan expires in June.

If the offerer has purchased Stream shares, then, as I understand it, the price paid for those shares is the minimum price they must pay to shareholders if the bid goes through. The question is, who purchased them?

It also looks like they're stalling publishing the results, they said they expected to produce the results towards the end of May.

I think someone's playing games here!