Member Info for fairdealer20

Is Pranagraph a Private Company or Listed?

Curious the Pranagraph connection has taken 3 years to resolve. Is there a conflict of interest?

Shishir seemed nervious when asked if the Company is Solvent.

Trust..further to what RP has stated. Does your Broker hold your shares in a Trustee a/c ( usual these days)? This Broker should have informed you. You should contact them immediately.

If you hold a paper certificate then you will need to ask the Company Secretary for a Voting form.

Shareholders have until the 6th June to vote online.

A little more subtle is the way.

What is the documented mineral production, week by week?.

What is the shipping manifest, by tonnage each week?

Would hope the evidence collected by the video crew, will have factual information to support the continuing allegations of missing Graphite.

Shareholders may be under pressure from Brokers to register Votes for the GM on 11th June.

I received a mail yesterday from II, they have repeated the request again this morning. II are referring to the meeting as an AGM which is not correct. Maybe Brokers are just making sure PI's are aware, maybe they ( Brokers) are under pressure from the BOD to get Votes quickly. I have not voted, am assimilating ALL the information which continues to flow regarding the various Individuals on both sides. I am certainly waiting to see the report/video Tomorrowtoday, stated late last night. It may be very relevant it may not, but until properly validated, I am keeping my powder dry.

As I understand SH's have until 6th June to record Votes online.

Would suggest until ALL emerging Information is properly considered, including the Q&A, hold off Voting as I am

Your Broker should have advised. II advised me this morning.

You can Vote online or attend the GM and vote in person.

Roberto not familiar with the cases you state. They do emphase how poor regulation has become. Time was when SFA would have been crawling all over these individuals. Afraid it does seem a level of dishonesty has permiated Society generally.

What is my agenda as you see it? Please tell.

Gallmat, am sure the advise is well intended, however do you or anyone countenance Directors of a Company being allowed to get away with bad management and worse? There are mechanisms to remove Directors.

There are too many AIM co's who do what they like and little Regulation. It is no wonder the London Market is losing Listings

As in Investor in unlisted SME's am very aware of the risks. Shareholders, large and small should not allow unscrupulous

Directors to continue unpunished.

It is the Board's obligation to take action against contractors/suppliers, where breach of Agreements, Confidentiallity, Conflict of Interests etc occur. Rarely an easy task, it's get very expensive as Lawyers will argue until the Cows come home.

In TGR's situation from what we know and reading between the lines, Counter claims would be created.

It is clear Shishir is not going to go quietly, can hope he has "the conversion of Paul". It is a hope.

A Q&A session is all very well, imo, it signals another desparate throw of the dice. Meanwhile the Compnay's creditabilty suffers.

Suggestion that there is a Conspiracy at work, think again. Too many issues/events in the past year, cannot all be wrong.

It seems to have escaped many that the Company had a Joint Broker, Shard, who walked away in January leaving Optiva.

Marstons may have a higher margin at 12.3% than Wetherspoons, however making a profit at a higher margin which is then absorbed by Finance costs is hardly rewarding Shareholders.

Property valuations are physically undertaken on a 1/3 of properties on a rolling basis every 3 years. They are undertaken now by RICS qualified Surveyors. Previously valuations were desk-top exercises( in Ralph Findlay's time), they were found to be overvalueing, consequently back-dated amendments were made. The values quoted now are used within the Capital Account. so hardly disputable at this moment in time.

Debt reduction as I stated is woefully slow and will take years to acheive the target set.

Short=term liabilites have increased signifcantly which only adds to the overall debt burden. Shuffling debt from one pocket to another may decieve, but it is the Total Liability that matters

If you know anything about the funding history of Marstons, an extension of existing Banking facilties should make you nervious. Are you aware Marstons previously breached Funding Covenants not just once but twice.

Rather than giving Lectures to those who have knowledge suggest you conduct fuller and better research and show a little more respect.

Good luck with your Investing strategy.

You do realise in India a Rat is sacred

Saluc it does make sense if you beleive the downfall of TGR, as we know it has been engineered. Administrators come in, it only takes an agreived creditor(s) to make application and Bingo. Open season for Shishir.

DR John... whatever information you have unearthed, can this Company continue with the current load of numbskulls who pretend to be in charge?

The writing was well and truly on the wall last July when suspension occured due to late submission of accounts. That was a fundamental mistake which now seems only the symptom of the carnage to follow.

Unfortuneately many Shareholders gave Shishir the benefit of the doubt.

Shishir should go IMMEDIATELY and a caretaker Chairman/CEO be appointed forthwith.

Well well, can it get much worse. Another Broker resigns.

Saluc is everything still fine or have you retired to a dark room with a bottle of valium?

Saluc as a VC and a person who has frequent contact with Directors and managers, I know the warning signals when a company is being badly run.

You seem to agree if things are being badly managed it should be exposed. If, as you state everything is OK, the company is growing etc etc and yet a number of troubling issues have occured, surely you would be happy to see a full and detailed audit/report on the connection, commercial and otherwise that exists between TGR and Panagraf?

That would at the very least show transparency and nothing to hide.

Do you agree?

Saluc maybe you are a gambler, many of us are not and accepted "never invest more than one is prepared to lose".

If as you continually repeat, all in the garden is rosy, why are the many issues surrounding the Management and performance of TGR has led to the virtual demolition of the share price?

If a company any company has trading connections with a Customer Company which is Private, and has Corporate Owners that are analogous to each other, it is only right and proper Shareholders in the Public company have complete knowledge of the "doings" between the 2.

Do you accept this as a Principle of sound Commercial Practice??

A complete disclosure of Commercial Agreements, Corporate Structure of Panagraf is essential, as is a Full detailed disclosure of Financial Transactions between Panagraf and TGR. Crucial to see Income and Cost accounts along with Annual Profit and Loss Accounts, Panagraf report. If as a Private Company, disclosure is stone-walled, the TG group should instigate appropriate proceedings against the Directors of Panagraf.

If, as alleged, Shishir has been up to No Good, he is going to react like a cornered Rat, not pleasant.

Unless Shishir comes Totaly clean, this is going to get terribly messy, leaving Pi's with little and nothing or a Jewal!!!

HC agree. My point was why has it taken 4 months to complete the transaction? Is it con-incidence that the shares are now taken up when a GM has been confirmed?

So taking shares in lu of wages does not give the Directors greater voting power? Come on

Existing Board members bolstering votes for the GM.

It is rapidly becoming a farce of Biblical proportions

Today's figures, although very welcome are not exceptional when judged against competitors. Spoons, who have set the upward trend for sector members, produced YoY sales increase of 8.3% published last week.

The Bricks and Mortar of any company ultimately provide shareholders with comfort when the going is tough. In the last year Marstons assets have declined by 3%, mainly due to property sales, which continues. NAV as similarly fallen by 3% to 95p/share.

Total debt at over £1500m remains stubbornly high. It is noted short-term borrowings ( due within 1 year) has mushroomed, Whether this is creative accountancy is not certain, it does emphasise how debt can and does shackle a company. Overall debt has reduced by 2%. This has been acheived primarily by asset sales. Unless the rate of reduction is accelerated it will take virually 17 years to reach the £1billion debt target, by which time the number of pubs will have decreased which in turn decreases income generation.

The way asset are being spent, Shareholders would be much better off to have a buy-out. The assets are just not making a return that makes sound economics.

A good summer is needed as are patrons flocking back to Beer-Houses