The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
As if by magic……
The illiterate one reappears.
Fish. Can you please set up a new username? This American one you set up but too stupid to understand time zones, is not working for me.
You do know that absolutely no one will take you seriously- even if you posted something interesting or worthwhile, the fact that it is you means it goes unbelieved or unread.
The investigation into what on the surface was blatant forward shorting by an inside company. All this whilst Tom Richardson was in position as lead director along with John Cowan as CEO.
What was it that made Cowan be happy to agree to the 2.6p lower strike price?
Because you are a lying troll and so thick that you cannot even remember your past lies.
If you said the world was a sphere I would start to believe the Earth was flat.
I don’t know how you do it Fish. You head out with your lady friend mid afternoon (US time) and it’s now 3 in the morning and you’re still going. Still posting. 😉
How has your night out gone Fish? Late one for you?
Has your father forgiven you yet for the advice Trujack?
Fish, did you get a full hour out of the ‘hired help’?
Totally illiterate clown.
All the Home Counties I’ve resided use the phrase chippy, as does the south West. In fact I would assume Scotland and N Ireland do also. It’s a generic term we use for chip shop and carpenter / joiners.
Sorry, yes agreed Stas
No idea what the relevance there is Sue?
Every email address you own? Fish would still be doing that a whole week later.
I’m now torn on who I should believe?
On one hand we are taking advice from a crack British legal firm with a real track record of winning class action cases and individual civil financial recovery cases - and prepared to take this on in a no win no fee basis. Also a discussion with a Lincoln inn barrister (KC) and with a high court judge.
Or Fish. A man who set up a telegram group with 11 other usernames all he had set up himself and only let 1 poster speak in the settings. A man who thought he had done time in prison but was aided by his uncle who owned a chippy. A man who could not grasp the concept of time zones and watched an old re-run of Heart to Heart to help research his latest character who drove trucks on freeways (no American uses that phrase).
It’s a tough on for me. Which to believe? When they said it was likely Richardson would see close to ten years in jail, and the financial recovery can be unlimited. When they said the RNS’s allowed by Cowan and Richardson were illegal I had to stop them.
Let me check with Fish once he’s finished his pop tarts?
It’s just a bit blatant isn’t it?
Did you not like this subject name Fish?
Seems you change it anytime TR, TW or Anavio are mentioned?
Stas yes pretty much correct.
Only issue is that they don’t have enough money to buy off the SL and would have to make an offer if they hit a share threshold.
So currently Summit control the narrative. Anavio have lots of bonds and warrants and could destroy the share price and quickly convert where they took the company. However the SL is owed more than they can afford to pay off and is basically saying pay us off or we leave you with nothing (Chapter 11)
So flip the scenario. Summit are in control. They can see the illegal activities and that doesn’t work with their conservative client base - they don’t want this media disaster on their hands.
So they tell Anavio you have until the 8th to pay us off in full via Copl or accept a meagre amount to leave. No bonds, no warrants but keep your shares (17% last TR1).
What can Anavio do? Nothing. Either raise let’s say $100m to satisfy Summit (very slim chance of raising that with their media presence) or slither away and sell off their shares if they can at some stage.
Plus they also now have shareholders looking to take a class action against them. Which could well bankrupt them.
Beautiful summary Stas.
Bang on the money with all of that.
My word, that was an enjoyable trade.
As I said yesterday, buy around the 2.70 price and nice exit again today.
Not a lot of time left in the week for the promised RNS.
Jam tomorrow
Speculating on who has been dumping last few days. Anavio held 17% of the shares in issue.
So it might well be them getting the last penny's of cash before signing Summits deal and leaving?
Now that would be a cracking RNS next week. Anavio gone, warrants and bonds cancelled, minor bondholders gone too.
Gold miner