Member Info for fairdealer20

Had an extension to decide the take over . They stated a decision would be made before the end of November. Today is the last trading day of the month and No news.

Possibly a predator who Barclays acted as an intermediary, if that is within Market Rules????

After years of extended patience and unrewarded loyalty, am finally out of this Dog of a stock.

Have a gut feeling the deal with Viaro Bidco ( Rockrose) is floundering probaly because NSTA has become a huge obstacle.

Hope all still in do at least retreive something? My loss has been enormous, but I live to fight another day.

Remember Shishir has a significant holding unless he has by some miracle been releiv ed of some or all of his shares....unlikely. In the present situation he, Shishir, can be regarded as a disrupter. Hope that is wrong!!

As for retail investors having a part of a Fund raise, greedy funders will likely limit what if any shares are available to ordinary PI's

AIMO

LR would not recommend as that course of action would inevitably open up a can of worms. Best to take advice from an Accountant.

A Capital loss can only be established if the shares have been sold. If shares are still held and now suspended, it is impossible to sell in the market and therfore establish a loss. If the shares remain suspended for a period of time, a request can be made to HMRC to establish a Negligable Value on an asset.

Details of the asset, it's current status etc is required. It is usual to show the asset is in the process of being wound-up with no dispoable assets. It can be a very long and protracted process especially as this share is only suspended, so an NVA would not be considered.

A Bio stock that ceased trading and administrators were literally bleeding any residual cash, delayed a winding up petition and the share remained listed, but suspended, took more than a year for HMRC to agree my NVA. So not quick

Restoration of dividends have to be approved by Loan Note Holders, who agreed waivers back in 2021 when Loan repayments had been breached twice.

Loan note Holders pull the strings!!

Saluc the current mess was created by Shishir who you appear to support. The poorly maintained equipment goes back to the previous CEO and his Hire company who provided eqipment , the charges of which will have disclosed how Shishir was draining TGR of funds.

Even though the company has been rescued, the ongoing funding tranches does make PI's wonder what level the shares will be on relisting.??

Getting a nasty feeling we will be short-changed!!

Been saying for a very long time, CEO's salary in AIM co's should be in part if not wholly based on the Share Price performance. Have no reason to change that opinion when as stated here WH enjoys a massive income even when the SP tanked.

Cash virtually gone. No news on Court Hearing.

Will Viaro Bidco complete the deal agreed on 3oth JUne??

Shareholders have been told Court Hearing to occur early Q4 ( early October) No mention od the precise date in the RNS today.

I wrote end August, following Shareholder approval, asking what date was booked for the Court to approve the Scheme of Arrangment. Answer from Allenbys who are handling the process, on 3rd September. In essence nothing could be booked as Legal Beavers on Holiday (August) and Court Listings are delayed. Re-emphasised likely to be early October.

Checked Commercial Court availablity last week to discover short hearings ( 1-2 hours) available 1 st week October. As a result emailed the Officer at Allenbys to recieve an out of Office reply. Officer handling on annual leave until 8th October.

No urgency it would seem. Cash almost gone. Likely Viaro Bidco loan is being drawn down if only to pay Salaries. The " Going Concern Statement" needs careful reading.

Will Shareholders get payed?

Form your own opinions

Hi Barchid hope you are well amidst all the Economic mayhem. It is likely have run out of steam here! Some constantly beleive the asset value greatly exceeds the value the Market considers MARS to be worth. As repeatedly stated the JV with Carlsberg has the company well and truly shackled. The company has/is working around the Pub retention clause, by seeling off freeholds with a leaseback condition. On the face of it this does reduce debt but at the same time depletes asset value. It is doubtful the SP given current conditions, will move above the mid 40's. Conditions for Pub outlets this year, as you correctly highlight, have been better than anyone could have imagined at the begining of the year, and yet the market is not impressed.

I do'nt have figures but would be surprised if barrelage retailed this summer ,has not exceeded Brewers budgets, which is good for Carlsberg, Heinenken etc. Carlsberg have a supply agreement with Marstons which handcuffs the company. Again a result of selling off the "Family Silver"

Today, anyone going?

Long suffering PI's are possibly caught in a dilemma. The scheme of arrangement whereby Rockrose ( Viaro Bidco) take us out has the Court process to go through, votes must be in by 26th August. PI's will need to search Deltic's website to find and dowonload various documents.

The dilemma and assuming the Arrangement is passed ( IMO it all depends on Michael Spencer), PI's will recieve 7.5p/share sometime during October to 31st December, which is quite sometime after the Court and GM will have approved ( 28th August} The scheme of agreement documents are very imprecise continually stating the " D " date plus. The D date having no proposed date that I can see..

Waiting for the settlement date reduces the ability to offset Capital Losses individuals may want to use during the current Tax year.

Selling soonest may overcome that issue even though at a lower value.

Dealing with the CGT is an individual matter, contary views and views at all are wellcome.

The issue o Viaro Bidco Loan, £2.7m, as of 30th June. Does anyone know exactly what this supposed to fund?

The FCA have heavily fined Neil Woodford for misappropriation of retail investor funds etc. Also banned him from holding any management roles where investor funds are concerned. It has taken FCA 6 years to complete their investigations, too long!

Could Shishir become subject to a similar investigation by FCA??

You would be best to use come civility and not abuse.

As a VC of many years, if a CEO or Chairman acted without providing full info to shareholders, they would be on a fizzer.

Enjoy the Circus!

Were the general details of the HOT have been available to "clueless" investors, the SP would have risen considerably more than current.

Seems CEO is allowed to break protocols. The question of insider trading may well be tested!!

As ordinary shareholders are not privy to the HOT it could well be insider trading.

There is integrity or is that now a dirty word.

Even though the SP is rising,hooray, the director buys has a bit of a smell as they must know details of the HOT which the rest of us do not.

They could be treading on dangerous ground.

Even though a non-binding HOT has been signed, are brief details to be made available? Brief as to a proposed completion date, otherwise any understanding could drag on for months. The aim of a HOT is to agree principles in advance of a Contract.